ISS announces increased revenue for first half of 2016

Image Sensing Systems (ISS) has announced revenue of US$7.9 million for the first half of 2016, a four per cent increase from revenue of US $7.6 million in the first half of 2015. Product sales increased to US$3.9 million in the first half of 2016, a 31 per cent increase from $3.0 million in the first half of 2015. The first six-months of revenue for 2016 included Autoscope video product sales and royalties of US$621,000 and US$4.0 million, respectively, and RTMS radar product sales of US$3.3 million. Pr
August 8, 2016 Read time: 2 mins
6626 Image Sensing Systems (ISS) has announced revenue of US$7.9 million for the first half of 2016, a four per cent increase from revenue of US $7.6 million in the first half of 2015. Product sales increased to US$3.9 million in the first half of 2016, a 31 per cent increase from $3.0 million in the first half of 2015.

The first six-months of revenue for 2016 included 6575 Autoscope video product sales and royalties of US$621,000 and US$4.0 million, respectively, and RTMS radar product sales of US$3.3 million. Product sales gross margin for the first six months of 2016 was 52 per cent, consistent with the same period in 2015.

The company’s second quarter 2016 sales increased approximately six per cent from the prior year period, while second quarter net income from continuing operations improved to US$1.2 million, an 82 per cent increase from the same period in 2015. Cash balance ended the quarter at US$964,000, down from US$1.4 million at the end of first quarter.

“We are in the preliminary stage of a business transformation and new technology innovation.  We continue to drive down operational costs and identify opportunities to operate within a leaner, more agile corporate structure focused on technology and engineering opportunities essential to our growth.  We are also evaluating alternatives to further enhance our credit and liquidity position,” said Chad Stelzig, ISS interim CEO.
Detection, Monitoring & Machine Vision Classification & Data Collection

For more information on companies in this article

Related Content

  • Satellite-based truck tolling provides Slovak solution
    August 12, 2015
    Slovakia opted for a satellite-based tolling system and following last year’s enlargement it now has the European Union’s largest truck user charging system.
    Read More
  • Shipments of NFC-enabled handsets reached 30 million units in 2011
    April 4, 2012
    According to a new research report by Berg Insight, global sales of handsets featuring near field communication (NFC) increased ten-fold in 2011 to 30 million units. Growing at a compound annual growth rate (CAGR) of 87.8 per cent, shipments are forecasted to reach 700 million units in 2016. The global rise in smartphone adoption is also driving higher attach rates for other wireless connectivity technologies in handsets including GPS, Bluetooth and WLAN. These connectivity technologies are already a standa
    Read More
  • ARTBA proposes path to breaking gridlock on transportation funding
    March 13, 2015
    The American Road & Transportation Builders Association (ARTBA) has outlined a detailed proposal it believes could end the political impasse over how to fund future federal investments in state highway, bridge and transit capital projects. The ‘Getting beyond gridlock’ plan would marry a 15 cents-per-gallon increase in the federal gas and diesel motor fuels tax with a 100 per cent offsetting federal tax rebate for middle and lower income Americans for six years. The plan, ARTBA says, would fund a US$401 bil
    Read More
  • Bali launches first all-vehicle tolled highway
    September 25, 2013
    The launch of Bali’s first all-vehicle tolled highway on 23 September is expected to ease congestion in an area increasingly famous for its notorious traffic. The country already has a toll road especially for motorcycles. The project is designed to reduce congestion on the 12.7 kilometre Benoa-Kuta-Nusa Dua stretch, at a cost of US$217 million. The road runs over the sea and was built using 33,835 concrete columns, some of them through an area of mangrove forest.
    Read More

Highlighted Content