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

  • Idaho adds human dimension to winter savings
    September 23, 2014
    Idaho leverages the increased capability and reliability of its road weather sensor network to reduce costs and prevent accidents. Weather-related accidents can form a significant chunk of an authorities’ annual road casualty statistics. While authorities cannot control the weather, the technology exists to monitor the road conditions and react with warnings to motorists and the treatment of icy or snow-covered roads. However, with all capital expenditure now placed under the microscope of public scrutiny,
    Read More
  • Traffic congestion rise in Europe a ‘sign of economic recovery’
    March 4, 2014
    A new report from leading traffic information and driver services provider Inrix shows traffic congestion in Europe rose in 2013 for the first time in two years. According to the 2013 annual Inrix Traffic Scorecard, traffic congestion across Europe increased approximately six per cent in the last three quarters of the year. The amount of time British drivers spent in traffic throughout the year has risen slightly, from 29 hours in 2012 to 30 hours in 2013. This puts the UK in sixth place in Europe, behi
    Read More
  • When caring about sharing is good business for US automakers
    October 28, 2015
    Although car-sharing and ride-sharing could drastically reduce car sales, David Crawford finds some US automakers are keen to participate in the sharing economy. Growing consumer interest in car- and ride-sharing, as opposed to outright ownership, and ride-sharer Uber’s recently stated intention to make its brand competitive with ownership on cost, are making the major US automotive manufacturers think seriously about their future sales prospects. Some have already begun exploring ways of entering the field
    Read More
  • Kapsch flows free in France
    December 2, 2022
    New toll system on A79 set to process 15,000 vehicles per day along 88km stretch
    Read More

Highlighted Content