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

  • Savings accrue from on-line from truck screening
    October 18, 2013
    An online truck pre-clearance system is allowing enforcement to be better targeted towards offending vehicles. Utah is the latest US State department of transportation (DOT) to deploy HELP (Heavy Vehicle Electronic License Plate) Inc’s new 360SmartView electronic truck screening and sorting system at vehicle inspection sites to speed up compliance checks. The initial locations will be at Perry on Interstate 15 (I-15), which were the first sites in the state to implement HELP’s PrePass transponder-based v
    Read More
  • Incentive schemes target single occupancy commuters
    October 14, 2016
    Andrew Bardin Williams looks at state-run schemes to encourage green transportation habits with raffles, gift cards, competitions and frequent traveller points. The societal benefits of green transportation are obvious: less congestion, cleaner air and healthy economy. Equally the advantages for individuals are pretty clear too: a healthy lifestyle, freedom of movement and the feeling of being a part of something greater than oneself.
    Read More
  • Sensys Traffic to acquire Gatso
    June 23, 2015
    Sensys Traffic is to acquire Dutch enforcement company Gatso in a deal worth around US$33.9 million. Sensys’ acquisition of Gatso and the merger of the operations the two companies will create the largest supplier of traffic enforcement equipment with a strong presence in Europe, the Middle East, Asia and Australia, as well as the North American managed services market. The combined company will operate under the name Sensys Gatso Group, with an installed base of 18,000 systems and 202 employees. The
    Read More
  • Germany’ plans subsidies to encourage EV use ‘an interesting move’
    April 29, 2016
    Germany has announced plans to motivate German citizens to buy electric and hybrid vehicles, say news reports, with a plan that the transport ministry hopes will boost sluggish electric-vehicle sales. The plan is expected to cost US$1.35 billion (€1.2 billion), with the government and automakers sharing the cost. Car buyers will receive a US$4,530 (€4,000) discount on electric vehicles and a US$3,398 ($3,000) discount on hybrids. The proposal also includes the installation of more charging stations
    Read More

Highlighted Content