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

  • Parking provision dictates commuters’ modal choice
    March 16, 2016
    Researchers from two American Universities have found the provision of parking spaces can encourage automobile use and increase traffic congestion. It is well understood that increased automobile use is linked to congestion, environmental degradation and negative health and safety impacts. Trials of smart parking technology has shown a reduction in circulating traffic (looking for parking) can ease congestion and that the cost of parking can influence commuters’ modal choice. Now, researchers at the univers
    Read More
  • Thales to sell its revenue collection, tolling, car park management business
    November 18, 2016
    International technology company Thales has entered into exclusive negotiations with French private equity firm Latour Capital with a view to divesting its ticketing and revenue collection, road tolling and car park management systems business, in line with the company’s strategy of business portfolio optimisation. With close to 850 employees mainly based in France, the Netherlands, Denmark, Italy, Mexico, Hong Kong, India, New Zealand and Egypt, this business generated sales of US$165 million (€155 mil
    Read More
  • Daimler’s double take sees machine vision move in-vehicle
    December 13, 2013
    Jason Barnes looks at Daimler’s Intelligent Drive programme to consider how machine vision has advanced the state of the art of vision-based in-vehicle systems. Traditionally, radar was the in-vehicle Driver Assistance System (DAS) technology of choice, particularly for applications such as adaptive cruise control and pre-crash warning generation. Although vision-based technology has made greater inroads more recently, it is not a case of ‘one sensor wins’. Radar and vision are complementary and redundancy
    Read More
  • Tactile Mobility's virtual virtuous circle
    January 25, 2021
    Virtual sensors will allow a safer driving experience and reduce road maintenance costs. Tactile Mobility’s Eitan Grosbard talks to David Arminas about what once seemed 'pure sci-fi'...
    Read More

Highlighted Content