ISS announces profitable first quarter 2017

Image Sensing Systems (ISS) has announced profitable results for its first quarter ended 31 March 2017, the first since 2010. First quarter revenue was US$3.1 million, compared to US$3.2 million in the first quarter of 2016, while gross margin from operations for the first quarter of 2017 was 79 per cent, a seven percentage point increase from a gross margin of 72 percent for the same period in 2016. The increase in the gross margin percent was the result of higher percentage of revenue from royalties and
May 4, 2017 Read time: 2 mins
6626 Image Sensing Systems (ISS) has announced profitable results for its first quarter ended 31 March 2017, the first since 2010.


First quarter revenue was US$3.1 million, compared to US$3.2 million in the first quarter of 2016, while gross margin from operations for the first quarter of 2017 was 79 per cent, a seven percentage point increase from a gross margin of 72 percent for the same period in 2016.  The increase in the gross margin percent was the result of higher percentage of revenue from royalties and improved product sales gross margin.  Revenue from royalties remained constant at US$1.6 million compared to the prior year period. Operating expenses decreased approximately 14 per cent from the same period in 2016.

The Company’s net income in the first quarter was US$197,000, compared to a net loss of US$292,000 in the same period in 2016.

Chad Stelzig, ISS president and CEO, said investment into new technology development, improved customer engagement initiatives and continued collaboration with partners will continue to promote profitable growth.

Detection, Monitoring & Machine Vision Classification & Data Collection

For more information on companies in this article

Related Content

  • 5G or not 5G?
    April 16, 2019
    Just a few years ago, there was only one solution in terms of communications protocols for delivering vehicle connectivity. Now, road operators and vehicle manufacturers face choices – including a moral choice, perhaps. Jason Barnes looks at the current state of play There is a debate raging in the ITS world over future communications protocols. Asfinag, Austria’s national strategic road operator, has announced it will from 2020 be using ITS-G5 to support cooperative ITS (C-ITS) applications (‘First thin
    Read More
  • Honda begins sales of fuel cell car
    March 11, 2016
    Honda Motor has begun to sell its all-new fuel cell vehicle (FCV) in Japan, the Clarity Fuel Cell; its first-year sales target is 200, mainly through lease sales mainly to local government bodies or businesses Honda has already been working with to popularise FCVs. Making the fuel cell powertrain more compact using original Honda technologies and fitting it entirely under the hood of the car enabled Honda to create an FCV to carry five passengers rather than the usual four. Combined with the improved
    Read More
  • Most Americans would support higher gas taxes - under certain conditions
    September 3, 2015
    A telephone survey by the California-based Mineta Transportation Institute found that the majority of Americans would support higher fuel taxes, but only if the revenue is invested in specific transportation improvements. A gas fuel increase of 10 cents per gallon to improve road maintenance was supported by 71 per cent of respondents, whereas support levels dropped to just 31 per cent if the revenues were to be used more generally to maintain and improve the transportation system. The survey findings
    Read More
  • Vancouver's metro transport promotes alternatives to driving
    January 26, 2012
    David Crawford looks at Vancouver and the legacy of a Olympic transport success
    Read More

Highlighted Content