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

  • Measuring vehicle lengths with a single loop - promising results
    July 27, 2012
    District 7 of Caltrans has been conducting trials to see whether the use of a single inductive loop to measure vehicle lengths and so identify heavy trucks is feasible. So far, the results have been very promising, according to Lead Transportation Engineer Steve Malkson. Between them, the adjoining ports of Los Angeles and Long Beach, the US's two biggest, cover some 10,700 acres (43km2) and 68 miles (109km) of waterfront.
    Read More
  • ‘One in four drivers still using handheld phones while driving’
    September 21, 2017
    New research by UK motoring association the RAC reveals that nearly one in four drivers still makes or receives calls while driving, despite the doubling of penalties for the offence in March 2017, to six points and a £200 fine. In September 2016 the RAC revealed that the illegal use of handheld mobile phones at the wheel had reached epidemic proportions. Days later the Government announced the penalty for the offence would increase to six points and a £200 fine in a bid to stamp out the dangerous habit.
    Read More
  • Image Sensing Systems shows support for ONVIF security solutions
    September 20, 2013
    Image Sensing Systems’ widely deployed licence plate recognition (LPR) software will soon be available with support for the ONVIF protocol; following IP camera interoperability testing, ONVIF software support is expected to be generally available in November 2013. ONVIF is an open industry forum promoting and developing global standards for interfaces of IP-based physical security products.
    Read More
  • Flexible, cost efficient bus trailers adapt to passenger demand
    January 25, 2012
    The cost, environmental and other benefits of the bus trailer concept are obvious. Used in several areas of Germany, as well as Austria, Switzerland, and Luxembourg, vehicle sizes can be adapted to passenger demand. The Ruebenacker group, a public transport provider in the Black Forest region of Germany, is one of more than 20 bus operators in the country that have deployed bus trailers, also referred to as bus trains. The company owns 81 buses and transports nearly six million passengers a year in the Blac
    Read More

Highlighted Content