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

  • Lysanda acquires Tracker
    February 7, 2014
    In a deal that will combine Lysanda’s B2B customer base alongside Tracker’s long-standing B2C sales reach, telematics and infomatics provider Lysanda has acquired Tracker Network, a wholly owned subsidiary of Direct Line Group. The combined companies intend to establish Tantalum Corporation, with approximately US$32.5 million in revenues and some 500,000 telematics installations throughout Europe. Commenting on the acquisition, Cédriane de Boucaud, CEO of Tantalum Corporation said: “Lysanda has been a
    Read More
  • Completely new concept for inflating airbags
    March 22, 2012
    Autoliv has announced it has developed a completely new concept for inflating airbags that is more environmentally friendly and more cost efficient than traditional inflator technologies. In addition, it reduces the inflator’s weight by 20 per cent compared to most inflators for the intended application.
    Read More
  • Traffic accidents ‘number one worldwide cause of death among the young’
    October 31, 2014
    A new study released by the Allianz Center for Technology (AZT) found that traffic accidents are the leading cause of death for youths, regardless of a country’s economic well-being. Thirty-one percent of all traffic-related deaths in the world are youth and young adults aged between 15 and 29 years. This translates to more than 400,000 lives lost per year, which exceeds youth deaths caused by diseases, drug use, suicide, violence or war-related events. Whether a traffic-related death of a youth occurs i
    Read More
  • Radar and laser detectors save wild animals, protect drivers
    August 29, 2013
    The Ministry of Transportation (MTO) in Ontario, Canada, where collisions with wild animals cost the province more than US$95 million annually, has installed wildlife sensor and alert systems to reduce the number of animal-vehicle collisions on its highways. The MTO has installed two types of systems – one uses laser tripwires to detect animals and the other uses radar, an alternative that was found to address some of the challenges posed by laser systems. Neither system has yet been determined to be
    Read More

Highlighted Content