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

  • ITS projects deliver return on investment
    December 3, 2012
    Light is being shed on where the real return on investment is today – growing, tangible, revenue-generating markets like ITS. There is a great deal of investment going on within the ITS space, and a great deal of external interest in investing in ITS,” says Scott Belcher, President and CEO of ITS America, which has been connecting investors with technology firms ripe for investment. Interested parties include the leading investment banking firm Raymond James. Its managing director, Gary Downing says: “ITS i
    Read More
  • New York’s Hudson Bridge goes AET
    October 15, 2014
    New York’s Metropolitan Transportation Authority Bridges & Tunnels (MTA B&T) has selected TransCore to deploy the agency’s first all-electronic tolling (AET) system on the historic Henry Hudson Bridge. Built in 1936, the iconic bridge provides passage for more than 63,000 vehicles each day. The AET project is part of a three-year, US$33 million MTA B&T bridge rehabilitation project to replace the original 1930s steel supports as well as install 3,600 feet of new bridge decking, new energy-efficient roadw
    Read More
  • Study shows Irish speed cameras provide five-fold benefit
    April 30, 2015
    Ireland’s mobile speed cameras have been shown to save lives and money but face a legal challenge. David Crawford reports. In 2011 the Republic of Ireland introduced mobile safety cameras on dangerous roads which have, according to the country’s first cost-benefit analysis of the technology, saved an average of 23 lives a year.
    Read More
  • Consumers want in-vehicle technology but willingness to pay for it varies, says survey
    June 22, 2017
    A new global survey on consumer preferences for automotive technology finds more consumers want advanced technology in their next new vehicle. However, their willingness to pay for technology demonstrates a wide variety of viewpoints from consumers across leading global markets, says the survey from business information provider IHS Markit
    Read More

Highlighted Content