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

  • Kenya WIM system cuts four days off journey times
    March 18, 2014
    Shem Oirere looks at how weigh-in-motion is helping to streamline the trucking industry in Kenya. Kenya, East Africa’s largest economy, is streamlining trucking operations on its section of the 8,800km Northern Corridor. It is both reducing the number of weighbridges and automating the remaining ones in an effort to improve efficiency and eliminate corruption.The Northern Corridor is a major gateway through Kenya to the landlocked countries of Uganda, Rwanda, Burundi, Democratic Republic of Congo and Sou
    Read More
  • Asecap announces new president for 2025
    January 6, 2025
    Konstantinos Koutsoukos takes over from Julián Núñez at tolling organisation
    Read More
  • Cost benefit: Wichita eases workzone congestion
    July 8, 2019
    Achieving higher diversion rates has helped one Kansas city to make traffic flow more efficient around workzones. David Crawford examines what’s behind a 10:1 benefit-to-cost ratio in Wichita Around 10% of highway congestion in the US results from delays in workzones, leading to an estimated annual loss of $700 million in fuel costs alone. The lack of accessible real-time traffic information to help motorists minimise their inconvenience – particularly at peak times - is a major contributor. One solut
    Read More
  • Lidar: the consolidation conundrum
    March 12, 2024
    There has been a great deal of flux and restructuring over the last few years in the Lidar market – what drives this and where will it end? Only one way to find out: Adam Hill asks the experts
    Read More

Highlighted Content