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

  • Houston Police: increase in crashes when red-light safety cameras removed
    November 7, 2014
    A new report shows a 30 per cent increase in fatal traffic collisions and a 117 per cent increase in total traffic crashes at 51 intersections in Houston where red-light safety cameras once stood. New figures from the Houston Police Department released by the National Coalition for Safer Roads (NCSR) show total traffic collisions more than doubled from 4,147 in 2006-2010 when cameras were in use to 8,984 in 2010-2014, when cameras were not in operation. The city ended its red-light safety camera program
    Read More
  • Latest A9 speed camera report ‘shows improvement in driver behaviour’
    July 28, 2015
    The latest performance data for A9 speed camera system has been published by Transport Scotland on behalf of the A9 Safety Group, covering the period May 2015 to July 2015 (incidents are quarter two April to June) as an overall assessment of the performance of the route. The report incorporates the first information in relation to collision and casualty figures covering the period from October 2014 to March 2015, which are reported against the average of the equivalent months in the preceding three year
    Read More
  • South Africa's first multi-lane free-flow tolling top of the line
    February 3, 2012
    Kapsch's Kjell Arnesson talks about the first multi-lane free-flow tolling project in South Africa. In South Africa, installation is ongoing as part of the Gauteng Freeway Improvement Project (GFIP) of the country's first Multi-Lane Free-Flow (MLFF) tolling system.
    Read More
  • Speed reduction measures - carrot or stick?
    January 23, 2012
    In Sweden, marketing company DDB Stockholm employed a mock speed camera as part of a promotional campaign for automotive manufacturer Volkswagen. The result was worldwide online interest and promotion of the debate over excessive speed to the national level. A developing trend in traffic management policy is to look at how to induce road users to modify their behaviour by incentivising change rather than forcing it through the application of penalties. There have been several studies conducted into this; an
    Read More

Highlighted Content