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

  • Seamless and Q-Park partner on pay by phone parking
    April 26, 2013
    Swedish payment solutions provider Seamless and Q-Park, the country’s private car park operator are to partner on a project that will enable motorists to pay for parking via SEQR using their mobile phone. Customers simply use the SEQR app in the phone to scan a QR code, and then approve the transaction by entering their PIN. A customer paying for parking with SEQR can also extend the parking time directly from their mobile without needing to return to the car park. The customer receives an immediate digita
    Read More
  • All aboard hyperloop 'by 2040 earliest', says Lux
    April 30, 2020
    Cost-per-mile estimates are rising and technical issues remain, says Lux Research
    Read More
  • UK’S infrastructure on the up, but now it’s all about delivery – CBI/AECOM
    November 7, 2016
    Almost half of firms believe the UK’s infrastructure has improved over the past five years, but only a quarter think it will pick up in the next five years, and two thirds suspect it will hamper the country’s international competitiveness in the coming decades, according to the 2016 CBI/AECOM Infrastructure Survey.
    Read More
  • Automotive sensors market projected to grow at almost eight per cent by 2022
    January 20, 2017
    A new report published by Allied Market Research, Automotive Sensors Market by Product and End User - Global Opportunity Analysis and Industry Forecast, 2014-2022, projects that the automotive sensors market was valued at US$22 billion in 2015 and is expected to reach US$37 billion by 2022, growing at a CAGR of 7.5 per cent from 2016 to 2022. Micro-electromechanical systems (MEMS) sensors are expected to dominate this market from 2016 to 2022. Europe will continue to lead, accounting for approximately 35
    Read More

Highlighted Content