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

  • US FY 2016 budget invests heavily in ITS, infrastructure
    February 3, 2015
    Announcing President Obama’s US$94.7 billion Fiscal Year 2016 budget for the US Department of Transportation, Transportation Secretary Anthony Foxx said, “Our budget proposal lays the foundation for a future where our transportation infrastructure meets the demands of a growing population and an economy that depends on the free flow of freight,” said Secretary Foxx. “This Administration is looking towards the horizon – the future – but to do this we need Congress’ partnership to pass a long-term reauthorisa
    Read More
  • Prime Minister’s ‘roads revolution’ good news for industry
    November 11, 2014
    Responding to the UK Prime Minister’s announcement which outlined a ‘roads revolution,’ the Freight Transport Association (FTA) has said that plans to deliver roads improvements across the country are good news for the freight and logistics industry. David Cameron stated that plans for the biggest road building programme for almost half a century will be unveiled in next month's Autumn Statement and would contain a US$24 billion overhaul of 100 of Britain's busiest roads and motorways by the end of the
    Read More
  • Fleet management systems to reach 7.1 million in Europe by 2018
    October 15, 2014
    According to a new research report from analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in Europe was 3.65 million in quarter 4 2013. Growing at a compound annual growth rate (CAGR) of 14.2 per cent, this number is expected to reach 7.10 million by 2018. A group of international aftermarket solution providers has emerged as leaders in the European fleet management market. Masternaut reported an active installed base of close to 350,000 units
    Read More
  • IBTTA: industry must commit to trust and accountability
    August 23, 2018
    Without a commitment to trust and accountability, the modern road tolling industry would not have the bedrock which it requires – and which customers demand, says IBTTA’s Bill Cramer When Tim Stewart, executive director of Colorado’s E-470 Public Highway Authority, settled on ‘trust and accountability’ as the themes for his year as IBTTA president, it was a very deliberate choice. Stewart was looking for language that would help deliver the global tolling industry’s message of service excellence to cust
    Read More

Highlighted Content