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

Related Content

  • November 4, 2016
    ISS appoints new director
    Image Sensing Systems (ISS) has announced the appointment of Geoffrey Davis has been appointed to its Board of Directors. Fisher replaces Melissa Fisher who has resigned as a director for personal reasons. Davis is a principal at Republic Consulting. From 2005 to 2012, he served as a US Congressman from the Commonwealth of Kentucky and represented the Fourth District in the United States House of Representatives. Prior to serving in Congress, Davis owned and operated a consulting firm specialising in le
    Read More
  • July 11, 2014
    IRD pleased with 2014 performance to date
    International Road Dynamics’ results for the three and six one of the world's leading providers of systems and solutions for the three and six months ended 31 May show total revenue up 15 per cent year to date, which the company says is due to a strong growth in key geographic markets. Revenue in Canada and the US revenue rose 23 per cent year to date on solid performance in projects and product sales, while Latin America revenue increased 22 per cent year to date on significant project deliveries. Sout
    Read More
  • April 25, 2014
    Updated parking meters increase Indianapolis’ revenue, infrastructure
    The US City of Indianapolis has seen an increase in revenue as a result of selecting ParkIndy, a public-private partnership between the city and Xerox to modernise its coin-operated parking meters. The City has collected US$2.7 million more in parking meter revenue and reinvested more than US$12 million in infrastructure improvements, including sidewalk and road and bridge enhancements, since shifting parking meter operations to ParkIndy in 2010.
    Read More
  • September 23, 2016
    Norway continues to lead global electric vehicle market
    Norway continues to lead the global market for electric vehicles, according to the most recent plug-in electric vehicle (PEV) index from IHS Automotive, part of business information provider IHS Markit. Plug-in electric vehicles are defined as either a pure Battery Electric Vehicle (BEV) or a Plug-In Hybrid Vehicle (PHEV). Based on analysis of new vehicle registrations during the first quarter 2016, one out of every three vehicles registered in Norway during the quarter was a plug-in electric vehicle, r
    Read More

Highlighted Content