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

  • Over US$2.3 billion of investment awarded to upgrade motorways in England
    July 23, 2015
    Highways England has appointed six joint-venture companies to design and build ten smart motorways across England as part of a US$2.3 billion investment. Three of these projects will start in autumn this year: two in the Midlands on the M1 J19 to J16 in Northamptonshire and the M5 J4a to J6 in Worcestershire, and one in the north-west on the M6 J16 to J19 near Stoke-on-Trent. The smart motorway schemes, part of the US$23 billion government investment Highways England is delivering between now and 2021
    Read More
  • 'Conservatism hampering ITS technical evolution'
    November 13, 2012
    Nick Lanigan, managing director of Clearview Traffic, considers the current outlook in the ITS sector from an SME's perspective. Interview with Jason Barnes. When times are hard, businesses can invest or cut. Either way, they need guidance from customers – governments – on where best to concentrate their efforts. Prolonged economic slowdown is currently an issue. A short recession, however sharp, would have left many industry players able to ride the bow-wave of governments’ multi-year spending on strategic
    Read More
  • Rapid growth makes Texas an incubator for tolling innovation
    September 8, 2014
    As the IBTTA’s annual meeting and exhibition heads for Austin, Mitchell Beer, president of Smarter Shift, considers the role of Texas in the development of tolling strategies and technology. The State of Texas has always prided itself on being ‘larger than life’. From the sprawling geography of the state itself with its wide open skies, to its entrepreneurial ‘get-it-done’ attitude, Texas exudes an impatient restlessness that pushes businesses and public agencies to deliver faster, better results. More ofte
    Read More
  • Righter shade of pale
    July 24, 2012
    Jon Tarleton, Quixote Transportation Technologies, Inc., talks about developments in mobile weather information gathering Quixote Transportation Technologies, Inc. (QTT) is promoting the greater use of mobile technologies to provide infill between fixed Road Weather Information System (RWIS) infrastructure. It is, the company says, a means of reducing the expense of providing comprehensive, network-wide coverage, particularly in geographic locations where the sheer number of centreline miles causes cost to
    Read More

Highlighted Content