Welcome to our dedicated page for ISNS news (Ticker: ISNS), a resource for investors and traders seeking the latest updates and insights on ISNS stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ISNS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ISNS's position in the market.
Image Sensing Systems reported financial results for Q3 and the first nine months of 2020. Third quarter royalties were $2.2 million, down 7% year-over-year, while product sales rose 18% to $1.5 million. Net income fell significantly to $659,000 from $6.1 million in Q3 2019. Year-to-date results showed total revenue of $10.3 million, a 9% decrease compared to 2019. The company's cash balance increased to $7.5 million. Operating expenses rose 8% year-to-date, impacting overall profitability.
Image Sensing Systems reported its financial results for the second quarter and first half of 2020, revealing a stable royalty income of $2.2 million, while product sales fell 42% to $1.2 million.
Operating expenses slightly increased by 1% to $2.4 million, and net income dropped to $150,000 compared to $647,000 in the prior year. However, the cash balance improved to $6.8 million. For the first half, total revenue decreased 14% year-over-year, with net income declining to $39,000.
Image Sensing Systems, Inc. (ISNS) reported Q1 2020 results with total revenue of $3.2 million, down from $3.4 million a year prior. Royalties increased by 20% to $2.1 million, while product sales fell 35% to $1.1 million. The company incurred a net loss of $111,000, reversing last year's net income of $308,000. Operating expenses rose by 23% to $2.8 million due to increased legal and consulting costs. Cash rose to $5.4 million. ISS aims to overcome order delays caused by COVID-19, anticipating recovery as the situation improves.
