Autoscope Q4 net loss $201K vs profit year ago; FY net income up to $2.3M

AUTOSCOPE TECHNOLOGIES CORP

Q4 revenue $3.2M (+10% YoY); royalties $1.8M (-2%), product sales $1.4M (+34%).
Q4 net loss $201K ($0.04/diluted) vs net income $365K ($0.07) in Q4 2020.
Full-year net income $2.3M ($0.43/diluted) vs $1.1M ($0.20) in 2020; revenue flat at $13.2M.
Non-GAAP operating income Q4 $517K vs $106K; FY $3.2M vs $1.6M. PPP loan forgiveness boosted FY other income $931K.
Cash $8.2M at Dec 31, 2021, down from $8.6M yr-end 2020. Capitalized software costs $485K in 2021 vs $22K in 2020.

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