secwatch.observer — SEC 8-K summary
======================================

Issuer:     AUTOSCOPE TECHNOLOGIES CORP (AATC)
CIK:        0000943034
Form:       8-K
Filed at:   2022-03-22T23:59:59+00:00
Accession:  0000897101-22-000297
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943034/000089710122000297/0000897101-22-000297-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943034/000089710122000297/aatc-20220322.htm
  HTML page:      https://secwatch.observer/filing/0000897101-22-000297

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer