Autoscope Q1 net income $17K vs $1.1M; product sales down 20%

AUTOSCOPE TECHNOLOGIES CORP

2022-Q1 EPS reported $0.00 revenue$2,752,000

Revenue $2.8M, down ~7% YoY from $3.0M; royalties flat at $1.8M.
Product sales $934K, down 20% from $1.2M; CEO cites timing of shipments.
Operating expenses $2.1M, up 14% due to stock comp and resumed travel.
Diluted EPS $0.00 vs $0.21; prior year benefited from PPP loan forgiveness.
Non-GAAP operating income $270K vs $638K in prior year period.

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