secwatch.observer — SEC 8-K summary
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Issuer:     AUTOSCOPE TECHNOLOGIES CORP (AATC)
CIK:        0000943034
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0000897101-22-000524
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943034/000089710122000524/0000897101-22-000524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943034/000089710122000524/aatc-20220516.htm
  HTML page:      https://secwatch.observer/filing/0000897101-22-000524

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