Autoscope Technologies Q2 net income falls to $74k from $752k YoY; revenue down 26% to $2.8M

AUTOSCOPE TECHNOLOGIES CORP

2022-Q2 EPS reported $0.02 revenue$5,571,000

Q2 2022 revenue $2.8M, down 26% from $3.8M YoY; royalties fell to $1.4M from $2.5M.
Net income $74k ($0.01 diluted EPS) vs $752k ($0.14) YoY; non-GAAP operating income $395k vs $1.1M.
Product sales rose 10% to $1.4M driven by RTMS Echo adoption; gross margin 71% vs 78%.
Six-month net income $92k ($0.02 EPS) vs $1.9M ($0.35) including $931k PPP loan forgiveness in prior year.
Board declared $0.12/share quarterly dividend payable Aug 31 to record Aug 25.

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