secwatch.observer — SEC 8-K summary
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Issuer:     AUTOSCOPE TECHNOLOGIES CORP (AATC)
CIK:        0000943034
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0000897101-22-000773
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943034/000089710122000773/0000897101-22-000773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943034/000089710122000773/aatc-20220811.htm
  HTML page:      https://secwatch.observer/filing/0000897101-22-000773

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