8-K
filed November 16, 2022, 6:59 PM ET
ticker AATC
CIK 0000943034
earnings
confidence high
sentiment neutral
materiality 0.60
Autoscope Q3 net income $644k ($0.12 EPS); revenue down 3.6% YoY; declares $0.12 dividend
AUTOSCOPE TECHNOLOGIES CORP
2022-Q3 EPS reported
$0.14
revenue$8,726,000
- Q3 revenue $3.2M (-3.6% YoY); net income $644k ($0.12 EPS) vs $613k ($0.11) prior year.
- Royalty revenue up 5.7% to $2.6M; product sales down 31.9% to $0.5M on labor shortages.
- Nine-month net income $736k vs $2.5M prior year (including $931k PPP loan forgiveness in 2021).
- Board declared $0.12/share cash dividend, payable Dec 5, 2022 to holders of record Nov 28, 2022.
- Management expects lower gross margins due to supply chain disruptions; launching new video detection product.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
AUTOSCOPE TECHNOLOGIES CORP reported first nine months of 2022 results: revenue $8.7 million, net income $736,000.
- Period
- first nine months of 2022
- Revenue
- $8.7 million
- Net income
- $736,000
- Result
- reported results
Exact text from the filing
("ISS"), decreased to $ 3.2 million in the three -month period ended September 30, 2022 from $ 3.3 million in the same period in 2021 , a decrease of 3.6 %, and decreased to $ 8.7 million in the first nine months of 2022 from $ 10.0 million in the same period in 2021 , a decrease of 13.1 %. Royalty revenue increased to $ 2.6 million in the third quarter of 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
AUTOSCOPE TECHNOLOGIES CORP reported third quarter of 2022 results: revenue $3.2 million, net income $644,000.
- Period
- third quarter of 2022
- Revenue
- $3.2 million
- Net income
- $644,000
- Result
- reported results
Exact text from the filing
Corporation ("AATC," the "Company," "us," "we," or "our"), which includes the results of Image Sensing Systems, Inc., a wholly-owned subsidiary of AATC ("ISS"), decreased to $ 3.2 million in the three -month period ended September 30, 2022 from $ 3.3 million in the same period in 2021 , a decrease of 3.6 %, and decreased to $ 8.7 million in the first nine months
View on SEC.gov
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