secwatch.observer — SEC 8-K summary
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Issuer:     AUTOSCOPE TECHNOLOGIES CORP (AATC)
CIK:        0000943034
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0000897101-22-001000
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Autoscope Q3 net income $644k ($0.12 EPS); revenue down 3.6% YoY; declares $0.12 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943034/000089710122001000/0000897101-22-001000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943034/000089710122001000/aatc-20221116.htm
  HTML page:      https://secwatch.observer/filing/0000897101-22-001000

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