Autoscope Technologies Corporation Announces Financial Results
Autoscope Technologies Corporation (AATC)
Company Research
Source: GlobeNewswire
MINNEAPOLIS, March 21, 2024 (GLOBE NEWSWIRE) -- Autoscope Technologies Corporation (OTCQX: AATC) today announced results for its quarter and year ended December 31, 2023. Fourth Quarter 2023 Financial Summary Royalties increased 5 percent to $2.5 million compared to $2.4 million in the same period in the prior year.Product sales increased 219 percent to $102,000 compared to $32,000 in the same period in the prior year.Operating expenses from continuing operations were comparable at $2.0 million in the fourth quarter of 2023 and in the same period in the prior year period. There were no capitalized software costs in the fourth quarter of 2023 or the prior year.Net income from continuing operations for the fourth quarter of 2023 totaled $1.1 million compared to $103,000 for the same period in the prior year. 2023 Full Year Financial Summary 2023 royalties increased 58 percent to $13.0 million compared to $8.2 million in the prior year.2023 product sales decreased
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