I.D. Systems Reports Third Quarter and Nine Month 2018 Results
ID SYSTEMS (IDSY)
Last id systems earnings: 8/1 04:00 pm
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US:NASDAQ Investor Relations:
ir.id-systems.com/investor-overview
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Source: GlobeNewswire
Revenue Up 21% for the Quarter and Year-to-Date Revenues Surpass Total Revenue for 2017 WOODCLIFF LAKE, N.J., Nov. 08, 2018 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology, reported results for the third quarter ended September 30, 2018. Management Commentary“The third quarter and first nine months of 2018 marked another period of top-line growth, solid gross margins and cash generation for our company,” said I.D. Systems CEO, Chris Wolfe. “In addition to the 21% year-over-year growth for the quarter, our topline for the first nine months exceeded the total revenue we reported in 2017, putting us on track to realize meaningful double-digit growth in 2018. We also shipped the remaining Avis units from our first order while beginning development efforts on several critical programs that will be covered under our next statement of work with Avis. “Our improving financial performance is due, in part, to our improvi
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