Image Sensing Systems Announces 2020 Fourth Quarter and Full-Year Financial Results
Image Sensing Systems, Inc (ISNS)
US:NASDAQ Investor Relations:
imagesensing.com/company/investors.html
Company Research
Source: GlobeNewswire
SAINT PAUL, Minn., March 11, 2021 (GLOBE NEWSWIRE) -- Image Sensing Systems, Inc. (NASDAQ: ISNS) today announced results for its fourth quarter and year ended December 31, 2020. Fourth Quarter 2020 Financial Summary Fourth quarter royalties were $1.8 million, a decrease of 8 percent from the same period in the prior year.Fourth quarter product sales were $1.1 million, a decrease of 28 percent from the same period in the prior year.Operating expenses totaled $2.3 million in the fourth quarter of 2020, a decrease of 18 percent from the prior year period. There were no capitalized software costs in the fourth quarter of 2020 compared to $114,000 in the prior year period.Net income for the fourth quarter of 2020 totaled $365,000 compared to a net loss of $90,000 for the same period in the prior year.Cash balance increased to $8.6 million, up from $7.5 million at the end of the third quarter of 2020. 2020 Full Year Financial Summary 2020 royalties of $8.3 million were the same as th
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