Last $5.30 USD
Change Today +0.02 / 0.38%
Volume 19.1K
IDSY On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GM
As of 8:10 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

id systems inc (IDSY) Key Developments

ID Systems Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

ID Systems Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue was $11,413,000 compared to $9,370,000 for the same period a year ago. The increase was attributable primarily to increased sales of the company's industrial vehicle management systems (VMS), which grew 41% year over year. Loss from operations was $1,870,000 compared to $1,868,000 for the same period a year ago. Net loss was $1,705,000 or $0.14 per basic and diluted share compared to $1,707,000 or $0.14 per basic and diluted share for the same period a year ago. Non-GAAP loss was $1,120,000 or $0.09 per basic and diluted share compared to $851,000 or $0.07 per basic and diluted share for the same period a year ago. As of June 30, 2014, the company had $14.6 million in cash, cash equivalents and marketable securities, and no debt, compared to $14.1 million as of December 31, 2013, and $13.4 million as of March 31, 2014. For the six months, the company reported revenue was $21,149,000 compared to $17,384,000 for the same period a year ago, due primarily to increased revenue from the company's VMS business, which grew 42% year over year. Loss from operations was $4,856,000 compared to $4,688,000 for the same period a year ago. Net loss was $4,536,000 or $0.38 per basic and diluted share compared to $4,329,000 or $0.36 per basic and diluted share for the same period a year ago. Non-GAAP loss was $2,067,000 or $0.17 per basic and diluted share compared to $2,681,000 or $0.23 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $799,000 compared to net cash used in operating activities of $501,000 for the same period a year ago. Expenditures for fixed assets including website costs were $284,000 compared to $213,000 for the same period a year ago. Purchase of investments was $3,956,000 compared to $3,677,000 for the same period a year ago.

Knight Transportation Expands Deployment of Trailer Fleet Management Solutions from I.D. Systems

I.D. Systems Inc. has executed a contract with Knight Transportation Inc. to expand Knight's deployment of VeriWise(TM) trailer management solutions from I.D. Systems' Asset Intelligence subsidiary. Knight will add more than 400 tracking systems to its trailer fleet under the contract, including VeriWise Reefer Control systems for refrigerated trailers and VeriWise Dry Van systems, with cargo sensing, for dry van trailers.

I.D. Systems, Inc. Appoints Norman L. Ellis as Chief Operating Officer

I.D. Systems Inc. announced that Norman L. Ellis has been appointed to serve as the Chief Operating Officer, effective as of July 21, 2014. Prior to joining ID Systems Inc., from November 2013 until June 2014, Mr. Ellis served as Vice President Sales, Services and Marketing for Omnitracs Inc. From 2008 until November 2013, Mr. Ellis served as Vice President Sales, Services and Marketing for Qualcomm.

ID Systems Inc. to Report Q2, 2014 Results on Aug 07, 2014

ID Systems Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 07, 2014

ID Systems Inc., Q2 2014 Earnings Call, Aug 07, 2014

ID Systems Inc., Q2 2014 Earnings Call, Aug 07, 2014

 

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