Last $7.39 USD
Change Today -0.07 / -0.94%
Volume 63.8K
IDSY On Other Exchanges
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As of 8:10 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

id systems inc (IDSY) Key Developments

I.D. Systems, Inc. Receives $400,000 Order for Initial Deployment of Wireless VMS Technology for International Machinery Manufacturer

I.D. Systems Inc. has received a purchase order valued at approximately $400,000 to deploy its PowerFleet(R) wireless industrial Vehicle Management System (VMS) for global manufacturer of machinery and heavy equipment. This is a new customer for I.D. Systems. The order was generated by one of I.D. Systems' channel partners.

ID Systems Inc. Receives Follow-On Order for Wireless Industrial Vehicle Management System from Global Equipment Manufacturer

I.D. Systems Inc. received a follow-on purchase order for its PowerFleet(R) wireless industrial Vehicle Management System (VMS) from a leading multinational manufacturer of heavy equipment, a current customer. The order is valued at approximately $300,000. After implementation, I.D. Systems will have deployed its PowerFleet VMS in nine of the customer's facilities. This order represents the first deployment for the customer outside of the United States.

I.D. Systems Secures $900,000 Follow-On Orders for Wireless Vehicle Management System

I.D. Systems (IDSY) secured a series of follow-on purchase orders valued at approximately $900,000 for its PowerFleet wireless industrial Vehicle Management System (VMS) from a current customer, a global consumer packaged goods company. The transaction will enable this customer to have more than 1,500 PowerFleet systems worldwide.

ID Systems Inc. Presents at 7th Annual Global Transportation & Aerospace/Defense Conference, Sep-03-2014

ID Systems Inc. Presents at 7th Annual Global Transportation & Aerospace/Defense Conference, Sep-03-2014 . Venue: The Boston Harbor Hotel, Boston, Massachusetts, United States.

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.

 

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