AATC - Autoscope Technologies reports Q4 results

2023-04-17 18:07:20 ET

• Autoscope Technologies press release ( OTCQX:AATC ): Autoscope Technologies Corporation  announced an update on recent unaudited financial results.

• Fourth Quarter 2022 Financial Summary:

• Royalties were $2.4 million, an increase of 34 percent from the same period in the prior year

• Product sales were $1.3 million, a decrease of 9 percent from the same period in the prior year

• The 2022 fourth quarter revenue for Autoscope Technologies Corporation ("AATC" or the "Company"), which includes the results of Image Sensing Systems, Inc., a wholly owned subsidiary of AATC, was $3.7 million compared to $3.2 million in the fourth quarter of 2021.

• Revenue from royalties was $2.4 million in the fourth quarter of 2022 compared to $1.8 million in the fourth quarter of 2021, a 34 percent increase.

• First Quarter 2023 Financial Summary:

• The 2023 first quarter revenue for the Company was $3.8 million compared to $2.8 million in first quarter of 2022. Revenue from royalties was $3.0 million in the first quarter of 2023 compared to $1.8 million in the first quarter of 2022, a 65 percent increase.

• Royalties were $3.0 million, an increase of 65 percent from the same period in the prior year

• Product sales were $0.8 million, a decrease of 14 percent from the same period in the prior year

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