Image Sensing Systems, Inc. (ISNS) 2010年年度报告「NASDAQ」.pdf

1、Annual Report 2010.Autoscope ENCORECitySync JetCam Fox HDRTMS G4Image Sensing Systems,Inc.enhance our management depth as well as our engineering and sales capabilities.Management positions that have either been recruited and/or are in transition include among,others:Senior VP of Sales and Marketing

2、 Managing Director of ISS-Europe Managing Director of Flow Traffic(Asia)This reinvigoration of our core senior management base makes us even more bullish on our prospects going forward.Financial ResultsIn 2010 the company experienced another strong year for revenues and operating profits.Year-on-yea

3、r revenues were lifted and rose some 29%,but owing primarily to one time costs sustained in the acquisition of CitySync as well as intangible amortization,there was an attendant decline in GAAP income.However,on a non-GAAP basis,2010 full-year net income showed an increase of 12%.We believe our emph

4、asis on firm cost management coupled with continued full resourcing of our key development initiatives,especially those focused on manufacturing cost reduction,have positioned us well for the anticipated full recovery.Revenue for fiscal year 2010 was$31.7 million compared to$24.6 million for fiscal

5、2009.Revenue from royalties was$12.5 million in fiscal year 2010 compared to$12.1 million in 2009.Product sales were$19.2 million for fiscal year 2010 compared to$12.5 million in 2009.Net income for fiscal year 2010 was$3.0 million($0.64 per diluted share)compared to$3.9 million($0.95 per diluted sh

6、are)for fiscal 2009.The For ISS,2010 was a year of challenges,due to the transitional state of the economy which seemingly continues a protracted and drawn-out improvement trend in fits and starts,and a year of excitement,with our market expansion activities,including the acquisition of CitySync,a c