ID Systems (IDSY) Misses Q3 EPS by 12c

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Go back to ID Systems (IDSY) Misses Q3 EPS by 12c

I.D. Systems Reports First Quarter 2015 Financial Results

May 7, 2015 4:00 PM EDT

WOODCLIFF LAKE, N.J., May 7, 2015 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (Nasdaq: IDSY), a leading provider of wireless solutions for the Industrial Internet of Things, today reported results for the quarter ended March 31, 2015. 

First Quarter 2015 Financial Highlights

Revenue increased 14% to $11.1 million from $9.7 million in the first quarter of 2014, driven primarily by a 35% increase in revenue from the companys transportation asset management (TAM) systems.Recurring revenue was $4.5 million, or 40% of total revenue, compared to $4.3 million, or 44% of total revenue, in the first quarter of... More