ID Systems (IDSY) Tops Q3 EPS by 3c

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Go back to ID Systems (IDSY) Tops Q3 EPS by 3c

I.D. Systems Reports Third Quarter 2015 Financial Results

November 4, 2015 4:00 PM EST

WOODCLIFF LAKE, N.J., Nov. 04, 2015 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless solutions for the Industrial Internet of Things, reported results for the third quarter ended September 30, 2015. 

Third Quarter 2015 Financial Results

Revenue increased 7% to $10.6 million from $9.9 million in the prior quarter, and decreased 10% from $11.7 million in the third quarter of 2014. The year-over-year decrease was primarily due to a 35% decrease in Vehicle Management Systems (VMS) revenue as the company transitioned sales and deployments to its new VAC4 product and pricing model.

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