ID Systems, Inc. (IDSY) Posts Q1 Loss of 8c/Share

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Go back to ID Systems, Inc. (IDSY) Posts Q1 Loss of 8c/Share

I.D. Systems Reports First Quarter 2014 Financial Results

May 7, 2014 4:00 PM EDT

WOODCLIFF LAKE. N.J., May 7, 2014 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (Nasdaq: IDSY), a leading provider of wireless solutions for tracking, securing and managing high-value enterprise assets, today reported results for the quarter ended March 31, 2014.

First Quarter 2014 Financial Highlights

Revenue increased 21% to $9.7 million from $8.0 million in the first quarter of 2013, driven primarily by a 42% increase in sales of the company's wireless industrial Vehicle Management Systems (VMS), across both North America and Europe, and a 5% increase in revenue from the company's transportation asset management business. Gross margin... More