text
stringlengths
198
2.89k
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. either as the service is performed or ratably over the defined contractual period for service maintenance contracts. From time to time, our payment terms may vary by the type and location of our cus...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. sales returns and changes in end user demand. Royalties: Econolite Control Products, Inc. (“Econolite”) is our licensee that sells our Autoscope video system products in the United States, Mexico,...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. for which we recognize revenue at the amount to which we have the right to invoice for services performed. 11 Inventories Inventories are primarily electronic components and finished goods and ar...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , including income that may be generated as a result of certain tax planning strategies, together with the tax effects of the deferred tax liabilities, will be sufficient to fully recover the remaini...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. We capitalize certain software development costs related to software to be sold, leased, or otherwise marketed. Capitalized software development costs include purchased materials, services, internal ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. with that product will begin to be amortized to cost of sales over the product's estimated economic selling life, using the greater of straight-line or a method that results in cost recognition in f...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ended September 30, 2022 and 2021, and we capitalized $534,000 and $178,000 of software development costs during the nine-month periods ended September 30, 2022 and 2021, respectively. Intangible a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. sheet date.  At March 31, 2022, all of our investments in debt securities were classified as held-to-maturity.  Held-to-maturity securities are those securities in which the Company has the ability ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the held-to-maturity securities and that sale being inconsistent with our former intent to hold the securities to maturity. The difference between the reclassified securities' amortized cost and fai...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financi...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. addition, ASU 2016-13 amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The FASB has issued multiple updates to ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. interim periods within those years, beginning after December 15, 2022.  AUTOSCOPE TECHNOLOGIES CORP is currently evaluating the potential impact of ASU 2016‑13 on its consolidated financial statemen...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. fair value measurements establishes the authoritative definition of fair value, sets out a framework for measuring fair value and outlines the required disclosures regarding fair value measurements....
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. entity to develop its own assumptions. Financial Instruments not Measured at Fair Value Certain of our financial instruments are not measured at fair value and are recorded at carrying amounts app...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 28 1,186 Other 635 (69 566 2,048 (100 1,948 The amortized cost and estimated fair value of available-for-sale debt securities at September 30, 2022 are summarized below by contractual maturi...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. deemed to be temporary as of September 30, 2022 (in thousands). Less than 12 months 12 months or more Total Fair value(1) Gross unrealized losses Fair value(1) Gross unrealized losses Fair v...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. include but are not limited to, financial performance, changes in underlying credit ratings, market conditions and offers to purchase or sell. (1) The fair value of the Company's available-for-sal...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ) The fair value of the Company's equity investments are determined based on readily available market data and are classified as level 1 fair value measurements. Note F: Inventories Inventories co...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Years) Wrong Way development costs 228 (228 Vision development costs 3,107 (2,267 840 8.0 Echo development costs 1,852 (706 1,146 7.0 IntellitraffiQ development costs 468 (468 Intell...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 3,107 (1,953 1,154 8.0 Echo development costs 1,852 (506 1,346 7.0 IntellitraffiQ development costs 468 (409 59 4.0 IntelliSight development costs 307 307 Total 5,962 (3,096 2,866...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. onth Periods EndedSeptember 30, 2022 2021 Beginning balance 128 141 Warranty provisions 18 30 Warranty claims (29 (35 Adjustments to preexisting warranties (5 Currency (9 (4 Ending b...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. oscope in the Reorganization.  Stock option awards are granted at exercise prices equal to the closing price of our stock on the day before the date of grant. Generally, options vest ratably over per...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. September 30, 2022 and 2021 was $329,000 and $164,000, respectively. At September 30, 2022, 603,654 shares were available for grant under the 2014 Plan. Stock Options A summary of the stock option...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 4.55 Expired Forfeited (2,000 7.10 Options outstanding at September 30, 2022 123,000 6.81 9.15 990 Options exercisable at September 30, 2022 63,000 6.74 8.97 990 Stock options to purch...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. nine-month periods ended September 30, 2022 and 2021, we recognized $163,000 and no stock-based compensation expense related to stock options, respectively. As of September 30, 2022, there was $115,...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. grant date fair value of options to purchase 120,000 shares granted for the nine months ended September 30, 2022 was $2.32. The weighted average assumptions used to determine the fair value of stock...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of the grant.  We estimate stock volatility based on a historical daily price observation.  The dividend yield assumption is based on the annualized current dividend divided by the share price on th...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. At the time of vesting of the restricted stock awards, the recipients of common stock may request to receive a net of the number of shares required for employee withholding taxes, which can be withh...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Awards outstanding December 31, 2021 18,597 5.72 Granted 24,120 5.60 Vested (33,449 5.58 Forfeited Awards outstanding at September 30, 2022 9,268 5.90 As of September 30, 2022, the total...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. stock-based compensation expense related to restricted stock awards. Note J: Income per Common Share Net income per share is computed by dividing net income (loss) by the daily weighted average nu...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. weighted common shares have been excluded from the diluted weighted shares outstanding for the three-month periods ended September 30, 2022 and 2021, respectively, and 2,000 and 2,000 weighted commo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. standing 5,391 5,349 5,378 5,338 Dilutive potential common shares 12 13 Shares used in diluted net income per common share calculations 5,395 5,361 5,387 5,351 Basic net income per commo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. distribution and regulatory environments, the operating segments have been aggregated for financial statement purposes and categorized into two reportable segments:  Intersection and Highway. Autos...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. forth selected unaudited financial information for each of our reportable segments (in thousands): Three Months Ended September 30, Intersection Highway Total 2022 2021 2022 2021 2022 2021 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Highway Total 2022 2021 2022 2021 2022 2021 Revenue 6,098 7,206 2,628 2,833 8,726 10,039 Gross profit 5,564 6,617 1,164 1,304 6,728 7,921 Amortization of intangible assets 345 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. cost structure, we initiated the closure of our wholly-owned subsidiaries, Image Sensing Systems HK Limited (ISS HK) in Hong Kong and Image Sensing Systems (Shenzhen) Limited (ISS WOFE) in China. Du...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. began the process of forming a subsidiary in Chennai, India. Autoscope Technologies India Private Limited ("Autoscope India") was legally formed on October 14, 2021. Autoscope India's operations wil...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. was made through BMO Harris Bank N.A. (the "Lender"). On April 21, 2020, the Company's Board of Directors approved the PPP Loan, and the Company signed the promissory note (the "PPP Note") evidencin...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. on the date of the PPP Note (the "Deferred Period").  AUTOSCOPE TECHNOLOGIES CORP's obligations under the PPP Note were not secured by a security interest in the Company's assets.  The PPP Note requ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the terms of the CARES Act, PPP loan recipients can apply for and be granted forgiveness for all or a portion of loans made under the PPP after 24 weeks if the recipients use the PPP loan proceeds f...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . Real Property Bank Loan On December 10, 2021, ISNS entered into a Business Loan Agreement (the "Loan Agreement") with Coulee Bank (the "Bank") and issued a promissory note to the Bank (the "Note"...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. is payable in 59 consecutive monthly payments of principal and interest of $10,566, with the first payment due on January 10, 2022 and one final payment consisting of the balance of the entire remai...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ISNS, except that in the case of an event of default of the type described in the "Insolvency" subsection of the Loan Agreement, such acceleration will be automatic and not optional.  In addition, u...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of way, and appurtenances.  The events of default under the Mortgage are similar to those under the Loan Agreement and the Note and are in addition to those under the Loan Agreement and the Note. A...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and manage the Real Property and collect the rents.  The events of default under the Assignment are similar to those under the Loan Agreement, the Note, and the Mortgage and are in addition to those...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. -term debt, excluding deferred debt issuance costs, for the next five fiscal years are as follows (dollars in thousands): Long-term Debt Maturities 2022 15 2023 60 2024 63 2025 65 2026 1,4...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and the amount of the liability can be reasonably estimated. With respect to any currently pending legal proceedings, we have not established an estimated range of reasonably possible additional los...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 9, the outbreak of a then novel strain of coronavirus, called COVID-19, originated in Wuhan, China, and has since spread worldwide, including to the U.S. To date, the COVID-19 pandemic has caused wid...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. “stay at home” rules, restrictions on types of business that may continue to operate, and restrictions on the types of construction projects that may be undertaken. Although the COVID-19 restrictio...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ; and the emergence and severity of additional COVID-19 variants. The rapid development and fluidity of this situation precludes any prediction as to the full adverse impact of the COVID-19 pandemic....
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. including staffing shortages, production slowdowns, the closure of facilities, and disruptions in delivery systems, our supply chain may be disrupted, which could limit our ability to manufacture ou...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. resulting from the COVID-19 pandemic or other developments and events could materially and adversely affect our business and the value of our common stock. 22 2. Management's Discussion and Analy...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ’s common stock automatically converted into shares of common stock of Autoscope.  As used in this Quarterly Report Form 10-Q, the "Company", "we", "us" and "our" or its management or business at any...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , 1984. General. We are a leading provider of above-ground detection products and solutions for the intelligent transportation systems (“ITS”) industry. Our family of products, which we market as A...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. a field of view. In the ITS industry, this process is a critical component of managing congestion and traffic flow. In many cities, it is not possible to build roads, bridges and highways quickly en...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. vehicles will make our ITS solutions increasingly necessary to complement existing and new roadway infrastructure to manage traffic flow and optimize throughput. We believe our solutions are techni...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the Caribbean through exclusive agreements with Econolite Control Products, Inc. (“Econolite”), which we believe is the leading distributor of ITS intersection control products in these markets. We...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Our Business We believe the expected growth in our business can be attributed primarily to the following global trends: worsening traffic caused by increased numbers of vehicles in metropolitan ar...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , safety and enforcement in developed countries; a propensity by traffic engineers to implement lower cost technology-based solutions rather than civil engineering solutions such as widening roadway...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. in March 2020 and the outbreak of new COVID-19 variants are further adding to the unpredictability of purchasing decisions, creating more delays than usual and decreasing governmental budgets, and t...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. benefit of decreasing our cost of revenues and our selling, marketing and product support expenses because these costs and expenses are borne primarily by Econolite. Although this royalty model has ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. product sales consists primarily of the amount charged by our third party contractors to manufacture hardware products, whose costs are influenced mainly by the cost of electronic components. The co...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Econolite; and general product support, where applicable. General and administrative expenses consist of certain corporate and administrative functions that support the development and sales of our ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. -GAAP financial information as supplemental information to financial measures calculated and presented in accordance with GAAP (Generally Accepted Accounting Principles in the United States). This no...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. income from operations are as follows (in thousands): Three-Month Periods Ended September 30, Nine-Month Periods Ended September 30, 2022 2021 2022 2021 Income from operations 796 709 964 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. difficult in parts of North America, Europe and northern Asia. We expect such seasonality to continue for the foreseeable future. Additionally, our international revenues regularly contain individua...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Intersection segment. RTMS and IntellitraffiQ are our radar product lines, and revenue consists of sales to external customers. Radar products are normally sold in the Highway segment. As a result ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2,597 2,687 Amortization of intangible assets 105 105 93 95 198 200 Intangible assets 1,652 1,260 1,146 1,499 2,798 2,759 Nine Months Ended September 30, Intersection Highway Total...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 345 293 258 286 602 579 Intangible assets 1,652 1,260 1,146 1,499 2,798 2,759 26 Results of Operations The following tables set forth, for the periods indicated, certain statements of ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. royalties 96.0 95.7 Selling, general and administrative 38.7 40.8 Research and development 18.4 19.7 Income from operations 25.2 21.7 Other income, net 0.0 0.0 Income tax expense 4.8...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 94.6 95.6 Selling, general and administrative 48.5 42.0 Research and development 17.6 16.7 Income from operations 11.0 20.2 Other income, net 0.0 9.2 Income tax expense 2.1 4.5 Net...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2 from $3.3 million in the same period in 2021, a decrease of 3.6%, and decreased to $8.7 million in the first nine months of 2022 from $10.0 million in the same period in 2021, a decrease of 13.1%. ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to higher Autoscope Vision product sales resulting in higher royalties, partially offset by higher component costs purchased during the second quarter of 2022. AUTOSCOPE TECHNOLOGIES CORP purchased ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. quarter and year-to-date 2022 product sales compared to product sales in the third quarter and first nine months of 2021 is primarily the result of labor shortages causing installation delays and im...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 16.8%. Revenue for the Highway segment decreased to $2.6 million in the first nine months of 2022 from $2.8 million in the first nine months of 2021, a decrease of 7.2%. Gross margin percent for roy...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 6% in the same period in 2021. The decrease in royalty gross margin percent is primarily attributable to the sourcing of higher cost components in the first quarter of 2022 to avoid manufacturing dis...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. from 44.3% in the first nine months of 2021. The decrease in product gross margin percent was primarily the result of an increase in electronic component costs during 2022 attributable to supply cha...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. .0% of total revenue, in the first nine months of 2021. The decrease in third quarter 2022 selling general and administrative expense compared to the third quarter of 2021 is primarily due to lower s...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of total revenue, in the three-month period ended September 30, 2022, and 19.7% of total revenue, in the three-month period ended September 30, 2021. Research and development expense decreased to $1...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2022 compared to the same period in 2021 is primarily due to higher capitalized software development costs in the nine-month period ended September 30, 2022 of $0.5 million compared to capitalized so...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. $0.5 million of income tax expense recorded in the nine months ended September 30, 2022 and 2021, respectively. Consolidated net income was $0.6 million, or $0.12 per basic share and diluted share,...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. prior year period. Liquidity and Capital Resources At September 30, 2022, we had $3.4 million in cash and cash equivalents compared to $8.2 million in cash and cash equivalents at December 31, 202...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ared to the prior year. Additionally, the Company agreed to advance funds to fill component gaps in Econolite's production of our Autoscope Vision cameras to avoid any future production delays. Net ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. million. Net cash used for financing activities was $2.0 million in the first nine months of 2022 compared to net cash used for financing activities of $1.3 million in the same period in 2021. The ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. alance Sheet Arrangements We do not participate in transactions or have relationships or other arrangements with an unconsolidated entity, including special purpose and similar entities, or other of...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange of 1934, as ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. a single product for most of our revenue; budget constraints by governmental entities that purchase our products, including constraints caused by declining tax revenue; the continuing ability of E...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. inability to properly manage any growth in revenue and/or production requirements; the influence over our voting stock by affiliates; our inability to hire and retain key scientific and technical ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. statements made in this report or in other announcements made by us are further qualified by the risk factors set forth in Item 1A. of our Annual Report on Form 10-K for the fiscal year ended Decemb...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. recognized on these transactions. The strengthening of the U.S. dollar relative to foreign currencies decreases the value of foreign currency-denominated revenue and earnings when translated into U...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 4 (the "Exchange Act")). Based upon that evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that, as of September 30, 2022, our disclosure controls and procedures were ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Annual Report on Form 10-K for our fiscal year ended December 31 2021, filed on March 22, 2022. You should carefully consider these risk factors in conjunction with the other information contained i...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. hibits The following exhibits are filed as part of this Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022: Exhibit Index ExhibitNumber Description 3.1 Restated Art...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 21, 2021 (File No. 0-26056). 3.3 Certificate of Designation of Series A Junior Participating Preferred Stock of Autoscope Technologies Corporation, included in Exhibit 3.1 to the Second Quarter 202...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Agreement dated February 1, 2022 among Autoscope Technologies Corporation, Image Sensing Systems, Inc. and Francis (Frank) G. Hallowell, incorporated by reference to Exhibit 10.1 to the Company’s Cu...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Proxy Statement April 17, 2014 filed by Image Sensing Systems, Inc. (File No. 0-26056).* 10.4 Autoscope Technologies Corporation 2022 Stock Option and Incentive Plan, as amended, incorporated by r...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. d herewith). 32.1 Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith). 32.2 Certification of Chief Financial Officer Pursuant to Se...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the Notes to Condensed Consolidated Financial Statements (filed herewith). Management contract or compensatory plan or agreement. 33 SIGNATURES In accordance with the requirements of the Securit...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ) 34 cik:943034 ticker:AATC name:AUTOSCOPE TECHNOLOGIES CORP exchange:OTC filing_type:10-Q
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended Dec...