Image Sensing Systems, Inc. (ISNS) 2015年年度报告「NASDAQ」.pdf

1、Annual Report 2015We are encouraged by Image Sensing Systems performance in 2015.We met,or exceeded,our internal expectations for several of our key operating metrics,including operating expense management and margin levels.We achieved these results while we continued to invest in our future and enh

2、ance our product and service offering.We believe that the steps we have taken in 2015 will help position the company for sustainable growth.Last year we concentrated on profitability metrics such as product gross margins as well as spending on sales,general and administrative costs.Simultaneously,we

3、 continue to judiciously invest in research and development to insure we are positioned for the future.Since last year,our operating expenses,as compared to revenue,improved approximately 28 percentage points and our gross margin from continuing operations for the year was 77 percent,an increase of

4、200 basis points from the prior year.We expect to continue to improve and align operations to meet world-wide demand levels and for a more profitable future.2015-A Year of Transition and FocusWe remain focused on the future of our business and restoring profitability levels,in 2015 we made the decis

5、ion to sell our license plate recognition(LPR)business to TagMaster AB.We decided to shift our strategic direction on the Intelligent Transportation Systems(ITS)market by investing in our Autoscope video and RTMS radar products and solutions.We are concentrating on leveraging these core competencies

6、.We believe the ITS market will continue to grow.As agencies accelerate transition from in-ground technologies,we believe our products are the best alternative.With the sale of our LPR business,we gained a renewed energy for our video and radar products and solutions.We believe that our combination