Image Sensing Systems, Inc. (ISNS) 2014年年度报告「NASDAQ」.pdf

1、Annual Report 2014VideoRadarLPRLast year was a transformational year for Image Sensing Systems(ISS),yet despite some challenges,we remained focused on the future of our business and remain driven to profitability.We are especially concentrated on profitability metrics such as product gross margins,a

2、s well as reducing spending on sales,general and administrative costs.Simultaneously,we continue to judiciously invest in research and development in all of our businesses to insure we are positioned to introduce industry-leading products into our chosen markets.We are pleased with early results fro

3、m our cost reduction initiatives and with our gross margin improvement.We expect to continue to improve and align operations for a more profitable future.We continue to believe that combinations of our technology solutions are a key component to providing cities the infrastructure needed to keep tra

4、ffic moving.We are encouraged by the early adoption of our recent product launch of the RTMS Sx-300 and CitySync Metro software solution.The combination of these products provides todays traffic engineer with clarifying analytics that make data more actionable and are key modules to creating a safe

5、city.We are truly focused on being market driven and providing solutions that meet the market needs.2014:A Year of TransformationWhile we continued to make strides in starting to leverage our core competencies and the many assets we have developed,we continued to fight economic headwinds in the glob

6、al economy.We also completed the Foreign Corrupt Practices Act(FCPA)investigation into matters originating in Poland.Now that the investigation is behind us,without recommended enforcement action or fines,we can focus on taking advantage of our growth opportunities and returning the company to histo