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Autoscope Technologies Corp (AATC) delivers innovative detection solutions for intelligent transportation systems through its autoscope® video and rtms radar technologies. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments shaping modern traffic management infrastructure.
Access authoritative information on product launches, strategic partnerships, and operational milestones. Our curated collection includes earnings reports, technology innovations, and regulatory filings – all critical for understanding AATC's role in advancing transportation safety and data-driven infrastructure solutions.
Key focus areas include video detection system enhancements, radar technology applications, and smart city integration projects. Stay informed about the company's progress in developing integrated monitoring solutions that address complex transportation challenges across global markets.
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Autoscope Technologies (OTCQX: AATC) has reported its Q4 and full-year 2024 financial results. Fourth quarter highlights include a 22% increase in royalties to $3.0 million, a 186% surge in product sales to $292,000, and a 222% rise in operating income to $1.5 million. However, net income decreased 32% to $761,000 due to increased tax expenses.
Full-year 2024 performance showed royalties up 2% to $13.2 million, product sales growing 148% to $429,000, and operating expenses decreasing 12% to $6.8 million. Operating income increased 33% to $6.2 million, while net income remained stable at $4.5 million. The company's cash balance decreased to $4.4 million from $6.5 million year-over-year.
The company increased its quarterly dividend to $0.15 per share in Q4 2024, up from $0.13, and paid a special one-time dividend of $1.32 per share in February 2024.
Autoscope Technologies (OTCQX: AATC) has declared a regular quarterly dividend of $0.15 per share of common stock. The dividend will be paid on February 25, 2025, to shareholders of record as of the close of business on February 18, 2025.
Autoscope Technologies specializes in above-ground detection technology and solutions for Intelligent Transportation Systems (ITS), focusing on improving safety and efficiency for cities and highways. The company provides ITS professionals with precise information, real-time reaction capabilities, and in-depth analytics to support more informed decision-making.
Autoscope Technologies (OTCQX: AATC) has announced a special one-time cash dividend of $1.05 per share of common stock. The dividend will be payable on February 3, 2025 to shareholders of record at the close of business on January 27, 2025.
The Board of Directors made this decision after reviewing the company's current financial position and business outlook, determining it was in the best interest of both the Company and its shareholders. Interim CEO Andrew Markese confirmed that the company maintains adequate capital resources to meet its business needs while paying this special dividend.
Autoscope Technologies (OTCQX: AATC) reported Q3 2024 financial results with net income of $0.25 per basic share and $0.24 per diluted share. The company increased its quarterly dividend to $0.15 per share, payable November 25, 2024. Q3 highlights include: royalties decreased 12% to $3.3 million, operating expenses decreased 12% to $1.6 million, and income from operations decreased 11% to $1.6 million. For the first nine months of 2024, royalties decreased 3% to $10.2 million, while income from operations increased 12% to $4.7 million.
Autoscope Technologies (OTCQX: AATC) reported strong financial results for Q2 2024. Net income from continuing operations was $0.28 per share for the quarter and $0.44 per share for the first half of 2024. The company declared a quarterly cash dividend of $0.13 per share. Key highlights include:
- Royalties increased to $3.70 million in Q2 2024
- Operating expenses decreased 18% to $1.7 million in Q2 2024
- Income from operations totaled $1.9 million in Q2 2024
- Gross margin improved to 95% in Q2 2024
- Cash and cash equivalents stood at $1.9 million as of June 30, 2024
The company's performance was driven by strong demand for Autoscope Vision in North America, supported by increased infrastructure funding.
Autoscope Technologies announced its financial results for the first quarter of 2024, including a 4% increase in royalties, a quarterly cash dividend of $0.13 per share, and a strong market demand for Autoscope Vision in North America due to project awards and funding from the Bipartisan Infrastructure Law.
The company reported a net income of $0.9 million for the first quarter of 2024, with a gross margin of 96%. Operating expenses remained steady at $1.9 million, and the company declared a special one-time dividend payment in February 2024.
