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Autoscope Technologies Corp - AATC STOCK NEWS

Welcome to our dedicated page for Autoscope Technologies news (Ticker: AATC), a resource for investors and traders seeking the latest updates and insights on Autoscope Technologies stock.

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.

Bookmark this page for streamlined access to verified updates from Autoscope Technologies Corp. Regularly refreshed content ensures you maintain current awareness of this ITS innovator's market position and technological advancements.

Rhea-AI Summary
Autoscope Technologies Corporation (AATC) has announced the 2024 Annual Meeting of Shareholders to be held on February 8, 2024, as a completely virtual meeting. The record date for shareholder entitlement is January 17, 2024. Proxy materials will be delivered over the Internet.
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Autoscope Technologies Corporation (AATC) announced the retirement of Frank G. Hallowell, the Interim CEO, CFO, and Corporate Secretary, with Andrew Markese being promoted to President and CEO of ISNS and Interim CEO of AATC. Lori Schug has been promoted to CFO and Corporate Secretary of AATC and ISNS. The company has achieved financial stability and is well positioned for growth and diversification.
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Autoscope Technologies Corporation (AATC) announces a $0.13 per share quarterly cash dividend. The sale of the RTMS radar detection product line to Sensys Networks, Inc. has resulted in the discontinuation of those operations. Third-quarter 2023 saw increased demand for Autoscope Vision, driving higher royalty revenue. Net income for the third quarter of 2023 totaled $1.5 million, an increase of $0.9 million compared to the same period in the prior year. Year-to-date 2023 saw a 72% increase in revenue compared to the same period in 2022, with net income totaling $3.4 million. Cash and cash equivalents increased to $3.3 million, an increase of 176% from December 31, 2022.
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Autoscope Technologies Corporation declares regular quarterly dividend of $0.13 per share.
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Autoscope Technologies Corporation announced the sale of its RTMS radar detection product line to Sensys Networks for $4.8 million in cash.
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Autoscope Technologies Corporation's subsidiary, Image Sensing Systems, has signed an agreement to sell its RTMS radar detection product line to Sensys Networks for $4.8 million. The sale allows Autoscope to focus on growing its video detection product line.
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Autoscope Technologies Corp

OTC:AATC

AATC Rankings

AATC Stock Data

44.39M
3.25M
0.06%
Scientific & Technical Instruments
Technology
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United States
Minneapolis