I.D. Systems: 2Q Earnings Snapshot

August 8, 2018

WOODCLIFF LAKE, N.J. (AP) _ I.D. Systems Inc. (IDSY) on Wednesday reported a loss of $1.1 million in its second quarter.

The Woodcliff Lake, New Jersey-based company said it had a loss of 7 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 2 cents per share.

The maker of tracking and communications technology for fleet vehicles posted revenue of $14.8 million in the period.

I.D. Systems shares have declined almost 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.25, a decrease of 11 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IDSY at https://www.zacks.com/ap/IDSY

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