AP NEWS

I.D. Systems: 3Q Earnings Snapshot

November 8, 2018

WOODCLIFF LAKE, N.J. (AP) _ I.D. Systems Inc. (IDSY) on Thursday reported a loss of $897,000 in its third quarter.

On a per-share basis, the Woodcliff Lake, New Jersey-based company said it had a loss of 5 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.

The maker of tracking and communications technology for fleet vehicles posted revenue of $13.4 million in the period.

I.D. Systems shares have declined 17 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.76, a fall of 22 percent in the last 12 months.

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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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