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Autoscope Technologies Corporation Announces Financial Results, Dividend Declaration and 2025 Annual Meeting of Shareholders
AATCAUTOSCOPE TECHNO(AATC) GlobeNewswire·2025-05-08 20:10

Core Insights - Autoscope Technologies Corporation reported a quarterly cash dividend of 0.15pershare,payableonMay27,2025[1]−Thecompanyexperiencedasignificantdecreaseinrevenueandnetincomeforthefirstquarterof2025comparedtothesameperiodin2024[4][9]FinancialPerformance−Revenuefromoperationswas0.15 per share, payable on May 27, 2025 [1] - The company experienced a significant decrease in revenue and net income for the first quarter of 2025 compared to the same period in 2024 [4][9] Financial Performance - Revenue from operations was 2.2 million in Q1 2025, a 30% decrease from 3.1millioninQ12024[4]−Royaltyrevenuedecreasedby323.1 million in Q1 2024 [4] - Royalty revenue decreased by 32% to 2.1 million in Q1 2025 from 3.1millioninQ12024[8]−Productsalesincreasedby3193.1 million in Q1 2024 [8] - Product sales increased by 319% to 67,000 in Q1 2025 from 16,000inQ12024,drivenbysalesoftheWrongWayproductandAutoscopeAnalytics[4]−Grossmarginimprovedto9816,000 in Q1 2024, driven by sales of the Wrong Way product and Autoscope Analytics [4] - Gross margin improved to 98% in Q1 2025 from 96% in Q1 2024, with royalty gross margin at 100% compared to 97% in the prior year [5] - Operating expenses decreased by 9% to 1.7 million in Q1 2025 from 1.9millioninQ12024[6]−Netincomefellby581.9 million in Q1 2024 [6] - Net income fell by 58% to 0.4 million in Q1 2025, or 0.07pershare,downfrom0.07 per share, down from 0.9 million, or 0.16pershare,inQ12024[9]LiquidityandCapitalResources−Cashandcashequivalentsdecreasedto0.16 per share, in Q1 2024 [9] Liquidity and Capital Resources - Cash and cash equivalents decreased to 0.6 million as of March 31, 2025, from 4.4milliononDecember31,2024,primarilyduetoaspecialdividendpaidinFebruary2025[10]−Netcashprovidedbyoperatingactivitieswas4.4 million on December 31, 2024, primarily due to a special dividend paid in February 2025 [10] - Net cash provided by operating activities was 1.0 million in Q1 2025, compared to a net cash used of 34,000inQ12024[11]−Netcashprovidedbyinvestingactivitieswas34,000 in Q1 2024 [11] - Net cash provided by investing activities was 1.9 million in Q1 2025, down from 3.1millioninQ12024[12]−Netcashusedbyfinancingactivitiesdecreasedto3.1 million in Q1 2024 [12] - Net cash used by financing activities decreased to 6.6 million in Q1 2025 from $7.9 million in Q1 2024, attributed to a lower special dividend [13] Strategic Outlook - The company remains focused on operational efficiency and long-term value creation, with positive engagement from communities analyzing roadway behavior [14] - Economic uncertainties contributed to the anticipated decrease in royalty revenue, but the company believes these will have minimal impact for the remainder of the year [14]