ID Systems (IDSY) Misses Q2 EPS by 12c
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I.D. Systems Reports Second Quarter 2015 Financial Results
August 3, 2015 4:00 PM EDTWOODCLIFF LAKE, N.J., Aug. 03, 2015 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless solutions for the Industrial Internet of Things, reported results for the second quarter ended June 30, 2015.Â
Second Quarter 2015 Financial Highlights
Revenue decreased 13% to $9.9 million from $11.4 million in the second quarter of 2014, primarily due to a 32% decrease in vehicle management systems (VMS) revenue as the company transitioned sales and deployments to its new VAC4 product and pricing model. The decline was partially offset by a 16% increase in service... More