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AATC — Autoscope Technologies News Story

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Autoscope Technologies Q4 revenue falls as partners draw down inventory

Overview

US traffic detection tech firm's Q4 revenue fell yr/yr as partners drew down inventory

Q4 net income declined yr/yr, mainly due to lower royalty revenues

Operating expenses fell 10% in Q4, driven by lower incentive pay and consulting fees

Outlook

Company expects royalty performance to stabilize as channel inventory levels rebalance

Result Drivers

ROYALTY REVENUE DROP - Co said Q4 royalty revenue fell as partners drew down high inventory and customers transitioned to the new Autoscope OptiVu platform

PRODUCT SALES DECLINE - Co said Q4 product sales fell mainly due to lower Wrong Way detection product sales and decreased sales in EMEA markets

Company press release: ID:nGNX1C1JCs

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Net Income$471,000
Q4 Basic EPS$0.09
Q4 Operating Expenses$1.5 mln
Q4 Operating Income$563,000
Q4 Pretax Profit$582,000
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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