Autoscope Technologies Corporation Announces Financial Results and Dividend Declaration

Financial Performance Summary - Autoscope Technologies Corporation reported a net income of $0.14 per share for the second quarter of 2025, down from $0.28 per share in the same period of 2024 [8][13] - For the first six months of 2025, net income was $0.21 per share, compared to $0.44 per share in the first half of 2024 [13] - The company declared a quarterly cash dividend of $0.15 per share, payable on August 25, 2025 [1] Revenue Analysis - Total revenue for the second quarter of 2025 was $2.9 million, a 24% decrease from $3.8 million in the second quarter of 2024 [4] - Revenue from royalties in the second quarter of 2025 was $2.8 million, also a 24% decrease from $3.7 million in the same period of 2024 [4][9] - Product sales were $31,000 in the second quarter of 2025, a significant 56% decrease from $71,000 in the second quarter of 2024 [4] Gross Margin and Operating Expenses - Gross margin for the second quarter of 2025 was 98%, up from 95% in the same period of 2024 [5] - Operating expenses remained unchanged at $1.7 million in the second quarter of 2025 compared to the same period in 2024 [6] Year-to-Date Financials - For the first six months of 2025, total revenue was $5.0 million, a 27% decrease from $6.9 million in the first half of 2024 [9] - Year-to-date net income decreased 53% to $1.1 million compared to $2.4 million in the first six months of 2024 [13] - The cash balance increased to $2.4 million at June 30, 2025, compared to $609,000 at the end of the first quarter of 2025 [9] Management Commentary - The decrease in royalty revenue is attributed to a strategic product transition and broader macroeconomic factors, with expectations for Autoscope Vision royalties to rank among the top three years in the platform's history [15]