ISNS Stock: From $11.31 To $8.16 (27.85% Decrease) Pre-Market Explanation

By Amit Chowdhry ● May 4, 2021
  • The stock price of Image Sensing Systems, Inc. (NASDAQ: ISNS) fell 27.85% as it went from $11.31 to $8.16 pre-market. This is why it happened.

The stock price of Image Sensing Systems, Inc. (NASDAQ: ISNS) fell 27.85% as it went from $11.31 to $8.16 pre-market. Investors are responding negatively to the company’s first-quarter of 2021.

— First-quarter royalties were $1.8 million, a decrease of 14% from the same period in the prior year.

— First-quarter product sales were $1.2 million, an increase of 11% from the same period in the prior year.

— Operating expenses totaled $1.9 million in the first quarter of 2021, a decrease of 34% from the prior year period.

— Capitalized software costs in the first quarter of 2021 were $123,000 compared to $22,000 in the prior year period.

— The company recognized other income of $931,000 for the forgiveness of the Paycheck Protection Program loan and accrued interest during the first quarter.

— The net income for the first quarter of 2021 totaled $1.1 million compared to a net loss of $111,000 for the same period in the prior year.

— The cash balance decreased to $8.2 million at March 31, 2021, down from $8.6 million at the end of the fourth quarter of 2020.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.