Image Sensing Systems Announces Third Quarter Financi... (nts speak only as of the time made and w...)

Image Sensing Systems Announces Third Quarter Financial Results

Date:10/30/2008

nts speak only as of the time made, and we assume no obligation to publicly update any such statements. Additional information concerning these and other factors that could cause actual results and events to differ materially from the Company's current expectations are contained in the Company's reports and other documents filed with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2007.

Image Sensing Systems, Inc.

Condensed Consolidated Statements of Income

(in thousands, except per share information)

(unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2008 2007 2008 2007

Revenue

Royalties $3,742 $3,041 $10,007 $7,636

North American sales 920 - 4,468 -

International sales 1,420 1,143 4,221 2,232

6,082 4,184 18,696 9,868

Cost of revenue

Cost of sales 860 536 3,468 951

Gross profit 5,222 3,648 15,228 8,917

Operating expenses

Selling, marketing

and product support 1,695 749 4,688 2,310

General and

administrative 980 710 2,883 1,832

Research and

development 701 553 2,167 1,681

Amortization of

intangible assets 192 - 576 -

3,568 2,012 10,314 5,823

Income from operations 1,654 1,636 4,914 3,094

0

GOOD

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Image Sensing Systems Announces Third Quarter Financi...(nts speak only as of the time made and w...),Health