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Image Sensing Systems Announces Third Quarter Financial Results
Date:10/30/2008

September 30, December 31,

2008 2007

Assets

Current assets

Cash and cash equivalents $7,673 $10,876

Receivables, net 5,945 4,997

Inventories 2,090 1,579

Prepaid expenses and deferred taxes 357 370

16,065 17,822

Property and equipment, net 652 700

Investments, net of valuation

allowance (restricted) 4,951 -

Deferred income taxes 1,893 1,676

Goodwill and intangible assets, net 9,564 10,140

$33,125 $30,338

Liabilities and Shareholders' Equity

Current liabilities

Accounts payable and accrued expenses $ 1,928 $ 2,029

Bank debt, current 1,000 5,000

Income taxes payable 463 -

3,391 7,029

Bank debt, long-term 3,000 -

Income taxes payable - 84

Shareholders' equity 26,734 23,225

$33,125 $30,338

Image Sensing Systems, Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

Nine Months Ended


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SOURCE Image Sensing Systems, Inc.
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