Charlie Pine's questions to ISNS leadership • Q2 2015
Question
Charlie Pine of Van Clemens & Co. inquired about the company's growth opportunities following its recent repositioning and stabilization, and asked for an assessment of the Intelligent Transportation Systems (ITS) market outlook for the next 12-24 months.
Answer
Interim CEO and CFO Dale Parker explained that after rationalizing costs and selling the LPR business, the company is now focused on its core video and radar markets in North America and EMEA. Parker noted that while the lack of a long-term federal transportation bill is a headwind, stronger city and state budgets are a positive sign. He expressed confidence in the company's growth prospects, citing a good backlog, increased investment in R&D to create best-in-class products, and a projected 7-8% annual growth rate for the overall ITS market.