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Autoscope Technologies Corporation Announces Financial Results, Dividend Declaration and 2025 Annual Meeting of Shareholders
Autoscope Technologies Corporation Announces Financial Results, Dividend Declaration and 2025 Annual Meeting of Shareholders.
About this update from Autoscope Technologies Corporation
[{"type":"text","content":"\r\n\r\n \r\n \r\n Autoscope Technologies Corporation Announces Financial Results, Dividend Declaration and 2025 Annual Meeting of Shareholders\r\n \r\n \r\n\r\n\r\nAutoscope Technologies Corporation Announces Financial Results, Dividend Declaration and 2025 Annual Meeting of Shareholders\r\n\r\n\r\n\r\n\r\n\r\nMINNEAPOLIS, May 08, 2025 (GLOBE NEWSWIRE) -- Autoscope Technologies Corporation (“AATC” or the “Company”) (OTCQX: AATC) today announced results for its quarter ended March 31, 2025. The Board of Directors has authorized and declared a quarterly cash dividend of $0.15 per share of its common stock. The dividend is payable on May 27, 2025 to the shareholders of record at the close of business on May 19, 2025. The Company also announced today that its Board of Directors will be holding the 2025 Annual Meeting of Shareholders on Thursday, June 5, 2025, at 10:00 a.m. Central Daylight Time. The annual meeting will be a completely virtual meeting of shareholders, which will be conducted via the Internet. The Board of Directors has fixed the close of business on April 21, 2025 as the record date for the determination of shareholders entitled to notice of and to vote at the annual meeting. Delivery of the proxy materials will be over the Internet. A Notice of Internet Availability of Proxy Materials has been made available to shareholders. The proxy statement, proxy card, and information about the annual meeting are available in the Disclosure section under Autoscope’s profile on the OTCQX at https://www.otcmarkets.com/stock/AATC/disclosure, as well as in the Financial Information section of Autoscope’s website at https://autoscope.com/financial-information.html. First Quarter 2025 Financial Summary \r\n Royalties decreased 32 percent to $2.1 million in the first quarter of 2025 compared to $3.1 million in the same period in the prior year.\r\n Operating expenses decreased 9 percent to $1.7 million in the first quarter of 2025 compared to $1.9 million in the same period in the prior year.  \r\n Income from operations decreased 60 percent to $0.4 million in the first quarter of 2025 compared to $1.1 million in the same period in the prior year.\r\n Net income decreased 58 percent to $0.4 million in the first quarter of 2025 compared to $0.9 million in the same period in the prior year...