I.D. Systems, Inc. develops, markets, and sells wireless machine-to-machine solutions primarily in North America. The company provides integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, monitor, track, and analyze industrial and rental vehicles, as well as transportation assets. It offers industrial truck asset management and connected vehicles products, including on-asset hardware with mounting and user-interface options that provide an autonomous means of asset control and monitoring; wireless asset managers that link the mobile assets being monitored with the customer's computer network or to a remotely hosted server; server software, which manages data communications between the system's database and wireless asset managers or on-asset hardware; and client software. It also offers transportation asset management products comprising on-asset hardware configurations to address various remote asset types; VeriWise Intelligence Portal, a hosted Website that provides Internet access to client asset information; and a direct data feed through XML or Web services. In addition, I.D. Systems, Inc. offers hardware and software solutions, as well as hosting, maintenance, and support and consulting services; and Software as a Service covering system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and software updates services. The company markets and sells its wireless solutions directly to commercial and government sectors in automotive manufacturing, retail, shipping, freight transportation, heavy industry, wholesale distribution, aerospace and defense, homeland security, and vehicle rental markets, as well as through indirect sales channels, such as original equipment manufacturers and industrial equipment dealers. I.D. Systems, Inc. was founded in 1993 and is based in Woodcliff Lake, New Jersey.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Communications equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:IDSY
CUSIPN/A
Phone201-996-9000
Debt
Debt-to-Equity RatioN/A
Current Ratio1.62
Quick Ratio1.41
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$40.95 million
Price / Sales2.71
Cash FlowN/A
Price / CashN/A
Book Value$1.89 per share
Price / Book3.31
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-3,870,000.00
Net Margins-7.07%
Return on Equity-9.52%
Return on Assets-5.07%
Miscellaneous
Employees117
Outstanding Shares17,750,000
Market Cap$107.41 million
I.D. Systems (NASDAQ:IDSY) Frequently Asked Questions
What is I.D. Systems' stock symbol?
I.D. Systems trades on the NASDAQ under the ticker symbol "IDSY."
How were I.D. Systems' earnings last quarter?
I.D. Systems, Inc. (NASDAQ:IDSY) issued its earnings results on Wednesday, August, 8th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.03. The communications equipment provider earned $14.81 million during the quarter, compared to analysts' expectations of $14.50 million. I.D. Systems had a negative return on equity of 9.52% and a negative net margin of 7.07%. View I.D. Systems' Earnings History.
When is I.D. Systems' next earnings date?
What price target have analysts set for IDSY?
5 brokerages have issued 1 year target prices for I.D. Systems' shares. Their forecasts range from $8.50 to $10.00. On average, they anticipate I.D. Systems' share price to reach $9.32 in the next twelve months. This suggests a possible upside of 48.9% from the stock's current price. View Analyst Price Targets for I.D. Systems.
What is the consensus analysts' recommendation for I.D. Systems?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for I.D. Systems in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for I.D. Systems.
What are Wall Street analysts saying about I.D. Systems stock?
Here are some recent quotes from research analysts about I.D. Systems stock:
- 1. LADENBURG THALM/SH SH analysts commented, "We spent time with IDSY management last week, and the company continues to reiterate the commentary from the early August earnings call regarding Avis (CAR, $31.81, Not Rated). As a reminder, IDSY is in the final stages of deploying the initial 50,000 unit order for the Unified Telematics Platform (UTP) hardware on Avis rental vehicles. Though there was a July 19th deadline for Avis to re-up for another 50,000 units if it wanted to maintain exclusivity, the company continues to be in negotiations. The deployment of the first units has gone extremely well with quick installations and high utilization rates in the field." (9/12/2018)
- 2. National Securities analysts commented, "IDSY is an unsung contender in the market for Industrial IoT (IIoT). IDSY has a significant platform selling fleet telematics, with an increasing focus on logistics visibility. It also has the market leading position in industrial truck management (on-campus telematics). We think this business will increasingly favor the larger scale vendors with mature software products and allow IDSY to capture market share.
We think the markets served are large and attractive. Logistics telematics historically focused on asset tracking, a maturing market. However a transition to freight tracking provides an opportunity for differentiation and market share gains. Meanwhile, we think the highly fragmented market opportunity in industrial trucks is in the hundreds of millions. The captive opportunity with Avis for rental vehicle tracking adds $10+ million to the annual revenue opportunity if deployed across the fleet.
Losses are narrowing and we expect adjusted EBITDA to turn positive in 2018. IDSY reported a non-GAAP net loss of $2 million in 2016, $0.5 million in 2017, and a $0.2 million profit through 2Q:18. We model adjusted EBITDA of $0.3 million in 2018, up from a loss of $0.3 million in 2017 and $4 million in 2016. We expect these positive earnings trends will continue with revenue growth.
We initiate coverage of IDSY with a BUY rating and $8.60 Price Target. Peers trade around a 3.0x EV/TTM revenue. IDSY maintains superior gross margins with upside as software content in the mix expands. With positive trends in play across all segments and profitability emerging, we apply a 2.4x multiple to our 2019 revenue estimate to arrive at an $8.60 price target." (8/27/2018)
- 3. According to Zacks Investment Research, "I.D. Systems Inc is a leading provider of wireless solutions for corporate asset management. I.D. Systems' customers include 3M Company, American Axle, Archer Daniels Midland, Daimler Chrysler, Deere & Co., Ford Motor Company, General Dynamics, Hallmark Cards, Northrop Grumman, Target Corporation, Walgreen Co., the U.S. Navy, the U.S. Postal Service, and the U.S. Transportation Security Administration, among others. The company's systems enable management to control and track the location and status of their assets in real time. " (8/15/2018)
Who are some of I.D. Systems' key competitors?
Some companies that are related to I.D. Systems include ADVA Optical Networking (ADVOF), Inseego (INSG), Napco Security Technologies (NSSC), Turtle Beach (HEAR), Iteris (ITI), UTStarcom (UTSI), Magal Security Systems (MAGS), 5Barz International (BARZ), Risk (George) Industries (RSKIA), Novume Solutions (NVMM), Grow Condos (GRWC), Ability (ABIL), Track Group (TRCK), xG Technology (XGTI) and True Nature (TNTY).
Who are I.D. Systems' key executives?
I.D. Systems' management team includes the folowing people:
- Mr. Chris Adam Wolfe, CEO & Director (Age 60)
- Mr. Ned Mavrommatis, CFO, Treasurer & Corp. Sec. (Age 47)
- Mr. Michael L. Ehrman, Chief Technology Officer (Age 46)
- Mr. Curt Lloyd, Exec. VP of Operations
- Mr. Roger Tenney, Sr. VP of Client Services
Has I.D. Systems been receiving favorable news coverage?
Media headlines about IDSY stock have trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. I.D. Systems earned a daily sentiment score of 0.18 on Accern's scale. They also assigned news headlines about the communications equipment provider an impact score of 46.57 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for I.D. Systems.
Who are I.D. Systems' major shareholders?
I.D. Systems' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Cannell Capital LLC (11.80%), Ardsley Advisory Partners (2.49%), Dimensional Fund Advisors LP (1.11%), Fairpointe Capital LLC (0.71%) and Cannell Peter B & Co. Inc. (0.17%). Company insiders that own I.D. Systems stock include Cannell Capital Llc, Chris Adam Wolfe, Emancipation Management Llc, Lloyd I Miller III and Michael L Ehrman. View Institutional Ownership Trends for I.D. Systems.
Which institutional investors are selling I.D. Systems stock?
IDSY stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP. Company insiders that have sold I.D. Systems company stock in the last year include Emancipation Management Llc and Michael L Ehrman. View Insider Buying and Selling for I.D. Systems.
Which institutional investors are buying I.D. Systems stock?
IDSY stock was acquired by a variety of institutional investors in the last quarter, including Cannell Capital LLC, Ardsley Advisory Partners, Fairpointe Capital LLC and Cannell Peter B & Co. Inc.. Company insiders that have bought I.D. Systems stock in the last two years include Cannell Capital Llc, Chris Adam Wolfe, Emancipation Management Llc and Lloyd I Miller III. View Insider Buying and Selling for I.D. Systems.
How do I buy shares of I.D. Systems?
Shares of IDSY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is I.D. Systems' stock price today?
One share of IDSY stock can currently be purchased for approximately $6.26.
How big of a company is I.D. Systems?
I.D. Systems has a market capitalization of $107.41 million and generates $40.95 million in revenue each year. I.D. Systems employs 117 workers across the globe.
How can I contact I.D. Systems?
I.D. Systems' mailing address is 123 TICE BOULEVARD, WOODCLIFF LAKE NJ, 07677. The communications equipment provider can be reached via phone at 201-996-9000 or via email at [email protected]
MarketBeat Community Rating for I.D. Systems (NASDAQ IDSY)
MarketBeat's community ratings are surveys of what our community members think about I.D. Systems and other stocks. Vote "Outperform" if you believe IDSY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IDSY will underperform the S&P 500 over the long term. You may vote once every thirty days.
