Autoscope Technologies Corporation Announces Financial Results and Increases Quarterly Dividends to $0.15 per Share
AUTOSCOPE TECHS CORP (AATC)
Company Research
Source: GlobeNewswire
MINNEAPOLIS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Autoscope Technologies Corporation (OTCQX: AATC) today announced results for its quarter and nine months ended September 30, 2024. Net income from continuing operations for the quarter ended September 30, 2024, was $0.25 and $0.24 per basic and diluted share, respectively. Net income from continuing operations for the nine months ended September 30, 2024, was $0.69 per basic and diluted share. 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 November 25, 2024 to the shareholders of record at the close of business on November 18, 2024. Third Quarter 2024 Financial Summary Royalties decreased 12 percent in the third quarter of 2024 to $3.3 million compared to $3.8 million in the same period in the prior year.Operating expenses from continuing operations decreased 12 percent to $1.6 million in the third quarter of 2024 compared to $1.8
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