I.D. Systems Profile

I.D. Systems, Inc. develops and produces wireless monitoring and tracking products that utilize its radio frequency-based system. The Company also develops, markets and sells wireless solutions for managing and securing high-value enterprise assets. Its Wireless Asset Net system, which utilizes radio frequency identification technology, addresses the needs of organizations to control, track, monitor and analyze their assets. I.D. Systems focuses its business activities on two primary applications, industrial fleet management and security, and rental fleet management. Its solution for industrial fleet management and security helps to improve security at industrial facilities and areas of critical infrastructure, such as airports, by controlling access to, and restricting the use of, vehicles and equipments. The Company's solution for rental fleet management allows rental car companies to improve customer service by expediting the rental process. For the three months ended 31 March 2006, I.D. Systems, Inc.'s revenues totaled $6.4M, up from $3M. Net income totaled $125K vs. a loss of $635K. Revenues reflect an increase in revenue due to increased sales to the U.S. Postal Service. Net Income also reflects lower research & development expense as a percentage of revenue, higher net interest income due to increase in interest rate & investment and reduction in outstanding debt.