NJ TECH CORNER: I.D. Systems Inc.
Photo: Chris Wolfe, CEO of I.D. Systems Photo Credit: Chris Wolfe via LinkedIn
Chris Wolfe, CEO of I.D. Systems | Chris Wolfe via LinkedIn

Company Overview

I.D. Systems, Inc. (NASAQ: IDSY) develops, markets and sells wireless machine-to-machine solutions for managing and securing high-value enterprise assets. That includes industrial vehicles such as forklifts and airport ground support equipment, rental vehicles, and transportation assets such as dry van and refrigerated trailers, railcars and containers. The company’s systems utilize radio frequency, identification (RFID), Wi-Fi, satellite or cellular communications, and sensor technology and software. Founded in 1993, the Woodcliff Lakes-based company has a workforce of 100 employees in the U.S. and Europe.

Investment & Financial Information

 

Shares of common stock outstanding (as of April 24, 2017):

14,072,714

Share price of stock (as of Oct. xx, 2017 )

  $6.99

Share price of stock (one year ago)

  $5.23

Current valuation (as of Oct. 27, 2017)

  $98.368 million

Valuation one year ago

  $72.302 million

Stock Symbol:

IDSY

Revenues  (as of Dec. 31, 2016)

$36.822 million

Revenues (previous year)

$41.784 million

Net Income (Loss) (as of Dec. 31,2016)

($6.370 million)

Net Income (Loss) (previous year)

($9.952 million)

Management Team

 

Name

Age

Title

 

Chris Wolfe

 59

 CEO

 

 

Ned Mavrommatis

 46

 

 

CFO, Treasurer and Corporate Secretary

 

Michael L. Ehrman

 44

 

 Chief Technology Officer

 

Curt Lloyd(1)

 N/A

 

 Executive Vice President, Operations

(1)    Not Available


Board of Directors

 

Name

Age

Title

Kenneth Brakebill

47

Retired Partner, Morrison & Foerster

Michael Brodsky

49

Chairman of the Board; Managing Partner, Vajra Asset Management, LLC; Chairman of the Board, Determine Inc.; Chairman of the Board and Director, Trans World Corporation; Director, Genesis Land Development Corporation; Director, Spark Networks, Inc.

Michael Casey

54

Partner, TechCXO LLC; Director and Chairperson of Audit Committee, Determine, Inc.; Director, Revegy, Inc.; Director, Servis First Bank of Atlanta

Ron Konezny

49

President, CEO, Director, Digi International Inc.

Chris Wolfe

59

CEO

 

Noteworthy Control

 

Name

Shares of common stock owned

% of total common shares

   Lloyd I. Miller, III

  1,960,438

 13.93%

 Emancipation Management LLC

 1,905,949

 13.54%

 Cannell Capital LLC

 1,198,276

 8.51%

  Avis Budget Group, Inc.

  1,000,000

  7.11%

  Sterling Capital Management LLC

  844,068

  6.00%

 

[All information for NJ Tech Corner was taken from the company's annual reports and proxy statements and other company sources, with the exception of the company's stock price and valuation.]

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