NJ TECH CORNER: I.D. Systems Inc.
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.]
