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):


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


Share price of stock (one year ago)


Current valuation (as of Oct. 27, 2017)

  $98.368 million

Valuation one year ago

  $72.302 million

Stock Symbol:


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






Chris Wolfe





Ned Mavrommatis




CFO, Treasurer and Corporate Secretary


Michael L. Ehrman



 Chief Technology Officer


Curt Lloyd(1)



 Executive Vice President, Operations

(1)    Not Available

Board of Directors





Kenneth Brakebill


Retired Partner, Morrison & Foerster

Michael Brodsky


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


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

Ron Konezny


President, CEO, Director, Digi International Inc.

Chris Wolfe




Noteworthy Control



Shares of common stock owned

% of total common shares

   Lloyd I. Miller, III



 Emancipation Management LLC



 Cannell Capital LLC



  Avis Budget Group, Inc.



  Sterling Capital Management LLC




[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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