The Company's sells hardware, software, maintenance, support, and consulting services. The Company's solutions are divided into three categories: industrial vehicle management, transportation asset management, and rental fleet management.
I.D. Systems, Inc. develops, markets, and sells wireless machine-to-machine solutions in the United States and internationally. The company offers integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, track, monitor, and analyze industrial vehicles, rental vehicles, and transportation assets. It provides industrial and rental fleet asset management products, including on-asset hardware with mounting and user-interface options that provide an autonomous means of asset control and monitoring; wireless asset managers that link the mobile assets being monitored with the customer's computer network or to a remotely hosted server; server software, which manages data communications between the system's database and wireless asset managers or on-asset hardware; and client software. The company also offers transportation asset management products comprising on-asset hardware configurations to address various remote asset types; VeriWise Intelligence Portal, a hosted Website that provides Internet access to client asset information; and a direct data feed through XML or Web services. In addition, it provides hosting, maintenance, and customer support and consulting services, as well as software as a service. The company markets and sells its solutions directly to commercial and government sectors in automotive manufacturing, retail, shipping, freight transportation, heavy industry, wholesale distribution, aerospace and defense, homeland security, and vehicle rental markets, as well as through original equipment manufacturers and industrial equipment dealers. I.D. Systems, Inc. was founded in 1993 and is headquartered in Woodcliff Lake, New Jersey.
(Summary) (Company) (Chart)
1 January 2017
1yr Target $8.20
Payout Ratio 0.00%
1yr Cap Gain 18.15%
1yr Tot Return 18.15%
EPS (ttm) $-0.38
EPS next yr $0.37
Forward P/E 18.76
EPS next 5yr 30.00%
1yr Price Support $11.10
Market Cap $119.23 Mil
Revenues $39.00 Mil
Earnings $-5.10 Mil
Profit Margin ---
Quick Ratio 1.30
Current Ratio 1.50
1yr RevGR -11.88%
3yr RevGR -2.66%
5yr RevGR -1.30%
1yr EarnGR ---
3yr EarnGR ---
5yr EarnGR ---
1yr DivGR ---
3yr DivGR ---
5yr DivGR ---
Vehicle Management Systems. ID Systems' industrial vehicle management systems are used by manufacturers, distributors, retailers, government entities, and other organizations with powered industrial trucks (forklifts, tow tractors, pallet jacks, etc.) to monitor and evaluate fleet operations, track vehicle movement, and manage vehicle operators. The system consists of four elements: a wireless computer installed on the vehicle, wireless communication nodes placed within the facility, system software hosted either on site or in a remote data center, and user software configured in either a client-server or thin-client architecture. Data may be transmitted by any combination of Wi-Fi, cellular or UHF wireless technologies.
The company offers three systems for industrial vehicle management. didBox is a non-wireless system for driver identification. PowerBox™ and PowerFleet® are wireless systems with functions ranging from operator access control, electronic safety checklists, and impact management to location tracking, battery management, maintenance scheduling, and task dispatching.
The company's customers in the industrial vehicle management market include Ford Motor Company, Nestlé North America, Procter & Gamble, Toyota, and Walmart (which accounted for 15% of the company's 2012 revenues).
I.D. Systems provides a variation of its industrial vehicle management system designed specifically for ground support equipment (pushback tractors, baggage tugs, cargo loaders, catering vans, fuel trucks, etc.) and other vehicles that operate in and around airports.
This system, branded AvRamp®, was developed with funding from the U.S. Transportation Security Administration (TSA) and tested by the TSA at Newark Liberty International Airport and the JAXPORT seaport in Jacksonville, Florida. The company's customers in the airport vehicle management market include Envoy Air and American Airlines.
Transportation Asset Management. I.D. Systems' Asset Intelligence subsidiary provides asset management solutions for the freight transportation industry under the VeriWise brand. The VeriWise product line includes a range of telematics solutions for tracking the location and monitoring the condition and status of dry van trailers, refrigerated trailers, flatbeds, chassis, containers, and railcars.
For managing fleets of dry van trailers and containers, the company offers a product called VeriWise Track and Trace for location tracking, a cargo sensor to monitor load status, and a motion sensor to detect trailer movement. The company also offers a temperature sensor to monitor the condition of reefers and an impact sensor to track collisions of railcars.
To manage these transportation assets, VeriWise™ products leverage satellite and cellular communications and web-based data processing technologies. Users access the information about their assets through a remotely hosted website called VeriWise™ Internet Portal (VIP), which generates reports and displays tabular data and a Google map interface. The company's customers in the transportation asset management market include FAB Express, Forward Air, Freymiller, National Retail Systems, and Royal Freight.
Rental Vehicle Management. In 2011, I.D. Systems and Avis Budget Group signed an exclusive agreement to deploy I.D. Systems' wireless vehicle management technology on more than 25,000 Avis Budget vehicles, enabling Avis customers to self-manage their rentals by computer or smartphone. The technology can also automate and expedite the rental and return process, track vehicle mileage, measure fuel consumption, and remotely control a vehicle's door locks.
My Approach to this I.D. Systems
This is a rather small company and one I wouldn't normally invest in. Looking at the company's fundamentals and its stock chart, IDSY suddenly becomes a little more interesting. I realize that sales haven't been trending higher these last few years, but suddenly this year they are. And the stock chart is reflecting that. So there's something going on inside this company that is going to make this a nice investment.
Earnings are also turning positive next year telling me that the company can support a higher valuation than it currently has. In fact, based on its estimated 5 year earning growth these shares could easily move up into double digits next year resulting in a greater than 50% increase in market capitalization. Those are great numbers and the kind that fuel portfolios higher.
I expect to accumulate a small position in this very small company but I'll have to monitor it rather closely. In fact I always monitor my smaller companies closer than normal. They just need extra attention.