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Stock Market & Financial Investment News

News Breaks
March 19, 2014
09:05 EDTIDSYI.D. Systems awarded contract valued up to $4M from U.S. Postal Service
I.D. Systems has received a contract from the U.S. Postal Service to begin to upgrade and expand the company's wireless Vehicle Management Systems, or VMS, across the USPS mail distribution network. Since awarding I.D. Systems a national contract in 2005, the USPS has deployed the company's VMS technology on more than 5,000 industrial vehicles in over 100 facilities. The new contract has an initial period of performance to September 30, with a potential value of up to $4M. This is an indefinite delivery/indefinite quantity contract, in which exact quantities, times and places of product deliveries are not known at the time of contract award. It is also a fixed price contract, with agreed upon pricing in effect for the full contract term.
News For IDSY From The Last 14 Days
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September 30, 2014
18:07 EDTIDSYAmerican Science & Engineering lower after guiding to Q2 net loss
Shares of American Science & Engineering (ASEI), a manufacturer of X-ray inspection and other detection products for homeland security, are sharply lower after disclosing that the company will record a net loss in the second quarter. WHAT'S NEW: AS&E is projecting a net loss for Q2 while the consensus estimate for Q2 EPS is 21c. The company said it has reduced its workforce by approximately 10% and has implemented additional targeted cost reductions to further reduce its operating expenses in response to the continued global volatility impacting its markets. "While our opportunity pipeline remains robust, we have reduced our expenses to manage through the quarter to quarter variability that has affected us and others in our industry. As we move forward, we will continue to execute on our strategic growth initiatives to help us leverage and capture the increased global opportunity pipeline for our expanded portfolio of product and service offerings," said AS&E CEO Chuck Dougherty. PRICE ACTION: Shares of American Science & Engineering are lower by almost 8% to $51.15 in after-hours trading. OTHERS TO WATCH: Other stocks in the homeland security space include: FLIR Systems (FLIR), I.D. Systems (IDSY), CACI International (CACI) and AeroVironment (AVAV).
September 24, 2014
08:37 EDTIDSYOsmium Partners reports 5.4% passive stake in I.D. Systems
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September 22, 2014
09:11 EDTIDSYI.D. Systems receives $400K PowerFleet order
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September 18, 2014
09:37 EDTIDSYI.D. Systems receives follow-on order of $300,000 for PowerFleet
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September 17, 2014
10:00 EDTIDSYOn The Fly: Analyst Initiation Summary
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09:02 EDTIDSYI.D. Systems receives $900K follow-on orders
I.D. Systems has received a series of follow-on purchase orders for its PowerFleet wireless industrial Vehicle Management System from a leading global consumer packaged goods company, a current customer. In aggregate, the orders are valued at approximately $900,000. After delivery of the orders, I.D. Systems will have provided more than 1,500 PowerFleet systems for this customer worldwide.
07:07 EDTIDSYI.D. Systems initiated with a Buy at B. Riley
Target $9.

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