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I.D. Systems CEO Discusses Q2 2011 Results - Earnings Call Transcript

I.D. Systems, Inc. ( IDSY)

Q2 2011 Earnings Call

August 10, 2011 4:45 pm ET


Jeffery Jagid - Chairman and CEO

Ned Mavrommatis - CFO

Darryl Miller - COO


Matthew Hoffman - Cowen

Morris Ajzenman - Griffin Securities

Orin Hirschman - AIGH Investment Partners

Dan Weston - WestCap Management

Mike Wagner - Private Investor



Good day, ladies and gentlemen, and welcome to the I.D. Systems second quarter 2011 conference call. (Operator Instructions) I’d like to turn the call over to your host, Mr. Jeffery Jagid.

Jeffrey Jagid

Thank you. Welcome to I.D. Systems fiscal 2011 second quarter conference call. Thank you for joining us today. I’m Jeffrey Jagid, the Chairman and CEO of I.D. Systems. With me today are Ned Mavrommatis, our CFO; and Darryl Miller, our COO.

I will provide a brief overview of the quarter and then update on our vehicle management business. Ned will detail our financials, and Darryl will update you on our operations and the performance of our AI subsidiary. Then we will then open the call to your questions.

Before we begin, let me reiterate the Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. The following discussion contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, fluctuations in operating results and other risks detailed from time to time in I.D. Systems’ filings with the Securities & Exchange Commission. These risks could cause the company’s actual results for the current fiscal year and beyond to differ materially from those expressed in any forward-looking statements made by or on behalf of the company.

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