COPsync Incorporation Analyst Brief; Real-Time Law Enforcement by Small Cap Street and BrokerBank Securities, Inc.
NEW YORK, Sept. 23, 2014 /PRNewswire/ -- COPsync, Inc. (OTCQB: COYN) operates the largest law enforcement mobile data information system and interoperability network in the U.S. The COPsync Network service enables patrol officers to collect, report and share critical data in real-time at the point of incident and obtain instant access to various local, state and federal law enforcement databases. It also eliminates manual processes and increases officer productivity by enabling officers to electronically write tickets, process DUI and other arrests and document accidents and other incidents.
COPsync's revenues increased year-over-year by 106% to $935k for 2Q14, compared to $454k in 2Q13. During the quarter, COPsync reported receiving large, hardware intensive contracts, involving both new customers as well as existing customers electing to replace or update their computer equipment. Software subscription revenue, which is a key predictor of future performance, increased year-over-year by 55% to $644k in 2Q14 compared to $417k in 2Q13.
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