Route1 Updates: Business Moves and Financial Performance

Route1 Inc. has introduced Actionable Business Intelligence (ABI) 3.0, enhancing automated license plate recognition (ALPR) data usage. This update aims to optimize operations for parking and public safety by integrating with the Genetec AutoVu system. The company has released several ABI software versions, with significant advancements in mapping and data integration features.

Financially, Route1's Q2 2025 results showed an increase in revenue to CAD 3.691 million, despite a net loss of CAD 61,000. The company monetized USD 467,030 and USD 468,802 worth of Employee Retention Credits, although both were sold at discounts. Professional fees were incurred during these transactions, with reimbursements possible if IRS disallows claims.

Route1 continues to focus on their ABI platform, recognizing potential for operational improvements and revenue recovery. They reported substantial coverage and expertise in ALPR systems, aiding organizations in efficiency and compliance.