init innovation in traffic systems SE reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was EUR 35.58 million compared to EUR 40.53 million a year ago. Net income was EUR 0.462 million compared to EUR 1.84 million a year ago. Basic earnings per share from continuing operations was EUR 0.05 compared to EUR 0.19 a year ago.