SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): February 16, 2005

                               I.D. SYSTEMS, INC.
               (Exact Name of Registrant as Specified in Charter)

             Delaware               001-15087               22-3270799
         ---------------           ------------         -------------------
         (State Or Other           (Commission            (IRS Employer
         Jurisdiction Of           File Number)         Identification No.)
         Incorporation)

                   One University Plaza, Hackensack, NJ    07601
               ---------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

        Registrant's telephone number, including area code (201) 996-9000

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


                                      -1-


ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

         On February 16, 2005, I.D. Systems, Inc. (the "Registrant") issued a
press release regarding results for the fiscal year ended December 31, 2004. A
copy of this press release is being furnished as Exhibit 99.1 to this Current
Report on Form 8-K.

         The information in this report is being furnished pursuant to Item 2.02
of Form 8-K, insofar as it discloses historical information regarding the
Registrant's results of operations and financial condition as of, and for the
year ended December 31, 2004. In accordance with General Instructions B.2 of
Form 8-K, the information in this Current Report on Form 8-K, including Exhibit
99.1, shall not be deemed "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liability of that section, nor shall it be deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended, except as shall be
expressly set forth by specific reference in such a filing.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

         (c)      Exhibits

As described above, the following Exhibit is furnished as part of this Current
Report on Form 8-K:

         Exhibit 99.1 - Press release dated February 16, 2005



                                      -2-



                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                                I.D. SYSTEMS, INC.


                                                By: /s/ Ned Mavrommatis
                                                    --------------------------
                                                Name:  Ned Mavrommatis
                                                Title: Chief Financial Officer


Date:    February 16, 2005



                                      -3-