New Intellicheck (IDN) CEO Ludlow Cautions of Weak Ending to FY12
Get Alerts IDN Hot Sheet
Price: $2.92 +4.29%
Revenue Growth %: +19.5%
Financial Fact:
Gross profit: 946.17K
Today's EPS Names:
MAXN, CSTR, ACU, More
Revenue Growth %: +19.5%
Financial Fact:
Gross profit: 946.17K
Today's EPS Names:
MAXN, CSTR, ACU, More
Join SI Premium – FREE
Nelson Ludlow, Ph.D., President and CEO of Intellicheck Mobilisa, Inc. (AMEX: IDN) issued the following letter to shareholders:
Dear Fellow Shareholders,
Along with many of you, I was deeply concerned by the recent news regarding the Company’s performance in the third quarter of 2012. Specifically worrisome is that new bookings were down about 50 percent for the first nine months of 2012, and down 78 percent for the third quarter.
As I begin my tenure as your new CEO, I am meeting with our customers, reviewing all business pending, and making several internal changes to emphasize new product development, provide stronger customer service, complete partnership agreements and increase emphasis on closing sales.
I do not anticipate a strong ending for 2012. The changes we are making will not have an immediate impact on recognized revenue in just a few weeks; rather, the goal is to make the company healthier over the next several quarters throughout 2013.
As we close new business, hire senior management and release new products, we will issue press releases to best keep you as shareholders informed, so that you may monitor our progress.
I ask for your continued support,
Nelson Ludlow, Ph.D.CEO
Dear Fellow Shareholders,
Along with many of you, I was deeply concerned by the recent news regarding the Company’s performance in the third quarter of 2012. Specifically worrisome is that new bookings were down about 50 percent for the first nine months of 2012, and down 78 percent for the third quarter.
As I begin my tenure as your new CEO, I am meeting with our customers, reviewing all business pending, and making several internal changes to emphasize new product development, provide stronger customer service, complete partnership agreements and increase emphasis on closing sales.
I do not anticipate a strong ending for 2012. The changes we are making will not have an immediate impact on recognized revenue in just a few weeks; rather, the goal is to make the company healthier over the next several quarters throughout 2013.
As we close new business, hire senior management and release new products, we will issue press releases to best keep you as shareholders informed, so that you may monitor our progress.
I ask for your continued support,
Nelson Ludlow, Ph.D.CEO
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Safe & Green (SGBX) Provides Update on Audit and Planned 10-K Filing
- Newmont (NEM) Appoints Francois Hardy as CTO
- RumbleOn Inc. (RMBL) Appoints Michael Quartieri to its Board
Create E-mail Alert Related Categories
Corporate News, Guidance, Management CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!