Intellicheck Mobilisa (IDN) Tops Q4 EPS by 3c, Revenues Beat

Intellicheck Mobilisa (NYSE: IDN) reported Q4 EPS of ($0.04), $0.03 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $1.33 million versus the consensus estimate of $1.13 million.

Intellicheck CEO Bryan Lewis said adoption of the company’s leading identity authentication technology solutions is strong and continues to grow. “We achieved significant milestones in 2018 and I am very pleased with the advances we have made. We are working with four banks and credit card issuers right now in addition to some 16 retailers of all sizes in various stages of product adoption. These merchants represent thousands of retail locations in which Retail ID will be used when fully rolled out. We are also in pilot with our latest new bank for its own credit cards and its retail bank branches. This as we continue to see growing adoption of Age ID at a time when there has been noteworthy market attention to issues surrounding underage access to vaping, cannabis and alcohol products,” said Intellicheck CEO Bryan Lewis.

“Together, we believe that our suite of identity authentication products are demonstrating their value and effectiveness in meeting multiple market needs. As we focus on our strategic objectives for 2019, we anticipate that as long as we continue to execute on the opportunities before us, we believe it will be a banner year,” Lewis concluded.

For earnings history and earnings-related data on Intellicheck Mobilisa (IDN) click here.

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