Intellicheck Mobilisa (IDN) Tops Q4 EPS by $0.04, Revenues Beat

(Updated - March 13, 2020 11:47 AM EDT)

(Updated corrects EPS)

Intellicheck Mobilisa (NASDAQ: IDN) reported Q4 EPS of $0.01, $0.04 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $2.9 million versus the consensus estimate of $2.23 million.

“We are excited by our results that have been driven by our focus on sales and implementations in 2019 that have yielded $2.56 million in SaaS revenue and $106,000 in net income during the fourth quarter. The recent addition of two new financial institutions, including a Canadian lender, will expand both our market penetration and our geographical footprint,” said Intellicheck CEO Bryan Lewis.

“The pace of data breaches and the data that has been harvested makes it clear that identity theft is not going away for banks, credit card issuers, retailers and consumers. In fact, it is going to get worse. Given the ease of identity theft and the record-setting pace of data breaches, more and more market verticals are going to require that individuals authenticate themselves. As we look forward, we believe that our implementation pipeline remains robust and I remain confident that what I told you when I first joined the company two years ago is evident, today. The market is coming to us,” Lewis concluded.

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

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