Intellicheck Mobilisa, Inc. (IDN) Reports Q2 Loss of $0.03
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Price: $4.18 -3.24%
EPS Growth %: +300.0%
Financial Fact:
Income (loss) from operations: -730.36K
Today's EPS Names:
CRMT, REPL, HURC, More
EPS Growth %: +300.0%
Financial Fact:
Income (loss) from operations: -730.36K
Today's EPS Names:
CRMT, REPL, HURC, More
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Intellicheck Mobilisa, Inc. (NYSE: IDN) reported Q2 EPS of ($0.03), versus $0.00 reported last year. Revenue for the quarter came in at $1.72 million, versus $3.44 million reported last year.
Nelson Ludlow, Ph.D., CEO of Intellicheck Mobilisa, stated, “I am pleased to report on the positive changes we are making as a company. We resolved to revise our corporate business model to focus on innovation, new products and technology, particularly SaaS solutions. We have already taken the initial steps in this process with the July 1 release of our barZapp ID-checking mobile app for smartphones. By the end of July, barZapp had shot into the Top 10 most popular paid business apps in Apple’s App Store. We are delighted that the product has taken off so quickly and garnered favorable press coverage. We anticipate that barZapp will represent a modest but steady source of recurring revenue for us—one that represents our new dedication to providing software as a service rather than relying primarily on equipment sales. As we increase our marketing efforts, we also look forward to signing restaurant chains onto this service.
Dr. Ludlow continued, “I am also pleased to announce that we are currently expanding our ID-reading technology to handle Mexican driver’s licenses in addition to U.S. and Canadian licenses. At present, about 20 Mexican states issue licenses with readable bar codes, and we will be announcing a new product that can work with these licenses in coming months.
Once again, as with barZapp, by offering our ID checking software as a SaaS, cloud-based service, we can offer customers better service and support without requiring the purchase of new scanning equipment. In light of these developments, coupled with significant increase in new bookings over Q1, and our new product line, I am optimistic about where we are headed as a company.”
For earnings history and earnings-related data on Intellicheck Mobilisa, Inc. (IDN) click here.
Nelson Ludlow, Ph.D., CEO of Intellicheck Mobilisa, stated, “I am pleased to report on the positive changes we are making as a company. We resolved to revise our corporate business model to focus on innovation, new products and technology, particularly SaaS solutions. We have already taken the initial steps in this process with the July 1 release of our barZapp ID-checking mobile app for smartphones. By the end of July, barZapp had shot into the Top 10 most popular paid business apps in Apple’s App Store. We are delighted that the product has taken off so quickly and garnered favorable press coverage. We anticipate that barZapp will represent a modest but steady source of recurring revenue for us—one that represents our new dedication to providing software as a service rather than relying primarily on equipment sales. As we increase our marketing efforts, we also look forward to signing restaurant chains onto this service.
Dr. Ludlow continued, “I am also pleased to announce that we are currently expanding our ID-reading technology to handle Mexican driver’s licenses in addition to U.S. and Canadian licenses. At present, about 20 Mexican states issue licenses with readable bar codes, and we will be announcing a new product that can work with these licenses in coming months.
Once again, as with barZapp, by offering our ID checking software as a SaaS, cloud-based service, we can offer customers better service and support without requiring the purchase of new scanning equipment. In light of these developments, coupled with significant increase in new bookings over Q1, and our new product line, I am optimistic about where we are headed as a company.”
For earnings history and earnings-related data on Intellicheck Mobilisa, Inc. (IDN) click here.
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