Intellicheck Mobilisa (IDN) Reports Q3 Loss of $0.07, Revenues Miss

Intellicheck Mobilisa (NYSE: IDN) reported Q3 EPS of ($0.07), versus ($0.08) reported last year. Revenue for the quarter came in at $1.04 million versus the consensus estimate of $1.1 million.

Intellicheck CEO Bryan Lewis said, “I am excited to announce that we have signed an agreement with a top five bank to deploy our Retail ID product solutions at the bank’s branches and with their retail clients. We have already started the development work for this major financial institution and we have a planned rollout starting by the end of Q2, 2019.”

Lewis continued, “As is evidenced by this top five bank, we believe there is a growing realization across our key markets of the importance of identification authentication as the single most important step in combating fraud, keeping age-restricted products like alcohol, e-cigarettes and marijuana out of the hands of young people, and increasing police officer effectiveness and safety. Our products are proven, cost-effective solutions that demonstrate their value in addressing these pressing industry problems and I remain confident that the market is coming our way.”

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

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