ICTS International N.V. (PK:ICTSF)

Business Focus: Airport Services

Sector:  Industrials Industry:  Airport Services
See Regulatory Filings on SEC
Company Contact
Address: Walaardt Sacrestraat 425/5
Tel: N/A
Website: ictsintl.com
IR: See website
Key People
Menachem J. Atzmon
Chairman of the Supervisory Board
Alon Raich
Chief Financial Officer
Ran Langer
Managing Director
Business Overview
ICTS International N.V. (ICTS) is engaged in the provision of aviation security and other aviation services. The Company operates in three segments: corporate, airport security and other aviation services, and technology. The airport security and other aviation services segment provide security and other services to airlines and airport authorities, predominantly in Europe and the United States. The technology segment is involved in the development and sale of identity security software to financial and other institutions, in Europe and the United States. ICTS, through its subsidiary, Huntleigh USA, Corp. (Huntleigh), engages primarily in non-security related activities in the United States. ICTS, through I-SEC International Security B.V. (I-SEC) and its subsidiaries, supplies aviation security services at airports in Europe and the Far East. ICTS, through Au10tix Ltd. (Au10Tix) and AU10TIX B.V., develops technological systems and solutions for financial and other institutions.
Financial Overview
For the fiscal year ended 31 December 2018, ICTS International N.V. revenues increased 16% to $345.2M. Net loss before extraordinary items totaled $10.9M vs. income of $10.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Selling, general, and administrative increase of 30% to $34.9M (expense), Research and development increase of 36% to $3.7M
Employees: 3,756 as of Dec 31, 2011
Reporting Currency: U.S. Dollars
Enterprise value: $69.92M as of Dec 31, 2018
Annual revenue (TTM): $345.22M as of Dec 31, 2018
EBITDA (TTM): -$5.35M as of Dec 31, 2018
Net annual income (TTM): -$10.94M as of Dec 31, 2018
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $33.52M as of Dec 31, 2018
Shares outstanding: 25,100,000 as of Dec 31, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization