Ipsidy Inc (PK:IDTY)

Sector:  Technology Industry:  Electronic Equipment & Parts
See Regulatory Filings on SEC
Company Contact
Address: 670 Long Beach Blvd
LONG BEACH NY 11561-2237
Tel: N/A
Website: https://www.ipsidy.com
IR: See website
Key People
Philip D. Beck
Chairman of the Board
Phillip Broenniman
President, Chief Operating Officer, Director
Phillip Kumnick
Chief Executive Officer, Director
Stuart P. Stoller
Chief Financial Officer
Christopher Eric White
Chief Technology Officer
Thomas Robert Szoke
Chief Solutions Architect, Director
Business Overview
Ipsidy Inc., formerly ID Global Solutions Corporation, together with its subsidiaries, is a provider of biometric identification, identity management and electronic transaction processing services. The Company offers solutions for fingerprint-based identity management and electronic transaction processing. It offers technologies that are intended to provide solutions in the areas, including Identity Management, such as handheld identification devices and biometric finger print matching algorithms and associated software applications; Payment Processing, which includes multi-factor out of band authentication platform software and services, and a multi-application electronic transaction software platform with open and closed loop payment application capability. It provides biometric identification services to government and public sector organizations, seeking to verify and manage identities for a range of security purposes, such as issuing identity cards and exercise of rights.
Financial Overview
For the six months ended 30 June 2020, Ipsidy Inc revenues decreased 20% to $1.1M. Net loss increased 64% to $7.3M. Revenues reflect Identity Management segment decrease of 18% to $929K, Payment Processing segment decrease of 24% to $186K, Africa segment decrease of 14% to $660K, North America segment decrease of 28% to $269K, South America segment decrease of 24% to $186K.
Employees: 85 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $59.98M as of Jun 30, 2020
Annual revenue (TTM): $2.28M as of Jun 30, 2020
EBITDA (TTM): -$7.07M as of Jun 30, 2020
Net annual income (TTM): -$13.36M as of Jun 30, 2020
Free cash flow (TTM): -$5.35M as of Jun 30, 2020
Net Debt Last Fiscal Year: $5.31M as of Jun 30, 2020
Shares outstanding: 546,654,196 as of Jul 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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