Ipsidy Inc (PK:IDTY)

Business Focus: Biometric Products

Sector:  Technology Industry:  Electronic Equipment & Parts
See Regulatory Filings on SEC
Company Contact
Address: 780 Long Beach Blvd
LONG BEACH NY 11561-2238
Tel: N/A
Website: https://www.ipsidy.com
IR: See website
Key People
Philip D. Beck
Chairman of the Board, President, Chief Executive Officer
Stuart P. Stoller
Chief Financial Officer
Thomas Szoke
Chief Technology Officer, 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 nine months ended 30 September 2018, Ipsidy Inc revenues increased 75% to $3.1M. Net loss decreased 49% to $7.4M. Revenues reflect Products and services increase of 78% to $3M. Lower net loss reflects Loss on settlement of notes payable decrease from $6M (expense) to $0K, General and administrative decrease of 19% to $8.3M (expense), Loss on derivative liability decrease from $452K (expense) to $0K.
Reporting Currency: U.S. Dollars
Enterprise value: $48.13M as of Sep 30, 2018
Annual revenue (TTM): $3.62M as of Sep 30, 2018
EBITDA (TTM): -$8.91M as of Sep 30, 2018
Net annual income (TTM): -$10.27M as of Sep 30, 2018
Free cash flow (TTM): -$5.80M as of Sep 30, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 476,416,957 as of Oct 31, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization