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 Robert 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 fiscal year ended 31 December 2018, Ipsidy Inc revenues increased 66% to $3.8M. Net loss decreased 43% to $10M. Revenues reflect Products and services increase of 69% to $3.8M. Lower net loss reflects Loss on settlement of notes payable decrease from $6M (expense) to $0K, General and administrative decrease of 14% to $11.2M (expense), Interest Exp-Net of Capitalized Interest decrease of 43% to $758K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $47.53M as of Dec 31, 2018
Annual revenue (TTM): $3.83M as of Dec 31, 2018
EBITDA (TTM): -$8.83M as of Dec 31, 2018
Net annual income (TTM): -$10.03M as of Dec 31, 2018
Free cash flow (TTM): -$6.01M as of Dec 31, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 478,950,996 as of Feb 15, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization