Ipsidy Inc (PK:IDTY)

Business Focus: Biometric Products

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, 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 six months ended 30 June 2019, Ipsidy Inc revenues decreased 41% to $1.4M. Net loss decreased 15% to $4.4M. Revenues reflect Products and services decrease of 42% to $1.4M, Lease income decrease of 8% to $32K. Lower net loss reflects General and administrative decrease of 19% to $4.9M (expense), Interest Exp-Net of Capitalized Interest decrease of 63% to $180K (expense), Research and development decrease of 60% to $10K (expense).
Employees: 85 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $31.21M as of Sep 30, 2019
Annual revenue (TTM): $2.85M as of Sep 30, 2019
EBITDA (TTM): -$8.18M as of Sep 30, 2019
Net annual income (TTM): -$9.24M as of Sep 30, 2019
Free cash flow (TTM): -$6.00M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 518,125,454 as of Jul 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization