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Intellicheck Mobilisa (NYSE Amex: IDN), a leader in ID Verification and Wireless Technology, has released its financial results for the second quarter ended June 30, 2012.
Revenues for the quarter ended June 30, 2012, increased 9% to $3.441 million compared to $3.165 million in the same period of the previous year. Net income for the three months ended June 30, 2012 was $61,000 or $0.00 per diluted share compared to a net income of $125,000 or $0.00 per diluted share for the three months ended June 30, 2011. Adjusted EBITDA was $355,000 for the second quarter of 2012 compared to $337,000 for the second quarter of 2011. A reconciliation of GAAP net income to adjusted EBITDA is provided below. The Company’s backlog, which represents non-cancelable sales orders for products not yet shipped and services to be performed, was approximately $900,000 at June 30, 2012, compared to $800,000 at June 30, 2011.
Steve Williams, CEO of Intellicheck Mobilisa, commented, “Our priority is on growing revenue. We will continue to make this our focus throughout the rest of 2012 and beyond. I look forward to speaking with investors during our conference call later today.”
Q2 2012 and Recent Highlights:
Fifth consecutive quarter of positive EBITDA
Executed $1 million contract with a major seaport
Entered into software licensing agreement for Intellicheck Mobilisa’s ID Check software with a prominent hardware manufacturer
ATO (authority to operate) issued by the U.S. Marine Corps
Conference Call Information
IDN will host a conference call for members of the investment community today at 1:00 p.m. Eastern / 10:00 a.m. Pacific Time. Interested parties should dial (877) 407-8037 approximately 10 minutes before the scheduled beginning. For callers outside the U.S., please dial (201) 689-8037. The slides may be viewed at:
http://www.investorcalendar.com/IC/CEPage.asp?ID=169074 and will also be available on our website
www.icmobil.com under Investor Relations. For those unable to participate in the live conference, a recording will be available for 48 hours after the call. The recording can be accessed by dialing (877) 660-6853 and (201) 612-7415 for international callers. The account access code is 327 and the replay ID is 397199. After the 48-hour window, please visit the Investor Relations portion of our website at
www.icmobil.com for rebroadcast.
About Intellicheck Mobilisa
Intellicheck Mobilisa (ICMOBIL) is a leading technology company that is engaged in developing and marketing wireless technology and identity systems for various applications, including mobile and handheld access control and security systems for the government, military and commercial markets. ICMOBIL’s products include the Fugitive Finder system, an advanced ID card access control product currently protecting approximately 100 military and federal locations; ID Check, a patented technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issued IDs from U.S. and Canadian jurisdictions, designed to improve the Customer Experience for the financial, hospitality and retail sectors; and Aegeus, a wireless security buoy system for the government, military and oil industry.