This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Intellicheck Mobilisa Announces 2012 Fourth Quarter And Year End Financial Results

Stocks in this article: IDN

Intellicheck Mobilisa, Inc. (NYSE MKT: IDN), a global leader in identity solutions and wireless security systems, has released its financial results for the fourth quarter and year ended December 31, 2012.

Revenues for the quarter ended December 31, 2012 were $528,000 compared to $2,868,000 in the same period of the previous year. Included in the revenue for the current quarter is an adjustment of ($671,000) relating to the uncertainty of the collection of certain accounts receivable regarding a contract with the U.S. Navy, which the company learned about during the fourth quarter of 2012. The Company believes this is a valid receivable, and is pursuing its collection. Although this revenue had been recognized in prior periods, the Company believes this is the proper accounting treatment, given that new information was received during the fourth quarter.

Adjusted EBITDA was ($1,681,000) for the fourth quarter of 2012 compared to $284,000 for the fourth quarter of 2011. Net loss for the three months ended December 31, 2012 was ($1,955,000) or ($0.07) per diluted share compared to a net loss of ($14,000) or ($0.00) per diluted share for the three months ended December 31, 2011. The Company’s backlog, which presents non-cancelable sales orders for products not yet shipped and services to be performed, was approximately $1.2 million at December 31, 2012, compared to $2.8 million at December 31, 2011.

For the year ended December 31, 2012, revenues were $8,803,000 compared to revenues of $12,484,000 reported in the same period of the prior year. Included in the 2012 revenue is the aforementioned adjustment of ($671,000) relating to the uncertainty of an accounts receivable. Adjusted EBITDA for 2012 was ($1,114,000) compared to $875,000 in 2011. Net loss was ($2,260,000) or ($0.08) per diluted share for the year ended December 31, 2012, compared to a net loss of ($291,000) or ($0.01) per diluted share for the year ended December 31, 2011.

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs