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
TheStreet Open House

Intellicheck Mobilisa Announces 2013 Second Quarter Financial Results

Intellicheck Mobilisa, Inc. (NYSE MKT: IDN), a global leader in identity solutions and wireless security systems, has released its financial results for the second quarter ended June 30, 2013.

Revenues for the quarter ended June 30, 2013 were $1,721,000 compared to $3,441,000 in the second quarter 2012 and up 5% from $1,633,000 in the first quarter 2013. Adjusted EBITDA was $(647,000) for the second quarter of 2013 compared to $355,000 for the second quarter of 2012 and $(646,000) in the first quarter 2013. Net loss for the three months ended June 30, 2013 was ($919,000) or $(0.03) per diluted share compared to net income of $61,000 or $0.00 per diluted share for the three months ended June 30, 2012 and a net loss of $(921,000) or $(0.03) per diluted share in the first quarter 2013. The Company’s backlog, which presents non-cancelable sales orders for products not yet shipped and services to be performed, was up 46% to $1.14M at June 30, 2013, compared to $782,000 in Q1 2013. New Bookings for the quarter were up 133% to $2,165,000 compared to $928,000 in Q1 2013.

Q2 2013 and Recent Highlights:

• Intellicheck Mobilisa revises corporate business model to focus on innovation, new products and technology, and cloud-based SaaS (Software as a Service) solutions that provide customers better service and support, without the added hardware expense;

• Intellicheck Mobilisa launches barZapp™ ID-checking mobile app for smartphones;

• Intellicheck Mobilisa’s TWIC readers added to TSA’s approved product list;

• Intellicheck Mobilisa’s Fugitive Finder access control system receives Federal government FIPS-201 certification;

• Intellicheck Mobilisa subsidiary wins two enterprise wireless contracts

Nelson Ludlow, Ph.D., CEO of Intellicheck Mobilisa, stated, “I am pleased to report on the positive changes we are making as a company. We resolved to revise our corporate business model to focus on innovation, new products and technology, particularly SaaS solutions. We have already taken the initial steps in this process with the July 1 release of our barZapp ID-checking mobile app for smartphones. By the end of July, barZapp had shot into the Top 10 most popular paid business apps in Apple’s App Store. We are delighted that the product has taken off so quickly and garnered favorable press coverage. We anticipate that barZapp will represent a modest but steady source of recurring revenue for us—one that represents our new dedication to providing software as a service rather than relying primarily on equipment sales. As we increase our marketing efforts, we also look forward to signing restaurant chains onto this service.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,678.23 -40.31 -0.23%
S&P 500 2,057.37 -3.68 -0.18%
NASDAQ 4,866.0220 -10.4970 -0.22%

Partners Compare Online Brokers

Free Reports

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