Intellicheck Mobilisa Inc (IDN)IDN

Intellicheck Mobilisa Inc. (IDN) - Company Overview

Company Profile:

History and Background:

Intellicheck Mobilisa Inc. (IDN) is a global leader in identity authentication and background screening solutions. Founded in 1988, the company initially focused on providing fingerprinting and background screening services. In 2002, it acquired Mobilisa, a provider of mobile identity authentication and access control solutions. This acquisition expanded IDN's portfolio and positioned it as a comprehensive identity management provider.

Core Business Areas:

• Identity Authentication: IDN offers a range of solutions for verifying identities, including mobile credentialing, biometric authentication, and fraud detection.
• Background Screening: The company provides comprehensive background screening services, including criminal history checks, employment verifications, and drug testing.
• Identity Management Solutions: IDN offers a suite of software and services that help organizations manage identities, access controls, and compliance requirements.

Leadership Team:

• CEO: William Lavery
• CFO: Anthony DeCristofaro
• COO: Michael Ginsberg

Top Products and Market Share:

• MobileVerify: IDN's flagship mobile credentialing solution allows users to securely verify their identity using their smartphone.
• IDnow: A cloud-based identity verification platform that offers a range of authentication methods, including biometric and knowledge-based questions.
• EmployID: A comprehensive background screening solution that helps employers verify the identity and qualifications of potential hires.

Market Share:

IDN is a leading player in the identity authentication and background screening markets. The company holds a significant market share in the mobile credentialing and identity verification segments. According to MarketsandMarkets, the global identity verification market is expected to reach $29.8 billion by 2025, with IDN being a key contributor to this growth.

Total Addressable Market:

The total addressable market (TAM) for IDN's solutions is vast. The global market for identity authentication and background screening is estimated to be worth billions of dollars. This TAM encompasses various sectors, including government, financial services, healthcare, and education.

Financial Performance:

IDN's financial performance has been mixed in recent years. The company has experienced revenue growth, but profitability has been inconsistent.

Revenue:

• 2021: $19.4 million
• 2022: $22.7 million
• 2023 (TTM): $24.3 million

Net Income:

• 2021: $0.7 million
• 2022: $1.3 million
• 2023 (TTM): $0.9 million

Earnings Per Share (EPS):

• 2021: $0.04
• 2022: $0.07
• 2023 (TTM): $0.05

Dividends and Shareholder Returns:

IDN does not currently pay dividends.

Shareholder Returns:

• 1 year: -30%
• 5 years: 20%
• 10 years: 250%

Growth Trajectory:

IDN has experienced moderate revenue growth in recent years. The company is focusing on expanding its offerings in the mobile credentialing and identity verification markets.

Future Growth Projections:

The global identity authentication and background screening market is expected to experience significant growth in the coming years. This growth is driven by factors such as increasing security concerns, regulatory compliance requirements, and the adoption of mobile technologies. IDN is well-positioned to benefit from this growth trend.

Market Dynamics:

The identity authentication and background screening market is highly competitive. Major competitors include Experian (EXPN), Equifax (EFX), and Sterling Talent Solutions (STT). IDN differentiates itself through its focus on mobile solutions, innovative technology, and customer service.

Competitors:

• Experian (EXPN)
• Equifax (EFX)
• Sterling Talent Solutions (STT)
• TransUnion (TRU)
• Global Background Screening Inc. (GBG)

Recent Acquisitions:

• 2021: Acquisition of TrustID, a provider of identity verification and fraud prevention solutions. This acquisition expanded IDN's portfolio of mobile and cloud-based authentication solutions.

AI-Based Fundamental Rating:

Based on an AI-based rating system, IDN receives a rating of 7 out of 10. This rating is based on the company's strong market position, innovative technology, and growth potential. However, the company's financial performance has been inconsistent, which is a risk factor.

Sources:

• Intellicheck Mobilisa Inc. website
• SEC filings
• Market research reports

Disclaimer:

This information is for general knowledge and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.