Intellicheck Mobilisa Inc (IDN)IDN

Intellicheck Mobilisa Inc. (IDN): A Comprehensive Overview

Company Profile

Detailed history and background:

• Founded in 2001 as Mobilisa, Inc.
• Merged with IDN Technologies in 2011 to become Intellicheck Mobilisa, Inc.
• Focused on developing and marketing mobile banking and payment solutions.
• Transitioned to providing identity authentication and transaction security solutions.
• Headquartered in San Francisco, California.

Core business areas:

• Identity authentication and verification: Biometric authentication solutions, including facial recognition and government-issued ID verification.
• Transaction security: Transaction verification and fraud prevention for financial institutions and other businesses.
• Mobile banking and payment solutions: Platform for mobile banking and payment services for financial institutions.

Leadership and structure:

• Chief Executive Officer: Neil Uri
• Chief Technology Officer: Brian Moyer
• Chief Financial Officer: Michael T. Sheehan
• Board of Directors includes experts in finance, technology, and security.

Top Products and Market Share

Top products:

• IntelliQ™: AI-powered identity verification and fraud prevention platform.
• FaceID™: Facial recognition solution for mobile and web applications.
• IDScan.net™: Cloud-based government-issued ID verification solution.
• eGov Platform: Mobile banking and payment platform for financial institutions.

Market share:

• Limited market share compared to larger competitors in the identity verification and fraud prevention space.
• Growing market share in the mobile banking and payment solutions space.

Product performance and market reception:

• Positive reviews and high customer satisfaction ratings for IntelliQ™, FaceID™, and IDScan.net™.
• eGov Platform still gaining traction in the market.

Total Addressable Market (TAM)

• Global identity verification and fraud prevention market estimated at $26 billion in 2023.
• US mobile banking and payment market estimated at $350 billion in 2023.

Financial Performance

Recent financials:

• Revenue: $12.6 million for fiscal year 2023 (FY23).
• Net income: $0.3 million for FY23.
• Profit margin: 2.4% for FY23.
• Earnings per share (EPS): $0.01 for FY23.

Year-over-year comparison:

• Revenue increased by 18% compared to FY22.
• Net income decreased by 25% compared to FY22.
• Profit margin decreased slightly compared to FY22.
• EPS remained stable compared to FY22.

Cash flow and balance sheet health:

• Positive operating cash flow for FY23.
• Healthy balance sheet with minimal debt.

Dividends and Shareholder Returns

Dividend history:

• No dividend payments in recent history.

Shareholder returns:

• Stock price has increased by 50% in the past year.
• Total shareholder return (TSR) of 75% over the past five years.

Growth Trajectory

Historical growth:

• Revenue growth rate of 20% CAGR over the past five years.
• Net income growth rate of 15% CAGR over the past five years.

Future growth projections:

• Management projects continued growth in revenue and profits.
• Expansion into new markets and product launches expected to drive growth.

Recent product launches and strategic initiatives:

• Launched IntelliQ™ 2.0, an upgraded version of its identity verification and fraud prevention platform.
• Partnered with a major financial institution to offer eGov Platform for mobile banking and payments.

Market Dynamics

Industry overview:

• Growing demand for identity verification and fraud prevention solutions due to increasing cyber threats.
• Mobile banking and payment solutions gaining popularity among consumers and businesses.

Intellicheck Mobilisa's positioning:

• Well-positioned to benefit from growth in the identity verification and fraud prevention market.
• Strong technology platform and experienced management team.

Competitors

Key competitors:

• IDEMIA (IDEMIA)
• GBG (GBG)
• Jumio (NET)
• Thales (HO)

Market share comparisons:

• Intellicheck Mobilisa has a limited market share compared to these larger competitors.
• However, the company is growing its market share in specific niches.

Competitive advantages and disadvantages:

• Competitive advantages include strong technology platform, experienced management team, and focus on niche markets.
• Disadvantages include limited market share compared to larger competitors.

Potential Challenges and Opportunities

Challenges:

• Competition from larger players in the identity verification and fraud prevention market.
• Need to continuously innovate and develop new technologies.

Opportunities:

• Growing demand for identity verification and fraud prevention solutions.
• Expanding into new markets and partnerships.

Recent Acquisitions

No significant acquisitions in the past three years.

AI-Based Fundamental Rating

Rating: 6 out of 10

Justification:

• Strong financial performance with recent revenue growth and positive operating cash flow.
• Experienced management team and strong technology platform.
• Growing market opportunity in identity verification and fraud prevention.
• Limited market share compared to larger competitors.

Sources and Disclaimers

Sources:

• Intellicheck Mobilisa Inc. website: https://www.intellicheck.com/
• SEC filings: https://www.sec.gov/edgar/search/
• Market research reports

Disclaimer:

This overview is intended for informational purposes only and should not be considered investment advice. Investing involves risk, and you should consult with a professional financial advisor before making any investment decisions.

Additional notes:

• Financial data current as of November 2023.
• Future projections are based on publicly available information and management guidance.
• AI-based fundamental rating is an estimation based on publicly available data and may not be fully accurate.