chainma1l
2 years ago
I don't see any actual information regarding the "significant expansion in the US Market". They apparently opened an office, but year over year sales were down. Sales in the US evidently didn't offset lower sales elsewhere.
I still think they should just take it private. There is next to no market for the stock. Their sales numbers after this many years are atrocious.
IDenta Corp Reports 2022 Second Quarter Financial Results, Shows Profitability and a Significant Expansion in the US Market
WASHINGTON, Aug. 15, 2022 /PRNewswire/ -- IDenta Corp. (OTCQB: IDTA) is a worldwide leader in the development of Field Detection and Home Diagnostic Testing Kits for Narcotics, Explosives and Unique Forensic Products in the Homeland Security and Consumer Markets. Today IDenta Corp reported its 2022 second quarter financial statement and shows increase in sales compared to the previous quarter and shows profit.
Mr. Amichai Glattstein, Chief Executive Officer, commented: "During the second quarter the company showed a return to growth while increasing sales and presenting a quarterly profit. In addition, the company continued to expand the marketing infrastructure in the US market while participating in exhibitions and expanding the distribution channels that will bear fruit in the near future."
Highlights of the Second Quarter of 2022 compared to the Second Quarter of 2021:
Revenues for the second quarter of 2022 were $378,982 compared to revenues of $387,042 in the second quarter of 2021.
Gross profit decrease to $261,115 in the second quarter of 2022 compared to gross profit of $286,129 in the second quarter of 2021.
Operating profit decreased to $17,095 in the second quarter of 2022 compared to $119,992 in the second quarter of 2021 as a result of investments in marketing and sales in the US market.
Net profit for the second quarter of 2022 was $7,488 compared to net profit of $112,772 in the second quarter of 2021. Part of that as a result of falling currency rates.
Cash and cash equivalents increase to $303,853 for the second quarter of 2022 compared to $400,704 for the second quarter of 2021.
About IDenta Corp.
IDenta Corp. is a global leader in the development and supply of Field Detection and Home Diagnostics Testing Kits for Drugs & Explosives and Unique Forensic Products in the Homeland Security and Consumer Markets. IDenta develops, manufactures and distributes revolutionary products for both the professional Law and Retail markets which consistently pass the highest qualifications and testing procedures of law enforcement and security agencies around the world.
Safe Harbor Statement
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
Company Contact Information:
Public Relations
Tel: 240.545.6646
E: pr@identa-corp.com
chainma1l
2 years ago
Company is so far off the map, this doesn't even bump the price by a penny.
Seems like it's the biggest single order in company history and their margins are good. Insiders own most of the shares, just take it private.
https://finance.yahoo.com/news/identa-corp-selected-supply-huge-141500150.html
IDenta Corp. has been Selected to Supply a Huge Quantity of 220,000 Drug Detection Systems to Government Forces in Italy
WASHINGTON, April 26, 2022 /PRNewswire/ -- IDenta Corp. (OTCQB: IDTA) is a worldwide leader in the development of Field Detection and Home Diagnostic Testing Kits for Narcotics, Explosives and Unique Forensic Products in the Homeland Security and Consumer Markets. The company won a tender and was selected to supply drug test kits to the security forces of Italy. This tender was awarded after passing extensive testing, demonstrating that IDenta's products were superior to the rest of the competitors.
Mr. Amichai Glattstein, Chief Executive Officer, announced: "This is a great achievement for our company. IDenta continues to expand its activities in other countries and continues to display superiority over other competitors - both in technology and in pricing. Italy is an important European country with extensive activities in the field of drug detection and interdiction. We are very happy and excited about Italy's selection of IDenta products for their forces. We are aware of the extensive testing that was performed before this decision was made. IDenta will continue to enhance its operations in additional countries as we continue to provide unique solutions, at the highest level, for a better future and a safer world."
About IDenta Corp.
IDenta Corp. is a global leader in the development and supply of Field Detection and Home Diagnostics Testing Kits for Drugs & Explosives and Unique Forensic Products in the Homeland Security and Consumer Markets. IDenta develops, manufactures and distributes revolutionary products for both the professional Law and Retail markets which consistently pass the highest qualifications and testing procedures of law enforcement and security agencies around the world.
Safe Harbor Statement
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
Company Contact Information:
Public Relations
Tel: +1 240-545-6646
E: pr@identa-corp.com
SOURCE IDenta Corp.
chainma1l
2 years ago
Hire an actual salesperson, take it private or pay a dividend.
If their products work, their sales should be much higher. Should be closer to $1m/wk, not $1m/yr.
Over 40% owned by insiders. Why not take it private for cheap?
$.02/yr dividend = $81,000/yr and with the current stock price, that is a decent percentage return. That would stabilize the price at $1+.
Looks like they may need that $81,000 for production and payroll. Makes sense, but what is the actual backlog $ amount?
As a result of an increase in orders, the company is exploring significant
improvements in its production line to boost capacity.
The company has recruited more employees in recent months and
almost doubled its manpower. No additional personnel are expected at
this time.
Total of 18 employees, 15 of them in full-time.
How do they pay 15 full time and 3 part time employees on $1.4m in revenue? I guess shareholders know that nobody is overpaid at Identa.
WASHINGTON, March 31, 2022 /PRNewswire/ -- IDenta Corp. (OTCQB: IDTA) is a worldwide leader in the development of Field Detection and Home Diagnostic Testing Kits for Narcotics, Explosives and Unique Forensic Products in the Homeland Security and Consumer Markets. Today IDenta Corp reported its 2021 annual financial statements. It shows profitability despite a particularly challenging global period as a result of the COVID pandemic.
Mr. Amichai Glattstein, Chief Executive Officer, commented: "During 2021 we had several ongoing contracts which were put on hold or were postponed as a result of the COVID pandemic. With all the challenges, including a significant drop in global currency exchange rates and a rise in the price of raw materials, the company has opened new avenues for sales and entry into new markets. In spite of all the challenges, the company has managed to maintain profitability. The company also took advantage of the period to significantly increase product inventory for faster deliveries. IDenta entered stronger and better positioned to continue to deliver value to all customers as we continue our journey to be a top performing company."
Highlights of the Annual Report of 2021 compared to Annual Report of 2020:
Revenue for 2021 was $1,392,136 compared to revenues of $1,449,899 in 2020. This is a 4% decrease in sales;
Gross profit increased to $1,065,965 in 2021 compared to gross profit of $953,181 in 2020, reflecting a 12% increase as a result of high profitability for new product line;
Operating profit decreased to $214,151 for 2021 compared to operating profit of $355,573 in 2020. This is a 39% decrease as a result of opening a new office for the company in the US, a front US warehouse for fast delivery of products and hiring additional employees for management and research;
Net profit decreased to $69,183 in 2021 compared to $354,449 in 2020. This is after a reduction of $111,354 in the final profit as a result of the fall in currency exchange rates and $33,615 for unforeseen tax payments for a new company's tax law;
Cash and cash equivalents decrease to $347,151 for 2021 compared to $541,092 in 2020.
About IDenta Corp.
IDenta Corp. is a global leader in the development and supply of Field Detection and Home Diagnostics Testing Kits for Drugs & Explosives and Unique Forensic Products in the Homeland Security and Consumer Markets. IDenta develops, manufactures and distributes revolutionary products for both the professional Law and Retail markets which consistently pass the highest qualifications and testing procedures of law enforcement and security agencies around the world.
Safe Harbor Statement
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
Company Contact Information:
Public Relations
Tel: 240.545.6646
E: pr@identa-corp.com
Cision
Cision
View original content:https://www.prnewswire.com/news-releases/identa-corp-reports-annual-financial-2021-results-and-continues-to-maintain-profitability-301515090.html
SOURCE IDenta Corp.
_MMM
3 years ago
Well it hasn't been mentioned here yet. And the purpose of the "front office" is explained in the press release itself, isn't it?
WASHINGTON, Dec. 7, 2021 /PRNewswire/ -- IDenta Corp. (OTC-QB: IDTA) is a worldwide leader in the development of Detection Kits to identify Drugs and Explosives and Unique Forensic Products in the Homeland Security Market and Consumer Market. IDenta is pleased to announce the opening of a front office in the Washington D.C. area. The capital area is a basis to many security companies from the United States and around the world which are close to U.S. government offices and their annual budgets. The head of the office will be the CEO of the company -- Mr. Amichai Glattstein that made a relocation to USA from Israel. The office was opened with the cooperation of the company and a government ministry in Israel to promote business between the countries.
Mr. Amichai Glattstein, Chief Executive Officer, commented: "The new office in the Washington D.C. area, USA is a breakthrough in IDenta's history. The USA markets are the main markets for our different products. We evaluated the USA markets for our products (legal law enforcement and consumer markets) in tens of millions of dollars per year. The success penetration of the American markets will also boost the many other markets worldwide."
chainma1l
3 years ago
I just don't think that selling something on Amazon makes them "a major player in the online market." If anything, it's about 5 years too late. Better than nothing, I guess.
PR Newswire
IDenta Launches World's First Patent-Protected Single Test Kit for Identifying 30 Types of Illicit Drugs on Amazon
Tue, September 14, 2021, 8:15 AM·2 min read
In this article:
WASHINGTON, Sept. 14, 2021 /PRNewswire/ -- IDenta Corp. (OTCQB: IDTA) is a worldwide leader in the development of Detection Kits to identify Illicit Drugs and Explosives as well as other Forensic Products for the Homeland Security and Consumer Markets. The company is launching on Amazon its unique patent kit for identifying 30 types of illicit drugs in one test. This is the first and only kit in the world which identifies 30 types of illicit drugs using a single test, and Amazon.com is a great platform on which launch. The kit is reliable, easy to use and safe with instant results and can now be ordered through Amazon using the following link: www.amazon.com/Touch-Know-Multi-Drug-Test.
Mr. Amichai Glattstein, Chief Executive Officer, announced, "Launching a product on Amazon is exciting but rather common. However, launching a UNIQUE PATENTED product on Amazon is extremely rare. Amazon is the best platform in the world to sell products online. The retail market for Home Diagnostics and Drug Detection Solutions is enormous. This distribution method of IDenta products will make IDenta a major player in the online market."
Pennyes
3 years ago
If the recent Qly result is true!, then it is a Profit making co?, can't believe they are profitable?... but numbers published by them say so!!!!..
Highlights of the Second Quarter of 2021 compared to the Second Quarter of 2020:
Revenues for the second quarter of 2021 were $387,042 compared to revenues of $495,666 in the second quarter of 2020. This is a 22% decrease in sales.
Gross profit increase to $286,129 in the second quarter of 2021 compared to gross profit of $242,526 in the second quarter of 2020. This is a 18% increase.
Operating profit increased to $119,992 in the second quarter of 2021 compared to $101,595 in the second quarter of 2020. This is a 19% increase.
Net profit for the second quarter of 2021 was to $112,772 compared to net profit of $96,424 in the second quarter of 2020. This is a 17% increase.
Cash and cash equivalents decrease to $400,704 for the second quarter of 2021 compared to $639,705 for the second quarter of 2020 as a result of giving credit to customers.
chainma1l
4 years ago
More progress, but "huge" is debatable. Identa gives no numbers (likely because they are low). Maybe a few hundred security checkpoints at most. Nothing to sneeze at, but isn't going to move the actual needle much. One time bump and then some amount of ongoing restocking. I guess we'll see on their next Q, assuming this happens that quickly.
Market likes the news, and yes, the float is miniscule, so the share price looks better. Maybe they can afford some actual marketing now.
chainma1l
4 years ago
Appears Identa has been operating legitimately for several years now, but how many US partners/distributors have they announced in the past?
Their revenue increase is great percentage-wise, but overall, the total is still just tiny for having been in business for so long.
Still no reason to remain public. So few shares in the float, just go private. I wonder if any insiders have been buying shares on the open market to help facilitate that possibility. Almost no liquidity in the stock.
HOLLYWOOD, Fla., Nov. 19, 2020 /PRNewswire/ -- IDenta Corp. (OTCQB: IDTA) a worldwide leader in the development of Field Detection and Home Diagnostics Testing Kits for Drugs & Explosives and Unique Forensic Products, and Pro-gard™ Products, LLC, NOBLESVILLE, IN., USA, a leading manufacturer and supplier of law enforcement and vehicle safety equipment for Law Enforcement Market in the US, have collaborated to launch DTK Products, a private label of IDenta forensic products to be marketed by Pro-gard in the US Law Enforcement Market.
As part of the cooperation, Pro-gard will launch the revolutionary DTK Identifier™ and the DTK Drug Test Kit, to provide a safer, more reliable way to obtain immediate diagnosis of unknown substances. The patented technology does not require the user to have direct physical contact with suspect substances and the sampler is protected from any possible contamination.
DTK product line is designed to offer the latest scientific advances in easy-to-use, rugged, and durable packaging. The testing kits can be used in extreme temperature conditions and have a long shelf life. The DTK test kits can test all substances, including traces in the microgram to nanogram range, on both small and very large surfaces. The DTK Drug Test Kit can be used to detect trace amounts of dangerous or illicit chemicals on persons, surfaces, and clothing. DTK Products' kits can also test liquids.
President of Pro-gard Products, Mr. Mike Navarro, states, "Officers are putting themselves at risk every day - especially when it comes to the dangers of coming into contact with illicit and potentially deadly substances. The current way of testing, which has literally been the only way for decades, puts the officer at risk. There are many ways that an officer can unwillingly - through no fault of their own - have contact with these drugs. With the DTK Identifier and DTK Drug Test Kit, the officer eliminates the risk for exposure. This is a game-changer in the industry."
Mr. Amichai Glattstein, Chief Executive Officer, commented: "We are excited to kick off our relationship with Pro-gard, a company who have a deep understanding of the challenges the Law Enforcement in the US face, with decades of experience in assisting in meeting these challenges. The combination of IDenta technology and Pro-gard hands-on market experience in the US will provide improved safety and security both to the Law Enforcement officers and to the public which they serve."
About Pro-gard™ Products, LLC.
Pro-gard™ Products, LLC., a Castleray Company, was established in 1968, with the mission, to build a better protective product for law enforcement officers during prisoner transports. We provide the safest, most durable law enforcement products designed to perform on the open road. We proudly offer our products throughout North America as well as many foreign markets. Pro-gard's corporate office is located in Noblesville, IN. For more information, visit www.pro-gard.com
midastouch017
4 years ago
IDenta Corp Reports 2020 First Quarter Financial Results Showing an Increase in Sales During COVID-19
Published: May 14, 2020 at 12:11 p.m. ET
JERUSALEM, May 14, 2020 /PRNewswire via COMTEX/ -- JERUSALEM, May 14, 2020 /PRNewswire/ -- IDenta Corp. (OTCQB: IDTA) is a worldwide leader in the development of Detection Kits to identify Drugs and Explosives and Unique Forensic Products in the Homeland Security Market and Consumer Market. Today IDenta Corp reported its 2020 first quarter financial statement. The revenue was $227,571 for the first quarter of 2020 compared to $197,384 for the same period of 2019. This is a 15% increase in sales.
Mr. Amichai Glattstein, Chief Executive Officer, commented: "The Company today presented amazing results in its financial report, especially in light of the global economic situation. Sales increased during the pandemic. IDenta streamlined and improved both production and management, resulting in increased profitability and efficiency. The company's products are required even during the Corona virus pandemic and are not luxury items. The war on drugs and crime does not stop and even grows. Explosive detection still remains paramount. We are excited to be part of a number of limited companies that have maintained stability and even increased sales during this challenging time."
Highlights of the First Quarter of 2020 compared to the First Quarter of 2019:
Revenues for the First quarter of 2020 were $227,571 compared to revenues of $197,384 in the first quarter of 2019. This is a 15% increase in sales;
Gross profit increase to $195,882 in the first quarter of 2020 compared to gross profit of $131,381 in the first quarter of 2019. This is a 49% increase.
Operating profit increased exponentially to $72,247 for the first quarter of 2020 compared to operating profit of $6,021 in the first quarter of 2019. This is a 1,200% increase and represents both the increase in revenues as well as significant streamlining in operations;
Net profit increased dramatically to $72,471 in the first quarter of 2020 compared to $(3,039) in the first quarter of 2019. This was a result of optimizing manpower, improving production line and improving the profitability of the company in selling its products.
Cash and cash equivalents decrease to $140,453 for the first quarter of 2020 compared to $224,623 for the first quarter of 2019 as a result of giving extra credit to distributors.
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tedpeele
4 years ago
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