Workflow
Intellicheck Mobilisa, Inc. (IDN) Reports Q3 Loss, Misses Revenue Estimates
IDNIntellicheck(IDN) ZACKS·2024-11-13 23:31

Company Performance - Intellicheck Mobilisa, Inc. reported a quarterly loss of $0.02 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.01, marking an earnings surprise of -100% [1] - The company posted revenues of $4.71 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 3.98%, compared to revenues of $4.76 million a year ago [2] - Over the last four quarters, Intellicheck Mobilisa has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Intellicheck Mobilisa shares have increased by approximately 42.6% since the beginning of the year, outperforming the S&P 500's gain of 25.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.01 on revenues of $5.41 million, while for the current fiscal year, the estimate is -$0.03 on revenues of $19.67 million [7] Industry Outlook - The Security and Safety Services industry, to which Intellicheck Mobilisa belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]