Identa Corp (IDTA)

[chainma1l]

Their sales are just back to where they were 2 or 3 years ago.
If their products actually work, they need to go private and actually pay for an actual head of sales. Their revenue growth for the last 20 years is a joke.
Financials show .2 book value. No reason to stay public with the share count and revenue. There is no market for these shares. Although, I don't understand how IDTA hasn't been memed to at least a couple of dollars.

[_MMM]

Results for Q3 2024 are out. It looks well: https://www.otcmarkets.com/stock/IDTA/news/IDenta-Corp-Reports-Third-Quarter-2024-Results-with-100-Increase-in-Sales?id=459163 ... (based on the press release, I didn't go through the FS thoroughly).

[chainma1l]

They had the call on the 4th of July that said something about shareholders getting "free" shares in some company that is going to cure cancer and I couldn't tell if that company was going to start trading as IDTA and take over the ticker or if it was even going to be a publicly traded company. Have any of the IDTA shareholders received any information from the company? They are required to make material events public. That sure seemed material and that free Zoom call on a market holiday does not qualify as making the event public. The company has said nothing since. Just curious if shareholders have received some sort of communication.

[chainma1l]

How does a company make a major announcement on a market holiday and not have to PR that information? It is material and should be filed.
Did any shareholders receive the information that was promised in the call?

[chainma1l]

Did any shareholders get the information they promised on the call? I'd love to see what's in it. That call was not structured, they were using free Zoom service and whoever the guy was that talked forever just rambled about how amazing he is. Also seemed like one of the IDTA founders had no idea whatever the deal is was even in the works.
Looks like they went back to the dark side after running "legitimately" for the past few years. I'm surprised it took so long. I'm guessing they are going to dilute the shit out of IDTA relatively soon. But don't worry bagholders! Oops, I mean SHAREHOLDERS. You'll have that 10% of whatever the hell the other company is.

[chainma1l]

Another subpenny that is now going to cure cancer.
Back to pump and dump status with Identa.
4th of July meeting was to keep people from watching.
Shady.

[chainma1l]

Could be licensing their technology/method/product rather than trying to do it all themselves. Hard to imagine the company becoming less effective than it has been since inception.

[_MMM]

Amichai Glattstein, CEO of IDenta Corp said, "We are excited about the coming shareholder's meeting. On the agenda of the meeting will be a change in the company's structure after approval of an initial proposal by the company's board of directors and management. We look forward to seeing all the attendees."

Let's see what's going to change...

[chainma1l]

4th of July for the shareholder meeting? Are they trying to hide something? Most shareholders likely live in Israel, but why not have it on the 3rd or 5th so any US investors would be more likely to tune in? Just seems like an odd choice since they supposedly opened an office in the US to increase sales.

[chainma1l]

There is a massive market for their products and there has been for years, but either their sales organization is completely inept or their products don't work. Could be both. I honestly don't know why they don't just take it private. This company has been in business for years.and has just really not done much. Margins are good.

[_MMM]

I do not know about "meming" but I do agree that YOY the Q1 results looks good, but overall the performance as viewed by shareholders is rather sad and so is the current stock price. And I think it is a pity, because the sector is very interesting and in today's world, there is (unfortunately) a lot of demand for their products.

[chainma1l]

Meme the shit out of IDTA. Actually, the officers just need to take it private. Their sales relative to last year look great, but less than $1.5 million/yr run rate after what, 20 years in business, is not good.

[_MMM]

IDenta Corp Reports Blowout First Quarter 2024 Results with Strong Increased in all Categories: https://www.prnewswire.com/il/news-releases/identa-corp-reports-blowout-first-quarter-2024-results-with-strong-increased-in-all-categories-302147823.html

[chainma1l]

Take. It. Private.
This company continues to go backwards. Possible that the war has caused problems for them, but they made a big deal about the US office.

[chainma1l]

Sell the company. Performance is abysmal. Marketing must be completely worthless. Sounds like they make products that would be in VERY high demand right now. So either their products don't work or they don't have the sales expertise. People on Etsy are doing bigger numbers than this company.
Take it private or sell it.

[chainma1l]

Pack it in. No interest in the stock at all and just slightly more than zero interest in their products. IDTA has been at this for decades and cannot generate any worthwhile amount of sales. Either their products don't work or they simply aren't that useful to many.
I looked through a few events listed here: https://www.identa-corp.com/news/events/ and didn't see Identa as attending/sponsoring/presenting on any of them. I'm guessing they just put them on their website for SEO purposes, though the PR does state "participation in 12 different trade shows during the year".
Margins are excellent. Everything else is pointless.
Take it private. At this point it won't cost more than $1.25/sh.

[chainma1l]

Is IDTA going to get memed or did somebody just think it was undervalued? Decent pop out of the blue, volume and price. Maybe someone is giving IDTA shares for Christmas.

[chainma1l]

Stagnant revenue again. Their sales and marketing is apparently worthless.

[chainma1l]

Buyout coming.
My guess is somewhere around $2.5. I have been saying they should take it private for years. Maybe insiders buy it out or larger company pays $5/sh, but I think selling the company is in the best interest of shareholders. They are not increasing sales quickly enough.

IDenta Corp Develops Test Kit to Identify Fentanyl in Cocaine and Crack, Available for Purchase Online
https://finance.yahoo.com/news/identa-corp-develops-test-kit-141500816.html

[chainma1l]

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: [phone]
E: [e-mail]

[RichieBoy]

Max I'm still trying to break bad habits 10 years later! You must have hit a chord with me as I filed this away for safe-keeping. Good trading

[chainma1l]

Interesting. Actual marketing.
I don't think that video makes it clear that the test is for the substance and not the person. People hear "drug test" and they are thinking blood/urine, not the actual substance.

https://finance.yahoo.com/news/identa-corp-promote-touch-know-141500419.html

[chainma1l]

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: [phone]
E: [e-mail]

SOURCE IDenta Corp.

[chainma1l]

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: [phone]
E: [e-mail]
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.

[chainma1l]

This board gets no traffic. Pretty sure that's why it wasn't mentioned. Couple the lack of substance in the press release and the inability to generate any meaningful revenue after almost 20 years, and you can see why the pps can't even stay at $1. Why do they bother keeping this company public?

[_MMM]

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]

Old news. What does "front office" even mean?

[_MMM]

IDenta Corp has Launched a Front Office in the Washington DC Area:

https://www.wsj.com/articles/identa-corp-has-launched-a-front-office-in-the-washington-dc-area-01638904811

[hweb2]

They're supposed to file by 11/15, so any day now. Wouldn't expect too much, as they have a very difficult comparison vs last year

[chainma1l]

No earnings at 10:30am today. Maybe next Thursday?

[chainma1l]

OK, then. Please disregard THAT part if my post.
Thank you for the information!

[hweb2]

Markets are open this Thursday. I thought I remembered them closing for Veterans Day before. But it looks like only the bond market is closed this Thursday

[chainma1l]

Earnings on November 12 last year. That was a Thursday. Earnings on November 14 in 2019. Also a Thursday. Market is closed this year on Thursday. Identa probably won't be closed. Nothing stopping them from releasing on Thursday, it just would be a dumb move since nobody will see the PR unless they are actively looking for it.

IDenta Corp Reports Blowout Third Quarter 2020 Results with Record Profit

IDenta Corp Reports 2019 Third Quarter Financial Results Surpassing all of 2018 Sales

[midastouch017]

Identa Corp (QB) (IDTA)
1.06 ? -0.39 (-26.90%)
Volume: 3,999 @09/14/21 2:58:02 PM EDT

Says it all!

[chainma1l]

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."

[chainma1l]

No question about that. I just think it's going to take many more years to get the stink off from their early days. If they could generate some revenue, that "years" would turn to "days" very quickly. But they just can't consistently generate new revenue. I think the online direct sales will generate a few thousand dollars, but nothing significant. At least not for another year or two. Their marketing is consistently worthless.
With the supposed miniscule float and massive insider ownership, the stock should be more volatile than it is. There is just no interest in it. They should just take it private and maybe IPO in a couple years. I see no benefit in being public for them.

[Pennyes]

Seems so!!.. but making profits and being profitable is far more appealing than a junk or shell or scam that it was before!...so that is a step in right direction!!!

[chainma1l]

They have been profitable for a while now. They just can't generate much in the way of new revenue. Seems like their products function.

[Pennyes]

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.

[Pennyes]

it is a Israel co?, Lol!!

[chainma1l]

IDTA still the same after all these years.
Their location in the US, in Hollywood, FL is some person's apartment AND they left the second "e" off "avenue".
https://touch-know.com/pages/contact
Not sure why it took them years to come up with some sort of retail option after Walgreens dumped them.
Their marketing is worthless.

[_MMM]

Q2 financials are out: https://www.otcmarkets.com/stock/IDTA/news/IDenta-Corp-Reports-2021-Second-Quarter-Financial-Results-and-Shows-Record-Efficiencies-with-an-Increase-in-Net-Profit?id=316510

Lower revenues compared to Q2/2020 (covid), however increased gross/net profit (costs are being cut).

[_MMM]

New press release: https://www.otcmarkets.com/stock/IDTA/news/IDenta-Corp-to-Equip-UN-Forces-in-Multiple-Countries-for-Drug-Testing-at-Airports?id=308357

It is another contract with UN (I found they already have a small one for procurment of explosive test kits for UN in Somalia from January 2021).

[_MMM]

Identa Corp. was amongst the exhibitors during the SelectUSA Investment Summit last week (https://www.selectusasummit.us/Exhibitor-&-Sponsor/Exhibitors).

They promoted their consumer brand Touch & Know (https://touch-know.com/) which supplies drug testing devices that allows you to discreetly detect the drug on surfaces such as on the table, on your computer keyboard, on bathroom floors without the knowledge of the drug suspect.

[_MMM]

Interview with CEO from March 2021: https://ceocfointerviews.com/identacorp21.html

[_MMM]

First quarter of 2021 also looks strong: https://www.otcmarkets.com/stock/IDTA/news/IDenta-Corp-Reports-2021-First-Quarter-Financial-Results-and-Shows-a-54-Increase-in-Sales?id=303077 (revenue growth of 54% over the prior year quarter).

[_MMM]

Also in March they announced that they are going to supply detection field kits to the Federal Police in Brazil to check packages for UPS, FedEx and DHL couriers: https://www.otcmarkets.com/stock/IDTA/news/IDenta-Corp-to-Equip-Cargo-Detection-for-UPS-FedEx-and-DHL-Couriers-by-Federal-Police-in-Brazil?id=292294

With the share price dipping under § 1 it might be a buy candidate (after the spike of the share price in the 2nd half of last year, it starts making sense again).

[metbull]

New Order Form france, nice.??
https://finance.yahoo.com/news/identa-corp-receives-525-000-151500841.html

[chainma1l]

Nice, but probably not much in terms of revenue.
https://finance.yahoo.com/news/identa-explosives-detection-technology-approved-151500847.html

I still wonder why so many years of outright lies by this company, but it appears they have been running things above board for the past few years.

[tedpeele]

huge in terms of validation, as ELAL isn't some small regional airline -- it is the top airline in Israel.

But yes I would like to see some numbers too. ELAL operational expenses in 2019 were $1.83 billion, but how much of their expenses goes toward's security, I don't know.