Annual report out. Sales up VERY slightly from 2016. Looks like their margins are improving. Not sure about the share structure, now. Their financials appear to have been audited, but I'm not sure the auditors know what they are doing based on the share structure being inconsistent.
Appears that dilution is already taking place, but with the price
holding over $1 it doesn't look quite as bad.
I'm interested to see Q1 revenues and see if all of their recent PRs pan out to anything. These were all potential Q1 revenue sources:
French contract - $2million over 4 years.
Order from Japanese firm
Spanish Civil Guard
German Armed Forces - 3 year contract. First order of $10,000.
"New Asian Customer" order for $85,000. That is roughly 1/5th of their revenue for the entire year of 2017
Brazil pilot program. According to the PR, Brazil paid $10,000.
New US distributor for US Armed Forces
All of this should show a significant revenue increase in Q1 and that report is due mid-May. The US distributor is one of several over the years. None has produced much of anything.
Their website is still idiotic. None of the recent PRs shows up anywhere on there. www.touch-know.com is no better.
What are these alleged "new products"? Wouldn't THAT information be beneficial to shareholders or customers?
This PR is mostly fluff, but at least it is understandable.
JERUSALEM, ISRAEL / ACCESSWIRE / March 29, 2018 / IDenta Corp. (OTC PINK: IDTA) is a worldwide leader in the development of field drug and explosive detection kits and unique forensic products. Today IDenta Corp published its annual financial statement for 2017. The report shows a modest increase in sales and revenues, which along with a decrease in expenses, resulted in a significant increase in gross profit. 2017 was a year of major changes and challenges in the company including new officers, new products, and IDenta's entry into new markets. In addition, IDenta has entered into several new and exciting partnerships.
Amichai Glattstein, CEO of IDenta Corp, stated, "2018 has already been a very productive year. Revenues to date, along with contracted committed purchases to take place over the next few months, will soon exceed total revenues from 2017. IDenta has become the exclusive provider of field test units for the Armed Forces of Germany and for all French Government Security Forces. IDenta has entered the challenging and complex Brazilian and Japanese markets. Inroads have also been made into the Australian market as well as a number of markets in Africa. The company will put forth major efforts in 2018 to better penetrate the US, Indian and Chinese markets. IDenta is making all necessary adjustments in order to improve sales in these countries which have tremendous potential for the company. IDenta's major and achievable goals for 2018 include a doubling of sales compared to 2017, continued activity in the capital markets and taking all possible actions for the benefit of our shareholders."