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$IDN @tribepublic sharing key takeaways are:
- CEO Bryan Lewis is a guy that turnaround companies with good products
- Previous company track record ( 9 mil to 90 mil Sales ) in 3 years
- IDN just need focus heavily on Sales & Marketing in upcoming years, product feed is there
- CEO Bryan Lewis is a guy that turnaround companies with good products
- Previous company track record ( 9 mil to 90 mil Sales ) in 3 years
- IDN just need focus heavily on Sales & Marketing in upcoming years, product feed is there
- Michael Ehlers is a professional salesman hunter, with good track record, continue to bring in great salesman
- AAMVA & DMV only works very closely with IDN due to past government contract history, not something they will share to other companies.
- AAMVA & DMV only works very closely with IDN due to past government contract history, not something they will share to other companies.
- Live demo from Bryan, other competitors are just scanning, cannot catch fake IDs.
- Another payment structure for more mission critical industry (eg. Automobile)
- Fairly Strong Patent Portfolio (person-not-present)
- Want to own the market, product stickiness is there
- Another payment structure for more mission critical industry (eg. Automobile)
- Fairly Strong Patent Portfolio (person-not-present)
- Want to own the market, product stickiness is there
1. Is the amount earned around $0.20 per scan? other than based Saas Revenue
Ans : Bryan do not want to disclose pricing per scans as they are looking to increase the price across the board ( for per scan model)
Ans : Bryan do not want to disclose pricing per scans as they are looking to increase the price across the board ( for per scan model)
2. Mobile phone biometric to authenticate their purchases for online & offline shopping, will it affect Intellicheck's future in identity verification?
Ans: Enrollement (is it you) first before biometric. Normal mobile biometric are not secure enough.
Ans: Enrollement (is it you) first before biometric. Normal mobile biometric are not secure enough.
3. What is the company aim for their growth rate & growth drivers?
Ans: Split into 3 growth drivers. [1] Upselling, Retails are mainly doing account opening, but pushing into Account Use Case will bring 4X the revenue.
Ans: Split into 3 growth drivers. [1] Upselling, Retails are mainly doing account opening, but pushing into Account Use Case will bring 4X the revenue.
[2] Banks, not into all call centres & branches. Still got 5 more big banks to go & so many regional banks. [3] Pushing into Exam Centres (university or vice versa), Humanitarian aids, Insurance, Automobile, and other industries that need to authenticate.
4. What are your takes on Acquisition or being Acquired?
Ans: Facial Recon will hit 40 billion market cap within the next few years & companies are overvalued. Bryan decided to just partner with them to create facial Recon solutions (profit sharing).
Ans: Facial Recon will hit 40 billion market cap within the next few years & companies are overvalued. Bryan decided to just partner with them to create facial Recon solutions (profit sharing).
Have numerous of growth investors talked to Bryan, asking on being acquired. IDN may be acquired in the future by maybe Banks or Credit Bureau, but its sure will be brought with a premium (it's undervalued at current price of $10, looking at growth prospects)
$IDN Moat:
- 25 years authenticating IDs for military & government facilities led to 21 years of Courtesy Verification Provider relationship with AAMVA
- Courtesy Verification Provider (provides DMV with barcode format testing, past or post release of new driver license)
- 25 years authenticating IDs for military & government facilities led to 21 years of Courtesy Verification Provider relationship with AAMVA
- Courtesy Verification Provider (provides DMV with barcode format testing, past or post release of new driver license)
How many companies have access to Courtesy Verification Provider identification?
- Only $IDN have the access
- Due to CVP for AAMVA, IDN knows every single detail about the barcode & the date it's issued. (states alone have 250 valid format)
- Only $IDN have the access
- Due to CVP for AAMVA, IDN knows every single detail about the barcode & the date it's issued. (states alone have 250 valid format)
