EARNINGS: Intellicheck Mobilisa reports net income loss for quarter
Intellicheck Mobilisa, Seattle
Maker of identity-check security scanners, has offices in Woodbury
Quarter: Ended March 31
Net income: Loss of $820,280, compared with loss of $534,740 in the same quarter of 2009
Net revenues: $2.6 million, compared with $2.1 million in the year-ago quarter
Outlook: "Our company continues to grow our top line," said chief executive Nelson Ludlow. Intellicheck's first-quarter revenue increased more than 25 percent compared with 2009's first quarter, and the 2009 first-quarter revenues were 24 percent higher than those in the same quarter of 2008, Ludlow said.
Company statement: "We achieved this success without a 'big contract win' from the Department of Homeland Security," Ludlow said. "We will continue to take steps to increase our commercial and government sales, and to particularly market the identity product that we believe can help DHS save lives at our airports. We are at the right place at the right time."
Out East: Mecox Bay Dairy, Kent Animal Shelter, Custer Institute & Observatory and local champagnes NewsdayTV's Doug Geed takes us "Out East," and shows us different spots you can visit this winter.
Out East: Mecox Bay Dairy, Kent Animal Shelter, Custer Institute & Observatory and local champagnes NewsdayTV's Doug Geed takes us "Out East," and shows us different spots you can visit this winter.
