Identillect Technologies Corp V.ID

Technology Software - Infrastructure

Identillect Technologies Corp. operates through its wholly owned subsidiary, Identillect Technologies Inc. is a software development company that has developed an email encryption software solution. Its activities include research, design, and development of an email encryption solution for use by business and individuals in their day-to-day communication. Its software Delivery Trust is a proprietary email encryption technology targets organizations of all sizes, as well as individuals medical professionals, insurance companies, accountants, lawyers, real estate agents, and educators on a monthly subscription basis. Delivery Trust can be accessed by professionals on a range of electronic communication devices. Delivery Trust integrates multi-factor authentication (MFA) for account login as well as recipient verification. MFA combines two or more independent credentials: what the user knows (password), what the user possesses (token) or what the user is like (biometric verification).

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Identillect Technologies Corp

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Post by 2phat4uon Apr 05, 2019 11:33am

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Getting frustrated?

For the nine months ended 30 September 2018, Identillect Technologies Corp revenues increased 28% to $821K. Net loss decreased 37% to $926K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Sales and marketing decrease of 83% to $79K (expense), Professional fees decrease of 45% to $118K (expense), Salaries and wages decrease of 11% to $723K (expense)

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