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Identillect Technologies Corp V.ID

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).


TSXV:ID - Post by User

Post by Dudeforeveron Mar 16, 2021 2:27pm
133 Views
Post# 32809017

Another reason to buy ID...soon

Another reason to buy ID...soonThere's been some misinformation being spread regarding revenue.  Perhaps we'll take a stab at presenting facts.

As per Yahoo Finance:

2019

Total Revenue: $539,223
Gross Profit: 503,442

2020

Total Revenue: Q1,Q2,Q3 - 931,232
                          Projected Q4 310,410
                          Combined 2020 Revenue: 1,241,642
Gross Profit: 1,045,882

Over the last two years revenue has grown by 132%, and gross profit is up 107%.

When Q4 financials and year-end results are released we'll have halt-worthy numbers.

It's accepted norm for tech growth stocks to trade at 40/50 times revenue.

At current revenue levels:

40x revenue: Share price - .34
50x revenue: Share price - .425

The Q4 and year-end results should come within a month.  Single digit share prices will almost certainly be left behind.

GLTA

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