IDenta Corp Posts Strong Third Quarter Financials, Highlighting Solid Balance Sheet and Growth Prospects
Rhea-AI Summary
IDenta Corp (OTCQB: IDTA) reported third quarter 2025 results showing mixed operational performance and a solid balance sheet position. Revenues rose to $427,519 in Q3 2025 from $366,870 in Q3 2024, while gross profit reached $194,038. Operating profit was $100,770 and net profit was $79,634 for Q3 2025.
Cash and cash equivalents were $604,209 at quarter end. Management highlighted continued global demand for field-detection and home diagnostic kits, a lean cost structure, expanding customer partnerships, and an expectation of revenue growth and margin improvement through 2026.
Positive
- Revenue +16.5% YoY to $427,519 in Q3 2025
Negative
- Net profit -22.2% YoY to $79,634 in Q3 2025
- Cash down -17.9% YoY to $604,209 at Q3 2025
Mr. Amichai Glattstein, Chief Executive Officer, commented: "As the global demand for rapid, accurate field-testing solutions continues to expand, IDenta is poised for accelerated growth. With strong liquidity, a lean cost structure, and expanding customer partnerships, the company anticipates revenue growth and margin improvement through 2026. Our performance this year underscores IDenta's resilience and ability to adapt. We have strengthened our financial foundation, expanded our global presence, and continued delivering vital detection technologies to our partners around the world. We enter 2026 with strong momentum and a clear focus on sustainable, profitable growth".
Highlights of the Third Quarter of 2025 compared to the Third Quarter of 2024:
- Revenues for the third quarter of 2025 were
$427,519 compared to revenues of$366,870 in the third quarter of 2024. - Gross profit increased to
$194,038 $179,413 - Operating profit is
$100,770 $100,295 in the third quarter of 2024. - Net profit for the third quarter of 2025 was
$79,634 compared to net profit of$102,344 - Cash and cash equivalents increased to
$604,209 $735,954
About IDenta Corp.
IDenta Corp. is a global leader in the development and supply of Field Detection and Home Diagnostics Testing Kits for Drugs & Explosives and Unique Forensic Products in the Homeland Security and Consumer Markets. IDenta develops, manufactures and distributes revolutionary products for both the professional Law and Retail markets which consistently pass the highest qualifications and testing procedures of law enforcement and security agencies around the world. For more information, please visit at www.identa-corp.com and www.touch-know.com or follow us on social media.
Safe Harbor Statement
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
Company Contact Information:
Public Relations
Tel: (240) 545-6646
E: pr@identa-corp.com
View original content:https://www.prnewswire.com/news-releases/identa-corp-posts-strong-third-quarter-financials-highlighting-solid-balance-sheet-and-growth-prospects-302614843.html
SOURCE IDenta Corp.
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