Company Description
Iveda Solutions, Inc. (NASDAQ: IVDA, IVDAW) is described as a worldwide provider of artificial intelligence (AI) video search, Internet of Things (IoT), video surveillance and smart city digital transformation technologies. The company appears in the information sector under software publishers and focuses on cloud-based video AI search and surveillance technologies that, according to multiple company communications, are developed to protect people, places and things while adding intelligence to existing infrastructure.
According to public descriptions in press releases, Iveda provides global solutions for cloud-based video AI search and surveillance technologies and operates using IoT platforms with smart sensors and devices. These platforms are described as supporting use cases in public safety, security, elderly care, energy efficiency and environmental preservation. The company highlights that its technology is designed to provide instant intelligence to existing infrastructure, enabling cities and organizations around the world to pursue smart city deployments and broader digital transformation.
In various announcements, Iveda references specific technology offerings and platforms. These include IvedaAI intelligent video search technology, Sentir and IvedaXpress video surveillance products, and IoT platforms such as IvedaPinpoint and IvedaCare. IvedaAI is described as using deep learning technology for advanced AI video search, adding intelligence to existing video surveillance cameras and supporting applications such as public safety, traffic intelligence and detection of conditions like flooding. IvedaXpress is described as an enterprise-level plug-and-play cloud-based video surveillance solution supported by secure remote data centers with fault-tolerant infrastructure.
The company also describes solutions branded under Utilus smart pole technology, which brings together video surveillance, AI-based video analytics, IvedaSPS (a smart power system) and IvedaPinpoint location-based trackers and smart sensors in a centralized platform integrated into existing infrastructure. Utilus deployments are described as providing smart, multi-purpose poles that can support applications such as parking and traffic management, electric vehicle charging, detection of street flooding and remote management of local devices, using real-time data and alerts.
In the area of elderly care and aging-in-place technology, Iveda communications describe IvedaCare as a cloud-based wireless sensor and AI caregiver service. IvedaCare is presented as collecting real-time data through wireless sensors and using AI-driven decision-making software to generate analytics and alerts that can support caregivers and healthcare personnel. Described capabilities include ambient fall detection, medication adherence monitoring and real-time location monitoring, with information accessible through a mobile application.
The company also highlights partnerships and joint ventures as part of its business activities. Public announcements describe a joint venture in the Philippines (Iveda Philippines JV) focused on smart city technology deployments for municipalities, and an exclusive distribution agreement with Logistica Corporativa Agua Azul, part of the Grupo Desson portfolio, for AI video search and IoT technology in the Latin American market. Other communications describe collaborations with organizations such as Movement Interactive and Care Daily to apply Iveda’s AI and IoT technologies in senior living communities and aging-in-place applications, and a partnership with Evergreen Aviation Technologies Corp. related to unmanned aerial vehicles (UAVs) incorporating Iveda’s AI video analytic and sensor technologies.
According to repeated company descriptions in press releases, Iveda is headquartered in Mesa, Arizona, and has a subsidiary in Taiwan. The company is publicly traded on the Nasdaq Capital Market under the ticker symbol IVDA, and its publicly traded common stock purchase warrants trade under the ticker symbol IVDAW. The business emphasizes its role in smart city innovation and digital transformation projects in regions that include Taiwan and the Philippines, as described in its own communications.
In capital markets communications, Iveda has described itself as specializing in IoT platforms that offer service providers a turn-key cloud video surveillance system, smart sensors and intelligent video search technology, utilizing proprietary command center, big data storage and deep-learning algorithms. The company has also disclosed that it received SAFETY Act protections from the U.S. Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider.
For investors researching IVDAW, the warrant represents publicly traded common stock purchase warrants associated with Iveda’s common stock. In a reverse stock split announcement, the company stated that the publicly traded common stock purchase warrants (NASDAQ: IVDAW) would be proportionately adjusted under the terms of the warrant agreement in connection with a 1-for-8 reverse stock split of the company’s common stock, with each eight warrants entitled to acquire one share of common stock at a revised purchase price per share specified in that announcement.
Business focus and applications
Based on the company’s own descriptions, Iveda’s technology is applied in several areas:
- Smart city deployments: Use of AI video search, IoT platforms, smart sensors and smart power systems in municipal and national projects, including smart poles and network communication systems.
- Video AI search and surveillance: Cloud-based systems and AI video analytics that can be integrated with existing camera infrastructure.
- Elderly care and health-related monitoring: IvedaCare and related AI caregiver services for senior living communities and aging-in-place scenarios, using wireless sensors and AI analytics.
- Security and safety applications: Partnerships with security service providers and government-related entities to apply AI video analysis and IoT technology for physical security and surveillance.
Capital markets and listing information
Iveda has communicated that its common stock and publicly traded common stock purchase warrants are listed on the Nasdaq Capital Market under the symbols IVDA and IVDAW, respectively. In a reverse stock split announcement, the company stated that it had approved a 1-for-8 reverse stock split of the outstanding and authorized shares of its common stock and a corresponding adjustment to the publicly traded common stock purchase warrants. The company indicated that the purpose of the reverse stock split was to maintain the listing of its common stock and publicly traded common stock purchase warrants on the Nasdaq Capital Market.
In another communication, Iveda announced a private placement of common stock and warrants pursuant to a securities purchase agreement with institutional investors, describing the issuance of shares and warrants and related registration rights. In a later current report on Form 8-K, the company reported shareholder approval of the issuance of Series A and Series B common stock purchase warrants and the shares of common stock underlying those warrants.
In a separate Form 8-K, Iveda reported that it had received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC granting an extension to regain compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market, subject to certain terms. The company also disclosed the possibility of delisting if it failed to regain and evidence compliance with the applicable rule and noted the availability of an appeal process under Nasdaq rules.
Geographic footprint
According to multiple press releases, Iveda is headquartered in Mesa, Arizona, and has a subsidiary in Taiwan. The company has also described activities in other regions through joint ventures, contracts and partnerships, including the Philippines and Latin America, as part of its smart city and security technology deployments.
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Short Interest History
Short interest in IVEDA SOLUTIONS (IVDAW) currently stands at 12.8 thousand shares, up 49.5% from the previous reporting period, representing 0.6% of the float. Over the past 12 months, short interest has increased by 115.9%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for IVEDA SOLUTIONS (IVDAW) currently stands at 4.0 days, up 215.1% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 297% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 8.2 days.