STOCK TITAN

IDenta Corp Reports Remarkable Results in 2024 Annual Report

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

IDenta Corp (OTCQB: IDTA), a leader in Field Detection and Home Diagnostic Testing Kits, has reported significant financial growth in its 2024 annual report. The company achieved revenues of $1,455,488, up from $1,051,590 in 2023, while gross profit increased to $778,402 from $509,114.

Notable achievements include an impressive rise in operating profit to $305,805 from a loss of ($1,499) in 2023, and a substantial increase in net profit to $258,343 from $14,644. Cash and cash equivalents grew to $414,314 from $264,294.

The company attributes its success to strategic market expansion through new distributors, enhanced operational efficiency, and strong customer satisfaction initiatives.

IDenta Corp (OTCQB: IDTA), un leader nei kit di rilevamento sul campo e test diagnostici per la casa, ha riportato una significativa crescita finanziaria nel suo rapporto annuale del 2024. L'azienda ha raggiunto entrate di $1.455.488, in aumento rispetto a $1.051.590 nel 2023, mentre il profitto lordo è aumentato a $778.402 da $509.114.

Tra i risultati notevoli si segnala un'impressionante crescita del profitto operativo a $305.805 rispetto a una perdita di ($1.499) nel 2023, e un sostanziale aumento del profitto netto a $258.343 da $14.644. La liquidità e le disponibilità liquide sono cresciute a $414.314 da $264.294.

L'azienda attribuisce il suo successo all'espansione strategica del mercato attraverso nuovi distributori, un'efficienza operativa migliorata e forti iniziative di soddisfazione del cliente.

IDenta Corp (OTCQB: IDTA), un líder en kits de detección en campo y pruebas diagnósticas para el hogar, ha informado un crecimiento financiero significativo en su informe anual de 2024. La empresa logró ingresos de $1,455,488, en comparación con $1,051,590 en 2023, mientras que la ganancia bruta aumentó a $778,402 desde $509,114.

Logros notables incluyen un impresionante aumento en la ganancia operativa a $305,805 desde una pérdida de ($1,499) en 2023, y un aumento sustancial en la ganancia neta a $258,343 desde $14,644. El efectivo y equivalentes de efectivo crecieron a $414,314 desde $264,294.

La empresa atribuye su éxito a la expansión estratégica del mercado a través de nuevos distribuidores, una mayor eficiencia operativa y fuertes iniciativas de satisfacción del cliente.

IDenta Corp (OTCQB: IDTA), 현장 탐지 및 가정 진단 테스트 키트 분야의 선두주자가 2024년 연례 보고서에서 상당한 재무 성장을 보고했습니다. 회사는 수익이 $1,455,488에 달하며, 이는 2023년의 $1,051,590에서 증가한 수치입니다. 총 이익은 $778,402로 증가했으며, 이는 $509,114에서 증가한 것입니다.

주목할 만한 성과로는 운영 이익이 $305,805로 증가했으며, 2023년에는 ($1,499)의 손실을 기록했습니다. 순이익은 $258,343로 증가했으며, 이는 $14,644에서 증가한 것입니다. 현금 및 현금성 자산은 $414,314로 증가했으며, 이는 $264,294에서 증가한 것입니다.

회사는 새로운 유통업체를 통한 전략적 시장 확장, 향상된 운영 효율성 및 강력한 고객 만족 이니셔티브 덕분에 성공을 거두었다고 설명했습니다.

IDenta Corp (OTCQB: IDTA), un leader dans le domaine de la détection sur le terrain et des kits de diagnostic à domicile, a rapporté une croissance financière significative dans son rapport annuel 2024. L'entreprise a réalisé des revenus de $1,455,488, en hausse par rapport à $1,051,590 en 2023, tandis que le bénéfice brut a augmenté à $778,402 contre $509,114.

Parmi les réalisations notables, on note une augmentation impressionnante du bénéfice d'exploitation à $305,805 contre une perte de ($1,499) en 2023, et une hausse substantielle du bénéfice net à $258,343 contre $14,644. Les liquidités et équivalents de liquidités ont augmenté à $414,314 contre $264,294.

L'entreprise attribue son succès à une expansion stratégique du marché grâce à de nouveaux distributeurs, une efficacité opérationnelle améliorée et de fortes initiatives de satisfaction client.

IDenta Corp (OTCQB: IDTA), ein führendes Unternehmen im Bereich der Felddetektion und häuslicher Diagnosetests, hat in seinem Jahresbericht 2024 ein signifikantes finanzielles Wachstum gemeldet. Das Unternehmen erzielte Einnahmen von $1.455.488, ein Anstieg von $1.051.590 im Jahr 2023, während der Bruttogewinn auf $778.402 anstieg von $509.114.

Bemerkenswerte Erfolge umfassen einen beeindruckenden Anstieg des Betriebsgewinns auf $305.805 von einem Verlust von ($1.499) im Jahr 2023, sowie einen erheblichen Anstieg des Nettogewinns auf $258.343 von $14.644. Die liquiden Mittel und Zahlungsmitteläquivalente wuchsen auf $414.314 von $264.294.

Das Unternehmen führt seinen Erfolg auf eine strategische Marktexpansion durch neue Vertriebspartner, verbesserte operative Effizienz und starke Kundenbindungsinitiativen zurück.

Positive
  • Revenue increased 38.4% to $1.45M in 2024
  • Gross profit grew 52.9% to $778,402
  • Operating profit surged to $305,805 from previous year's loss
  • Net profit increased dramatically to $258,343 (1,665% growth)
  • Cash and cash equivalents up 56.8% to $414,314
Negative
  • None.

HOLLYWOOD, Fla., March 31, 2025 /PRNewswire/ -- IDenta Corp. (OTCQB: IDTA) is a worldwide leader in the development of Field Detection and Home Diagnostic Testing Kits for Narcotics, Explosives and Unique Forensic Products in Homeland Security and Consumer Markets. IDenta Corp reports today remarkable results in 2024, marked by significant growth and increased profitability. The annual report published today shows impressive results, driven by strong customer satisfaction and operational efficiency improvements. This success is a testament to IDenta Corp's dedication to providing high-quality products and expanding its market reach.

"The positive results outlined in our 2024 annual report demonstrate the continued success of IDenta Corp.," said Amichai Glattstein, CEO. "Our commitment to customer satisfaction, coupled with our strategic expansion into new markets via new distributors, has fueled impressive revenue growth and a dramatic increase in net profit, setting a strong foundation for continued success in the coming year."

The company's proactive marketing efforts and the addition of new distributors in previously untapped territories directly contributed to a substantial revenue increase compared to the previous year. This expansion broadened IDenta Corp's market presence and opened new opportunities for growth. Furthermore, the company's commitment to operational efficiency resulted in a dramatic rise in net profit.

Key Highlights from the 2024 Annual Report include:

  • A substantial increase in revenues for 2024 which was $1,455,488 compared to revenues of $1,051,590 in 2023.
  • Gross profit increased to $778,402 in 2024 compared to gross profit of $509,114 in 2023.
  • Operating profit increased impressively to $305,805 in 2024 compared to ($1,499) in 2023.
  • A dramatic rise in net profit in 2024 which was $258,343 compared to net profit of $14,644 in 2023.
  • Cash and cash equivalents increased to $414,314 for 2024 compared to $264,294 for 2023.

IDenta Corp's success in 2024 is a direct result of a strategic focus on customer satisfaction, operational excellence, and market expansion. The company's commitment to these key areas positions it for continued success in the future.

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

Cision View original content:https://www.prnewswire.com/news-releases/identa-corp-reports-remarkable-results-in-2024-annual-report-302415964.html

SOURCE IDenta Corp

FAQ

What was IDenta Corp's (IDTA) revenue growth in 2024?

IDenta Corp's revenue grew to $1,455,488 in 2024, representing a 38.4% increase from $1,051,590 in 2023.

How much did IDenta Corp's (IDTA) net profit increase in 2024?

IDenta Corp's net profit dramatically increased to $258,343 in 2024 from $14,644 in 2023, marking a 1,665% growth.

What was IDenta Corp's (IDTA) gross profit for 2024?

IDenta Corp's gross profit reached $778,402 in 2024, up from $509,114 in 2023.

How much cash and cash equivalents did IDenta Corp (IDTA) report in 2024?

IDenta Corp reported cash and cash equivalents of $414,314 in 2024, an increase from $264,294 in 2023.

What drove IDenta Corp's (IDTA) financial performance in 2024?

IDenta Corp's performance was driven by market expansion through new distributors, improved operational efficiency, and strong customer satisfaction initiatives.
Identa Ltd Rvice

OTC:IDTA

IDTA Rankings

IDTA Latest News

IDTA Stock Data

2.02M
4.05M
Diagnostics & Research
Healthcare
Link
Israel
Jerusalem