ICTS International N.V. (PK:ICTSF)
Business Focus: Airport Services
| Sector: Industrials | Industry: Airport Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Walaardt Sacrestraat 425/5 SCHIPHOL 1117 BM |
| Tel: | N/A |
| Website: | https://ictsintl.com |
| IR: | See website |
| Key People | ||
| Menachem J. Atzmon Chairman of the Supervisory Board | Alon Raich Chief Financial Officer, Joint Managing Director | Rom Shaked Joint Managing Director | Ron Atzmon Member of the Supervisory Board, Managing Director of AU10TIX |
| Business Overview |
| ICTS International N.V. (ICTS) is engaged in the provision of aviation security and other aviation services. The Company operates in three segments: corporate, airport security and other aviation services, and technology. The airport security and other aviation services segment provide security and other services to airlines and airport authorities, predominantly in Europe and the United States. The technology segment is involved in the development and sale of identity security software to financial and other institutions, in Europe and the United States. ICTS, through its subsidiary, Huntleigh USA, Corp. (Huntleigh), engages primarily in non-security related activities in the United States. ICTS, through I-SEC International Security B.V. (I-SEC) and its subsidiaries, supplies aviation security services at airports in Europe and the Far East. ICTS, through Au10tix Ltd. (Au10Tix) and AU10TIX B.V., develops technological systems and solutions for financial and other institutions. |
| Financial Overview |
| For the six months ended 30 June 2023, ICTS International N.V. revenues increased 31% to $204.4M. Net loss totaled $2.3M vs. income of $7K. Revenues reflect Authentication Technology segment increase of 6% to $26.2M, Spain segment increase from $17.3M to $39.2M, The Netherlands segment increase of 64% to $46.4M. Net loss reflects Selling, general, and administrative increase of 3% to $28.6M (expense). |
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