Market Facts:
Listing: OTC Bulletin Board (OTCCBB)
Symbol: DVNTF
Average Daily Volume: 34,000
Common Shares Outstanding: 43 Million (at December 31, 2007)
Corporate Facts:
Established: 1993
Fiscal Year End: December 31
Number of Employees: ~40
CEO: Albert Wahbe
Offices:
- Toronto, Canada
- Boston, Massachusetts, US
Markets:
Industry: Technology
Sector: Mobile Authentication Security and Personal Data Access
Vertical Markets:
- Health Services
- Financial Services & Payment
- Software Security Vendors
- Storage & Memory Device
Manufacturers
Financial Performance:
In millions of dollars, except EPS |
2007
actual |
2006
actual |
Revenues |
$4.5 |
$1.7 |
Net Income/(Loss) |
($3.4) |
($3.5) |
EPS |
(0.09) |
(0.12) |
|
|
|
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Diversinet Overview
Diversinet is a leading provider of strong authentication security and access solutions for mobile consumer identity management and personal data access. Using Diversinet's one-time-password authentication method and the MobiSecure™ technology, the company provides a suite of easy-to-use mobile authentication and secure personal data access products to help businesses reduce the cost of identity theft, add new service offerings and revenue streams, and comply with industry regulations. Leveraging strengths in provisioning and authentication security over-the-air, to almost any mobile device, the company protects personal communications and transactions and facilitates innovative new consumer services independent of device, network or application. The company has OEM licensing agreements with RSA Security and Verisign, and partnership agreements with Gemplus, Obethur, SanDisk, Magna Entertainment and ECONZ Wireless.Investment Catalysts 1/ Strong patent portfolio and R&D investments, unique and longstanding strengths in wireless, mobility and security technology.
2/ Strong identity security and authentication industry growth - $6.77 billion market for authentication by 2008. (Janney Montgomery Scott report, Nov. 2005)
3/ Scalable subscription and licensing revenue model and the confidence of RSA Security and Verisign as OEM customers.
4/ Market ready, easy-to-deploy, easy-to-use consumer authentication, plus unique personal data access solutions.
5/ Strengthening financial results year-over-year and recent funding gives momentum to achieve objectives. |
