IDenta Corp Reports Third Quarter 2024 Results with 100% Increase in Sales

HOLLYWOOD, Fla., Nov. 14, 2024 /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. Today announced a remarkable achievement for the third quarter of 2024, reporting a 100% increase in sales compared to the same period last year.

Mr. Amichai Glattstein, Chief Executive Officer, commented: "Under our strategic guidance, IDenta has not only expanded its market share but also introduced groundbreaking innovations that have captured the attention of customers. We've strategically invested in product development, expanded our customer reach, and streamlined operations, and the results are clear. As we look ahead, we remain confident in our ability to sustain this momentum and deliver long-term value to our shareholders and customers. Improved gross margins and operating efficiencies, driving both top-line and bottom-line growth".

Highlights of the Third Quarter of 2024 compared to the Third Quarter of 2023:

• Doubling revenues for the third quarter of 2024 were $366,870 compared to revenues of $173,451 in the third quarter of 2023.
• Gross profit increased to $274,542 in the third quarter of 2024 compared to gross profit of $133,168 in the third quarter of 2023.
• Operating profit is $100,295 in the third quarter of 2024 compared to ($27,899) in the third quarter of 2023.  
• Net profit for the third quarter of 2024 was $102,344 compared to net profit of ($22,837) in the third quarter of 2023.  
• Cash and cash equivalents increased to $469,615 for the third quarter of 2024 compared to $259,953 for the third quarter of 2023.

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: [email protected]

SOURCE IDenta Corp.