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Veritec, Inc. Stock Price

OTCPK:VRTC Community·US$4.0k Market Cap
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VRTC Share Price Performance

US$0.0001
-0.02 (-99.50%)
US$0.0001
-0.02 (-99.50%)
Price US$0.0001

VRTC Community Narratives

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Snowflake Analysis

Moderate risk and slightly overvalued.

5 Risks
1 Reward

Veritec, Inc. Key Details

US$442.0k

Revenue

US$188.0k

Cost of Revenue

US$254.0k

Gross Profit

US$1.4m

Other Expenses

-US$1.1m

Earnings

Last Reported Earnings
Sep 30, 2024
Next Reporting Earnings
n/a
-0.029
57.47%
-258.37%
-91.3%
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About VRTC

Founded
1982
Employees
7
CEO
Van Tran
WebsiteView website
www.veritecinc.com

Veritec, Inc., together with its subsidiaries, engages in the development, sale, and licensing of products and providing services related to its mobile banking solutions in the United States. The company offers Mobile Toggle Card-Visa prepaid card program, a debit based, pre-paid, and gift card solution to debit card issuers and sponsoring organizations; and blinx ON-OFF debit card-Visa prepaid card programs. It also provides custom branded debit card program that enables card issuers and sponsors to issue debit, pre-paid, and gift cards under its branded programs through the licensed use of the mobile banking platform, as well as related professional services. In addition, the company offers blinxPay mobile wallet application, a payment processing system that enables customers to make purchases at participating merchants using funds loaded into their blinxPay virtual account. Further, it offers mobile banking solution that enables member card programs to process and settle member rewards in open or closed loop processing environment, as well as back-end card processing services to the card issuing institutions for various cardholder transactions on the licensed platform. The company was incorporated in 1982 and is headquartered in Golden Valley, Minnesota. Veritec, Inc. operates as a subsidiary of The Matthews Group, LLC.

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