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Veritec Stock Price

Symbol: OTCPK:VRTCMarket Cap: US$4.0kCategory: Tech

VRTC Share Price Performance

US$0.0001
-0.02 (-99.55%)
US$0.0001
-0.02 (-99.55%)
Price US$0.0001

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    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
    Earnings per share (EPS)
    -0.029
    Gross Margin
    57.47%
    Net Profit Margin
    -258.37%
    Debt/Equity Ratio
    -91.3%

    Veritec, Inc. Competitors

     
     
     
     
     
     
     
     
     
     
     
     

    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.

    U.S. Market Performance

    • 7 Days: -2.7%
    • 3 Months: 11.4%
    • 1 Year: 20.5%
    • Year to Date: 5.9%
    Over the last 7 days, the market has dropped 2.7%, driven by a decline of 2.4% in the Information Technology sector. As for the longer term, the market has actually risen by 20% in the last year. As for the next few years, earnings are expected to grow by 15% per annum. Market details ›
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