Intellicheck Mobilisa Inc. (IDN) reported that its fourth-quarter net loss was $1.96 million or $0.07 per share compared to a net loss of $14,000 or break even per share in the year ago quarter.
Revenues for the quarter were $528,000 compared to $2.87 million in the same period of the previous year.
Included in the revenue for the latest-quarter was an adjustment of $671,000 relating to the uncertainty of the collection of certain accounts receivable regarding a contract with the U.S. Navy, which the company learned about during the fourth quarter of 2012.
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