International, N.V. ("ICTS") announced its financial results for the year ended December 31, 2017. Revenue for the 2017 year was $297,682,000 as compared to $255,576,000 for the year ended December 31, 2016. Gross profit for the 2017 year was $43,673,000 compared to $32,649,000 for the year 2016. Net income for the 2017 year was $5,770,000 or $0.28 per share compared to $2,342,000 or $0.20 per share for the calendar year 2016. Read all the related news.
Mr. Menachem Atzmon, Chairman of the Supervisory Board, stated: "I am very pleased with management's strategic and operational leadership of the Company which has led to these positive results. ".
About ICTS International N.V.
ICTS specializes in the development and implementation of innovative security concepts and solutions designed to meet the needs of a variety of industries, mainly aviation transportation, border control and sensitive facilities. ICTS International benefits from over two decades of expertise and international operational experience in transportation security, with a particular emphasis on high-risk environments, passenger processing transactions and the integration of security services to provide a comprehensive security solution. The company also offers a wide variety of customized training programs, tailored procedures and a wide range of security consulting services. The company has developed and implemented unique technological solutions, based on its comprehensive approach to security, designed to enhance the level of security, while accelerating the security check process. For more information, visit http://www.icts-int.com.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events. Read all the latest news.
Contact:
ICTS International NV
Alon Raich +31 20 347.10.77
mail@ictsinternational.com
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