ICTSF
ICTS International N.V.3.7000
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
138.50MP/E (TTM)
-Basic EPS (TTM)
-0.20Dividend Yield
0%Recent Filings
8-K
Auditor switch announced
ICTS International N.V. switched auditors on January 13, 2005, appointing Goldstein Golub Kessler LLP to audit its 2003 financial statements and review the September 30, 2004 quarterly results. The prior firm, PriceWaterhouseCoopers, issued clean opinions through June 30, 2004, with no disagreements on accounting or auditing matters. This clean break signals smooth operations. No rationale disclosed.
8-K
Equity plan approved; Q1 restatement
ICTS International approved its 2005 Equity Incentive Plan on November 30, 2004, reserving 1,500,000 common shares for options and restricted stock to attract and retain key talent, pending shareholder approval. The Compensation Committee granted 550,000 options to Chairman Menachem Atzmon at $1.35 per share—fair market value—with 250,000 immediately vested and the rest over three years, partly in lieu of salary; smaller grants went to executives and directors. Yet, on December 21, the company restated Q1 2004 financials, writing off its full $1,716,000 investment in Pioneer after an adverse Pennsylvania Supreme Court ruling, boosting quarterly losses to $9,659,000. This restatement underscores investment risks amid incentive alignment.
8-K
Nasdaq delisting notice appealed
ICTS International N.V. received Nasdaq notice on December 1, 2004, for delisting due to failing the $5,000,000 market value threshold for publicly held shares under Marketplace Rule 4450(a)(2). The company appealed the decision on December 2, 2004, staying the process pending a Listings Qualification Panel hearing. This signals liquidity risks for investors. Delisting looms if the appeal fails.
8-K
Nasdaq delisting threat hits ICTS
ICTS International faces Nasdaq delisting risk after its shares failed to maintain a $5 million minimum market value for 30 days, with 90 days until November 24, 2004, to comply or face removal. Shareholders elected Ran Langer and Avraham Dan as managing directors on August 31, 2004, while Barnea stepped down as CEO. Langer brings security expertise; Dan, fresh from CFO, adds financial oversight. Leadership shakeup tests stability amid listing woes.
8-K
ICTS sells Europe unit to Fraport
ICTS International N.V. completed the sale of its remaining 55% stake in European subsidiary ICTS Europe Holdings B.V. to Fraport AG on February 1, 2002, accelerating the original 2003 timeline via a December 2001 addendum. The deal, part of a 2000 agreement, delivered $100 million total consideration, with $54 million paid on closing and the balance due in Q1 2002, adjustable based on 2001 financial results. This divestiture streamlines ICTS's focus beyond Europe. Adjustments hinge on audited net results.
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