Biometric firm Evermedia ups revenue 375 percent
Biometric firm Evermedia Group, Inc. announced second quarter 2012 revenue of $703,620, an increase of more than 375 percent over the same period in 2011 and nearly 70 percent of all revenue generated in fiscal year 2011 as represented by company financials posted August 21, 2012.
This dramatic increase in revenue is largely attributable to revenue generated by an increase in site completions and billable full time employees providing biometric and business analysis support under government contracts.
The firm’s main product, the Evermedia Identity Network (eIN) is a secure biometric-enabled application that allows its clients to capture, transmit and store biometric data as a means to positively authenticate a person’s identity without government issued, or paper based, documents such as passports, driver’s licenses and social security cards. Deploying eIN eliminates the need to constantly provide credit card information to vendors, allow banking transactions to occur without ATM and debit cards.
The firm trades publicly on the over-the-counter market, using the symbol EVRM.