DALLAS, Feb. 9, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring L-1 Identity Solutions Inc. (NYSE:ID). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/ID
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L-1 Identity Solutions Inc. (ID) is a provider of technology, products, systems and solutions, and services that protect and secure personal identities and assets. ID operates in two business segments. The Identity Solutions segment offers secure credentialing, biometrics and enterprise access solutions; the Services segment offers enrollment services to federal and state government agencies and commercial enterprises, and financial institutions.
In the report, the analyst notes:
"Based on a preliminary review of fourth-quarter 2009 results, the Company expects revenue for the quarter ended December 31, 2009, of approximately $160.0 million and Adjusted EBITDA of $23.0 million - $25.0 million. The decrease from previously announced expectations of revenue between $180.0 million - $190.0 million and Adjusted EBITDA of $30.0 million to $35.0 million is due primarily to the delay in the award of an enterprise license with an existing U.S. customer.
"ID last week announced that it will be the exclusive provider for the program formerly known as Registered Traveler as a result of Alclear LLC winning the competitive bid for Verified Identity Pass Inc. assets. The competitive bidding process was conducted through procedures approved by the U.S. Bankruptcy Court, Southern District of New York. In connection with Alclear's purchase of VIP's assets, ID is expected to receive a multi-year contract to serve as prime integrator for the program formerly known as Registered Traveler."
To read the entire report visit: http://www.beaconequity.com/i/ID
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