News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

The Best SIM Card Location Tracker

Renske Technologies

In today's technologically advanced world, staying connected has become an integral part of our lives. With the widespread use of mobile phones, SIM cards have become indispensable components that enable communication. Tracking SIM cards has become an essential aspect of modern device management. However, as our reliance on these tiny chips grows, questions arise about the security of sim card details and location tracking possibilities associated with SIM cards. Can a SIM card be tracked? What is a SIM tracker, and what capabilities does it offer? How can one select the best SIM card location tracker? This article delves into these questions, reviews ten of the best SIM card trackers on the market, and provides insightful answers to frequently asked queries. Can a SIM Card Be Tracked? Tracking a SIM card's location is a common concern for various reasons. While SIM cards themselves do not possess built-in GPS capabilities, the devices they are inserted into typically have GPS functionality. This allows for tracking the device's location, and consequently, the SIM card's approximate location. While it's not feasible to directly track a SIM card, tracking the device it's in remains possible. What Is a SIM Tracker and What Can It Do? A SIM tracker is a device or software that helps locate a mobile device equipped with a SIM card. This technology takes advantage of the device's GPS, Wi-Fi, and cellular network connections provided by the mobile network provider to pinpoint its location. Additionally, advanced SIM trackers can offer features like geofencing, which triggers alerts when the device enters or exits predefined areas, ensuring enhanced security and safety. How to Choose the Best SIM Card Location Tracker Selecting the right SIM card location tracker can be a daunting task, given the numerous options available. Due to our practical knowledge, here are some key factors to consider when making your choice: Accuracy: Look for a tracker with precise location accuracy to ensure you can retrieve real-time information. Compatibility: Ensure the tracker is compatible with the target device's operating system. Features: Assess the additional features offered, such as geofencing, location history, and remote locking. Ease of Use: Opt for a user-friendly tracker that doesn't require advanced technical skills. Privacy and Security: Choose a tracker with strong security measures to protect your data. 7 Best SIM Card Trackers We have tested many apps and studied their strengths and weaknesses to provide more detailed information for users. Let's take a look at some of the best SIM card location tracking programs: Scannero Scannero stands as a top-tier SIM card location tracker, offering a range of cutting-edge features that cater to diverse tracking needs. With its advanced technology and intuitive user interface, Scannero sets a high standard for location tracking solutions. This tracker excels in providing real-time tracking accuracy, ensuring that users receive up-to-the-minute information about the target device's location by using a mobile phone number. The geofencing feature further enhances security by allowing users to define virtual boundaries and receive alerts when the device crosses them. Scannero's detailed location history feature offers a comprehensive overview of past locations, enabling users to identify patterns and trends effectively. Key Features Real-time tracking accuracy: Scannero provides precise real-time tracking of the target device's location, ensuring you always have up-to-date information. Geofencing for enhanced security: The geofencing feature allows you to set up virtual boundaries, triggering alerts when the device enters or exits predefined areas. Detailed location history: Scannero's comprehensive location history feature lets you review past locations, helping you track trends and patterns effectively. Pricing $0.89 for 1 trial day The Basic plan is one month for $49.80 Pros User-friendly interface: Scannero boasts an intuitive and easy-to-navigate interface, making it accessible to users of all technical levels. Accurate tracking capabilities: The accuracy of Scannero's location tracking ensures you can rely on the information you receive. Geofencing for added security: The geofencing feature provides an extra layer of security by notifying you when the device enters or exits specific zones. Cons Learning curve for advanced features: Some users might find it takes time to fully grasp and utilize all of Scannero's advanced tracking functionalities. 👉 Try Scannero Now 👈 Geofinder Geofinder prioritizes simplicity and accuracy, offering a user-friendly design while maintaining precise tracking capabilities. This sim card tracker is an excellent choice for those who value straightforward functionality and real-time accuracy. Geofinder excels in delivering accurate real-time tracking data, ensuring users have reliable information about the device's whereabouts. The geofencing feature allows for customized boundaries and alerts, while the panic button feature offers immediate assistance during emergencies. Key Features Real-time tracking and accurate location data: Geofinder ensures that you receive real-time updates about the target device's location with high accuracy. Geofencing and custom alerts: The geofencing feature lets you create custom boundaries and receive alerts when the device crosses them. Panic button for emergencies: Geofinder's panic button feature is designed to provide quick assistance in emergencies. Pricing $1 for 2 trial days The Basic plan is one month for $39.99 Pros User-friendly interface: Geofinder's straightforward design ensures that even users with limited technical experience can navigate and utilize the tracker effectively. Accurate tracking in real-time: The accuracy of Geofinder's tracking data allows you to rely on its information for various purposes. Emergency panic button feature: The panic button can be a life-saving feature in critical situations, adding an extra layer of safety. Cons Potential lack of advanced features: Users seeking a wide range of advanced tracking functionalities might find Geofinder's feature set limited. 👉 Try Geofinder Now 👈 SpyBubble SpyBubble goes beyond basic tracking, offering a comprehensive suite of monitoring features for a variety of purposes. Based on our observations, this tracker is particularly useful for parents and employers who require insights into device activities. In addition to accurate real-time tracking, SpyBubble allows users to monitor calls and messages, providing a holistic view of device usage. Its stealth mode ensures discreet tracking, making it a valuable tool for those in need of covert monitoring. Key Features Real-time exact sim card location tracking: SpyBubble's accurate real-time tracking ensures you're always aware of the target device's whereabouts. Call and message monitoring: The tracker allows you to monitor incoming and outgoing calls, as well as text messages. Stealth mode for discreet tracking: SpyBubble offers a stealth mode that allows you to track the device discreetly, without the user's knowledge. Pricing The Basic plan is one month for $29.99 The total Membership for one month is $49.99 Full payment is due every month; it costs $26.66 Full Membership for a year is $12.49 Pros Comprehensive tracking features: SpyBubble's array of features covers not only cell phone location tracking but also communication monitoring. Suitable for parental control and employee monitoring: The monitoring capabilities make SpyBubble a valuable tool for keeping an eye on children and employee android and ios devices. Discreet tracking with stealth mode: The ability to track sim card location without being detected is a crucial feature for monitoring discreetly. Cons Learning curve for extensive features: Due to the variety of features SpyBubble offers, users might need time to familiarize themselves with all functionalities. 👉 Try SpyBubble Now 👈 mSpy mSpy boasts a rich history in the tracking industry, offering a wide range of features for comprehensive insights into device activities. With accurate real-time tracking, call and message monitoring, as well as a unique keylogger feature, mSpy caters to those who require extensive tracking capabilities. Key Features Accurate real-time location tracking: mSpy's real-time tracking ensures you receive precise location data at all times. Call, message, and app monitoring: The tracker allows you to monitor calls, messages, and app usage on the target device. Keylogger for capturing typed data: mSpy includes a keylogger feature that captures typed data, providing additional insights. Pricing Basic (one month) – $29.99 per month Premium service for one month – $69.99 per month Premium Membership for three months – $39.99 each month A premium membership for a year – $16.66 every month Pros Established brand with a wide user base: mSpy's reputation as a reliable tracking solution is reinforced by its extensive user community. Extensive tracking features: mSpy covers various aspects of tracking and monitoring, making it a comprehensive choice. Keylogger adds unique data capturing ability: The keylogger feature offers insights into typed information, adding a distinct advantage. Cons Rich feature set might require adjustment: Due to its numerous features, mSpy might require users to take time to adapt to its functionalities. 👉 Try mSpy Now 👈 uMobix uMobix emerges as a comprehensive solution for SIM tracking and monitoring device activities, catering to parents and employers seeking comprehensive insights. Alongside real-time tracking accuracy, uMobix allows social media and call monitoring, offering a well-rounded monitoring experience. Its remote control features enhance usability and convenience. Key Features Real-time location tracking accuracy: uMobix provides highly accurate real-time tracking information for precise location monitoring. Social media and call monitoring: The tracker includes features to monitor social media activities and incoming/outgoing calls. Remote control features: uMobix offers remote control options for added convenience and device management. Pricing Complete (1 month) – $49.99 per month Full Membership (three months) – $27.99 per month Whole year Membership – $11.66 each month Pros Comprehensive tracking capabilities: uMobix covers not only location tracking but also various aspects of device usage, making it a versatile choice. Suitable for monitoring device and online activities: The combination of tracking and monitoring features caters to both device and online activity supervision. Remote control options enhance usability: The ability to control the device remotely adds practicality to the monitoring experience. Cons Learning curve for extensive feature set: Given the numerous features, users might need time to explore and fully utilize all uMobix functionalities. 👉 Try uMobix Now 👈 Eyezy Striking a balance between simplicity and functionality, Eyezy caters to users seeking essential tracking features without overwhelming complexity. With accurate real-time tracking and geofencing, this tracker offers valuable tools for location monitoring. Additionally, its location history feature aids in trend identification. Key Features: Real-time tracking accuracy: Eyezy provides accurate real-time tracking information to help you stay updated on the device's location. Geofencing for custom alerts: The geofencing feature allows you to set up customized alerts for specific geographical zones. Location history for tracking trends: Eyezy's location history feature lets you review past locations and identify patterns. Pros: User-friendly design: Eyezy's user interface is designed for easy navigation and straightforward use. Essential tracking features: Eyezy offers the fundamental tracking capabilities users need for effective location monitoring. Geofencing for added security: The geofencing feature enhances the security of the tracking process by notifying you when the device enters or leaves designated areas. Cons: Potential desire for more advanced features: Users with more advanced tracking needs might find that Eyezy lacks some complex functionalities. Bark Bark is a specialized tracker designed for ensuring child online safety through monitoring and alerts. With real-time location tracking, social media monitoring, and risk alerts, Bark caters to parents seeking to create a secure online environment for their children. Key Features: Real-time location tracking accuracy: Bark's real-time tracking provides accurate information about the device's location. Social media and content monitoring: The tracker focuses on monitoring social media activities and content to safeguard children. Alerts for potential risks: Bark alerts parents about potential risks, ensuring timely intervention. Pros: Designed for child online safety: Bark's specialized focus on child safety makes it a valuable tool for concerned parents. Comprehensive monitoring and alerts: The combination of monitoring and alert features enhances parental control and supervision. User-friendly interface for parents: Bark's interface is designed with parents in mind, ensuring easy navigation and usability. Cons: Primarily suited for parental monitoring needs: Bark's features are tailored to child safety, potentially limiting its appeal for other tracking purposes. Conclusion In summary, after a thorough review of various SIM card location trackers, it is evident that Scannero and Geofinder stand out as top-tier options. These trackers offer cutting-edge features, real-time tracking accuracy, and user-friendly interfaces that cater to diverse tracking needs. Their geofencing capabilities further enhance security by allowing users to set virtual boundaries and receive alerts when the device crosses them. However, it's important to note that while Scannero and Geofinder excel as dedicated SIM card location trackers, other apps in the market offer more than just tracking functionalities. Apps like SpyBubble, mSpy, and uMobix provide comprehensive monitoring solutions suitable for parents and employers. These apps go beyond basic tracking by offering features such as call and message monitoring, social media tracking, and remote control capabilities. Ultimately, the choice of a SIM card location tracker depends on your specific needs and preferences. Whether you prioritize advanced tracking features, discreet monitoring, or a combination of both, there is a tracker available to suit your requirements. It's essential to weigh the pros and cons of each tracker and consider factors such as accuracy, compatibility, features, ease of use, and privacy measures before making a decision. With the right choice, you can effectively enhance device security, monitor activities, and stay connected in today's digital landscape. FAQ How Can I Track My SIM Card for Free? Tracking a SIM card for free can be challenging, as most reliable tracking services come with associated costs. Free tracking services might lack accuracy and comprehensive features. How Can I Track My Lost SIM Card? You can't directly track a lost SIM card, but tracking the device it's in is possible using its GPS capabilities. You can use tracking software or apps to aid in the process. Can You Track a Phone Without a SIM Card? Tracking a cell phone without a SIM card is difficult, as SIM cards are integral to cellular network communication, which aids in location tracking. Can You Track a SIM Card Location Without the Phone? Tracking a SIM card's location without the mobile phone itself is not feasible, as the SIM card relies on the device's GPS and network connections to determine its location. Contact Details Spark Metro Louis +44 7746 698754 sales@sparkmetro.com Company Website https://heisenbergresearch.com

November 21, 2023 02:00 PM Eastern Standard Time

Image
Article thumbnail News Release

Raising Capital In A Thin Market, Industry Leader Shares His Insight

Benzinga

By Johnny Rice, Benzinga Corey B. Davis, Managing Director, Fintech Investment Banking at BMO Capital Markets Corp., was a panelist at Benzinga’s 9th Annual Fintech Deal Day & Awards. BMO Capital Markets is a leading, full-service financial services provider. It offers corporate and investment banking, treasury management and research and advisory services to clients worldwide. Mr. Davis spoke about the reality of raising capital in a tough macro environment. In today's market, a good valuation is 5 to 7 times revenues, which stands in stark contrast to a few years ago when 20 times was seen as reasonable. Watch the full panel here: Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 21, 2023 01:00 PM Eastern Standard Time

Video
Article thumbnail News Release

Market Manipulation Is A Real Threat, This Software Helps Detect It So Action Can Be Taken

Benzinga

By Johnny Rice, Benzinga Melissa Watras, Director of Product for Trillium Surveyor, was interviewed at Benzinga’s 9th Annual Fintech Deal Day & Awards. Trillium is a technology company that provides software to financial institutions to detect market manipulation. The company’s software takes order data and processes it using proprietary algorithms that can detect irregularities. Ms. Watras spoke about the adaptability of her company's product and the usability that stands out in the industry. Watch the full panel here: Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 21, 2023 01:00 PM Eastern Standard Time

Video
Article thumbnail News Release

This Company Is Changing The Way Ownership Is Seen In The Marketplace

Benzinga

By Johnny Rice, Benzinga Zach Hascoe, Co-Founder and Chief Commercial Officer at Say Technologies LLC, was a panelist at Benzinga’s 9th Annual Fintech Deal Day & Awards. Say offers a technology platform for shareholder voting and engagement. The company says it is on a mission to transform the way shareholders and companies communicate, engage and interact. Mr. Hascoe spoke about the ways in which the relationship between shareholders and companies is ripe for disruption and transformation. Watch the full panel here: Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 21, 2023 01:00 PM Eastern Standard Time

Video
Article thumbnail News Release

Market volatility on the decline despite global geopolitical risks - OptionsDesk

Options Desk

OptionsDesk broker Simon Hanouka takes Proactive's Stephen Gunnion through the recent decline in market volatility. Hanouka highlighted the decrease in the Volatility Index (VIX), currently trading around $13, almost 22% below its 50-day moving average. This reduction is attributed to various factors, including strong performances from major US companies, the possible end of the rate hiking cycle, and cautious trading approaches by fund managers towards the year's end. Hanouka explained that the current low volatility offers unique trading opportunities. Traders can capitalize on this by selling short-term volatility and buying long-term volatility through strategies like calendar spreads and ratio spreads. He emphasised that http://Optionsdesk.com offers detailed insights and examples for traders to navigate this low volatility environment effectively. Despite the current stability, Hanouka cautioned about the unpredictability of the market. He noted that given global geopolitical risks, the VIX trading under 20 seems underpriced, and there's always a possibility of change. His insights underscore the importance of staying informed and adaptable in a fluctuating market environment. For more detailed strategies and market analysis, Hanouka directed traders to http://Optionsdesk.com, where they can find comprehensive resources for trading in these conditions. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

November 21, 2023 11:41 AM Eastern Standard Time

Video
Article thumbnail News Release

Sprott ETF Product Management Director Steven Schoffstall Explains Why Uranium Prices Are Soaring This Year And How Investors Can Trade The Rally

Benzinga

By Rachael Green, Benzinga As nuclear energy surges back into the limelight, promising a smoother transition away from fossil fuels, long-stagnant uranium markets have been booming. The once-obscure commodity is increasingly gaining the attention of investors looking for a new way to trade the clean energy transition. To learn more about uranium and what investors new to the space need to know, Benzinga sat down with the Director of ETF Product Management at Sprott Asset Management, Steven Schoffstall. Uranium prices have soared this year, outperforming other metals. Can you talk about why this is happening now and where you see uranium prices headed going forward? There are a couple of things that are at play here. Year-to-date through the last couple of days or so, [physical uranium] is up about 55%. Uranium tends to be much less sensitive to shorter-term economic noise. So when we see slow-down discussions about what's going on with the Chinese economy, that tends to affect other commodities more than what we see flow over into uranium. There is a really strong case for uranium and the future growth of the price as well as the sector going forward. If you were to look back at uranium prices about five or six years ago, they were somewhere around $20 a pound. Now, we're sitting closer to $74 or $75 per pound. The incentive price is really important to look at when we look at uranium. That is the price at which producers can produce uranium and still turn a profit. That's currently around the $75 to $80 range. That would suggest that, at least in the short term, there is some additional room for the price of uranium to move. When you look over the longer term, there is a severe supply-demand imbalance that we see developing. If you go out to 2040 or so, you see about a cumulative 1.5-billion-pound shortfall in the supply of uranium. So, we think over the longer term, that's going to be conducive to much higher prices in uranium. As demand for uranium increases, what is the outlook on the supply side? What should investors be watching here? I mentioned the longer-term supply shortfall that we're expecting. What it's really going to take to get us there is to get more mines up and running. There are a couple of things that really impact that. One would be the permitting process. To go from finding a mine or developing a site that hasn't previously been mined, it can take 10 to 15 years or longer. That's something that we would expect to see get shortened as we see governments start to sign on to nuclear energy and uranium as the answer to the energy transition. We have a number of mines that were set on care and maintenance because incentive prices weren’t quite there for them to remain operational. So we need to see some increases in the price of uranium to incentivize those companies to get those mines up and running again. The third leg of this stool is bringing the supply of uranium to Western countries. Kazatomprom, in Kazakhstan, is the world's largest producer of uranium. Given its proximity to Russia and the route in which it gets uranium to market, it would be great to diversify that part of the supply chain. We do see companies like Cameco, based out of Canada, with very substantial operations that are bringing a lot of uranium to market. But it’s not going to be smooth sailing. Cameco announced an expected uranium production shortfall relative to its guidance for the rest of this year, which has driven prices higher. Something that we see with any commodity is the potential for supply disruptions. Whether it's logistically, from a labor standpoint or from a permitting standpoint, we would need to see improvement in those areas in order for us to be able to limit the impact on prices as we see the supply and demand gap widening for the next one to two decades. For investors who are new to the space, what unique risks should they be aware of in the uranium market? The biggest one is probably geopolitical. The Russia-Ukraine war is ongoing and leading to energy security considerations. The coup in Niger, which produces about 5% of the world’s uranium could also impact supply. Thinking more from an equity risk profile, these names tend to be smaller cap names. In our uranium miners ETF (NYSE: URNM), the total market cap of the entire index is less than $40 billion. So, it’s a much smaller segment that starts to introduce those risks that investors might not necessarily see if they're investing in larger companies like those in the S&P 500. What are some upcoming catalysts and market movers in the uranium market you’re watching as we head into 2024? For us, it's really about the price action that we're seeing on the physical side. That's going to be driving how much more uranium is coming on to market. What the miners are able to produce profitably and how quickly they are able to get the mines up and running, that's something that we're seeing as a tailwind for the price of uranium. On the energy transition side, on a global scale, [uranium] is a metal that is being looked at more and more to provide the solution to the energy transition. The International Energy Agency recently came out with a new report projecting that fossil fuel usage, particularly oil and natural gas, may peak by about 2030. We will see somewhat of a dip over the next decade or two, but they will still be heavily used. At the same time, we will see a 76% increase in electricity demand on a global basis when you're looking at 2050 relative to 2021. Solar and wind have traditionally been the main ways of generating cleaner energy. But we are starting to see countries really warm up to the uranium story and nuclear energy. One piece that really demonstrates that is, if you look on a global scale, there are about 435 reactors that are currently up and running, mostly in the United States. But we're starting to see a lot of interest from Asia, particularly from China, in increasing their reliance on nuclear energy. Over the next decade or so, there are another 170 reactors that are either already under construction or planned for construction. That's about a 30% to 35% increase in nuclear reactors, which is also going to be driving the opportunity in the coming years. The uranium market can be a bit opaque and hard to access for retail investors. How can they best gain exposure to this market? We have three different ways to provide investors access to the uranium market. Our first option is the Sprott Physical Uranium Trust, a $4.5 billion fund that invests in and stores physical uranium. That's available [on the OTC market] in the United States under the ticker SRUUF. We also have the Sprott Uranium Miners ETF (NYSE: URNM). That's an all-cap exposure to uranium miners that also includes about a 15% to 17% allocation to physical uranium. Most recently, we launched the Sprott Junior Uranium Miners ETF (NASDAQ: URNJ) back in February of this year. That ETF is for those who want to access the smaller-cap names in the uranium universe. When we develop our strategies, whether it's uranium or broader energy transition funds, one thing we really focus on is pure-play companies that are upstream in the supply chain. In our view, the closer we can get to the source of bringing these critical minerals out of the ground, the better. It’s a potentially better investment opportunity because we're moving away from the downstream companies. If companies are involved in building the nuclear reactors or building components that are going to be used in nuclear reactors, there could be cost overruns and a lot of logistical issues and delays. Being upstream allows us to stay away from that because there is a certain baseline of uranium that is necessary to keep not only the reactors that we have now up and running but also to meet that future growth. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 21, 2023 09:25 AM Eastern Standard Time

Article thumbnail News Release

Trust Stamp (NASDAQ: IDAI) Reports Q3 Results: Net Revenues Up, Net Loss Narrowed To $35,000

Benzinga

By Faith Ashmore, Benzinga As the digital landscape continues to evolve, there is an increased interest from consumers and agencies alike on how to maintain privacy and data protection so that users’ personal information is safeguarded at all times. AI has become a powerful tool that has the potential to increase security when used wisely and increase opportunities for hackers when used poorly. Among companies leveraging AI, Trust Stamp (NASDAQ: IDAI) is one that seems to stand out in its field as the company looks to revolutionize digital security. Trust Stamp is a global provider of AI-powered, privacy-first trust and identity services used across multiple sectors – such as banking and finance, real estate, communications, regulatory compliance and government. Trust Stamp offers a range of innovative services. The company reports that its biometric capture and analysis technology enables secure and convenient identity verification, allowing businesses to streamline onboarding processes. By integrating advanced document verification, Trust Stamp helps verify the authenticity of important documents, reducing the risk of fraud. Trust Stamp recently released its Q3 financial performance overview. The company reported growth in its net revenue during the third quarter of 2023 – net revenue increased to $3.07 million, marking growth of 127.35% compared to the net revenue of $1.35 million for the same period in 2022. The $3.07 million in net revenue for Q3 2023 was derived from various sources. The majority of this increase was due to the termination of the Master Services Agreement with IGS ("IGS Contract") on September 15, 2022. This termination not only resulted in $2.51 million in net revenue for Q3 2023 but also relieved the company from future contractual obligations for maintenance and upgrades. In addition, Trust Stamp generated $243,000 in net revenue from Mastercard, $186,000 from an S&P 500 bank, and $127,000 from other customers during the same period. Perhaps most notably, Trust Stamp's Orchestration Layer, a platform that enables seamless integration of Trust Stamp services, seems to have been successful in attracting new customers. During Q3 2023, the platform generated $139,000 in total revenue, including new revenue from seven new enterprise customers who were onboarded through FIS. The Orchestration Layer represents Trust Stamp's strategic shift from being solely a provider of custom solutions to offering a scalable SaaS model with low-code implementation. The growth in net revenue during Q3 2023 was offset to an extent by the termination of the U.S. Immigration and Customs Enforcement contract ("ICE Contract") on September 23, 2021. This contract contributed $844,000 in net revenue during Q3 2022 but was subsequently terminated during the 2022 fiscal year. Trust Stamp reported improvements in multiple metrics, particularly in its cost management and operating loss reduction. Trust Stamp effectively reduced its Cost of Services ("COS") by $290,000 or 54.76% in Q3 2023 compared to Q3 2022. Despite onboarding 29 new enterprise customers in 2023, Trust Stamp managed to lower its COS by $21 thousand, thanks to the inherent lower costs of Software-as-a-Service (SaaS) platforms like the Orchestration Layer. Research and Development expenses decreased by $173,000 or 22.19% in Q3 2023 compared to Q3 2022. Selling, General, and Administrative Expenses decreased by $1.23 million or 37.42% in Q3 2023 compared to Q3 2022. Trust Stamp also narrowed its operating loss, which decreased by $3.42 million or 99.36% in Q3 2023 compared to Q3 2022. The increase in net revenue by $1.72 million or 127.35% was mainly attributed to the recognition of nonrefundable license revenue from IGS. This is largely due to Trust Stamp's implementation of cost-cutting measures resulting in a $1.70 million reduction in operating expenses. These cost reductions exceeded the decrease in net revenue, leading to improved margins and greater operational efficiency for the company. Trust Stamp reported progress in improving its financial performance, including a reduction in net loss and an increase in liquidity. Trust Stamp's net loss decreased by $3.40 million to just $35 thousand in Q3 2023, compared to a net loss of $3.44 million in Q3 2022. This improvement reflects the company's efforts to streamline operations and cut costs. As of September 30, 2023, Trust Stamp had approximately $3.18 million in cash, a significant increase from $1.25 million as of December 31, 2022. This improvement was largely due to successful fundraising initiatives. Trust Stamp reported that its outlook for growth in the government sector seems positive, and the company is actively exploring potential partnerships and opportunities in this area. For example, the company has launched its new identity technology called Privtech™, with a strong focus on government applications. The Privtech solution recently received registered trademark status from the U.S. Patent and Trademark Office. Privtech™ offers government agencies a privacy-first approach to identity verification and fraud prevention. It provides four levels of customizable privacy protection through the existing Privtech Certified® framework. This technology allows government entities to verify individuals' identities and safeguard against fraud while minimizing the amount of data collected. Trust Stamp's Privtech™ also ensures transparency in how the collected data is utilized. Trust Stamp is seemingly positioning itself as a crucial ally in the ongoing battle against fraud and identity-related issues, supporting a safer and more secure digital environment for all stakeholders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 21, 2023 09:25 AM Eastern Standard Time

Article thumbnail News Release

Clearinghouses Are Critical To The Health And Stability Of Markets – This Is One Of The Largest

Benzinga

By Johnny Rice, Benzinga Mathew Cashman, Principal at Options Clearing Corp, was a panelist at Benzinga’s 9th Annual Fintech Deal Day & Awards. Options Clearing Corp (OCC) is a clearinghouse based in Chicago. It specializes in equity derivatives clearing, providing central counterparty clearing and settlement services to 16 exchanges. The company clears more than 40 million contracts a day. Mr. Cashman spoke about the volume of trades exploding in the last few years and how OCC continues to operate efficiently and securely despite this extreme growth. Watch the full panel here: Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 21, 2023 09:25 AM Eastern Standard Time

Video
Article thumbnail News Release

This Options Trading Platform Is All About Community And User Experience

Benzinga

By Johnny Rice, Benzinga Abdul Zoheb, CEO and Co-Founder of UpLeg LLC, was a panelist at Benzinga’s 9th Annual Fintech Deal Day & Awards. UpLeg is an options trading platform for the retail market. The platform provides intuitive and fine-grained control to traders. Users can choose from over 50 defined strategies and create and share their own. Mr. Zoheb spoke about the importance of an intuitive and informative user experience for the retail market as well as the central nature of influencers and community in trading. Watch the full panel here: Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 21, 2023 09:25 AM Eastern Standard Time

Video
1 ... 158159160161162 ... 644
News Direct Logo
Get the latest from News Direct
Contact Us Pricing About us Features News Hub Terms of Use Privacy Policy
newsdirect.com © 2024 News Direct Corp. All rights reserved. News Direct is a registered trademark.