Actividentity Corp 10-K Annual Report December 2010

— ActivIdentity Corporation (NASDAQ: ACTI), a global leader in intelligent identity assurance, reported revenue for the quarter ended September 30, 2010 of $15.2 million compared to revenue for the quarter ended September 30, 2009 of $14.5 million and $13.6 million for the quarter ended June 30, 2010. Revenue for the year ended September 30, 2010 was $57.7 million compared to $62.3 million for the year ended September 30, 2009.

ActivIdentity’s net loss for the quarter ended September 30, 2010, was ($1.3) million, or ($0.03) per basic and diluted share, compared to net loss of ($0.3) million, or ($0.01) per basic and diluted share for the quarter ended September 30, 2009 and net loss of ($0.2) million, or ($0.00) per basic and diluted share for the quarter ended June 30, 2010. Net loss for the quarter ended September 30, 2010, was positively impacted by $0.4 million in net foreign exchange gains. ActivIdentity’s net loss for fiscal 2010 was ($5.7) million, or ($0.12) per basic and diluted share, as compared to a net loss for fiscal 2009 of ($5.5) million, or ($0.12) per basic and diluted share.

ActivIdentity’s operating loss was ($1.5) million in the quarter ended September 30, 2010 compared to an operating loss of ($1.3) million in the quarter ended September 30, 2009 and ($1.9) million in the quarter ended June 30, 2010. Operating loss in fiscal 2010 was ($9.3) million, as compared to an operating loss of ($7.2) million in fiscal 2009.

General and administrative expenses in the quarter ended September 30, 2010 and the year ended September 30, 2010 included significant IP litigation and M&A related expenses totaling $1.2 million and $3.4 million, respectively. Adjusted EBITDA was $0.2 million for the quarter ended September 30, 2010 compared to $0.5 million for the quarter ended September 30, 2009 and $0.8 million for the quarter ended June 30, 2010. Adjusted EBITDA is a non-GAAP measure and is defined as operating income (loss) adjusted for non-recurring or non-cash items such as stock-based compensation expense, depreciation, amortization of intangibles, severance and asset impairments.

In light of the pending acquisition by ASSA ABLOY Inc., ActivIdentity will not be holding an earnings call.

Financial Highlights

	Three Months Ended									Years Ended
	Sept. 30,			Jun. 30,			Sept. 30,			Sept. 30,			Sept. 30,
(In Millions, except Per Share Data)	2010			2010			2009			2010			2009
GAAP RESULTS
Revenue	$	15.2		$	13.6		$	14.5		$	57.7		$	62.3
Net loss	$	(1.3	)	$	(0.2	)	$	(0.3	)	$	(5.7	)	$	(5.5	)
Net loss per share — basic and diluted	$	(0.03	)	$	(0.00	)	$	(0.01	)	$	(0.12	)	$	(0.12	)

NON-GAAP RESULTS

Adjusted EBITDA	$	0.2		$	0.8		$	0.5		$	(1.3	)	$	2.3

The following information was filed by Actividentity Corp on Thursday, November 18, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Material Contracts, Statements, Certifications & more

Actividentity Corp provided additional information to their SEC Filing as exhibits

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 23.2: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

CIK: 1183941
Form Type: 10-K Annual Report
Accession Number: 0001047469-10-010324
Submitted to the SEC: Fri Dec 10 2010 5:13:40 PM EST
Accepted by the SEC: Fri Dec 10 2010
Period: Thursday, September 30, 2010
Industry: Prepackaged Software