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Companies/Veritec, Inc.
Company profile

Veritec, Inc.

OTC: VRTC · Technology · Software - Application
PublicHQ Golden Valley, MN · HennepinCIK 0000773318Reports USD
#865 of 1,109 Technology companies by revenuetop-quartile growth
EA Score
——
FH —DQ 53GM —SS 31
v0.1 · 25/100 weight · pillars only
↑ revenue growth (YoY), disclosure history · ↓ balance-sheet leverage, Altman-Z
Methodology →
Revenue TTM
$442.0k
Rev growth YoY (TTM)
+41.2%
Net income (FY)
-$1.1M
Employees
7
Market cap
$4.0k
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$461.0k$461.0k2024
Net income-$1.1M-$1.1M2024
Operating income-$508.0k-$508.0k2024
Total assets$151.5k$151.5k2018
Liabilities$9.9M$9.9M2024
Equity-$9.7M-$9.7M2024

Revenue trend

FY2017 – FY2024 · USD
$325.5k
FY17
$498.5k
FY18
$306.5k
FY19
$438.0k
FY20
$389.0k
FY21
$353.0k
FY22
$356.0k
FY23
$461.0k
FY24

Revenue by segment

Filed disclosures · FY2023
By product
Other Revenue Management Fee Related Party37%
License Fees33%
Mobile Banking Technology Revenue30%
By geography

Not disclosed.

The read

Veritec, Inc. booked $461.0k in FY2024 revenue, growing 29% year over year — faster than most Technology companies we track, at a -229.5% net margin.

Peers · Technology
Avistar Communications Corporation——alpha-En Corporation——Virtual Interactive Technologies Corp.——Yotta Global, Inc.——
Neighbors
Hennepin →
UnitedHealth Group Incorporated$447.6B80B+U.S. Bancorp$28.7B66BTarget Corporation$104.8B81B+Xcel Energy Inc.$11.5B67BAmeriprise Financial, Inc.$18.9B73BC.H. Robinson Worldwide, Inc.$16.2B73B
Key facts
CEOVan Thuy Tran
SectorTechnology
IndustrySoftware - Application
HeadquartersGolden Valley, MN
ExchangeOTC: VRTC
Employees7
IPO date2004-05-18
Latest filings
10-Q2025-01-1410-K2024-10-1010-Q2024-05-2010-Q2024-02-2010-Q2023-11-1410-K2023-10-1310-Q2023-05-1110-Q2023-02-14
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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