OverviewSuggest Edit

Route1 is the provider of digital security and identity management solutions. It offers MobiNET, an identity management and service delivery platform that provides a means of identifying and authenticating users within different levels of classified and unclassified networks. The company also provides DEFIMNET, a private instance of the MobiNET universal identity management and service delivery platform. It works with other command and control network systems to enforce confidentiality, integrity, and availability of information.

TypePublic
Founded2004
HQScottsdale, AZ, US
Websiteroute1.com
Employee Ratings1.8

Latest Updates

Employees (est.) (Dec 2019)54
Revenue (FY, 2019)C$24 M(-8%)
Share Price (Sept 2021)C$0.4(+5%)
Cybersecurity ratingAMore
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Key People/Management at Route1

Michael D. Harris

Michael D. Harris

Chairman
Tony Busseri

Tony Busseri

Chief Executive Officer and Director
Peter Chodos

Peter Chodos

Executive Vice President and Chief Financial Officer, Director
Yamian Quintero

Yamian Quintero

Executive VP and Chief Technology Officer
Jerry Iwanski

Jerry Iwanski

Senior VP and Chief Digital Officer
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Route1 Office Locations

Route1 has offices in Scottsdale, Boca Raton, Cincinnati, Denver and in 3 other locations
Scottsdale, AZ, US (HQ)
7300 N Vía Paseo Del Sur #202
Boca Raton, FL, US
951 Broken Sound Pkwy NW #108
Cincinnati, OH, US
9902 Carver Rd #203
Denver, CO, US
4949 S Syracuse St #430
Glen Allen, VA, US
9962 Brook Rd
Ooltewah, TN, US
8822 Production Ln #103
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Route1 Financials and Metrics

Route1 Revenue

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Route1's revenue was reported to be C$24.01 m in FY, 2019 which is a 8.5% decrease from the previous period.
CAD

Revenue (Q3, 2020)

9.1m

Gross profit (Q3, 2020)

3.0m

Gross profit margin (Q3, 2020), %

32.9%

Net income (Q3, 2020)

(528.3k)

EBIT (Q3, 2020)

375.1k

Market capitalization (21-Sept-2021)

17.6m

Closing stock price (21-Sept-2021)

0.4

EV

22.2m
Route1's current market capitalization is C$17.6 m.
Annual
CADFY, 2017FY, 2018FY, 2019

Revenue

6.1m26.2m24.0m

Revenue growth, %

332%(8%)

Cost of goods sold

1.3m18.7m15.0m

Gross profit

4.7m7.5m9.0m
Quarterly
CADQ1, 2018Q3, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

1.7m5.6m14.9m3.5m3.4m8.7m6.4m7.0m9.1m

Cost of goods sold

584.6k3.6m12.3m1.7m1.7m6.0m4.0m4.2m6.1m

Gross profit

1.1m2.0m2.6m1.8m1.8m2.8m2.4m2.8m3.0m

Gross profit Margin, %

65%35%17%51%51%32%37%40%33%
Annual
CADFY, 2017FY, 2018FY, 2019

Cash

1.0m1.1m125.5k

Accounts Receivable

333.0k1.9m5.0m

Prepaid Expenses

238.7k309.3k497.7k

Inventories

248.4k379.3k451.6k
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

599.8k1.1m2.3m367.4k702.3k319.5k115.6k107.4k

Accounts Receivable

4.1m2.7m2.6m3.8m3.3m4.5m3.0m3.6m4.8m

Prepaid Expenses

203.3k272.6k341.2k517.0k499.3k456.5k556.8k706.2k622.4k

Inventories

1.4m888.7k735.4k392.0k1.7m761.0k502.3k630.1k743.7k
Annual
CADFY, 2017FY, 2018FY, 2019

Net Income

(610.0k)(434.3k)(554.2k)

Depreciation and Amortization

391.8k668.6k1.1m

Inventories

54.3k510.0k1.0m

Accounts Payable

(11.6k)(419.2k)639.2k
CADFY, 2017

Financial Leverage

2.6 x
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Route1 Operating Metrics

Jan, 2021

Industries Served

8

Patent Applications (US)

7

Patents (US)

7

Trademarks (US)

3
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Route1 Acquisitions / Subsidiaries

Company NameDateDeal Size
Group MobileMarch 08, 2018
Groupmobile International
Group Mobile Int’l, LLC
Portable Computer Systems Inc
Route 1 Security Corporation

Route1 Revenue Breakdown

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Route1 revenue breakdown by business segment: 67.3% from Devices and Appliances, 32.6% from Subscription Revenue and Services and 0.0% from Other

Route1 revenue breakdown by geographic segment: 99.3% from USA and 0.7% from Other

Route1 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Route1 Online and Social Media Presence

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Route1 News and Updates

Route1 Settles Patent Litigation with AirWatch

Route1 Inc. (OTCQB: ROIUF and TSXV: ROI) (the “Company” or “Route1”), an advanced North American provider of data-centric business empowerment solutions, today announced that it has entered into a settlement agreement with AirWatch and its parent company VMWare ending the patent infringement lit…

Route1 Closes $3 Million Private Placement

Route1 Inc. (OTCQB: ROIUF and TSXV: ROI) (the “Company” or “Route1”), an advanced North American provider of data-centric business empowerment solutions, today announced that based on strong demand, the Company has closed its previously announced $3,000,000 private placement.

Route1 Announces Q3 2020 Financial Results

Route1 Inc. (OTCQB: ROIUF and TSXV: ROI) (the “Company” or “Route1”), an advanced North American provider of data-centric business empowerment solutions, today reported its financial results for the three- and nine-month periods ended September 30, 2020.

Route1 Announces Q2 2019 Financial Results

Dr. Barry West joins the Board of Directors Dr. Barry West joins the Board of Directors

Route1 to Commence Trading on a Consolidated Basis at the Opening of the Market on Tuesday, August 13, 2019

TORONTO, Aug. 09, 2019 (GLOBE NEWSWIRE) -- Route1 Inc. (OTCQB: ROIUF and TSXV: ROI) (the “Company” or “Route1”), an advanced North American provider of industrial-grade data intelligence, user authentication and ultra-secure mobile workforce solutions, today announced that it has received conditio…

Route1 Announces Its Intention to Consolidate Its Common Shares

TORONTO, July 26, 2019 (GLOBE NEWSWIRE) -- Route1 Inc. (OTCQB: ROIUF and TSXV: ROI) (the “Company” or “Route1”), an advanced North American provider of industrial-grade data intelligence, user authentication and ultra-secure mobile workforce solutions, today announced that it intends to apply to t…
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Route1 Blogs

Fiscal Year 2020 Investor Conference Call and Webcast

 » Read more about: Fiscal Year 2020 Investor Conference Call and Webcast  » The post Fiscal Year 2020 Investor Conference Call and Webcast appeared first on Route1.

FY 2020 Consolidated Financial Statements

 » Read more about: FY 2020 Consolidated Financial Statements  » The post FY 2020 Consolidated Financial Statements appeared first on Route1.

CEO Tony Busseri joins SNN Network VIRTUAL PANEL: “Ideas Found in the Filings” Hosted by Paul Andreola

 » Read more about: CEO Tony Busseri joins SNN Network VIRTUAL PANEL: “Ideas Found in the Filings” Hosted by Paul Andreola  » The post CEO Tony Busseri joins SNN Network VIRTUAL PANEL: “Ideas Found in the Filings” Hosted by Paul Andreola appeared first on Route1.

MobiKEY 7.1

September 2, 2020 FEATURES AND ENHANCEMENTS Improved session performance allowing users to participate in video conference calls and watch videos from streaming websites such as YouTube. Added a new switchable Video-Friendly mode for better video playback performance while in a session. Optimized a…

The Special Operations Forces Industry Conference (SOFIC)

 » Read more about: The Special Operations Forces Industry Conference (SOFIC)  » The post The Special Operations Forces Industry Conference (SOFIC) appeared first on Route1.

Podcast – Route1 Inc. Discusses Its Role In The High Demand for Teleworking and Remote Access Solutions During COVID-19 with The Stock Day Podcast

 » Read more about: Podcast – Route1 Inc. Discusses Its Role In The High Demand for Teleworking and Remote Access Solutions During COVID-19 with The Stock Day Podcast  » The post Podcast – Route1 Inc. Discusses Its Role In The High Demand for Teleworking and Remote Access Solutions During COVID-19 …
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Route1 Frequently Asked Questions

  • When was Route1 founded?

    Route1 was founded in 2004.

  • Who are Route1 key executives?

    Route1's key executives are Michael D. Harris, Tony Busseri and Peter Chodos.

  • How many employees does Route1 have?

    Route1 has 54 employees.

  • What is Route1 revenue?

    Latest Route1 annual revenue is C$24 m.

  • What is Route1 revenue per employee?

    Latest Route1 revenue per employee is C$444.6 k.

  • Who are Route1 competitors?

    Competitors of Route1 include Centrify, Okta and Simeio.

  • Where is Route1 headquarters?

    Route1 headquarters is located at 7300 N Vía Paseo Del Sur #202, Scottsdale.

  • Where are Route1 offices?

    Route1 has offices in Scottsdale, Boca Raton, Cincinnati, Denver and in 3 other locations.

  • How many offices does Route1 have?

    Route1 has 7 offices.