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Iveda (IVDA)

Iveda Solutions®, doing business as Iveda® has been offering cloud video surveillance technologies to service providers. Today, Iveda is at the forefront of Digital Transformation of many cities across the globe. Our IoT platform with smart sensors and devices were specifically developed for service providers for smart home and smart city solutions. Likewise, our IvedaAI™ intelligent video search technology adds critical intelligence to normally passive video surveillance systems.

David Ly, our visionary chairman and CEO, founded Iveda in 2003. Under his leadership, Iveda has evolved into a mature, global organization, partnering with service providers for mass distribution of cloud video surveillance as service,
utilizing our Sentir platform. Iveda continuously innovates and remains committed to our vision of providing cloud-based technology on a global scale.

Our core values and commitment to excellence define the framework and alignment of our fundamental business strategies and ethical practices. We earned our continued success through our dedication to customer satisfaction and ethical standards of honesty, integrity, and mutual trust.

At Iveda we believe that our success depends on putting our customers first. By paying close attention to customers’ needs, we are able to respond with the
best products and services.

Iveda is based in Mesa, Arizona with a wholly-owned subsidiary in Taiwan. Iveda has been a publicly-traded company since 2009, under the ticker symbol IVDA.

The Department of Homeland Security awarded Iveda the SAFETY Act Designation, as a Qualified Anti-Terrorism Technology provider in 2009.
The Designation was renewed in October 2014. The Designation provides liability protection for our partners and their customers. The DHS elevated our status to “Certified” in January 2016. This placed our technology on the “Approved Products Lists for Homeland Security.”

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Iveda Launches Next-Gen 4G Body Camera with AI Capabilities

29 Nov 2021

MESA, Ariz., November 29, 2021 – Iveda (OTCQB: IVDA), the worldwide provider of IvedaAI™ intelligent video search technology, Sentir® video surveillance products,...

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Iveda Uplists to the OTCQB Venture Markets

16 Nov 2021

MESA, Ariz., November 16, 2021 – Iveda (OTCQB: IVDA), the worldwide provider of IvedaAI™ intelligent video search technology, Sentir® video surveillance products,...

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Iveda Enters Japan’s Lucrative Elderly Care Market with Monitoring Solutions

27 Oct 2021

MESA, Ariz., October 27, 2021 – Iveda (OTC: IVDA), the worldwide provider of IvedaAI™ intelligent video search technology, Sentir® video surveillance products,...

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Iveda Expands Market into HOA and Gated Communities

05 Oct 2021

MESA, Ariz., October 5, 2021 – Iveda (OTC: IVDA), the worldwide provider of IvedaAI™ intelligent video search technology, Sentir® video surveillance products,...

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Iveda Receives Strategic Investment from Bell Limited Partnership, Explores Potential Distribution Channel in Japan

28 Sep 2021

MESA, Ariz., September 28, 2021 – Iveda (OTC: IVDA), the worldwide provider of IvedaAI™ intelligent video search technology, Sentir® video surveillance products,...

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Iveda Completes Audit, Files Form 10-12g and Applies for Uplisting to the OTCQB

24 Sep 2021

  MESA, Ariz., September 24, 2021 – Iveda (OTC: IVDA), the worldwide provider of IvedaAI™ intelligent video search technology, Sentir® video surveillance...

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Iveda’s CEO Honored at the 20th Anniversary Celebration of Outstanding 50 Asian Americans in Business

20 Sep 2021

MESA, Ariz., September 20, 2021 (GLOBE NEWSWIRE) – Iveda (OTC: IVDA), the worldwide provider of IvedaAI™ intelligent video search technology, Sentir® video...

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Iveda Announces Engagement with a PCAOB Auditor to Uplist Back to OTCQB Fully Reporting Status

15 Jul 2021

MESA, Ariz., July 15, 2021 (GLOBE NEWSWIRE) – Iveda (OTC: IVDA), the worldwide solution provider of IvedaAI™ intelligent video search technology, Sentir®...

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Iveda Launches AI-Based IvedaMobile for Instant Face and License Plate Recognition

09 Jul 2021

Iveda Launches AI-Based IvedaMobile for Instant Face and License Plate Recognition MESA, Ariz., July 9, 2021 (GLOBE NEWSWIRE) – Iveda...

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Iveda Announces Appointment of Greg Omi as Chief Technology Officer

24 May 2021

Iveda Announces Appointment of Greg Omi as Chief Technology Officer MESA, Ariz., May 24, 2021 (GLOBE NEWSWIRE) – Iveda (OTC:...

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Investors FAQ

Iveda has been offering cloud video surveillance technologies to service providers since 2005. Iveda’s core product line has evolved to AI intelligent search technology that provides true intelligence to any video surveillance system and IoT (Internet of Things) devices and platforms. Iveda is at the forefront of digital transformation for many cities and organizations in the U.S. and abroad. Iveda has a SAFETY Act Certification from the Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider.

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The company was founded in 2003 in Mesa, Arizona.

Iveda is headquartered at Iveda Solutions 460 S Greenfield Rd Suite #5, Mesa, AZ 85206, with a subsidiary in Taiwan.

Iveda has 31 employees in the U.S., Taiwan and Mexico.

The company is currently trading on OTC Market with the ticker symbol IVDA.
Iveda’s CUSIP number is 46583A105.

Iveda operates on a fiscal year that runs from January 1 to Dec 31. Quarter-ends
are: March 31 (Q1), June 30 (Q2), September 30 (Q3) and December 31 (Q4).

The number of IVDA’s shares of Common Stock Outstanding as of September 30, 2021, is 74,070,292.

The number of IVDA’s shares in the public float as of September 23, 2021, is 45,684,134.

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  • Board of Directors
  • Board Committees
  • Governance Documents

Board of Directors

David Ly

Founder & Chairman of the Board

Joe Farnsworth

Independent Director, Chairperson of the Compensation Committee

Alejandro Franco

Independent Director

Robert Gillen

Independent Director

Corporate Governance

This Code is intended to deter wrongdoing and to promote the following:

  • honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;
  • full, fair, accurate, timely, and understandable disclosure in reports and documents the
    Company files with, or submits to, the Securities and Exchange Commission (the “SEC”) and
    other regulatory bodies and in other communications made by the Company;
  • compliance with applicable governmental laws, rules, and regulations;
  • the prompt internal reporting of violations of this Code to the appropriate person or persons
    identified in this Code;
  • accountability for adherence to this Code; and
  • adherence to a high standard of business ethics.

A “conflict of interest” exists when an individual’s private interest interferes in any way – or even appears to conflict – with the interests of the Company. A conflict of interest situation may arise when a director, officer, or employee takes actions or has interests that may make it difficult to perform his or her work on behalf of the Company in an objective and effective manner. Conflicts of interest may also arise when a director, officer, or employee, or a member of his or her family, receives improper personal benefits as a result of his or her position with the Company. Loans to, or guarantees of obligations of, employees and their family members may create conflicts of interest.

Service to the Company should never be subordinated to personal gain and advantage. Conflicts of interest, whenever possible, should be avoided. In particular, clear conflict of interest situations involving directors, officers, and employees who occupy supervisory positions or who have discretionary authority in dealing with any third party may include the following:

• any significant ownership interest in any supplier or customer;
• any consulting or employment relationship with any customer, supplier, or competitor;
• any outside business activity that detracts from an individual’s ability to devote appropriate time and attention to his or her responsibilities to the Company;
• the receipt of non-nominal gifts or excessive entertainment from any organization with which the Company has current or prospective business dealings;
• being in the position of supervising, reviewing, or having any influence on the job evaluation, pay, or benefit of any family member; and
• selling anything to the Company or buying anything from the Company, except on the same terms and conditions as comparable directors, officers, or employees are permitted to so purchase or sell.

It is almost always a conflict of interest for a Company officer or employee to work simultaneously for a competitor, customer, or supplier. No officer or employee may work for a competitor as a consultant or board member. The best policy is to avoid any direct or indirect business connection with the Company’s customers, suppliers, and competitors, except on the Company’s behalf.

Conflicts of interest are prohibited as a matter of Company policy, except under guidelines approved by the Board of Directors. Conflicts of interest may not always be obvious and further review and discussions may be appropriate. Any director or officer who becomes aware of a conflict or potential conflict should bring it to the attention of the Chief Executive Officer, the Chief Financial Officer, or legal counsel as appropriate in the circumstances. Any employee who becomes aware of a conflict or potential conflict should bring it to the attention of a supervisor, manager, or other appropriate personnel.

Directors, officers, and employees are prohibited from taking for themselves personally or directing to a third party any opportunity that is discovered through the use of corporate property, information, or position without the consent of the Board of Directors. No director, officer, or employee may use corporate property, information, or position for improper personal gain, and no director, officer, or employee may compete with the Company directly or indirectly. Directors, officers, and employees owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises.

The diversity of the Company’s employees is a tremendous asset. The Company is firmly committed to providing equal opportunity in all aspects of employment and will not tolerate any illegal discrimination or harassment or any kind. Examples include derogatory comments based on racial or ethnic characteristics and unwelcome sexual advances.

Obeying the law, both in letter and in spirit, is the foundation on which the Company’s ethical standards are built. All directors, officers, and employees should respect and obey all laws, rules, and regulations applicable to the business and operations of the Company. Although directors, officers, and employees are not expected to know all of the details of these laws, rules, and regulations, it is important to know enough to determine when to seek advice from supervisors, managers, officers or other appropriate Company personnel.

Directors, officers, and employees who have access to confidential information relating to the Company are not permitted to use or share that information for stock trading purposes or for any other purpose except the conduct of the Company’s business. All non-public information about the Company should be considered confidential information. To use non-public information for personal financial benefit or to “tip” others who might make an investment decision on the basis of this information is not only unethical and against Company policy but is also illegal. Directors, officers, and employees also should comply with insider trading standards and procedures adopted by the Company. If a question arises, the director, officer, or employee should consult with the Company’s Chief Financial Officer or legal counsel.

The Company strives to provide each employee with a safe and healthful work environment. Each officer and employee has responsibility for maintaining a safe and healthy workplace for all employees by following safety and health rules and practices and reporting accidents, injuries, and unsafe equipment, practices, or conditions.

Violence and threatening behavior are not permitted. Officers and employees should report to work in a condition to perform their duties, free from the influence of illegal drugs or alcohol. The use of illegal drugs in the workplace will not be tolerated.

The Company requires honest and accurate recording and reporting of information in order to make responsible business decisions.

Many officers and employees regularly use business expense accounts, which must be documented and recorded accurately. If an officer or employee is not sure whether a certain expense is legitimate, the employee should ask his or her supervisor or the Company’s controller. Rules and guidelines are available from the Accounting Department.

All of the Company’s books, records, accounts, and financial statements must be maintained in reasonable detail, must appropriately reflect the Company’s transactions, and must conform both to applicable legal requirements and to the Company’s system of internal controls. Unrecorded or “off the books” funds or assets should not be maintained unless permitted by applicable law or regulation.

Business records and communications often become public, and the Company and its officers and employees in their capacity with the Company should avoid exaggeration, derogatory remarks, guesswork, or inappropriate characterizations of people and companies that can be misunderstood. This applies equally to e-mail, internal memos, and formal reports. The Company’s records should always be retained or destroyed according to the Company’s record retention policies. In accordance with those policies, in the event of litigation or governmental investigation, directors, officers, and employees should consult with the Company’s Chief Financial Officer or legal counsel before taking any action because it is critical that any impropriety or possible appearance of impropriety be avoided.

Mistakes should never be covered up; but should be immediately fully disclosed and corrected. Falsification of any company, customer or third party record is prohibited.

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David Ly

Founder, Chief Executive Officer

David Ly is the visionary leader and founder of Iveda. David has served as CEO and Chairman of the Board of Directors since the Company’s inception. He also served as President until February 2014. David has over 20 years of experience in wireless data, cellular, IT, and cloud video surveillance. He was only 27 years old when he founded the Company in 2003 and has become a dynamic leader, building a pioneering cloud video hosting and real-time surveillance infrastructure. David’s major accomplishments include raising over $12 million through angel investors, building an enterprise-class cloud video and IoT platforms, taking the company public, and acquiring a security technology company in Taiwan, positioning Iveda for global growth. David is also responsible for securing the Company’s U.S. and international accounts and forging strategic partnerships with large organizations. Prior to founding the company, David had a successful career in sales and applications engineering. He held positions with several major corporations, including Applications Engineer at Metricom, Inc., Corporate Sales at Nextel Communications, Market Manager at Door To Door Storage, and B2B Sales Manager at T-Mobile USA. While at T-Mobile, David earned the President’s Club Top Salesman Award. David’s experience in sales and marketing and his clear vision of video surveillance through cloud computing have been invaluable to the Company’s success. He served in numerous technology, community, and law enforcement Boards of Directors and Advisory Boards. David received his B.S. Degree in Civil Engineering with a Minor in International Business from San Francisco State University in California.

Joe Farnsworth

Independent Director, Chairperson of the Compensation Committee

Joseph Farnsworth was appointed to Iveda’s Board in January 2010. Over the years, Joe has been a loyal supporter of Iveda, first as a customer, then as an investor (along with his family), and now a director. Joe has over 25 years of experience in the real estate industry. Since 1995, Joe has served as President and a director of Farnsworth Realty & Management Co., an Arizona based privately held real estate company. He has also served on the Board of Farnsworth Development, a closely held real estate developer, since 1995, and on the Board of Farnsworth Companies since 2008. From 1987 to 1991, Joe served as President of Farnsworth International, a real estate investment company based in Taipei, Taiwan, and from 1990 to 1995, Joe served as President of Alfred’s International, a company with operations in China and Korea. He serves on the Board of Directors of Arizona Brain Food, an organization providing food to lower income school children, and is actively involved with the La Masita, a homeless shelter. He has previously served on the Board of Adjustment for the City of Mesa, Arizona, and also previously served on the City Planning and Zoning Board for the City of Mesa, Arizona. Among other professional experiences, qualifications, and skills, Joe has substantial knowledge of the usefulness of the Company’s services in the real estate industry and has extensive contacts in the industry. In addition, Joe has extensive experience in managing companies, as well as a strong background in finance, all of which are vital to the overall success of the Company. Joe is a graduate of Brigham Young University with a B.S. in Real Estate Finance and is a licensed Arizona real estate broker.

Alejandro Franco

Independent Director

Alejandro Franco has been helping the Company with business development and strategic partnership opportunities in Mexico as a consultant for over a year prior to his appointment to the Board. He has been advising and facilitating the Company’s negotiations with a telecommunication company in Mexico. Franco has twenty six years of cross-industry experience with leading start-up and high-growth companies. He is known for delivering strong and sustainable revenue and profit gains in highly competitive markets throughout the U.S., China, Taiwan, Mexico, and Brazil. He has extensive experience in leading large-scale, complex, global operations in these countries. Franco is the president and founder of Amextel (Mexico). He was also the founder and president of TVM, Inc. (Mexico) from 1985 to 1988 and Bela Corp. (U.S.) from 1988 to 2000. Franco also works as a consultant to America Movil in Mexico, Streamibox in the U.S., Glory Inc. in Taiwan, and Heng Tong, Eastcompeace, and ZTE in China. Franco has a degree in Economics from the UNAM University in Mexico, a degree in Industrial Design from the Ibero University in Mexico, and Masters in Theology from Oblate University in San Antonio, Texas.

Robert Gillen

Independent Director

Robert Gillen has been a long-time supporter of Iveda as an investor. He is president of the Law Offices of Robert D. Gillen, Ltd., a law firm assisting clients with domestic and international planning, with offices in Scottsdale, Arizona and Naperville, Illinois. Gillen is an international speaker and has extensive experience in advising businesses and professionals on tax and legal matters. Gillen has been active in the cellular industry since its inception and has assisted in the development of the cellular network. Gillen has served on various boards of directors and advisory committees for growing companies, as well as donating his time and expertise on not-for-profit boards. Gillen has also authored many articles on business, tax, and legal matters. Gillen graduated from the University of Illinois with a Bachelor of Science in Business Administration and from IIT Chicago Kent College of Law with a Juris Doctor Degree with Honors.