Welcome to our dedicated page for Intellicheck news (Ticker: IDN), a resource for investors and traders seeking the latest updates and insights on Intellicheck stock.
Intellicheck Inc. (IDN) provides cutting-edge identification authentication solutions that combat identity fraud across retail, government, and security sectors. This news hub offers investors and industry professionals centralized access to verified updates about the company's strategic developments.
Track essential announcements including quarterly financial results, technology partnerships, and product innovation milestones. Our curated feed simplifies monitoring of IDN's market position in real-time identity verification systems and fraud prevention technologies.
Key updates cover regulatory compliance progress, patent acquisitions, and deployment expansions with law enforcement agencies or Fortune 500 retailers. Bookmark this page for efficient tracking of how IDN's solutions enhance operational security in high-risk environments through mobile-ready authentication systems.
Intellicheck (Nasdaq: IDN) announced its Q1 2024 financial results, showcasing a 10% YoY revenue growth, reaching $4.68 million compared to $4.25 million in Q1 2023. SaaS revenue increased by 9% to $4.6 million. Gross profit margin stood at 90.7%, slightly lower than the previous year's 92.2%. Operating expenses decreased by 10% to $4.77 million. Net loss improved by $945,000 to $442,000 or $0.02 per diluted share, compared to a $1.39 million loss or $0.07 per share in Q1 2023. Adjusted EBITDA also improved to a loss of $117,000 from $558,000. As of March 31, 2024, the company held $9.2 million in cash and equivalents and had total stockholders' equity of $17.2 million.
Intellicheck, Inc. (Nasdaq: IDN) will announce its first quarter 2024 financial results on May 13, 2024, after the close of the U.S. stock markets. The company will hold an earnings conference call to discuss operating results at 4:30 p.m. ET/1:30 p.m. PT on the same day. Investors can listen to the call and access a replay by dialing the provided numbers.
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