Intellicheck Stock Price, News & Analysis

Intellicheck, Inc. (Nasdaq: IDN) reported its fourth quarter and full-year 2022 financial results, highlighting a 17% growth in total revenue to $4,551,000, and a 21% increase in SaaS revenue, reaching $4,479,000. Year-over-year SaaS revenue for 2022 totaled $15,728,000, growing 21% despite a 3% decline in total annual revenue to $15,966,000. Gross profit margin improved to 94.8% for Q4 2022. The net loss decreased to $561,000 or $0.03 per diluted share for Q4, and the full-year net loss was $3,851,000 or $0.20 per diluted share. As of December 31, 2022, Intellicheck had $10.1 million in cash and short-term investments.

Intellicheck (Nasdaq: IDN) has announced a revised date for its earnings report and conference call due to needing more time to finalize financial statements for the year ended December 31, 2022. The earnings call is rescheduled for March 21, 2023, at 4:30 p.m. ET. This delay may raise concerns among investors regarding financial performance and transparency. For verification and identification needs, Intellicheck provides solutions utilized by various sectors, including finance and law enforcement.

Intellicheck (NASDAQ: IDN) is set to report its financial results for the fourth quarter and full year ended December 31, 2022, on March 7, 2023, during a conference call at 4:30 p.m. ET. The company, recognized for its digital identity validation solutions, is preparing to share insights into its operational performance. Interested parties can participate by dialing into the call, and a replay will be accessible shortly after the event. This financial report aims to inform stakeholders about the company's performance metrics, including earnings and operational results.

Intellicheck (NASDAQ: IDN), a leader in identity verification solutions, will participate in the Sidoti Micro-Cap Virtual Conference on January 18-19, 2023. CEO Bryan Lewis and CFO Jeff Ishmael will present on January 19 at 12:15 p.m. ET.

Investors can access the webcast via Intellicheck's Investor Relations page. They will also conduct one-on-one meetings with investors on January 18 and 19. Registration for the conference is free, and attendees do not need to be clients of Sidoti.

Intellicheck specializes in digital identity validation for various sectors including finance and e-commerce across North America.

A prominent financial institution has renewed and expanded its partnership with Intellicheck (Nasdaq: IDN), committing to a multimillion-dollar contract with a price increase and a minimum 20% rise in transaction volume. The collaboration will broaden physical applications and introduce digital use cases in 2023. Intellicheck's technology enhances client onboarding, stopping over 99% of fraud. The institution serves over 200 million customers globally, with $1.7 trillion in assets, emphasizing the value of Intellicheck’s identity validation solutions.

Intellicheck (NASDAQ: IDN) has partnered with the city of Charleston to launch a pilot program targeting underage drinking. This six-month initiative enables up to 31 area bars and restaurants to utilize Intellicheck's identity verification application, renowned for its 99% accuracy in authenticating IDs in under a second. The program, occurring at a reduced cost, aligns with ongoing efforts from local law enforcement to address fake ID issues. Twenty-four businesses have committed to participate, with the program starting on December 5.

Intellicheck, Inc. (Nasdaq: IDN) reported a 22% growth in SaaS revenue for Q3 2022, totaling $4 million despite a decline in overall revenue compared to last year. The company's core SaaS revenue reached $3.97 million, up from $3.25 million in Q3 2021. Gross profit margin improved to 91% versus 69% in the prior year. Adjusted EBITDA showed positive results at $75,000, compared to a loss of $272,000 in 2021. Although the company reported a net loss of $724,000 for the quarter, they highlighted growth in customer base and technology solutions.

Intellicheck (NASDAQ: IDN) announced it will report its financial results for the third quarter ending September 30, 2022 on November 14, 2022, after U.S. market close. A conference call to discuss the results is scheduled for 4:30 p.m. ET/1:30 p.m. PT. Intellicheck specializes in digital identity validation solutions, serving various sectors including financial services and law enforcement across North America.

Intellicheck (Nasdaq: IDN) announced that its CEO, Bryan Lewis, will present at the Windy City Roundup 2022 Conference on October 12 at 3:00 p.m. CDT. The conference is hosted in Chicago, Illinois, on October 12-13. A live webcast of the presentation will be available, with an on-demand replay accessible on the Intellicheck website for 90 days post-event. Intellicheck specializes in digital identity validation solutions, catering to various sectors, including finance and e-commerce, ensuring compliance and fraud prevention.