Intellicheck Stock Price, News & Analysis

Intellicheck, Inc. (Nasdaq: IDN) reported a strong first quarter for 2022, with total revenues increasing by 19% to $3,395,000 compared to $2,863,000 in 2021. SaaS revenue surged 21% to $3,353,000. Despite a decrease in the gross profit margin to 90.7% due to rising costs, operating expenses significantly fell to $4,547,000 from $7,281,000. The net loss narrowed to ($1,468,000) or ($0.08) per diluted share, down from ($4,624,000) or ($0.25) per diluted share in the prior year. As of March 31, 2022, cash stood at $11.1 million.

Intellicheck (NASDAQ: IDN) will report its financial results for Q1 2022 on June 13, 2022, after U.S. market close. The earnings conference call is scheduled for 4:30 p.m. ET the same day, where the company will discuss operating results. Interested parties can join by calling 877-407-8037 (within U.S.) or 201-689-8037 (international). A replay will be available shortly after the call, lasting until June 20, 2022.

Intellicheck (NASDAQ: IDN) received a notice from Nasdaq on May 24, 2022, regarding non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Q1 2022 Form 10-Q. The notice does not currently affect Intellicheck's stock listing. The company has 60 days to submit the necessary filings or a compliance plan. Intellicheck anticipates filing the Q1 report within 10 days, aiming to regain compliance.

Intellicheck (NASDAQ: IDN) announced the postponement of its earnings conference call to finalize accounting analyses related to its equity compensation program. The company projects revenue of approximately $3.39 million for Q1 2022, with an Adjusted EBITDA loss estimated at $(808,000). The date for the new earnings call will be disclosed after the completion of the accounting process.

Intellicheck announces the appointment of Jeffrey Ishmael as the new Chief Financial Officer, effective May 13. Ishmael comes with an extensive background in SaaS finance, having previously served as CFO at Cylance Inc., where he contributed to significant growth leading to a $1.4 billion acquisition. His experience also includes a role at Obsidian Security and involvement with private equity firms. The transition follows the departure of former CFO Bill White, who is moving to a different industry.

Intellicheck (Nasdaq: IDN) will report its Q1 financial results for the period ending March 31, 2022, on May 12, 2022, after U.S. market close. The company, known for its digital identity validation solutions, will discuss its operating results during a conference call at 4:30 p.m. ET. Investors can access the call by dialing 888-428-7458 domestically or 862-298-0702 for international calls. A replay will be available shortly after the live event until May 19, 2022.

Intellicheck, Inc. (Nasdaq: IDN) reported its financial results for the fourth quarter and full-year 2021, showcasing total revenue growth of 27% to $3.9 million in Q4 and 53% to $16.4 million for the full year. SaaS revenues rose 38% YoY, totaling $12.97 million. Despite increased revenues, the company faced a net loss of $1.4 million in Q4 and $4.1 million for the year, primarily due to increased operating expenses of $17 million. The gross profit margin decreased to 78.6% for the year, attributed to hardware sales. Q1 2022 guidance indicates SaaS revenue between $3.2 to $3.35 million.

Intellicheck (Nasdaq: IDN) announces the launch of Platform 2.0, enhancing identity validation for digital and physical documents. This platform aims to combat growing identity fraud risks globally, allowing businesses to verify various documents including passports and driver's licenses. CEO Bryan Lewis emphasized that the technology is essential for clients, many of whom are already integrating these advanced solutions. Intellicheck serves notable clients across financial services, retail, and law enforcement, providing flexible identity verification options through various technologies.

Intellicheck (NASDAQ: IDN) will report its financial results on March 9, 2022 for Q4 and full-year 2021. The earnings conference call is scheduled for 4:30 p.m. ET. Intellicheck specializes in digital identity verification solutions catering to various sectors including financial services and e-commerce. The company aims to enhance fraud prevention and KYC compliance through its innovative solutions.