Intellicheck Stock Price, News & Analysis

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.

Intellicheck, Inc. (Nasdaq: IDN) reported a 79% increase in revenue for Q3 2021, reaching $4.83 million, up from $2.7 million in Q3 2020. SaaS revenue surged 32% to $3.25 million. However, the company faced a net loss of $952,000 or $0.05 per diluted share. Gross profit margin also declined to 68.7% from 89.1% year-over-year, primarily due to lower-margin hardware sales. Adjusted EBITDA was a loss of $271,000, contrasting with a gain of $169,000 in the prior year. As of September 30, cash totaled $13.3 million.

Intellicheck (NASDAQ: IDN) will report its financial results for Q3 on November 10, 2021, following the market close. A conference call to discuss the results will take place at 4:30 p.m. ET that day. This session will provide insights into the company's performance in the identity verification sector, focusing on advancements in technology to combat identity theft and fraud. Intellicheck partners with various sectors including retail and law enforcement to enhance operational efficiency.

MELVILLE, N.Y.--(BUSINESS WIRE)--Intellicheck (NASDAQ: IDN) announced that CEO Bryan Lewis and COO Bill White will join a virtual fireside chat at the D.A. Davidson 20th Annual Software and Internet Conference on September 9 at 3:00 p.m. ET. The event will focus on identity verification solutions to combat fraud and identity theft. A live webcast will be available on Intellicheck's Investor Relations website, with on-demand replay accessible for 90 days post-event.

A top five U.S. bank is accelerating its purchase of hardware from Intellicheck (Nasdaq: IDN) for identity verification at its branches. This $1.3 million hardware sale will enable the bank to use passport authentication alongside driver license solutions. This strategic move aims to enhance security in in-branch financial transactions, addressing identity fraud risks. The CEO emphasized the importance of accurate identity validation, boasting a 99% accuracy rate. While hardware sales have lower gross margins (20%) compared to SaaS (93.3%), this deployment reinforces Intellicheck's market position.

Intellicheck, Inc. (Nasdaq: IDN) reported a 160% increase in revenue for Q2 2021, totaling $4,797,000, compared to $1,842,000 in Q2 2020. SaaS revenue surged by 93% to $3,234,000. However, gross profit margin declined to 69.4% from 88.6% year-over-year due to lower-margin hardware sales. The company recorded a net loss of ($738,000) or ($0.04) per diluted share, slightly improving from a net loss of ($760,000) in Q2 2020. Cash reserves at the end of the quarter stood at $11.9 million.

Intellicheck, Inc. (Nasdaq: IDN) will report its Q2 2021 financial results on August 3, 2021, following the close of U.S. stock markets. An earnings conference call is scheduled for the same day at 4:30 p.m. ET. This call will provide insights into the company’s operating results and future outlook.

Intellicheck specializes in identity verification solutions aiming to combat identity theft and fraud, serving clients within the banking, retail, and government sectors.