Intellicheck Stock Price, News & Analysis

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.

Intellicheck, Inc. (Nasdaq: IDN) reported Q1 2021 financial results showing SaaS revenue growth of 24%, totaling $2,776,000, despite total revenue decreasing 8% to $2,863,000. The decline is attributed to fewer hardware sales. Gross profit margin improved to 92.3%, up from 77.8% year-over-year. However, the company suffered a net loss of $1,060,000 or ($0.06) per share, contrasting with a net income of $27,000 in the previous period. Cash reserves stand at $12.6 million.

Intellicheck (Nasdaq: IDN) is set to report its financial results for the first quarter ending March 31, 2021, on May 4, 2021, after U.S. market close. An earnings conference call will follow at 4:30 p.m. ET, allowing stakeholders to discuss operating results. The company is a leader in identity verification technology, aimed at preventing fraud for banks, retailers, and government agencies. This upcoming report may significantly influence investor sentiment and stock performance, highlighting revenue and operational metrics critical for stakeholders.

Intellicheck, Inc. (Nasdaq: IDN) has appointed Bruce Ackerman as Senior Vice President of Sales and David Andrews as Vice President of Marketing, aiming to enhance its identity verification solutions amid rising identity theft and fraud. CEO Bryan Lewis emphasized the significance of these hires for growth and market share expansion. Ackerman brings over 25 years in B2B software sales, while Andrews has 30 years of marketing experience. The appointments follow Garrett Gafke's recent introduction as President. The company is committed to partnering with various sectors to combat fraud.

Intellicheck, Inc. (Nasdaq: IDN) has appointed Garrett Gafke as its new President, enhancing its leadership in identity authentication solutions. Gafke, previously the CEO of IdentityMind and Paymate, will focus on product strategy and marketing to capitalize on opportunities in the identity theft and fraud sector. CEO Bryan Lewis expressed enthusiasm for Gafke's expertise and outlined his role in strategic growth while managing daily operations. This appointment aims to strengthen the company's market position in combating identity fraud and enhancing operational efficiency.

Intellicheck, Inc. (Nasdaq: IDN) reported its financial results for Q4 and the full year ending December 31, 2020. Total revenue grew 6% to $3.08 million in Q4, with SaaS revenue increasing 18%. For the fiscal year, total revenue rose 40% to $10.74 million, while SaaS revenue saw a significant 54% growth. Net income improved to $558,000, marking a turnaround from a loss of $2.55 million in 2019. Gross profit margin was strong at 92.6% for Q4. With cash totaling $13.1 million, Intellicheck is well-positioned to leverage increasing demand for identity verification solutions amid growing concerns over identity theft.

Intellicheck (Nasdaq: IDN) is set to report its financial results on March 16, 2021, covering the fourth quarter and full year ending December 31, 2020. An earnings conference call will be held that day at 4:30 p.m. ET to discuss the operating results. A replay of the call will be available shortly after the live event until March 30, 2021. Intellicheck specializes in real-time identification verification solutions, helping clients enhance revenues and operational efficiency while combating identity theft and fraud.

Intellicheck (Nasdaq: IDN) highlights the surging threat of identity theft during the critical holiday shopping season, amid a 300% increase in reported cybercrimes since the pandemic began. CEO Bryan Lewis warns that financial losses from identity fraud have severe repercussions, including customer abandonment and damaged brand reputation. In 2019 alone, identity theft losses reached $16.9 billion. Lewis advocates for immediate fintech changes to combat rising fraud risks, emphasizing the necessity for reliable identity verification solutions. Intellicheck's technology boasts a 99% effectiveness rate in preventing fraud.