Intellicheck Stock Price, News & Analysis

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.

Intellicheck (Nasdaq: IDN) announced that CEO Bryan Lewis and COO Bill White will present at Tribe Public's webinar on November 24, 2020, at 8:30 a.m. PDT. The event, focused on combating identity theft, will feature their presentation titled Stopping Identity Fraud in Its Tracks, followed by a Q&A session. This informative session aims to enhance awareness about identity authentication solutions that Intellicheck provides to various sectors, including banking and law enforcement.

Intellicheck, Inc. (Nasdaq: IDN) reported a 40% increase in Q3 2020 revenue, reaching $2.7 million compared to $1.9 million in Q3 2019. SaaS revenue grew by 57% to $2.45 million. The company achieved a net income of $32,000, reversing a loss of $568,000 in the previous year. Gross profit margin improved to 89.1%, up from 86.6%. Cash reserves increased to $12.8 million. CEO Bryan Lewis expressed optimism regarding future market opportunities despite ongoing pandemic challenges.

Intellicheck, Inc. (Nasdaq: IDN) has appointed Michael Ehlers as the new Vice President of Sales. He will focus on enhancing the sales force, acquiring new clients, and improving client retention. CEO Bryan Lewis praised Ehlers for his proven leadership and team-building experience, indicating that his skills are essential for the company’s growth and shareholder value enhancement.

Prior to this role, Ehlers built high-performing teams in fintech and software, previously leading Ehlers Recruiting Partners and holding advisory roles in technology firms.

Intellicheck, Inc. (Nasdaq: IDN) will report its financial results for Q3 2020 on November 4, 2020, after U.S. markets close. An earnings conference call is scheduled for the same day at 4:30 p.m. ET. Investors can call 877-407-8037 to participate. A replay will be available post-call until November 18, 2020. Intellicheck specializes in identity authentication and verification, focusing on preventing fraud. The company partners with banks, retailers, and government agencies to enhance security measures.

Intellicheck (Nasdaq: IDN) has been recognized in Gartner’s 2020 Market Guide for Identity Proofing and Affirmation, highlighting its document-centric identity-proofing solutions. The guide indicates a significant potential market growth, forecasting that 80% of organizations will adopt such solutions by 2022, up from 30%. Intellicheck's CEO emphasized the growing importance of effective identity verification tools amid increased online transactions due to the COVID-19 pandemic. The recognition signifies the company's innovative approach to preventing identity theft and fraud.