Intellicheck Stock Price, News & Analysis

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.

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.