Welcome to our dedicated page for Intellicheck news (Ticker: IDN), a resource for investors and traders seeking the latest updates and insights on Intellicheck stock.
Business Overview
Intellicheck Inc is a technology company offering real-time identification authentication and age verification solutions that address issues related to identity theft and fraud. With a long-standing history since its founding in 1994, the company has developed advanced systems that integrate patented technologies to provide immediate, reliable identification services across multiple sectors. Its solutions enhance safety, improve customer service and boost operational efficiency in critical markets such as retail, hospitality, law enforcement, defense and transportation.
Advanced Technology and Patent Portfolio
The company employs state-of-the-art technology underpinned by a significant patent portfolio that validates its innovative approach. These patents secure its technological framework and enable the delivery of solutions that are both precise and efficient. The technology operates with the agility required to serve institutions like seaports, military bases and police departments, which demand robust and reliable security systems.
Market Applications and Operational Strength
Intellicheck's systems are deployed across a wide range of scenarios. The use cases span:
- Retail and Hospitality: Enhancing customer verification processes and increasing transaction security.
- Law Enforcement and Defense: Facilitating rapid identification in environments that require high levels of accuracy and security.
- Transportation: Streamlining access and improving safety protocols at critical transportation hubs.
This broad market application highlights not only the technological versatility of Intellicheck's solutions but also its significance as a trusted partner for major players in both public and private sectors.
Revenue Model and Business Operations
The company’s robust revenue model relies on multiple streams. Revenues are generated through the sale of integrated systems and software, subscription services, regular proprietary software upgrades and extended maintenance programs. This multi-pronged approach accommodates varying client needs and adapts to the dynamic demands of security and identification services.
Competitive Landscape and Industry Differentiation
Within the competitive technology landscape, Intellicheck distinguishes itself through its real-time authentication capabilities, a comprehensive portfolio of patents and proven implementations in high-stakes environments. Its solutions are not only designed to prevent fraud but also to streamline operational processes for entities requiring high levels of security and accuracy. In markets where precision and reliability are paramount, these differentiators contribute to the company’s strong positioning vis- -vis competitors.
Commitment to Expertise and Operational Excellence
Intellicheck’s approach is grounded in deep industry expertise and a commitment to continuous innovation. The systematic use of advanced technology and the strategic concentration on diversified market sectors underscore the company’s dedication to enhancing security frameworks across various industries. Through continuous research and development, Intellicheck remains a cornerstone in the realm of digital identification and authentication, catering to the evolving requirements of businesses and governments.
Intellicheck (Nasdaq: IDN) reported record financial results for Q4 and full-year 2024. Q4 total revenue grew 15% to $5.94M, with SaaS revenue up 17% to $5.91M compared to 2023. Full-year revenue increased 6% to $20M, with SaaS revenue growing 7% to $19.81M.
The company reported Q4 net income of $488,000 ($0.03 per diluted share), down from $984,000 ($0.05 per diluted share) in Q4 2023. Full-year results showed an improved net loss of ($918,000) or ($0.05) per share, compared to ($1.98M) loss in 2023. Gross profit margin was 91.1% for Q4 and 90.8% for the full year.
As of December 31, 2024, Intellicheck maintained $4.7M in cash and stockholders' equity of $17.7M. The company faces challenges from retail contraction, consumer economic concerns, and reduced spending, but aims to expand into new market verticals and strengthen existing partnerships in 2025.
Intellicheck (Nasdaq: IDN), a leader in digital and physical identity validation solutions, has announced its participation in the upcoming iAccess Alpha Virtual Best Ideas Spring Investment Conference.
CEO Bryan Lewis will deliver a presentation on March 25, 2025, at 2:00 p.m. ET, which will be accessible via webcast. CFO Adam Sragovicz will join Lewis at the conference, and both executives will conduct virtual one-on-one meetings with investors on March 26, 2025.
Intellicheck (Nasdaq: IDN), a provider of digital and physical identity validation solutions, has scheduled its Fourth Quarter and Full Year 2024 financial results announcement for March 20, 2025.
The company will host an earnings conference call at 4:30 p.m. ET/1:30 p.m. PT on the same day. Investors can access the call by dialing 877-407-8037 (U.S.) or 201-689-8037 (international).
A replay of the call will be available approximately two hours after the event until March 27, 2025, accessible via 877-660-6853 (U.S.) or 201-612-7415 (international) using conference ID 13751782.
Intellicheck (Nasdaq: IDN) has renewed and expanded its partnership with a leading U.S. bank, expecting to generate mid-seven figure annual revenue with an approximate 15% annual revenue increase from this customer.
The Mid-Atlantic-based banking institution, among the top ten banks and one of the largest issuers of Visa and MasterCard credit cards, is utilizing Intellicheck's identity verification technology for:
- Customer onboarding
- Account name verification
- Account modifications
The partnership expansion demonstrates the effectiveness of Intellicheck's digital and physical identity validation solutions in providing secure banking experiences while accelerating customer acquisitions and revenue generation.
Accio Data and Intellicheck (Nasdaq: IDN) have announced a strategic partnership to enhance employment background screening processes. Accio Data has integrated Intellicheck's identity validation technology into its background screening enterprise platform, enabling fast and accurate validation of job seekers' identity documents.
The partnership combines Accio Data's industry-leading background screening platform with Intellicheck's proven identity verification technology, which delivers results in milliseconds. This integration aims to streamline the employment decision-making process while providing enhanced fraud prevention capabilities for businesses and financial institutions.
Intellicheck (Nasdaq: IDN) reported its Q3 2024 financial results with total revenue of $4.71 million, slightly down from $4.76 million in Q3 2023. SaaS revenue showed a modest 1% increase to $4.66 million. The company maintained a strong gross profit margin of 91%. Operating expenses decreased 1% to $5.2 million. Net loss increased to ($837,000) or ($0.04) per share, compared to ($724,000) in Q3 2023. Adjusted EBITDA improved to a loss of ($167,000) from ($271,000) year-over-year. The company ended the quarter with $5.7 million in cash and cash equivalents.
Intellicheck (Nasdaq: IDN), a provider of digital and physical identity validation and AML/KYC solutions, has scheduled its third quarter 2024 financial results announcement for November 13, 2024 after U.S. market close. The company will host an earnings conference call at 4:30 p.m. ET/1:30 p.m. PT on the same day. A replay of the call will be available approximately three hours after the event until November 20, 2024.
Intellicheck, Inc. (Nasdaq: IDN), a leading identity validation solutions provider, has successfully completed its SOC 2 Type II audit. This rigorous review process affirms the company's commitment to maintaining the highest standards of information security and practices. CEO Bryan Lewis emphasized that this achievement underscores the trust placed in Intellicheck by its customers.
The SOC 2 framework, developed by the AICPA, is a globally recognized standard for cloud-based service providers. It ensures that a company's infrastructure, software, people, data, policies, procedures, and operations have been formally reviewed. The independent audit was conducted by A-LIGN, a trusted security and compliance partner.
Intellicheck provides on-demand digital and physical identification validation solutions for various industries, including financial services, e-commerce, retail, and law enforcement across North America.
Intellicheck (Nasdaq: IDN), a leader in identity validation solutions, reported its Q2 2024 financial results. Total revenue decreased by 0.9% to $4.672 million compared to the same period in 2023. SaaS revenue also declined by 0.8% to $4.627 million. Although gross profit percentage remained high at 90.5%, it fell slightly from 92.5% in Q2 2023. Operating expenses dropped by 14.8% to $4.443 million. The net loss improved to $127,000 or $0.01 per diluted share, compared to a $853,000 loss in Q2 2023. Adjusted EBITDA decreased by $106,000 to -$70,000. As of June 30, 2024, Intellicheck had $7.3 million in cash and cash equivalents and stockholders' equity of $17.3 million. The company will discuss these results in an earnings conference call on August 8, 2024.
Intellicheck (Nasdaq: IDN), a leading identity validation company, has announced the appointment of Adam Sragovicz as a senior financial executive. Sragovicz will transition to the role of CFO on September 1, 2024, following the departure of Jeff Ishmael. He brings extensive experience in financial leadership, having served in senior-level positions at companies like Presidio Property Trust and Encore Capital Group.
Intellicheck's CEO, Bryan Lewis, and Board Chairman, Guy L. Smith, expressed confidence in Sragovicz's ability to support the company's strategic initiatives and drive growth. Sragovicz's responsibilities will include managing all aspects of finance and accounting, with a focus on advancing Intellicheck's market expansion and long-term growth strategies.
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