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Intellicheck, Inc. (symbol: IDN) stands out as a leader in providing instant, accurate identification authentication solutions. Since its founding in 1994, Intellicheck has catered to a diverse set of markets including retail, hospitality, law enforcement, defense, and transportation. The company's innovative technology, protected by twenty patents, enhances the safety and awareness of facilities and personnel, improves customer service, and boosts operational efficiencies.
Headquartered in Jericho, New York, with a west coast office in Port Townsend, Washington, Intellicheck has grown to serve dozens of Fortune 500 companies, major seaports, military bases, police departments, and other government agencies. Their identification solutions play a critical role in sectors requiring stringent security measures and robust fraud prevention mechanisms.
Intellicheck’s core offerings include real-time identification authentication and age verification, which help combat identity theft and fraud. This technology is integral to their clients' ability to increase revenues and improve customer service. The company’s strategic focus is on partnering with banks, credit card issuers, and retailers to prevent fraud, significantly contributing to the financial safety and reliability of these institutions.
Intellicheck generates revenue through the sale of systems, subscription fees, software upgrades, and extended maintenance programs. This diversified revenue stream supports their continuous innovation and operational stability.
As a publicly traded entity on the NYSE Mkt exchange under the symbol IDN, Intellicheck remains committed to advancing their technology and expanding their market reach, ensuring they stay at the forefront of identity verification solutions.
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.
Intellicheck, Inc. (Nasdaq: IDN), a leading identity company providing digital and physical identification validation solutions, has announced it will release its second quarter 2024 financial results on August 8, 2024, after the U.S. stock markets close. The company will host an earnings conference call on the same day at 4:30 p.m. ET/1:30 p.m. PT to discuss the operating results.
Investors can dial 877-407-8037 (U.S.) or 201-689-8037 (outside U.S.) to join the call. A replay will be available approximately three hours after the event until August 15, 2024, accessible by dialing 877-660-6853 (U.S.) or 201-612-7415 (outside U.S.) with the conference ID 13745588.
Intellicheck (Nasdaq: IDN), a leading identity validation solutions provider, announced the departure of COO/CFO Jeffrey Ishmael. CEO Bryan Lewis stated that Ishmael had successfully implemented necessary changes to support the company's growth and financial organization. Ishmael will continue as CFO through the filing of Q2 financials to ensure a smooth transition.
The company has initiated a search for a new CFO and expects to make an announcement soon. Ishmael expressed gratitude for his tenure and confidence in the company's future growth. Intellicheck specializes in on-demand digital and physical identification validation for various sectors, including financial services, fintech, e-commerce, and government agencies across North America.
Intellicheck (Nasdaq: IDN) announced that CEO Bryan Lewis will present at FinovateSpring 2024 on May 21, 2024, at 10:15 a.m. PT. This high-profile conference, held at the Marriott Marquis San Francisco from May 21 to 23, 2024, is renowned for showcasing the latest in financial and banking technologies.
Lewis will address the general session on 'Next-Gen Fraud Strategies Use Data to Onboard Customers Safely,' a topic relevant to Intellicheck’s expertise in digital and physical identification validation solutions.
Finovate events consistently draw prestigious attendees including senior financial executives, venture capitalists, press, industry analysts, bloggers, regulators, and entrepreneurs.
Intellicheck (Nasdaq: IDN) announced its Q1 2024 financial results, showcasing a 10% YoY revenue growth, reaching $4.68 million compared to $4.25 million in Q1 2023. SaaS revenue increased by 9% to $4.6 million. Gross profit margin stood at 90.7%, slightly lower than the previous year's 92.2%. Operating expenses decreased by 10% to $4.77 million. Net loss improved by $945,000 to $442,000 or $0.02 per diluted share, compared to a $1.39 million loss or $0.07 per share in Q1 2023. Adjusted EBITDA also improved to a loss of $117,000 from $558,000. As of March 31, 2024, the company held $9.2 million in cash and equivalents and had total stockholders' equity of $17.2 million.
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