Intellicheck, Inc. - IDN STOCK NEWS

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.

Intellicheck, Inc. (Nasdaq: IDN) will announce its first quarter 2024 financial results on May 13, 2024, after the close of the U.S. stock markets. The company will hold an earnings conference call to discuss operating results at 4:30 p.m. ET/1:30 p.m. PT on the same day. Investors can listen to the call and access a replay by dialing the provided numbers.

Intellicheck, Inc. partners with the city of Clemson to launch a pilot program aimed at reducing underage drinking by providing businesses with state-of-the-art ID scanning technology. The program will allow 15 area bars, convenience stores, and liquor stores to authenticate IDs in under a second, underwritten by the city of Clemson. The goal is to prevent underage access to alcohol using fake IDs while ensuring residents and visitors can enjoy the community safely.