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.
About Intellicheck (NYSE: IDN)
Intellicheck is a leading provider of cutting-edge identification authentication and fraud prevention solutions, offering real-time, accurate, and reliable technologies that address critical challenges in identity theft, fraud, and age verification. With a diverse client base spanning industries such as retail, hospitality, law enforcement, defense, and transportation, Intellicheck’s innovative solutions empower organizations to enhance security, improve operational efficiency, and deliver superior customer experiences.
Core Business and Revenue Model
Intellicheck’s core business revolves around its proprietary identity authentication technology, which leverages advanced algorithms and patented methods to instantly verify identification credentials. The company generates revenue through a multifaceted model that includes:
- Subscription Services: Recurring revenue from clients subscribing to its authentication solutions.
- Direct Sales: One-time sales of its systems and hardware components.
- Software Upgrades: Revenue from providing updated software versions and enhancements.
- Maintenance Programs: Extended service agreements to ensure system reliability and performance.
This diversified revenue approach allows Intellicheck to maintain a steady income stream while scaling its solutions across different market segments.
Market Position and Industry Significance
Founded in 1994, Intellicheck has established itself as a trusted partner for numerous Fortune 500 companies, government agencies, and law enforcement entities. Its technology is deployed in critical environments such as major seaports, military bases, and police departments, underscoring its reliability and effectiveness. The company’s ability to serve both public and private sectors highlights its versatility and adaptability in addressing varied security and operational needs.
Intellicheck operates in the broader identity verification and cybersecurity industry, an increasingly vital sector as digital transformation accelerates and fraud threats evolve. Its patented technologies (with a portfolio of 20 patents) provide a competitive edge, enabling the company to deliver unique solutions that are difficult to replicate. This intellectual property strengthens its market position and enhances client trust.
Key Differentiators
Intellicheck’s success can be attributed to several key differentiators:
- Real-Time Authentication: The company’s solutions provide instant verification, enabling clients to make informed decisions quickly.
- Proprietary Technology: A robust portfolio of patents ensures exclusive access to innovative methods and tools.
- Diverse Applications: Serving industries ranging from retail to defense, Intellicheck’s technology is highly adaptable to different use cases.
- Trusted by High-Profile Clients: Partnerships with Fortune 500 companies and government agencies demonstrate its credibility and reliability.
Operational Footprint
Intellicheck is headquartered in Jericho, New York, with an additional office on the West Coast in Port Townsend, Washington. This bicoastal presence allows the company to effectively serve clients across the United States. Its operations are supported by a team of experts dedicated to advancing its technology and ensuring client satisfaction.
Challenges and Opportunities
While Intellicheck has carved out a strong niche in the identity verification market, it faces challenges such as staying ahead of rapid technological advancements and competing with other cybersecurity firms. However, its focus on innovation and its ability to adapt to emerging threats position it well to capitalize on the growing demand for secure and efficient identification solutions.
Conclusion
Intellicheck’s commitment to delivering reliable, real-time identification authentication solutions has made it a trusted name in the cybersecurity and identity verification industry. By addressing critical issues like fraud prevention and operational efficiency, the company continues to play a pivotal role in enhancing security and trust across diverse sectors.
Intellicheck, Inc. (Nasdaq: IDN) reported its fourth quarter and full-year 2022 financial results, highlighting a 17% growth in total revenue to $4,551,000, and a 21% increase in SaaS revenue, reaching $4,479,000. Year-over-year SaaS revenue for 2022 totaled $15,728,000, growing 21% despite a 3% decline in total annual revenue to $15,966,000. Gross profit margin improved to 94.8% for Q4 2022. The net loss decreased to $561,000 or $0.03 per diluted share for Q4, and the full-year net loss was $3,851,000 or $0.20 per diluted share. As of December 31, 2022, Intellicheck had $10.1 million in cash and short-term investments.
Intellicheck (Nasdaq: IDN) has announced a revised date for its earnings report and conference call due to needing more time to finalize financial statements for the year ended
Intellicheck (NASDAQ: IDN) is set to report its financial results for the fourth quarter and full year ended December 31, 2022, on March 7, 2023, during a conference call at 4:30 p.m. ET. The company, recognized for its digital identity validation solutions, is preparing to share insights into its operational performance. Interested parties can participate by dialing into the call, and a replay will be accessible shortly after the event. This financial report aims to inform stakeholders about the company's performance metrics, including earnings and operational results.
Intellicheck (NASDAQ: IDN), a leader in identity verification solutions, will participate in the Sidoti Micro-Cap Virtual Conference on January 18-19, 2023. CEO Bryan Lewis and CFO Jeff Ishmael will present on January 19 at 12:15 p.m. ET.
Investors can access the webcast via Intellicheck's Investor Relations page. They will also conduct one-on-one meetings with investors on January 18 and 19. Registration for the conference is free, and attendees do not need to be clients of Sidoti.
Intellicheck specializes in digital identity validation for various sectors including finance and e-commerce across North America.
A prominent financial institution has renewed and expanded its partnership with Intellicheck (Nasdaq: IDN), committing to a multimillion-dollar contract with a price increase and a minimum 20% rise in transaction volume. The collaboration will broaden physical applications and introduce digital use cases in 2023. Intellicheck's technology enhances client onboarding, stopping over 99% of fraud. The institution serves over 200 million customers globally, with $1.7 trillion in assets, emphasizing the value of Intellicheck’s identity validation solutions.
Intellicheck (NASDAQ: IDN) has partnered with the city of Charleston to launch a pilot program targeting underage drinking. This six-month initiative enables up to 31 area bars and restaurants to utilize Intellicheck's identity verification application, renowned for its 99% accuracy in authenticating IDs in under a second. The program, occurring at a reduced cost, aligns with ongoing efforts from local law enforcement to address fake ID issues. Twenty-four businesses have committed to participate, with the program starting on December 5.
Intellicheck, Inc. (Nasdaq: IDN) reported a 22% growth in SaaS revenue for Q3 2022, totaling $4 million despite a decline in overall revenue compared to last year. The company's core SaaS revenue reached $3.97 million, up from $3.25 million in Q3 2021. Gross profit margin improved to 91% versus 69% in the prior year. Adjusted EBITDA showed positive results at $75,000, compared to a loss of $272,000 in 2021. Although the company reported a net loss of $724,000 for the quarter, they highlighted growth in customer base and technology solutions.
Intellicheck (NASDAQ: IDN) announced it will report its financial results for the third quarter ending
Intellicheck (Nasdaq: IDN) announced that its CEO, Bryan Lewis, will present at the Windy City Roundup 2022 Conference on October 12 at 3:00 p.m. CDT. The conference is hosted in Chicago, Illinois, on October 12-13. A live webcast of the presentation will be available, with an on-demand replay accessible on the Intellicheck website for 90 days post-event. Intellicheck specializes in digital identity validation solutions, catering to various sectors, including finance and e-commerce, ensuring compliance and fraud prevention.
Intellicheck announced the appointment of Dondi Black and Greg Braca to its board of directors, effective September 14, 2022. Black, Senior VP at TSYS, brings over 30 years of fintech experience, while Braca, former CEO of TD Bank, has extensive banking knowledge. The company aims to leverage their expertise to enhance its identity validation solutions across various market sectors. Chairman Guy L. Smith expressed confidence that their contributions will support Intellicheck's growth strategy.
FAQ
What is the current stock price of Intellicheck (IDN)?
What is the market cap of Intellicheck (IDN)?
What does Intellicheck do?
How does Intellicheck generate revenue?
What industries does Intellicheck serve?
What makes Intellicheck’s technology unique?
Who are Intellicheck’s clients?
Where is Intellicheck headquartered?
What are Intellicheck’s competitive advantages?
What challenges does Intellicheck face?
How does Intellicheck ensure the reliability of its solutions?
What is Intellicheck’s market significance?
