Intellicheck - IDN STOCK NEWS

Intellicheck (NASDAQ: IDN), an identity verification company, has received ISO/IEC 27001:2013 and ISO/IEC 27701:2019 certifications, underscoring its commitment to information security and privacy. CEO Bryan Lewis emphasized that these certifications reflect the company’s high standards in delivering cutting-edge technology solutions. The rigorous criteria met by Intellicheck's technical controls and IT security policies received global recognition, asserting its status as a world-class organization. Intellicheck provides digital and physical identity verification solutions, serving top banks, credit card issuers, and over 30,000 retail locations across North America, enhancing its appeal in the fintech and financial services sector.

Intellicheck (NASDAQ: IDN) has achieved full GDPR certification, confirming compliance with European consumer privacy standards. This milestone allows Intellicheck to penetrate European markets, addressing rising concerns over identity theft and fraud. The company’s technology supports identity validation for over 30,000 retail locations across North America and is utilized by leading banks and credit card issuers. CEO Bryan Lewis emphasized the significance of this certification, stating it enhances the company’s ability to onboard customers swiftly while protecting against fraud. As incidents of identity-related crimes rise, Intellicheck's solutions are increasingly relevant for businesses and consumers alike.

Intellicheck (Nasdaq: IDN) has partnered with DealerShop, allowing auto dealers and collision centers to utilize advanced identity verification solutions to combat fraud. This collaboration addresses rising fraud-related losses in the industry. DealerShop, North America's largest distributor for auto dealers, serves over 2,010 dealerships and 300 collision centers. Intellicheck's technology has reportedly saved clients approximately $65 million in just two months of 2023 by preventing fraudulent activities. This partnership aims to enhance protective measures while promoting community safety.

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 December 31, 2022. The earnings call is rescheduled for March 21, 2023, at 4:30 p.m. ET. This delay may raise concerns among investors regarding financial performance and transparency. For verification and identification needs, Intellicheck provides solutions utilized by various sectors, including finance and law enforcement.

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.