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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.
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.
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