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.
Intellicheck Inc. (IDN) provides cutting-edge identification authentication solutions that combat identity fraud across retail, government, and security sectors. This news hub offers investors and industry professionals centralized access to verified updates about the company's strategic developments.
Track essential announcements including quarterly financial results, technology partnerships, and product innovation milestones. Our curated feed simplifies monitoring of IDN's market position in real-time identity verification systems and fraud prevention technologies.
Key updates cover regulatory compliance progress, patent acquisitions, and deployment expansions with law enforcement agencies or Fortune 500 retailers. Bookmark this page for efficient tracking of how IDN's solutions enhance operational security in high-risk environments through mobile-ready authentication systems.
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.
Intellicheck (Nasdaq: IDN) has announced that CEO Bryan Lewis will feature in a virtual fireside chat at the D.A. Davidson Big Sky Technology Summit on August 22 at 1:00 p.m. ET. This event is significant for stakeholders, as it showcases the company’s commitment to engaging with investors and discussing developments in on-demand digital identity validation solutions. The chat will be live-streamed, with a replay available for 90 days on Intellicheck’s Investor Relations website.
Intellicheck, Inc. (Nasdaq: IDN) reported its financial results for Q2 2022, showing a 16% decline in total revenue to $4 million compared to Q2 2021. This decrease is linked to minimal non-core hardware sales, following an extraordinary one-time sale in the prior year. However, SaaS revenues grew 21% to a record $3.9 million. The company's gross profit margin increased to 91%, aided by lower equipment sales. Operating expenses rose to $4.7 million, contributing to a net loss of $1.1 million or $0.06 per share. Cash reserves are at $12 million, and stockholders' equity stands at $18.4 million.
Intellicheck (Nasdaq: IDN) will announce its financial results for the second quarter ended
Intellicheck (Nasdaq: IDN) announced its identity verification technology has been integrated by a global media and tech giant to enhance security for customers. CEO Bryan Lewis highlighted the importance of preventing fraud, especially to protect sensitive information in email accounts. Intellicheck's technology has identified nearly 1% of identification documents as invalid. The company serves various sectors, including fintech and retail, with its solutions utilized by top banks and multiple law enforcement agencies.
