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.
Business Overview
Intellicheck Inc is a technology company offering real-time identification authentication and age verification solutions that address issues related to identity theft and fraud. With a long-standing history since its founding in 1994, the company has developed advanced systems that integrate patented technologies to provide immediate, reliable identification services across multiple sectors. Its solutions enhance safety, improve customer service and boost operational efficiency in critical markets such as retail, hospitality, law enforcement, defense and transportation.
Advanced Technology and Patent Portfolio
The company employs state-of-the-art technology underpinned by a significant patent portfolio that validates its innovative approach. These patents secure its technological framework and enable the delivery of solutions that are both precise and efficient. The technology operates with the agility required to serve institutions like seaports, military bases and police departments, which demand robust and reliable security systems.
Market Applications and Operational Strength
Intellicheck's systems are deployed across a wide range of scenarios. The use cases span:
- Retail and Hospitality: Enhancing customer verification processes and increasing transaction security.
- Law Enforcement and Defense: Facilitating rapid identification in environments that require high levels of accuracy and security.
- Transportation: Streamlining access and improving safety protocols at critical transportation hubs.
This broad market application highlights not only the technological versatility of Intellicheck's solutions but also its significance as a trusted partner for major players in both public and private sectors.
Revenue Model and Business Operations
The company’s robust revenue model relies on multiple streams. Revenues are generated through the sale of integrated systems and software, subscription services, regular proprietary software upgrades and extended maintenance programs. This multi-pronged approach accommodates varying client needs and adapts to the dynamic demands of security and identification services.
Competitive Landscape and Industry Differentiation
Within the competitive technology landscape, Intellicheck distinguishes itself through its real-time authentication capabilities, a comprehensive portfolio of patents and proven implementations in high-stakes environments. Its solutions are not only designed to prevent fraud but also to streamline operational processes for entities requiring high levels of security and accuracy. In markets where precision and reliability are paramount, these differentiators contribute to the company’s strong positioning vis- -vis competitors.
Commitment to Expertise and Operational Excellence
Intellicheck’s approach is grounded in deep industry expertise and a commitment to continuous innovation. The systematic use of advanced technology and the strategic concentration on diversified market sectors underscore the company’s dedication to enhancing security frameworks across various industries. Through continuous research and development, Intellicheck remains a cornerstone in the realm of digital identification and authentication, catering to the evolving requirements of businesses and governments.
Intellicheck (NASDAQ: IDN) will report its financial results for Q1 2022 on June 13, 2022, after U.S. market close. The earnings conference call is scheduled for 4:30 p.m. ET the same day, where the company will discuss operating results. Interested parties can join by calling 877-407-8037 (within U.S.) or 201-689-8037 (international). A replay will be available shortly after the call, lasting until June 20, 2022.
Intellicheck (NASDAQ: IDN) received a notice from Nasdaq on May 24, 2022, regarding non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Q1 2022 Form 10-Q. The notice does not currently affect Intellicheck's stock listing. The company has 60 days to submit the necessary filings or a compliance plan. Intellicheck anticipates filing the Q1 report within 10 days, aiming to regain compliance.
Intellicheck (NASDAQ: IDN) announced the postponement of its earnings conference call to finalize accounting analyses related to its equity compensation program. The company projects revenue of approximately
Intellicheck announces the appointment of Jeffrey Ishmael as the new Chief Financial Officer, effective May 13. Ishmael comes with an extensive background in SaaS finance, having previously served as CFO at Cylance Inc., where he contributed to significant growth leading to a $1.4 billion acquisition. His experience also includes a role at Obsidian Security and involvement with private equity firms. The transition follows the departure of former CFO Bill White, who is moving to a different industry.
Intellicheck (Nasdaq: IDN) will report its Q1 financial results for the period ending March 31, 2022, on May 12, 2022, after U.S. market close. The company, known for its digital identity validation solutions, will discuss its operating results during a conference call at 4:30 p.m. ET. Investors can access the call by dialing 888-428-7458 domestically or 862-298-0702 for international calls. A replay will be available shortly after the live event until May 19, 2022.
Intellicheck, Inc. (Nasdaq: IDN) reported its financial results for the fourth quarter and full-year 2021, showcasing total revenue growth of 27% to $3.9 million in Q4 and 53% to $16.4 million for the full year. SaaS revenues rose 38% YoY, totaling $12.97 million. Despite increased revenues, the company faced a net loss of $1.4 million in Q4 and $4.1 million for the year, primarily due to increased operating expenses of $17 million. The gross profit margin decreased to 78.6% for the year, attributed to hardware sales. Q1 2022 guidance indicates SaaS revenue between $3.2 to $3.35 million.
Intellicheck (Nasdaq: IDN) announces the launch of Platform 2.0, enhancing identity validation for digital and physical documents. This platform aims to combat growing identity fraud risks globally, allowing businesses to verify various documents including passports and driver's licenses. CEO Bryan Lewis emphasized that the technology is essential for clients, many of whom are already integrating these advanced solutions. Intellicheck serves notable clients across financial services, retail, and law enforcement, providing flexible identity verification options through various technologies.
Intellicheck (NASDAQ: IDN) will report its financial results on
Intellicheck, Inc. (Nasdaq: IDN) reported a 79% increase in revenue for Q3 2021, reaching $4.83 million, up from $2.7 million in Q3 2020. SaaS revenue surged 32% to $3.25 million. However, the company faced a net loss of $952,000 or $0.05 per diluted share. Gross profit margin also declined to 68.7% from 89.1% year-over-year, primarily due to lower-margin hardware sales. Adjusted EBITDA was a loss of $271,000, contrasting with a gain of $169,000 in the prior year. As of September 30, cash totaled $13.3 million.
Intellicheck (NASDAQ: IDN) will report its financial results for Q3 on November 10, 2021, following the market close. A conference call to discuss the results will take place at 4:30 p.m. ET that day. This session will provide insights into the company's performance in the identity verification sector, focusing on advancements in technology to combat identity theft and fraud. Intellicheck partners with various sectors including retail and law enforcement to enhance operational efficiency.
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