Intellicheck Stock Price, News & Analysis

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 June 30, 2022 on August 11, 2022, post market close. The company specializes in digital and physical identity validation solutions for various sectors including financial services and retail. A conference call to discuss the results will occur on the same day at 4:30 p.m. ET. Participants can join via phone, with a replay option available shortly after the event until August 18, 2022.

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.

Intellicheck, Inc. (Nasdaq: IDN) reported a strong first quarter for 2022, with total revenues increasing by 19% to $3,395,000 compared to $2,863,000 in 2021. SaaS revenue surged 21% to $3,353,000. Despite a decrease in the gross profit margin to 90.7% due to rising costs, operating expenses significantly fell to $4,547,000 from $7,281,000. The net loss narrowed to ($1,468,000) or ($0.08) per diluted share, down from ($4,624,000) or ($0.25) per diluted share in the prior year. As of March 31, 2022, cash stood at $11.1 million.

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 $3.39 million for Q1 2022, with an Adjusted EBITDA loss estimated at $(808,000). The date for the new earnings call will be disclosed after the completion of the accounting process.

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.