Core Insights - The second quarter for Intellicheck showed pressure in retail verticals and customers, but diversification efforts are expected to yield long-term benefits [1] - Total revenues decreased by 0.9% to $4.7 million, with SaaS revenue down 0.8% at $4.6 million; net loss improved to $127,000 from $853,000 a year ago [1][2] Retail Segment Performance - Customers in the retail segment are reducing spending, particularly on cards, impacting transaction volumes and ID verification on a "per scan" basis [3] - Retail bankruptcies and store closures among clients led to a 16% volume decline in the quarter, worsening from a 10% decline in the first quarter [3] - There is a bifurcation within retail, with volume gains in sporting goods and electronics, while other categories are losing ground [3] Identity Fraud Concerns - Identity fraud remains a significant issue, with increasing breaches resulting in tens of billions of dollars in losses; the cost of stolen identity information is alarmingly low [4] - Knowledge-based security protocols are becoming less effective due to compromised challenge questions and answers [4] Diversification Efforts - The company is expanding into verticals beyond retail, including a partnership with Doma Title Insurance to combat seller impersonation amid rising real estate scams [5] - New business lines have seen an 11% average price increase per transaction compared to older retail lines, indicating successful diversification strategies [6] - Management emphasizes that diversification is a crucial strategy that is proving effective [6]

Intellicheck Announces Second Quarter 2024 Financial Results Continued Operating Expense and Net Income Improvements MELVILLE, NY - August 8, 2024 - Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering on-demand digital and physical identity validation solutions, today announced its financial results for the second quarter ended June 30, 2024. Total revenue for the second quarter ended June 30, 2024 declined 0.9% to $4,672,000 compared to $4,716,000 in the same period of 2023. S ...

Intellicheck, Inc. (IDN) is expected to release second-quarter 2024 results on Aug 8, after market close. In the last reported quarter, the company reported an adjusted loss of 2 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 6 cents per share. Let's see how things have shaped up for Intellicheck this earnings season. Factors to Note Intellicheck's second-quarter performance is likely to have been aided by higher Software as a Service (SaaS) revenues, which consist of sof ...

One other Industrial Products stock that has outperformed the sector so far this year is Napco (NSSC) . The stock is up 42% year-to-date. In Napco's case, the consensus EPS estimate for the current year increased 3.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Intellicheck Mobilisa, Inc. (IDN) one of those stocks right n ...

Index UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission File No.: 001-15465 Intellicheck, Inc. (Exact name of Registrant as specified in its charter) 200 Broadhollow Road, ...

Intellicheck, Inc. (NASDAQ:IDN) Q1 2024 Earnings Conference Call May 13, 2024 4:30 PM ET Company Participants Gar Jackson - Investor Relations Bryan Lewis - Chief Executive Officer Jeff Ishmael - Chief Operating Officer and CFO Conference Call Participants Daniel Hibshman - Craig-Hallum Capital Group Scott Buck - H.C. Wainwright Rudy Kessinger - D.A. Davidson Lucas Horton - Northland Securities Operator Greetings. Welcome to the Intellicheck First Quarter 2024 Earnings Call. At this time, all participants a ...

As identity fraud continues to plague business verticals from banking to automotive and even higher education, verification company Intellicheck posted record Q1 earnings Monday (May 13). "The landscape of the market for identity verification is evolving against the backdrop of a growing sense of urgency being fueled by across-the-board incidents of identity theft and fraud," Intellicheck CEO Bryan Lewis told the company's earnings call. "This has led to a significant new focus on security and the consumers ...

Intellicheck Announces Record First Quarter 2024 Financial Results Total Revenues Grew 10% Year Over Year Continued Net Income and EBITDA Improvements MELVILLE, NY – May 13, 2024 - Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering on-demand digital and physical identity validation solutions, today announced its financial results for the first quarter ended March 31, 2024. Total revenue for the first quarter ended March 31, 2024 grew 10% to $4,680,000 compared to $4,254,000 in ...

MELVILLE, N.Y.--(BUSINESS WIRE)--Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering on-demand digital and physical identification validation solutions, will report financial results for the first quarter ended March 31, 2024 on May 13, 2024 after the close of the U.S. stock markets. The Company will hold an earnings conference call on May 13 at 4:30 p.m. ET/1:30 p.m. PT to discuss operating results. To listen to the earnings conference call, please dial 877-407-8037. For calle ...

MELVILLE, N.Y.--(BUSINESS WIRE)--Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering on-demand digital and physical identification validation solutions, will report financial results for the first quarter ended March 31, 2024 on May 13, 2024 after the close of the U.S. stock markets.The Company will hold an earnings conference call on May 13 at 4:30 p.m. ET/1:30 p.m. PT to discuss operating results. To listen to the earnings conference call, please dial 877-407-8037. For caller ...