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Intellicheck Inc   (IDN)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $1.7900 $-0.02 -1.105%
Day's High: $1.85 Week Perf: -0.56 %
Day's Low: $ 1.78 30 Day Perf: -4.28 %
Volume (M): 56 52 Wk High: $ 2.88
Volume (M$): $ 100 52 Wk Avg: $2.18
Open: $1.83 52 Wk Low: $1.56



 Market Capitalization (Millions $) 35
 Shares Outstanding (Millions) 19
 Employees 29
 Revenues (TTM) (Millions $) 18
 Net Income (TTM) (Millions $) -3
 Cash Flow (TTM) (Millions $) -8
 Capital Exp. (TTM) (Millions $) 0

Intellicheck Inc
We are a technology company engaged in developing, integrating and marketing identity authentication systems for various applications including mobile, handheld and integrated systems for the government, military and commercial markets. Our products include ID-Check, Retail ID™ and Age ID™ a patented technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from U.S. and Canadian jurisdictions designed to improve the customer experience for the financial, hospitality and retail sectors and Defense ID® and Law ID™ systems, advanced ID card access control products currently protecting military and federal locations.

We plan to expand our business in the near term by pursuing a strategy designed to increase market share in our existing markets and expand into new product markets that are expected to benefit from enhanced safety, regulatory compliance and fraud prevention. For example, we have extended our technologies into online applications to provide enhanced safety, regulatory compliance and fraud prevention for the billions of transactions that occur online each day. We are also developing biometric and other enhancements to several of our current product offerings.

We sold our wireless enterprise assets on August 31, 2015 to focus the Company’s resources on our core identity authentication business.

We plan to leverage our intellectual property in the markets we are targeting to strengthen our competitive position.

Our primary businesses include Identity Systems products, which include commercial applications of identity card reading authentication and government sales of defense security and identity card applications.

Our technologies address problems such as:

Commercial Fraud and Risk Management – which may lead to economic losses to merchants from check cashing, debit and credit card, e-commerce as well as other types of fraud such as identity theft that principally use fraudulent identification documents as proof of identity;

Instant Credit Card Approval – retail stores use our technology to scan a driver license at a kiosk or at the Point Of Sale (POS) and send the information to a credit card underwriter to get instant approval for a loyalty-branded credit card. This technique protects consumer data and is significantly more likely to result in a completed transaction compared to in-store personnel asking customers to fill out a paper form;

Unauthorized Access – our systems and software are designed to increase security and deter terrorism at airports, shipping ports, rail and bus terminals, military installations, high profile buildings and infrastructure where security is a concern; and

Inefficiencies Associated With Manual Data Entry – by reading encoded data contained in the bar code and magnetic stripe of an identification card with a quick swipe or scan of the card, where permitted by law, customers are capable of accurately and instantaneously inputting information into forms, applications and the like without the errors associated with manual data entry.

Background on Identification Documentation

Driver license

The driver license is the most widely used form of government issued photo identification in North America. The Real ID Act, which became federal law in May 2005, recognizes that the driver license is also a quasi-identification card. In addition to its primary function, the driver license is used to verify identity for social services, firearm sales, check cashing, credit card issuance and use and other applications. Our technology can read the electronically stored information on all currently issued driver licenses (even those that do not comply with the AAMVA/ANSI/ISO standards). Today, all 50 states, the District of Columbia and all 13 Canadian provinces/territories electronically store information on their driver license.

Non-driver identification card

Each U.S. and Canadian Jurisdiction also provides a non-driver identification card as an alternative form of identification for those unable to acquire a driver license. These identification cards are issued with most of the same data found on a driver license. Military documents also provide a means of identification and contain encoded data as well. Since driver licenses are the most widely used form of legally acceptable government documentation, we refer to all these identification documents as “driver licenses.” Our IDvCheck® software can perform its function on all these forms of identification.

Current Challenges Associated with Verifying Identification Documents

The high-tech revolution has created a major problem for those who rely on identification documents. In an age where scanners, computers and color printers are commonplace, fake IDs of the highest quality are easily obtainable from many locations including college campuses and from multiple sites on the Internet. These fakes appear so real, even law enforcement agencies have encountered difficulty distinguishing them from legally issued documents. Additionally, these high-tech devices can easily alter properly issued ID. Therefore, anyone can gain access to a false identity that gives them the ability, in a commercial transaction, to present fake and stolen credit cards or checks that are supported by false identification. Additionally, starting with only a fraudulent driver license, an individual may be able to create multiple identities, commit fraud, buy age restricted products such as alcohol and tobacco while underage, evade law enforcement and engage in other criminal activities, such as:

committing identity theft; gaining entrance to high profile buildings and sensitive infrastructures,

improperly boarding airplanes; engaging in medical fraud;

committing credit card, debit card and check cashing fraud; purchasing age restricted products such as alcohol and tobacco while under age; and

illegally purchasing firearms; obtaining welfare or other government benefits.

unlawfully committing pharmacy fraud, including false narcotic prescriptions;

committing refund fraud;

Given the ease with which identification can be falsified, simply looking at a driver license may not be sufficient to verify age or identity and determine if it is fraudulent. Since merchants are facing significant economic losses due to these frauds, we believe that a document verification system which can accurately read the electronically stored information is needed. We possess patented technology that provides an analysis of the data contained on the encoded formats of these identification documents by reading and analyzing the encoded format on the magnetic stripe or bar code on the driver license and comparing it against known standards.



   Company Address: 200 Broadhollow Road Melville 11747 NY
   Company Phone Number: 992-1900   Stock Exchange / Ticker: NASDAQ IDN
   IDN is expected to report next financial results on March 27, 2024.


Customers Net Income grew by IDN's Customers Net Profit Margin grew to

36.47 %

17.04 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AEYE        5.12% 
MSFT        0.49% 
HON   -1.19%    
ZBRA        0.19% 
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Intellicheck Inc

Intellicheck Inc Surpasses Expectations with Astonishing Double-Digit Revenue Surge

Intellicheck Inc, a leading technology company specializing in identification authentication and validation solutions, recently released their financial results for the third quarter of 2023 earnings season. The report highlighted some positive developments for the company, including a decrease in their loss per share compared to the previous year and an improvement in their earnings per share from the previous reporting period.
In terms of revenue, Intellicheck Inc saw an admirable increase of 18.644% to $4.76 million from $4.01 million in the corresponding reporting period a year prior. Additionally, their revenue increased by 0.933% from $4.72 million sequentially. These figures indicate that Intellicheck Inc has performed exceptionally well in comparison to their industry peers in the Software & Programming sector, as other companies in the industry only showed a 12.08% rise in revenue during the same period.

Intellicheck Inc

Intellicheck Inc Witnesses Impressive Double-Digit Surge in Top-line Performance during Financial Q2 2023


Introduction
Intellicheck Inc, a leading software and programming company, recently released its financial results for the fiscal period spanning April to June 30, 2023. The company demonstrated promising signs of growth and improvement, showing significant advancements in various financial metrics. This article will outline the key facts derived from the financial results, highlighting Intellicheck's revenue growth and reduced losses per share. Additionally, the article will provide context by discussing the company's recent stock performance.
Financial Results Overview
1. Improved EPS: Intellicheck Inc diminished its loss per share to $-0.04, an improvement from $-0.06 during the same period last year. Furthermore, the company's EPS enhanced from $-0.07 in the previous reporting period, showcasing positive progress in this key financial metric.

Intellicheck Inc

Intellicheck Inc Experiences Substantial Boost in Revenue, but Falls Short of Profitability in Q1 2023 Earnings Season

Intellicheck Inc, a leading provider of advanced identification authentication solutions, recently announced its financial results for the most recent fiscal period. The company reported a significant increase in revenue by 25.302% to $4.25 million from the corresponding reporting period a year prior. However, despite the surge in revenue, Intellicheck Inc suffered a net loss of $0.07 per share. This is in comparison to the previous period when the company registered a net income of $0.00 per share, and Revenue decreased by -6.526% from $4.55 million.
During the first quarter of the 2023 earnings season, Intellicheck Inc reported a net shortfall of $-1.316 million, which is an improvement from the deficit of $-1.468 million in the corresponding reporting period a year ago. This demonstrates some improvement in the company's financial performance. Intellicheck Inc is expected to report its next financial numbers on June 08, 2023.






 

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