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Stock impact report

Intellicheck Announces Third Quarter 2024 Financial Results

Intellicheck, Inc. (IDN) 
NASDAQ:AMEX Investor Relations: intellicheck.com/about/investor-center
Company Research Source: Business Wire
MELVILLE, N.Y.--(BUSINESS WIRE)--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 third quarter ended September 30, 2024. Total revenue for the third quarter ended September 30, 2024 was relatively flat at $4,709,000 compared to $4,760,000 in the same period of 2023. SaaS revenue increased 1% and totaled $4,661,000 compared to $4,635,000 in the same period of 2023.“The strategic moves we have made in expanding into new markets have yielded new sales and new sources of transaction volume. I remain laser focused on revenue growth and I will continue that intense focus for our shareholders and stakeholders alike,” said Intellicheck CEO, Bryan Lewis.Gross profit as a percentage of revenues remained strong at 91%, in line with expectations, for the three months ended September 30, 2024, equaling the 91% in the same period in 2023.Operating expense Show less Read more
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