Investors sent Intellicheck shares lower by 12% Thursday morning (Nov. 14) on a slight revenue miss. However, management pointed to potential in the company's identity verification offerings, particularly in the areas of real estate and banking (and where retail remains a core focus, although that sector has been pressured).
Intellicheck Mobilisa, Inc. (IDN) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.02 per share a year ago.
Intellicheck, Inc (NASDAQ:IDN ) Q2 2024 Results Conference Call August 8, 2024 4:30 PM ET Company Participants Gar Jackson - Investor Relations Bryan Lewis - Chief Executive Officer Jeffrey Ishmael - Chief Operating Officer and CFO Conference Call Participants Daniel Hibshman - Craig-Hallum Capital Group Andres Lopez - D.A. Davidson Operator Greetings, and welcome to the Intellicheck Second Quarter 2024 Earnings Call.
For Intellicheck, the hallmarks of the second quarter are that retail verticals and customers are pressured — but diversification efforts are paying off, and will pay off, over the longer term. On Thursday (Aug. 8), the company posted its latest earnings results that showed total revenues were down 0.9% to $4.7 million.
Intellicheck's (IDN) second-quarter 2024 results are likely to gain from higher SaaS revenues and the addition of new customers.
Intellicheck, Inc. CEO Bryan Lewis will be speaking at the FinovateSpring 2024 conference on May 21 at 10:15 a.m. PT. The conference will take place at the Marriott Marquis San Francisco from May 21 to 23, 2024. Lewis will deliver a presentation titled Next-Gen F during the general session.
Intellicheck, Inc. will be holding its Q1 2024 Earnings Conference Call on May 13, 2024 at 4:30 PM ET. Key participants include Gar Jackson, Bryan Lewis, and Jeff Ishmael. Conference call participants include Daniel Hibshman, Scott Buck, and Rudy Kessinger.
Intellicheck reported record earnings in the first quarter, as identity fraud remains a persistent issue across various industries including banking, automotive, and higher education.
Intellicheck Mobilisa, Inc. (IDN) appears to be an intriguing choice from a technical standpoint, having recently hit a crucial support level. The "golden cross," where IDN's 50-day simple moving average surpasses its 200-day simple moving average, has occurred, indicating a positive signal in trading circles.
The fallout from the massive data breach at AT&T — where information tied to 73 million current and former account holders was leaked — has yet to be felt. And changing passwords is a start, but by no means will it solve the problem.