Intellicheck (NASDAQ:IDN) Releases Quarterly Earnings Results, Meets Estimates

Intellicheck (NASDAQ:IDN) released its quarterly earnings data on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02, FiscalAI reports. The company had revenue of $5.74 million during the quarter. Intellicheck had a return on equity of 15.02% and a net margin of 13.03%.

Here are the key takeaways from Intellicheck’s conference call:

• Q3 revenue fell 5% year over year to $5.7 million and 3% sequentially. The largest customer is still evaluating its vendor strategy, and management expects lower volumes from it throughout Q4; the company said it cannot predict how much of the business it will retain.
• Intellicheck reported $471,000 in net income and $892,000 in Adjusted EBITDA, marking five consecutive quarters of positive net income and six of positive Adjusted EBITDA. It ended the quarter with $13.2 million in cash and no debt.
• For the first nine months, revenue grew 7% to $17.2 million and SaaS revenue grew 8%; operating cash flow was $3.3 million, versus $2.1 million a year earlier. Management reiterated its expectation for full-year 2026 net income and positive Adjusted EBITDA.
• The company is pursuing growth through deeper adoption by existing customers and partnerships that could extend its reach into wealth management, automotive, logistics, and smaller banks and credit unions. These channels and deployments offer potential, though management did not provide revenue guidance for them.

Intellicheck Trading Down 5.5%

Shares of Intellicheck stock traded down $0.13 during trading on Thursday, hitting $2.24. The stock had a trading volume of 257,901 shares, compared to its average volume of 261,307. The business’s 50-day moving average is $2.35 and its 200 day moving average is $4.33. The firm has a market cap of $45.40 million, a price-to-earnings ratio of 15.80 and a beta of 0.76. Intellicheck has a 12 month low of $1.95 and a 12 month high of $9.08.

Institutional Trading of Intellicheck

A number of hedge funds have recently bought and sold shares of the company. Diversify Advisory Services LLC purchased a new stake in shares of Intellicheck in the 3rd quarter valued at $34,000. NewEdge Advisors LLC increased its position in Intellicheck by 201.0% during the 2nd quarter. NewEdge Advisors LLC now owns 70,625 shares of the company’s stock valued at $290,000 after purchasing an additional 47,163 shares during the period. Allworth Financial LP raised its stake in Intellicheck by 525.9% in the second quarter. Allworth Financial LP now owns 8,450 shares of the company’s stock worth $35,000 after buying an additional 7,100 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of Intellicheck by 7.5% in the 2nd quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock valued at $496,000 after purchasing an additional 8,453 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Intellicheck in the 2nd quarter worth about $201,000. Institutional investors own 42.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on IDN. Northland Securities set a $6.00 target price on Intellicheck in a report on Friday, August 14th. Weiss Ratings raised shares of Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Wall Street Zen upgraded shares of Intellicheck from a “hold” rating to a “buy” rating in a research note on Sunday, November 1st. Finally, DA Davidson decreased their price target on Intellicheck from $7.50 to $5.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Intellicheck currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

About Intellicheck

Intellicheck, Inc. (NASDAQ: IDN) provides identity-validation and document-authentication technology. Its platform is designed to help organizations determine whether government-issued identification documents, including driver’s licenses and other identity cards, are genuine and whether the information presented is consistent with the document. The company’s solutions are delivered through mobile and digital channels and are used for applications such as customer onboarding, account opening, fraud prevention, age verification, lending, payments, retail transactions and access control.