Intellicheck Inc (IDN)

Intellicheck To Present at the Planet Microcap Showcase in Las VegasMay 27, 2026 8:05 AM
Business Wire Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering proprietary on-demand digital and physical identity validation solutions, today announced that CEO Bryan Lewis will present at the Planet Microcap Showcase 2026 taking place on Wednesday, June 17, 2026 at the Bellagio Hotel & Resort in Las Vegas, Nevada. Joining him at the conference will be CFO Adam Sragovicz. The presentation will begin at 3:00 p.m. PT on Wednesday, June 17. A webcast of the presentation will be available at https://event.summitcast.com/view/bpjo3VVjZ25pp6SXpUua92/CkqDC2MahLMw5ATycVoAhm If you would like to book one-on-one investor meetings with Intellicheck CEO Lewis and CFO Sragovicz and attend the Planet MicroCap Las Vegas 2026 conference please make sure you are registered here: REGISTER One-on-one meetings will be scheduled and conducted in person at the conference venue: Bellagio Resort & Hotel in Las Vegas, Nevada. About Intellicheck
Intellicheck (Nasdaq: IDN), the industry leader in identity verification management, prevents the use of unauthorized IDs to stop identity-based fraud. Intellicheck is the only SaaS-based validation and proofing service that uses a unique and proprietary analysis of DMV-issued IDs to create trusted, real-time customer identity verification experiences across a wide variety of sectors, both in-person and digitally. Intellicheck is processing identity transactions for almost half the adult population in the United States and Canada annually with state-of-the-art technology solutions that are providing a seamless, invisible ID verification experience while delivering 99.975% decisioning in under a second when a customer is using our tools to capture the document. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, X, Facebook, and YouTube. View source version on businesswire.com: https://www.businesswire.com/news/home/20260527978649/en/ Investor Relations: Gar Jackson (949) 873-2789 / gjackson@intellicheck.com
Media and Public Relations: Sharon Schultz (302) 539-3747 / sschultz@intellicheck.com Original: Intellicheck To Present at the Planet Microcap Showcase in Las Vegas

Intellicheck To Participate in the D.A. Davidson 2nd Annual Technology & Consumer ConferenceMay 20, 2026 8:05 AM
Business Wire Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering proprietary on-demand digital and physical identity validation solutions, today announced that CEO Bryan Lewis will be hosting one-on-one meetings at the D.A. Davidson 2nd Annual Technology & Consumer Conference on June 11, 2026 in Nashville, Tennessee. Joining him at the conference will be CFO Adam Sragovicz. If you would like to book one-on-one investor meetings with Intellicheck CEO Lewis and CFO Sragovicz, please contact your D.A. Davidson representative. About Intellicheck
Intellicheck (Nasdaq: IDN), the industry leader in identity verification management, prevents the use of unauthorized IDs to stop identity-based fraud. Intellicheck is the only SaaS-based validation and proofing service that uses a unique and proprietary analysis of DMV-issued IDs to create trusted, real-time customer identity verification experiences across a wide variety of sectors, both in-person and digitally. Intellicheck is processing identity transactions for almost half the adult population in the United States and Canada annually with state-of-the-art technology solutions that are providing a seamless, invisible ID verification experience while delivering 99.975% decisioning in under a second when a customer is using our tools to capture the document. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, X, Facebook, and YouTube. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520991987/en/ Investor Relations: Gar Jackson (949) 873-2789 / gjackson@intellicheck.com
Media and Public Relations: Sharon Schultz (302) 539-3747 / sschultz@intellicheck.com Original: Intellicheck To Participate in the D.A. Davidson 2nd Annual Technology & Consumer Conference

Sidoti Events, LLC's May Micro-Cap Virtual ConferenceMay 20, 2026 7:30 AM
ACCESS NewswireNEW YORK, NY / ACCESS Newswire / May 20, 2026 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day May Micro-Cap Virtual Investor Conference taking place Wednesday and Thursday, May 20-21, 2026. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links. Presentation Schedule*All Times EDTWednesday, May 20, 2026 (Day 1)8:30-9:00Huize Holding Limited (HUIZ)*****9:15-9:45U Power Limited (UCAR)SuperCom (SPCB)10:00-10:30InTest Corporation (INTT)Dyadic Applied BioSolutions (DYAI)10:45-11:15International Battery Metals (IBATF)A2Z Cust2mate (AZ)11:30-12:00C1 Fund (CFND)Oil States International (OIS)12:15-12:45Heliostar Metals (HSTR)Acme United Corporation (ACU)1:00-1:30Matrix Service Company (MTRX)Horizon Aircraft (HOVR)1:45-2:15Intrusion Inc. (INTZ) 2:30-3:00ESS Tech (GWH)*****3:15-3:4520/20 Biolabs, Inc. (AIDX)*****4:00-4:30***** 1x1s Only(20th)Bassett Furniture (BSET)****************All Times EDTThursday, May 21, 2026 (Day 2)8:30-9:00Owlting Group (OWLS)Einride (LEGT)9:15-9:45Mastech Digital, Inc. (MHH)CBAK Energy Technology (CBAT)10:00-10:30Cabbacis (CABI)Electra AI (IRHO)10:45-11:15Intellicheck (IDN)*****11:30-12:00Harvard Bioscience, Inc. (HBIO)Stakeholder Gold Corporation (SRC)12:15-12:45*****First Phosphate (FRSPF)1:00-1:30SafeSpace Global Corp. (SSGC)*****1:45-2:15Myomo, Inc (MYO)*****2:30-3:00Flexsteel Industries, Inc. (FLXS)*****3:15-3:45Oragenics, Inc. (OGEN)Power Metallic Mines (PNPNF)4:00-4:30Highland Copper Company (HDRSF)*****1x1s Only(21st)Bassett Furniture (BSET)***************About Sidoti Events, LLC ("Events") and Sidoti & Company, LLC ("Sidoti")
In 2023, Sidoti & Company, LLC formed an affiliate company, Sidoti Events, LLC in order to focus exclusively on its rapidly growing conference business and to more directly serve the needs of presenters and attendees. The relationship allows Events to draw on the over 25 years of experience Sidoti has as a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $200 million-$5 billion market cap range. Sidoti's coverage universe comprises approximately 130 equities, of which over 80 percent participate in the firm's rapidly growing Company Sponsored Research ("CSR") program. Events is a leading provider of corporate access through the many investor conferences it hosts each year. By virtue of its direct ties to Sidoti, Events benefits from Sidoti's small- and microcap-focused nationwide sales force, which has connections with over 2,500 institutional relationships in North America. This enables Events to provide multiple forums for meaningful interaction for small and microcap issuers and investors specifically interested in companies in the sector.Media Contact:Ally Cecil
Conference Coordiantor

Intellicheck Announces Record First Quarter 2026 ResultsMay 12, 2026 4:05 PM
Business Wire Net income improved to $636,000 with EPS of $0.03 Q1 record Adjusted EBITDA of $935,000 Quarter end cash balance of $10.1 million 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, 2026. Total revenue for the first quarter ended March 31, 2026 grew 13% to a record $5,524,000 compared to $4,894,000 in the same period of 2025. First quarter SaaS revenue grew 13% and totaled $5,514,000 compared to $4,868,000 in the same period of 2025. “This quarter further validates our belief that Intellicheck has reached a key inflection point in the evolution of our business and our path to profitability. At our current operating run rate, incremental revenue is expected to flow meaningfully to the bottom line. We believe this demonstrates the leverage in our business model and the successful execution across the organization. We ended the quarter with more than $10 million in cash, no debt, and what we believe is a truly differentiated identity verification platform,” said Intellicheck CEO Bryan Lewis. Gross profit as a percentage of revenues improved to 91.0% for the three months ended March 31, 2026 compared to 89.7% in the same period in 2025. Operating expenses for the three months ended March 31, 2026, which consist of selling, general and administrative expenses and research and development expenses decreased by 5.4% to $4,483,000 for the first quarter of 2026 compared to $4,740,000 for the same period of 2025. Included within operating expenses for the first quarters of 2026 and 2025 were $200,000 and $177,000, respectively, of non-cash equity compensation expense. Net income for the three months ended March 31, 2026 improved significantly to $636,000 or $0.03 per diluted share compared to Net loss of ($318,000) or ($0.02) per diluted share for the same period in 2025. Adjusted EBITDA (earnings before interest and other income, provision for income taxes, sales tax accrual, depreciation, amortization, stock-based compensation expense and certain non-recurring charges) also improved significantly to $935,000 for the first quarter of 2026 as compared to ($17,000) for the same period of 2025. A reconciliation of adjusted EBITDA to net income (loss) is provided in this release. As of March 31, 2026, the Company had cash of $10,062,000 and stockholders’ equity totaled $21,533,000. Conference Call Information The Company will hold an earnings conference call on May 12 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 callers outside the U.S., please dial 201-689-8037. A replay of the conference call will be available shortly after completion of the live event. To listen to the replay, please dial 877-660-6853 and use conference identification number 13759884. For callers outside the U.S., please dial 201-612-7415 and use conference identification number 13759884. The replay will be available beginning approximately three hours after the completion of the live event and will remain available until May 19, 2026. INTELLICHECK, INC.   UNAUDITED CONDENSED BALANCE SHEETS MARCH 31, 2026 AND DECEMBER 31, 2025 (in thousands, except share and per share amounts)     March 31,
2026   December 31,
2025   (Unaudited)     ASSETS       CURRENT ASSETS:       Cash and cash equivalents $ 10,062     $ 9,650   Accounts receivable, net of allowance for credit losses of $157 at March 31, 2026 and December 31, 2025   5,740       3,365   Other current assets   893       892   Total current assets   16,695       13,907           PROPERTY AND EQUIPMENT, NET   374       394   GOODWILL   8,102       8,102   INTANGIBLE ASSETS, NET   1,937       2,077   OTHER ASSETS   1       1   Total assets $ 27,109     $ 24,481           LIABILITIES AND STOCKHOLDERS’ EQUITY               CURRENT LIABILITIES:       Accounts payable $ 425     $ 226   Accrued expenses   2,229       1,897   Deferred revenue   2,922       1,661   Total current liabilities   5,576       3,784           Total liabilities   5,576       3,784           COMMITMENTS AND CONTINGENCIES               STOCKHOLDERS’ EQUITY:       Preferred stock - $0.01 par value; 30,000 shares authorized; Series A convertible preferred stock, zero shares issued and outstanding at March 31, 2026 and December 31, 2025   —       —   Common stock - $0.001 par value; 40,000,000 shares authorized; 20,239,060 and 20,225,323 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively   20       20   Additional paid-in capital   154,087       153,887   Accumulated deficit   (132,574 )     (133,210 ) Total stockholders’ equity   21,533       20,697           Total liabilities and stockholders’ equity $ 27,109     $ 24,481     INTELLICHECK, INC.   UNAUDITED CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025 (in thousands, except share and per share amounts)     Three months ended March 31,     2026       2025           REVENUES $ 5,524     $ 4,894   COST OF REVENUES   (499 )     (502 ) Gross profit   5,025       4,392           OPERATING EXPENSES       Selling, general and administrative   3,242       3,453   Research and development   1,241       1,287   Total operating expenses   4,483       4,740           Income (loss) from operations   542       (348 )         OTHER INCOME AND EXPENSE       Other income, net   94       30   Total other income, net   94       30           Net income (loss) before provision for income taxes   636       (318 ) Provision for income taxes   —       —           Net income (loss) $ 636     $ (318 )         PER SHARE INFORMATION       Income (loss) per common share -       Basic $ 0.03     $ (0.02 ) Diluted $ 0.03     $ (0.02 )         Weighted average common shares used in computing per share amounts       Basic   20,236,880       19,816,043   Diluted   20,850,957       19,816,043     INTELLICHECK, INC.   UNAUDITED CONDENSED STATEMENTS OF STOCKHOLDERS’ EQUITY FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025 (in thousands, except number of shares)     Three months ended March 31, 2026   Common Stock   Additional Paid-in Capital   Accumulated Deficit   Total Stockholders’ Equity   Shares   Amount                         BALANCE, December 31, 2025 20,225,323   $ 20   $ 153,887   $ (133,210 )   $ 20,697                     Stock-based compensation –     –     200     –       200 Issuance of shares for vested restricted stock grants 13,737     –     –     –       – Net income –     –     –     636       636 BALANCE, March 31, 2026 20,239,060   $ 20   $ 154,087   $ (132,574 )   $ 21,533     Three months ended March 31, 2025   Common Stock   Additional Paid-in Capital   Accumulated Deficit   Total Stockholders’ Equity   Shares   Amount                         BALANCE, December 31, 2024 19,782,311   $ 19   $ 152,211   $ (134,483 )   $ 17,747                       Stock-based compensation –     –     179     –       179   Issuance of shares for vested restricted stock grants 33,732     –     –     –       –   Net loss –     –     –     (318 )     (318 ) BALANCE, March 31, 2025 19,816,043   $ 19   $ 152,390   $ (134,801 )   $ 17,608     INTELLICHECK, INC.   UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025     Three months ended March 31,     2026       2025           CASH FLOWS FROM OPERATING ACTIVITIES:       Net income (loss) $ 636     $ (318 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities       Depreciation and amortization   193       154   Stock-based compensation   200       177   Credit loss expense   16       14   Changes in assets and liabilities:       (Increase) in accounts receivable   (2,391 )     (2,846 ) (Increase) in other current assets and other assets   (2 )     (200 ) Increase in accounts payable and accrued expenses   532       251   Increase in deferred revenue   1,261       3,518   Net cash provided by operating activities   445       750           CASH FLOWS FROM INVESTING ACTIVITIES:       Purchases of property and equipment   (33 )     (9 ) Software development costs   —       (164 ) Net cash used in investing activities   (33 )     (173 )         CASH FLOWS FROM FINANCING ACTIVITIES:       Repayment of insurance financing arrangements   —       (95 ) Net cash used in financing activities   —       (95 )         Net increase in cash   412       482           CASH AND CASH EQUIVALENTS, beginning of period   9,650       4,666           CASH AND CASH EQUIVALENTS, end of period $ 10,062     $ 5,148           Supplemental disclosures of cash flow information:       Cash paid for interest $ —     $ (3 ) Cash paid for income taxes $ —     $ —     Adjusted EBITDA We use Adjusted EBITDA as a non-GAAP financial performance measurement. Adjusted EBITDA is calculated by adjusting net income (loss) for certain reductions such as restructuring severance expenses, interest and other income, provisions for income taxes, depreciation, amortization and stock-based compensation expense. Adjusted EBITDA is provided to investors to supplement the results of operations reported in accordance with GAAP. Management believes that Adjusted EBITDA provides an additional tool for investors to use in comparing our financial results with other companies that also use Adjusted EBITDA in their communications to investors. By excluding non-cash charges such as amortization, depreciation and stock-based compensation, as well as non-operating charges for interest and provisions for income taxes, investors can evaluate our operations and can compare the results on a more consistent basis to the results of other companies. In addition, Adjusted EBITDA is one of the primary measures that management uses to monitor and evaluate financial and operating results. We consider Adjusted EBITDA to be an important indicator of our operational strength and performance of our business and a useful measure of our historical operating trends. However, there are significant limitations to the use of Adjusted EBITDA since it excludes restructuring severance expenses, interest and other income, provisions for income taxes, stock-based compensation expense, all of which impact our profitability, as well as depreciation and amortization related to the use of long-term assets which benefit multiple periods. We believe that these limitations are compensated by providing Adjusted EBITDA only with GAAP net income (loss) and clearly identifying the difference between the two measures. Consequently, Adjusted EBITDA should not be considered in isolation or as a substitute for net income (loss) presented in accordance with GAAP. Adjusted EBITDA as defined by us may not be comparable with similarly named measures provided by other companies.   (unaudited)   Three Months Ended March 31,     2026       2025           Net income (loss) $ 636     $ (318 ) Reconciling items:       Other income, net   (94 )     (30 ) Depreciation and amortization   193       154   Stock-based compensation   200       177           Adjusted EBITDA $ 935     $ (17 ) Adjusted Gross Profit We use Adjusted Gross Profit as a non-GAAP financial performance measurement. Adjusted Gross Profit is calculated by adjusting gross profit for the reduction of amortization expense. Adjusted Gross Profit is provided to investors to supplement the results of operations reported in accordance with GAAP. We believe Adjusted Gross Profit is important because it focuses on the current operating performance, as amortization expense does not accurately reflect the current costs required to maintain the operational usage of our service. Rather, amortization expense reflects the allocation of historical software development costs over their estimated useful lives. As an indicator of our operating performance, Adjusted Gross Profit should not be considered an alternative to, or more meaningful than, gross profit as determined in accordance with GAAP. Our Adjusted Gross Profit may not be comparable to a similarly titled measure of another company because other entities may not calculate Adjusted Gross Profit in the same manner.   (unaudited)   Three Months Ended March 31,     2026       2025           Revenues $ 5,524     $ 4,894   Cost of revenues, exclusive of amortization   362       399   Amortization allocable to cost of revenues   137       103   Gross profit   5,025       4,392   Add:       Amortization allocable to cost of revenues   137       103   Adjusted gross profit   5,162       4,495           Gross profit as a percentage of revenues   91.0 %     89.7 % Adjusted gross profit as a percentage of revenues   93.4 %     91.8 % About Intellicheck Intellicheck (Nasdaq: IDN), the industry leader in identity verification management, prevents the use of unauthorized IDs to stop identity-based fraud. Intellicheck is the only SaaS-based validation and proofing service that uses a unique and proprietary analysis of DMV-issued IDs to create trusted, real-time customer identity verification experiences across a wide variety of sectors, both in-person and digitally. Intellicheck is processing identity transactions for almost half the adult population in the United States and Canada annually with state-of-the-art technology solutions that are providing a seamless, invisible ID verification experience while delivering 99.975% decisioning in under a second when a customer is using our tools to capture the document. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, X, Facebook, and YouTube. Safe Harbor Statement Statements in this news release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA), including statements regarding future demand for our products and services, future revenue, profitability, Adjusted EBITDA, cash flow and other financial metrics, our growth strategy and ability to scale the business, expansion into new vertical markets and customer segments, the anticipated impact of artificial intelligence on identity fraud and on demand for our products, and our ability to leverage existing partnerships or enter into new ones. These statements express management's current views and use words like "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "target," "will," "would" and similar terms. This statement is included for the express purpose of availing Intellicheck, Inc. of the protections of the safe harbor provisions of the PSLRA. Actual results could differ materially due to factors including: market acceptance and adoption of our SaaS offerings; customer concentration; competition, including from providers with greater resources; the rapid evolution of artificial intelligence, including the use of generative AI to create synthetic identities and deepfakes, and our ability to maintain technological advantages; changes in privacy, biometric, data protection and AI laws and regulations; pending or future litigation and regulatory inquiries; cybersecurity incidents, data breaches or service interruptions; macroeconomic and geopolitical conditions and the effect on the economy of the ongoing conflict in the Middle East, including effects to consumer sentiment and inflationary pressures; our ability to attract and retain key personnel; our ability to utilize net operating loss carryforwards, including limitations under Section 382; risks associated with being a smaller reporting and micro-cap company; and other risks described in our filings with the Securities and Exchange Commission, including under "Risk Factors" in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. We do not assume any obligation to update the forward-looking information contained in this release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260512159117/en/ Investor Relations: Gar Jackson (949) 873-2789 / gjackson@intellicheck.com
Media and Public Relations: Sharon Schultz (302) 539-3747 / sschultz@intellicheck.com Original: Intellicheck Announces Record First Quarter 2026 Results

Intellicheck CEO Bryan Lewis To Present at the Sidoti Micro-Cap Virtual Conference on May 21May 7, 2026 8:05 AM
Business Wire Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering proprietary on-demand digital and physical identity validation solutions, today announced that CEO Bryan Lewis will present at the Sidoti Micro-Cap Virtual Conference taking place on May 20-21, 2026. Joining him at the conference will be CFO Adam Sragovicz. The presentation will begin at 10:45 a.m. EDT on Thursday, May 21 st. Intellicheck CEO Lewis and CFO Sragovicz will also host virtual one-on-one meetings with investors on May 20th and 21st, 2026. To register to view the presentation or to schedule one-on-one meetings, visit https://sidoti.zoom.us/webinar/register/WN_86N1-zkqQYSBNPSBGlgn5Q. Registration is free and participants do not need to be a Sidoti client. About Intellicheck
Intellicheck (Nasdaq: IDN), the industry leader in identity verification management, prevents the use of unauthorized IDs to stop identity-based fraud. Intellicheck is the only SaaS-based validation and proofing service that uses a unique and proprietary analysis of DMV-issued IDs to create trusted, real-time customer identity verification experiences across a wide variety of sectors, both in-person and digitally. Intellicheck is processing identity transactions for almost half the adult population in the United States and Canada annually with state-of-the-art technology solutions that are providing a seamless, invisible ID verification experience while delivering 99.975% decisioning in under a second when a customer is using our tools to capture the document. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, X, Facebook, and YouTube. View source version on businesswire.com: https://www.businesswire.com/news/home/20260507906845/en/ Investor Relations: Gar Jackson (949) 873-2789/ gjackson@intellicheck.com
Media and Public Relations: Sharon Schultz (302) 539-3747/ sschultz@intellicheck.com Original: Intellicheck CEO Bryan Lewis To Present at the Sidoti Micro-Cap Virtual Conference on May 21

Intellicheck To Announce First Quarter 2026 Financial Results on May 12, 2026April 28, 2026 8:05 AM
Business Wire
Conference Call at 4:30 p.m. ET/1:30 p.m. PT


Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering proprietary on-demand digital and physical identification validation solutions, will report financial results for the first quarter ended March 31, 2026 on May 12, 2026 after the close of the U.S. stock markets.


The Company will hold an earnings conference call on May 12 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 callers outside the U.S., please dial 201-689-8037.


A replay of the conference call will be available shortly after completion of the live event. To listen to the replay, please dial 877-660-6853 and use conference identification number 13759884. For callers outside the U.S., please dial 201-612-7415 and use conference identification number 13759884. The replay will be available beginning approximately three hours after the completion of the live event and will remain available until May 19, 2026.


About Intellicheck

Intellicheck (Nasdaq: IDN), the industry leader in identity verification management, prevents the use of unauthorized IDs to stop identity-based fraud. Intellicheck is the only SaaS-based validation and proofing service that uses a unique and proprietary analysis of DMV-issued IDs to create trusted, real-time customer identity verification experiences across a wide variety of sectors, both in-person and digitally. Intellicheck is processing identity transactions for almost half the adult population in the United States and Canada annually with state-of-the-art technology solutions that are providing a seamless, invisible ID verification experience while delivering 99.975% decisioning in under a second when a customer is using our tools to capture the document. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, X, Facebook, and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260428700877/en/
Investor Relations: Gar Jackson (949) 873-2789/ gjackson@intellicheck.com

Media and Public Relations: Sharon Schultz (302) 539-3747/ sschultz@intellicheck.com


Original: Intellicheck To Announce First Quarter 2026 Financial Results on May 12, 2026

Intellicheck Announces Operating Profitability with Record Fourth Quarter and Full-Year 2025 Financial ResultsMarch 19, 2026 4:05 PM
Business Wire
Net Income Improved to $1,273,000 or $0.06 per diluted share


Adjusted EBITDA Improved to $2,566,000


Cash Balance Totaled $9,650,000 at Year End


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 fourth quarter and full-year ended December 31, 2025. Total revenue for the fourth quarter ended December 31, 2025 grew 12% to a record $6,635,000 compared to $5,936,000 in the same period of 2024. Fourth quarter SaaS revenue grew 12% and totaled $6,620,000 compared to $5,913,000 in the same period of 2024. Total revenue for the full year ended December 31, 2025 grew 13% to $22,666,000 compared to $19,997,000 in the same period of 2024. Full year SaaS revenue grew 13% and totaled $22,436,000 compared to $19,810,000 in the same period of 2024.


“We ended the year exceeding our goal to achieve two important milestones. We reached operating profitability for the first time in Intellicheck’s history with $1.3 Million net income for the year. Just as impressive was realizing our goal to be adjusted EBITDA positive finishing the year at $2.6 million – another record. We believe that we are now at the inflection point of profitability with our current run rates. As 2026 unfolds, the need for proven identity verification technology takes on a new urgency, and we believe it holds great promise for the growing adaptation of our technology,” said Intellicheck CEO Bryan Lewis.


Gross profit as a percentage of revenues improved to 91.4% for the three months ended December 31, 2025 compared to 91.1% in the same period in 2024.


Operating expenses for the three months ended December 31, 2025, which consist of selling, general and administrative expenses and research and development expenses decreased by 7% to $4,571,000 for the fourth quarter of 2025 compared to $4,928,000 for the same period of 2024. Included within operating expenses for the fourth quarters of 2025 and 2024 were $194,000 and $233,000, respectively, of non-cash equity compensation expense.


Net income for the three months ended December 31, 2025 improved significantly to $1,552,000 or $0.08 per diluted share compared to Net income of $488,000 or $0.03 per diluted share for the same period in 2024.


Adjusted EBITDA (earnings before interest and other income, provision for income taxes, sales tax accrual, depreciation, amortization, stock-based compensation expense and certain non-recurring charges) also improved significantly to $1,877,000 for the fourth quarter of 2025 as compared to $860,000 for the same period of 2024. A reconciliation of adjusted EBITDA to net loss is provided in this release.


Full Year 2025 Results

Total revenue for the full year ended December 31, 2025 increased 13% to $22,666,000 compared to $19,997,000 in the same period of 2024. Year-over-year SaaS revenue grew 13% and totaled $22,436,000 compared to $19,810,000 in the same period of 2024.


Gross profit as a percentage of revenue was 90.4% for the year ended December 31, 2025 compared to 90.8% in the same period of 2024.


Operating expenses for the year ended December 31, 2025 were $19,414,000 compared to $19,334,000 for the same period of 2024. Included within operating expenses for the full years of 2025 and 2024 were $777,000 and $876,000, respectively, of non-cash equity compensation expense.


Net income for the year ended December 31, 2025 improved to $1,273,000 or $0.06 per diluted share compared to a net loss of ($918,000) or ($0.05) per diluted share in the same period of 2024. Adjusted EBITDA (earnings before interest and other income, provision for income taxes, sales tax accrual, depreciation, amortization, stock-based compensation expense and certain non-recurring charges) improved to $2,566,000 for the year ended December 31, 2025 compared to $520,000 for the same period of 2024. A reconciliation of adjusted EBITDA to net income (loss) is provided in this release.


As of December 31, 2025, the Company had cash that totaled $9,650,000 and stockholders’ equity totaled $20,697,000.


The financial results reported today do not consider any adjustments that may be required in connection with the completion of the Company’s financial statement audit process and should be considered preliminary until Intellicheck files its Form 10-K for the fiscal year ended December 31, 2025.


Conference Call Information

The Company will hold an earnings conference call on March 19, 2026 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 callers outside the U.S., please dial 201-689-8037.


A replay of the conference call will be available shortly after completion of the live event. To listen to the replay, please dial 877-660-6853 and use conference identification number 13758082. For callers outside the U.S., please dial 201-612-7415 and use conference identification number 13758082. The replay will be available beginning approximately two hours after the completion of the live event and will remain available until March 26, 2026.






 



INTELLICHECK, INC.




 




UNAUDITED CONDENSED BALANCE SHEETS




DECEMBER 31, 2025 and 2024




(in thousands, except share and per share amounts)










 



 






 






2025






 






 






 






2024






 








 






(unaudited)






 






 








ASSETS






 






 






 








CURRENT ASSETS:






 






 






 








Cash and cash equivalents






$






9,650






 






 






$






4,666






 








Accounts receivable, net of allowance for credit losses of $157 and $157 as of December 31, 2025 and 2024, respectively






 






3,365






 






 






 






4,675






 








Other current assets






 






892






 






 






 






571






 








Total current assets






 






13,907






 






 






 






9,912






 








 






 






 






 








PROPERTY AND EQUIPMENT, NET






 






394






 






 






 






536






 








GOODWILL






 






8,102






 






 






 






8,102






 








INTANGIBLE ASSETS, NET






 






2,077






 






 






 






2,374






 








OTHER ASSETS






 






1






 






 






 






9






 








 






 






 






 








Total assets






$






24,481






 






 






$






20,933






 








 






 






 






 








LIABILITIES AND STOCKHOLDERS’ EQUITY






 






 






 








 






 






 






 








CURRENT LIABILITIES:






 






 






 








Accounts payable






$






226






 






 






$






443






 








Accrued expenses






 






1,897






 






 






 






1,742






 








Deferred revenue






 






1,661






 






 






 






1,001






 








Total current liabilities






 






3,784






 






 






 






3,186






 








 






 






 






 








Total liabilities






 






3,784






 






 






 






3,186






 








 






 






 






 








COMMITMENTS AND CONTINGENCIES






 






 






 








 






 






 






 








STOCKHOLDERS’ EQUITY:






 






 






 








Preferred stock – $0.01 par value; 30,000 shares authorized; Series A convertible preferred stock, zero shares issued and outstanding as of December 31, 2025 and 2024






 






—






 






 






 






—






 








Common stock – $0.001 par value; 40,000,000 shares authorized; 20,225,323 and 19,782,311 shares issued and outstanding as of December 31, 2025 and 2024, respectively






 






20






 






 






 






19






 








Additional paid-in capital






 






153,887






 






 






 






152,211






 








Accumulated deficit






 






(133,210






)






 






 






(134,483






)








Total stockholders’ equity






 






20,697






 






 






 






17,747






 








 






 






 






 








Total liabilities and stockholders’ equity






$






24,481






 






 






$






20,933






 














 




INTELLICHECK, INC.




 




UNAUDITED CONDENSED STATEMENTS OF OPERATIONS




FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024




(in thousands, except share and per share amounts)














 



 






 






2025






 






 






 






2024






 








 






(unaudited)






 






 








 






 








REVENUES






$






22,666






 






 






$






19,997






 








COST OF REVENUES






 






(2,166






)






 






 






(1,831






)








Gross profit






 






20,500






 






 






 






18,166






 








 






 






 






 








OPERATING EXPENSES






 






 






 








Selling, general and administrative






 






14,100






 






 






 






15,477






 








Research and development






 






5,314






 






 






 






3,857






 








Total operating expenses






 






19,414






 






 






 






19,334






 








 






 






 






 








Income (loss) from operations






 






1,086






 






 






 






(1,168






)








 






 






 






 








OTHER INCOME AND EXPENSE






 






 






 








Other income, net






 






245






 






 






 






283






 








Total other income, net






 






245






 






 






 






283






 








 






 






 






 








Net income (loss) before provision for income taxes






 






1,331






 






 






 






(885






)








Provision for income taxes






 






58






 






 






 






33






 








 






 






 






 








Net income (loss)






$






1,273






 






 






$






(918






)








 






 






 






 








PER SHARE INFORMATION:






 






 






 








Income (loss) per common share -






 






 






 








Basic






$






0.07






 






 






$






(0.05






)








Diluted






$






0.06






 






 






$






(0.05






)








 






 






 






 








Weighted average common shares used in computing per share amounts -






 






 






 








Basic






 






19,546,473






 






 






 






19,327,132






 








Diluted






 






20,151,749






 






 






 






19,327,132






 














 




INTELLICHECK, INC.




 




UNAUDITED CONDENSED STATEMENTS OF STOCKHOLDERS’ EQUITY




FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024




(in thousands, except number of shares)














 



 






Common Stock






 






Additional Paid-in




Capital






 






Accumulated




Deficit






 






Total Stockholders’




Equity








 






Shares






 






Amount






 






 






 








BALANCE, December 31, 2023






19,354,335






 






$






19






 






$






150,822






 






$






(133,565






)






 






$






17,276






 








 






 






 






 






 






 






 






 






 






 








Stock-based compensation






—






 






 






—






 






 






1,082






 






 






—






 






 






 






1,082






 








Stock option exercises, net of cashless exercises






179,875






 






 






—






 






 






307






 






 






—






 






 






 






307






 








Issuance of shares for vested restricted stock grants






248,101






 






 






—






 






 






—






 






 






—






 






 






 






—






 








Net loss






—






 






 






—






 






 






—






 






 






(918






)






 






 






(918






)








 






 






 






 






 






 






 






 






 






 








BALANCE, December 31, 2024






19,782,311






 






$






19






 






$






152,211






 






$






(134,483






)






 






$






17,747






 








 






 






 






 






 






 






 






 






 






 








Stock-based compensation






—






 






 






—






 






 






779






 






 






—






 






 






 






779






 








Stock option exercises, net of cashless exercises






360,173






 






 






1






 






 






897






 






 






—






 






 






 






898






 








Issuance of shares for vested restricted stock grants






82,839






 






 






—






 






 






—






 






 






—






 






 






 






—






 








Net income






—






 






 






—






 






 






—






 






 






1,273






 






 






 






1,273






 








 






 






 






 






 






 






 






 






 






 








BALANCE, December 31, 2025 (unaudited)






20,225,323






 






$






20






 






$






153,887






 






$






(133,210






)






 






$






20,697






 






















 




INTELLICHECK, INC.




 




UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS




FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024










 



 






 






2025






 






 






 






2024






 








 






(In thousands)








 






(unaudited)






 






 








CASH FLOWS FROM OPERATING ACTIVITIES:






 






 






 








Net income (loss)






$






1,273






 






 






$






(918






)








Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:






 






 






 








Depreciation and amortization






 






703






 






 






 






436






 








Stock-based compensation






 






777






 






 






 






876






 








Credit loss expense






 






145






 






 






 






248






 








Changes in assets and liabilities:






 






 






 








Decrease (increase) in accounts receivable






 






1,165






 






 






 






(219






)








(Increase) decrease in other current assets






 






(130






)






 






 






121






 








Decrease in other assets






 






8






 






 






 






82






 








(Decrease) in accounts payable and accrued expenses






 






(61






)






 






 






(1,946






)








Increase (decrease) in deferred revenue






 






661






 






 






 






(1,209






)








(Decrease) in liability for shares surrendered






 






—






 






 






 






(190






)








Increase in other current liabilities






 






—






 






 






 






25






 








Net cash provided by (used in) operating activities






 






4,541






 






 






 






(2,694






)








 






 






 






 








CASH FLOWS FROM INVESTING ACTIVITIES:






 






 






 








Purchase of property and equipment






 






(52






)






 






 






(57






)








Proceeds from maturity of short-term investments






 






—






 






 






 






5,000






 








Software development costs






 






(213






)






 






 






(2,048






)








Net cash (used in) provided by investing activities






 






(265






)






 






 






2,895






 








 






 






 






 








CASH FLOWS FROM FINANCING ACTIVITIES:






 






 






 








Proceeds from exercises of stock options






 






898






 






 






 






307






 








Proceeds from financing arrangement






 






—






 






 






 






320






 








Repayment of financing arrangement






 






(190






)






 






 






(142






)








Net cash provided by financing activities






 






708






 






 






 






485






 








 






 






 






 








Net increase in cash






 






4,984






 






 






 






686






 








 






 






 






 








CASH AND CASH EQUIVALENTS, beginning of year






 






4,666






 






 






 






3,980






 








 






 






 






 








CASH AND CASH EQUIVALENTS, end of year






$






9,650






 






 






$






4,666






 








 






 






 






 








Supplemental disclosures of cash flow information:






 






 






 








Cash paid for interest






$






4






 






 






$






9






 








Cash paid for income taxes






$






33






 






 






$






—






 














 


Adjusted EBITDA


We use Adjusted EBITDA as a non-GAAP financial performance measurement. Adjusted EBITDA is calculated by adjusting net income (loss) for certain reductions such as restructuring severance expenses, interest and other income, provisions for income taxes, depreciation, amortization and stock-based compensation expense. Adjusted EBITDA is provided to investors to supplement the results of operations reported in accordance with GAAP. Management believes that Adjusted EBITDA provides an additional tool for investors to use in comparing our financial results with other companies that also use Adjusted EBITDA in their communications to investors. By excluding non-cash charges such as amortization, depreciation and stock-based compensation, as well as non-operating charges for interest and provisions for income taxes, investors can evaluate our operations and can compare the results on a more consistent basis to the results of other companies. In addition, Adjusted EBITDA is one of the primary measures that management uses to monitor and evaluate financial and operating results.


We consider Adjusted EBITDA to be an important indicator of our operational strength and performance of our business and a useful measure of our historical operating trends. However, there are significant limitations to the use of Adjusted EBITDA since it excludes restructuring severance expenses, interest and other income, provisions for income taxes, stock-based compensation expense, all of which impact our profitability, as well as depreciation and amortization related to the use of long-term assets which benefit multiple periods. We believe that these limitations are compensated by providing Adjusted EBITDA only with GAAP net income (loss) and clearly identifying the difference between the two measures. Consequently, Adjusted EBITDA should not be considered in isolation or as a substitute for net income (loss) presented in accordance with GAAP. Adjusted EBITDA as defined by us may not be comparable with similarly named measures provided by other companies.




 






(unaudited)








 






Year Ended December 31,








 






 






2025






 






 






 






2024






 








 






 






 






 








Net income (loss)






$






1,273






 






 






$






(918






)








Reconciling items:






 






 






 








Restructuring severance expenses






 






—






 






 






 






376






 








Provision for income taxes






 






58






 






 






 






33






 








Other income, net






 






(245






)






 






 






(283






)








Depreciation and amortization






 






703






 






 






 






436






 








Stock-based compensation






 






777






 






 






 






876






 








 






 






 






 








Adjusted EBITDA






$






2,566






 






 






$






520






 







Adjusted Gross Profit


We use Adjusted Gross Profit as a non-GAAP financial performance measurement. Adjusted Gross Profit is calculated by adjusting gross profit for the reduction of amortization expense. Adjusted Gross Profit is provided to investors to supplement the results of operations reported in accordance with GAAP. We believe Adjusted Gross Profit is important because it focuses on the current operating performance, as amortization expense does not accurately reflect the current costs required to maintain the operational usage of our service. Rather, amortization expense reflects the allocation of historical software development costs over their estimated useful lives.


As an indicator of our operating performance, Adjusted Gross Profit should not be considered an alternative to, or more meaningful than, gross profit as determined in accordance with GAAP. Our Adjusted Gross Profit may not be comparable to a similarly titled measure of another company because other entities may not calculate Adjusted Gross Profit in the same manner.




 






(unaudited)








 






Year Ended December 31,








 






 






2025






 






 






 






2024






 








 






 






 






 








Revenues






$






22,666






 






 






$






19,997






 








Cost of revenues, exclusive of amortization






 






1,667






 






 






 






1,650






 








Amortization allocable to cost of revenues






 






499






 






 






 






181






 








Gross profit






 






20,500






 






 






 






18,166






 








Add:






 






 






 








Amortization allocable to cost of revenues






 






499






 






 






 






181






 








Adjusted gross profit






 






20,999






 






 






 






18,347






 








 






 






 






 








Gross profit as a percentage of revenues






 






90.4






%






 






 






90.8






%








Adjusted gross profit as a percentage of revenues






 






92.6






%






 






 






91.7






%







About Intellicheck

Intellicheck (Nasdaq: IDN), the industry leader in identity verification management, prevents the use of unauthorized IDs to stop identity-based fraud. Intellicheck is the only SaaS-based validation and proofing service that uses a unique and proprietary analysis of DMV-issued IDs to create trusted, real-time customer identity verification experiences across a wide variety of sectors, both in-person and digitally. Intellicheck is processing identity transactions for almost half the adult population in the United States and Canada annually with state-of-the-art technology solutions that are providing a seamless, invisible ID verification experience while delivering 99.975% decisioning in under a second when a customer is using our tools to capture the document. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, X, Facebook, and YouTube.


Safe Harbor Statement

Statements in this news release about Intellicheck’s future expectations, including: the advantages of our products, future demand for Intellicheck’s existing and future products, whether revenue and other financial metrics will improve in future periods, whether Intellicheck will be able to execute its turn-around plan or whether successful execution of the plan will result in increased revenues, whether sales of our products will continue at historic levels or increase, whether brand value and market awareness will grow, whether the Company can leverage existing partnerships or enter into new ones, whether there will be any impact on sales and revenues due to an epidemic, pandemic or other public health issue and all other statements in this release, other than historical facts, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA). These statements, which express management’s current views concerning future events, trends, contingencies or results, appear at various places in this release and use words like “anticipate,” “assume,” “believe,” “continue,” “estimate,” “expect,” “forecast,” “future,” “intend,” “plan,” “potential,” “predict,” “project,” “sense”, “strategy,” “target” and similar terms, and future or conditional tense verbs like “could,” “may,” “might,” “should,” “will” and “would” are forward-looking statements within the meaning of the PSLRA. This statement is included for the express purpose of availing Intellicheck, Inc. of the protections of the safe harbor provisions of the PSLRA. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as: market acceptance of our SaaS product offerings and continued growth in the commercial adoption of our products and services; our ability to successfully transition pilot programs into formal commercial scale programs; changing levels of demand for our current and future products; our ability to reduce or maintain expenses while increasing sales; our ability to successfully expand the sales of our products and services into new areas including health care and auto dealerships; the effect of ongoing tensions and war in the Middle East and its effects on economic activity; customer results achieved using our products in both the short and long term; success of future research and development activities; the impact of inflation on our business and customer’s businesses and any effect this has on economic activity with our customer’s businesses; our ability to successfully market and sell our products, any delays or difficulties in our supply chain coupled with the typically long sales and implementation cycle for our products; our ability to enforce our intellectual property rights; changes in laws and regulations applicable to our products; our continued ability to access government-provided data; the risks inherent in doing business with the government including audits and contract cancellations; liability resulting from any security breaches or product failure, together with other risks detailed from time to time in our reports filed with the SEC. We do not assume any obligation to update the forward-looking information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260319727636/en/
Investor Relations: Gar Jackson (949) 873-2789 / gjackson@intellicheck.com

Media and Public Relations: Sharon Schultz (302) 539-3747 / sschultz@intellicheck.com


Original: Intellicheck Announces Operating Profitability with Record Fourth Quarter and Full-Year 2025 Financial Results