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Investing.com - Northland upgraded Intellicheck Inc. (NASDAQ:IDN) from Market Perform to Outperform on Thursday, setting a price target of $7.00 following the company’s better-than-expected quarterly results. The stock is currently trading at $6.50, near its 52-week high of $6.49, after posting an impressive 60% return year-to-date.
Intellicheck reported revenue of $6.01 million, representing a 28% year-over-year increase, while adjusted EBITDA reached $0.6 million, improving from a loss of $0.2 million in the same period last year. The company posted earnings per share of $0.01. InvestingPro data shows Intellicheck maintains impressive gross profit margins of 90.43%.
The results exceeded Northland’s estimates of $5.4 million in revenue, $0.1 million in adjusted EBITDA, and a loss of $0.01 per share.
SaaS revenue grew 26% year-over-year to $6.01 million despite a 5% decline in the Retail vertical, which now represents approximately 30% of the company’s business.
Northland noted that Intellicheck’s diversification strategy "is continuing to bear fruit" as the company reduces its reliance on the retail sector.
In other recent news, Intellicheck reported strong financial results for the third quarter of 2025, with revenue reaching $6.01 million, surpassing the forecasted $5.25 million. The company also reported earnings per share (EPS) of $0.01, which was a notable improvement over the anticipated loss of $0.02 per share. The company’s SaaS revenue growth accelerated to 26% year-over-year, compared to 10% in the previous quarter. Following these results, DA Davidson raised its price target for Intellicheck to $7.50 from $6.50, maintaining a Buy rating. The positive earnings report and subsequent analyst upgrade reflect confidence in the company’s recent performance. These developments indicate a favorable outlook for Intellicheck, with DA Davidson’s analysis supporting this perspective. The company’s shares saw a 14% increase in after-hours trading, highlighting investor optimism. These recent developments underscore Intellicheck’s strong position in the market.
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