Caesars Entertainment misses Q2 earnings expectations, shares edge lower
NEW YORK - Intellicheck, Inc. (NASDAQ:IDN) reported better-than-expected fourth quarter results, with earnings and revenue surpassing analyst estimates, driving shares up 3.1% in after-hours trading.
The identity validation solutions provider posted adjusted earnings per share of $0.03 for the fourth quarter, beating the analyst consensus of $0.00. Revenue for the quarter came in at $5.94 million, exceeding the $5.2 million estimate and marking a 15% increase YoY.
SaaS revenue, a key metric for the company, grew 17% to $5.91 million compared to $5.07 million in the same period last year. Gross profit margin for the quarter was 91.1%, down from 94.9% in Q4 2023.
Intellicheck CEO Bryan Lewis (JO:LEWJ) commented on the results, stating, "Our strategic decision to move into new market verticals has been key in allowing us to offset the headwinds we continue to see given the ongoing and growing issues of retail contraction, consumer economic concerns, reduced spending, and market turmoil."
For the full year 2024, Intellicheck reported total revenue of $20 million, up 6% from $18.9 million in 2023. The company’s net loss for the year improved to $918,000, or $0.05 per share, compared to a loss of $1.98 million, or $0.10 per share, in the previous year.
As of December 31, 2024, Intellicheck had $4.7 million in cash and total stockholders’ equity of $17.7 million.
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