Picture of Intellicheck logo

IDN Intellicheck News Story

0.000.00%
us flag iconLast trade - 00:00
TechnologyAdventurousSmall CapHigh Flyer

Intellicheck Q1 revenue misses analyst estimates

Overview

U.S. identity verification firm's Q1 revenue rose 13% but missed analyst expectations

Net income improved to $636,000 from a loss a year earlier

Record adjusted EBITDA reached $935,000 for the quarter

Outlook

Company did not provide specific guidance for future quarters or the full year in the press release

Result Drivers

SAAS REVENUE GROWTH - Co said Q1 revenue growth was driven by a 13% increase in SaaS revenue

OPERATING EXPENSE REDUCTION - Co said operating expenses fell 5.4% from a year earlier, supporting improved profitability

GROSS MARGIN IMPROVEMENT - Gross profit margin rose to 91.0% from 89.7% a year earlier

Company press release: ID:nBw9s9cXMa

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueMiss$5.5 mln$5.68 mln (3 Analysts)
Q1 Net Income$636,000
Q1 Gross Profit$5 mln
Q1 Income From Operations$542,000
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the software peer group is "buy" Wall Street's median 12-month price target for Intellicheck Inc is $7.50, about 2% above its May 11 closing price of $7.35 The stock recently traded at 49 times the next 12-month earnings vs. a P/E of 114 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Intellicheck

See all news