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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$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.)