Intellicheck Q1 revenue up 25% to record $4.25M; SaaS +26%; net loss narrows to $1.32M

Intellicheck, Inc.

2023-Q1 EPS reported -$0.07 revenue$4,254,000

Total revenue $4.254M vs $3.395M YoY (+25%); SaaS revenue $4.228M vs $3.353M (+26%).
Net loss improved to ($1.316M) or ($0.07) per diluted share from ($1.468M) or ($0.08) YoY.
Adjusted EBITDA loss narrowed to ($0.558M) from ($0.807M) YoY; gross margin expanded to 92.2% from 90.7%.
Cash and short-term investments $10.2M; stockholders' equity $17.8M as of March 31, 2023.
Operating expenses rose 15% to $5.232M, including $0.682M in non-cash stock compensation.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Intellicheck, Inc. reported the first quarter ended March 31, 2023 results: revenue $4,254,000, net income ($1,316,000) or ($0.07) per diluted share, EPS ($0.07) per diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $4,254,000
Net income: ($1,316,000) or ($0.07) per diluted share
EPS: ($0.07) per diluted share
Result: reported results

Exact text from the filing

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, 2023. Total revenue for the first quarter ended March 31, 2023 grew 25% to $4,254,000 compared to $3,395,000 in the same period of 2022.

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Intellicheck, Inc. filing history →

Source: SEC EDGAR

accession 0001040896-23-000031

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