Intellicheck Q2 revenue up 16% to $5.9M, net income $0.7M; warns customer ~29% of revenue shifting to multi-source

Intellicheck, Inc.

Revenue $5.9M, +16% YoY, Q2 record; SaaS substantially all revenue.
Net income $0.7M vs loss $0.3M; adjusted EBITDA $1.1M vs $0.1M, fifth consecutive positive quarter.
Gross margin 91%, cash $11.8M, no debt; operating expenses flat at $4.9M.
Customer representing ~29% of H1 2026 revenue shifting to multi-source vendor, testing alternative; expects negative impact on transactions, main phase started late July.
Excluding that customer, remaining base grew ~19% in H1; company expects positive adjusted EBITDA in H2 and profitable full year.

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