other material
confidence high
sentiment positive
materiality 0.60
Top five US bank accelerates $1.3M hardware order to Q3 2021; Intellicheck expands passport verification
Intellicheck, Inc.
- $1.3M hardware sale fully delivered in Q3 instead of split across Q3/Q4.
- Hardware gross margin ~20% vs SaaS margin of 93.3%.
- Bank to add passport authentication alongside driver license verification.
- CEO states verification process is 99% accurate and used by law enforcement.
- Bank is a top five globally recognized institution deploying in branches.