Intellicheck Q1 revenue grows 19% to $3.4M; net loss narrows to ($0.08) per share

Intellicheck, Inc.

Total revenue $3.395M (+19% YoY); SaaS revenue $3.353M (+21% YoY).
Net loss ($1.468M) or ($0.08)/diluted share, improved from ($4.624M) or ($0.25) YoY.
Adjusted EBITDA worsened to ($806K) from ($51K) YoY; operating expenses down due to lower equity comp.
Cash $11.1M, stockholders' equity $18.9M as of March 31, 2022.
Gross profit margin 90.7% vs 92.3% YoY; decline due to higher cloud services costs.

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