earnings
confidence high
sentiment negative
materiality 0.60
Intellicheck Q2 2022: SaaS revenue up 21% but net loss widens to $1.1M
Intellicheck, Inc.
2022-Q2 EPS reported
-$0.14
revenue$7,403,000
- Total revenue $4.008M, down 16% YoY on negligible hardware sales; SaaS revenue record $3.928M (+21%).
- Net loss $1.098M ($0.06/diluted share) vs $836K loss ($0.04) in Q2 2021; operating expenses rose to $4.742M.
- Adjusted EBITDA loss of $583K vs $47K loss a year ago, driven by higher personnel, professional fees and marketing.
- Cash $12.0M at June 30, 2022; stockholders' equity $18.4M.
- Gross margin improved to 91% (93% ex-equipment) due to revenue mix shift toward SaaS.