secwatch.observer — SEC 8-K summary
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Issuer:     Intellicheck, Inc. (IDN)
CIK:        0001040896
Form:       8-K
Filed at:   2022-08-12T23:59:59+00:00
Accession:  0001493152-22-022408
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intellicheck Q2 2022: SaaS revenue up 21% but net loss widens to $1.1M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040896/000149315222022408/0001493152-22-022408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040896/000149315222022408/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-022408

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer