Intellicheck Q3 SaaS revenue up 22% to $3.97M; adjusted EBITDA positive $75k

Intellicheck, Inc.

2022-Q3 EPS reported -$0.17 revenue$11,415,000

Record SaaS revenue of $3.97M (+22% YoY); total revenue $4.01M down 17% on prior-year hardware sale.
Net loss narrowed to ($0.04)/share from ($0.06); adjusted EBITDA positive at $75k versus ($272k).
Gross margin improved to 91% from 69% due to shift to higher-margin SaaS revenue.
Cash $11.8M; stockholders' equity $18.3M; no debt besides operating leases.
CEO Bryan Lewis cites expanded digital applications and growing customer base as growth drivers.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Intellicheck, Inc. reported financial results for the third quarter ended September 30, 2022.

Period: the third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On November 14, 2022, Intellicheck, Inc. (the “Company”) issued a press release containing its results of operations for the third quarter ended September 30, 2022.

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Intellicheck, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-029862

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