Intellicheck, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:07 pm EST
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Intellicheck, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 4.76 million compared to USD 4.01 million a year ago. Net loss was USD 0.644 million compared to USD 0.724 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.04 a year ago.
For the nine months, sales was USD 13.73 million compared to USD 11.42 million a year ago. Net loss was USD 2.74 million compared to USD 3.29 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 0.17 a year ago.
Intellicheck, Inc. is a technology company that delivers on-demand digital identity validation solutions for KYC, fraud, and age verification needs. The Company validates both digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce, and retail commerce businesses, law enforcement and government agencies across North America. Its software solutions can be used through a mobile device, a browser, or a retail point-of-sale scanner. The Companyâs primary businesses include Identity Systems products, which include commercial applications of identity card reading authentication. Its products and services include state aware software, data collection devices, instant credit application kiosk software applications and upgrade capability. Its software products are designed for use with multiple data collection devices, which are available in various compact forms and may contain either one or both of 2-D bar code and magnetic stripe readers.