Intellicheck Inc (NAS:IDN)
$ 2.58 -0.11 (-4.09%) Market Cap: 50.99 Mil Enterprise Value: 45.24 Mil PE Ratio: 0 PB Ratio: 3.01 GF Score: 75/100
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Q3 2024 Intellicheck Inc Earnings Call Transcript

Nov 13, 2024 / 09:30 PM GMT
Release Date Price: $2.7 (-0.37%)

Key Points

Positve
  • Intellicheck Inc (IDN) reported strong gross margins of 91%, consistent with last year's results.
  • The company saw a 25% year-over-year and 8% sequential increase in new business price per transaction, indicating strong pricing power.
  • Intellicheck Inc (IDN) expanded its presence in Canada with a new online bank integration, signaling growth in international markets.
  • The company is diversifying its revenue streams by entering new verticals such as real estate, social media, and employment verification.
  • Intellicheck Inc (IDN) is making significant progress in its banking vertical, with new multi-year agreements expected to generate substantial revenue.
Negative
  • Total revenue for the third quarter decreased by 1% compared to the same period last year.
  • The company reported a net loss of $837,000 for the third quarter, slightly higher than the previous year's loss.
  • Retail bankruptcies and consumer spending pullbacks have negatively impacted part of Intellicheck Inc (IDN)'s business.
  • There has been a delay in the rollout of a significant social media platform partnership, although it is expected to launch early next year.
  • The company is still in the process of transitioning from Azure to AWS, which has involved significant R&D expenses.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IDN.OQ - Intellicheck Inc
Q3 2024 Intellicheck Inc Earnings Call
Nov 13, 2024 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thanks and welcome to the Intellicheck Q3 2024 earnings call at this time. All participants are in a listen-only mode, a brief question and answer session will follow the formal presentation. Should anyone require operator assistance during the conference? Please press star zero on your telephone keypad as a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Gar Jackson Investor Relations. Thank you. You may begin.

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Unidentified_2 [2]
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Thank you, operator. Good afternoon and thank you for joining us today for the
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