Intellicheck Mobilisia ( (IDN) ) has released its Q4 earnings. Here is a breakdown of the information Intellicheck Mobilisia presented to its investors.
Intellicheck, Inc. is a leading identity company that provides digital and physical identity validation solutions, primarily serving the fraud prevention and identity management sectors. The company recently announced its financial results for the fourth quarter and full-year 2024, highlighting a record performance in SaaS revenue growth.
In the fourth quarter of 2024, Intellicheck reported a total revenue increase of 15% compared to the same period in 2023, reaching $5.936 million. SaaS revenue for the quarter grew by 17%, contributing significantly to this record performance. For the full year, total revenue increased by 6%, with SaaS revenue showing a 7% growth year-over-year.
Despite the revenue growth, Intellicheck’s net income for the fourth quarter decreased to $488,000 from $984,000 in the previous year, while the adjusted EBITDA was $860,000, down from $1.17 million. The company’s gross profit margin also saw a slight decline, and operating expenses increased, reflecting strategic investments in new market verticals.
Looking ahead, Intellicheck’s management remains optimistic about 2025, focusing on expanding its customer base and strengthening partnerships. The company aims to navigate market challenges by leveraging its strategic moves into new verticals and enhancing its presence in existing markets.
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