Financial Data and Key Metrics Changes - Total revenue for Q2 2025 increased to $5.1 million from $4.7 million in the prior year, representing a 10% growth [5][26] - Adjusted EBITDA improved by $145,000 year-over-year, reaching $75,000 for the quarter [5][26] - Cash at the end of the quarter was $8.6 million, an increase of $3.5 million from $5.1 million at the end of Q1 [5][29] - Gross profit margin was 89.8% for the quarter, down from 90.5% in the previous year, while adjusted gross margin improved to 92.2% from 91% [27][28] Business Line Data and Key Metrics Changes - SaaS revenue for Q2 2025 was up 10% to $5.08 million, accounting for over 99% of total revenue [27] - Retail revenue decreased by 20% year-over-year, contributing approximately 25% to total revenue, while banking and lending contributed about 38% [20][44] - Pricing power was evident with average price per scan and new business price per scan increasing by 25% and 36% respectively [10] Market Data and Key Metrics Changes - Banking sector showed a 12% increase quarter-over-quarter and an 85% increase year-over-year, offsetting the decline in retail [42] - Retail scan volumes were down 2% quarter-over-quarter and down 20% year-over-year [42][44] - Interest from banking and finance users increased by 79% on Google Analytics over Q1, indicating growing market interest [18] Company Strategy and Development Direction - The company is focusing on expanding relationships with major clients and entering new verticals such as title insurance and automotive [8][10] - A new channel manager has been appointed to enhance coverage in strategic verticals and drive revenue through existing partners [14][15] - The company is committed to modernizing its technology stack, having migrated approximately 95% of clients to the AWS platform, expecting annual savings of over $300,000 [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the banking sector's growth and the potential for retail to recover with anticipated interest rate cuts [42][59] - The company is addressing integration issues with a major social media client, emphasizing the importance of resolving these to unlock significant revenue potential [36][67] - Management highlighted the successful signing of multiyear renewal agreements with the four largest clients, indicating strong validation of the company's technology [71] Other Important Information - The company plans to participate in several upcoming conferences to raise visibility among investors and prospects [23][24] - A shelf registration filing is anticipated, allowing the company to sell shares efficiently if needed [30][31] Q&A Session Summary Question: Update on the Southeastern Regional Bank deal - The company started invoicing for the bank branches in July, and revenue from this deal is expected to be present for all of Q3 [35] Question: Timeline for resolution of social media client integration issues - The company is actively working with the client's engineering team to resolve issues, but no specific timeline for resolution was provided [36][40] Question: Retail scan volumes in the quarter - Retail was down 2% quarter-over-quarter and down 20% year-over-year, but banking growth has more than offset this decline [42] Question: Correlation of SaaS and total revenue with retail revenue - Retail revenue was down 20% year-over-year, contributing approximately 25% to total revenue [44] Question: Update on the sales pipeline and performance under new leadership - The sales pipeline is robust, with significant improvements in lead generation and marketing effectiveness noted [51]

[PART I – FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Item 1. Unaudited Condensed Financial Statements](index=3&type=section&id=Item%201.%20Unaudited%20Condensed%20Financial%20Statements) This section presents the unaudited condensed financial statements for the three and six months ended June 30, 2025, and 2024, covering balance sheets, operations, equity, and cash flows [Condensed Balance Sheets](index=3&type=section&id=Condensed%20Balance%20Sheets) Total assets increased to **$23,066 thousand** by June 30, 2025, from **$20,933 thousand** at year-end 2024, driven by higher cash and deferred revenue, with stockholders' equity reaching **$18,005 thousand** Condensed Balance Sheets (in thousands) | | June 30, 2025 (Unaudited) | December 31, 2024 | | :--- | :--- | :--- | | **ASSETS** | | | | Cash and cash equivalents | $8,573 | $4,666 | | Accounts receivable, net | $2,676 | $4,675 | | Total current assets | $12,143 | $9,912 | | Total assets | $23,066 | $20,933 | | **LIABILITIES AND STOCKHOLDERS' EQUITY** | | | | Deferred revenue | $3,038 | $1,001 | | Total current liabilities | $5,061 | $3,186 | | Total liabilities | $5,061 | $3,186 | | Total stockholders' equity | $18,005 | $17,747 | | Total liabilities and stockholders' equity | $23,066 | $20,933 | [Unaudited Condensed Statements of Operations](index=4&type=section&id=Unaudited%20Condensed%20Statements%20of%20Operations) Q2 2025 revenues grew 9.6% year-over-year to **$5,123 thousand**, but increased operating expenses led to a wider net loss of **$251 thousand**, while H1 net loss remained flat at **$569 thousand** Condensed Statements of Operations (in thousands) | | Three months ended June 30, | Six months ended June 30, | | :--- | :--- | :--- | :--- | :--- | | | **2025** | **2024** | **2025** | **2024** | | **REVENUES** | $5,123 | $4,672 | $10,017 | $9,352 | | Gross profit | $4,600 | $4,228 | $8,992 | $8,473 | | Total operating expenses | $4,898 | $4,443 | $9,638 | $9,197 | | Loss from operations | $(298) | $(215) | $(646) | $(724) | | **Net loss** | $(251) | $(127) | $(569) | $(569) | | **Loss per common share - Basic/Diluted** | $(0.01) | $(0.01) | $(0.03) | $(0.03) | [Unaudited Condensed Statements of Stockholders' Equity](index=5&type=section&id=Unaudited%20Condensed%20Statements%20of%20Stockholders'%20Equity) Total stockholders' equity increased from **$17,747 thousand** at the end of 2024 to **$18,005 thousand** as of June 30, 2025, driven by stock-based compensation and option exercises, partially offset by net loss - For the six months ended June 30, 2025, stockholders' equity increased by **$258 thousand**, from **$17,747 thousand** to **$18,005 thousand**. This change was influenced by **$381 thousand** in stock-based compensation and **$446 thousand** from stock option exercises, offset by a net loss of **$569 thousand**[15](index=15&type=chunk) [Unaudited Condensed Statements of Cash Flows](index=7&type=section&id=Unaudited%20Condensed%20Statements%20of%20Cash%20Flows) Operating cash flow significantly improved to **$3,884 thousand** for H1 2025, from **$312 thousand** used in H1 2024, increasing cash and cash equivalents to **$8,573 thousand** Condensed Statements of Cash Flows (in thousands) | | Six months ended June 30, | | :--- | :--- | :--- | | | **2025** | **2024** | | Net cash provided by (used in) operating activities | $3,884 | $(312) | | Net cash (used in) provided by investing activities | $(232) | $3,592 | | Net cash provided by financing activities | $255 | $— | | **Net increase in cash** | **$3,907** | **$3,280** | | **CASH, end of period** | **$8,573** | **$7,260** | [Notes to Unaudited Condensed Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Financial%20Statements) Notes detail the company's identity verification business, confirm 12-month liquidity, outline key accounting policies, and highlight SaaS revenue dominance and customer concentration - The company develops, integrates, and markets identity verification solutions for fraud prevention in commercial retail and banking[21](index=21&type=chunk) - Management expects existing cash and future revenues to satisfy working capital requirements for at least the **next 12 months** from the filing date[22](index=22&type=chunk) Disaggregation of Revenue (in thousands) | | Three Months Ended June 30, | Six Months Ended June 30, | | :--- | :--- | :--- | :--- | :--- | | | **2025** | **2024** | **2025** | **2024** | | **SaaS** | $5,080 | $4,627 | $9,948 | $9,236 | | Equipment | $— | $40 | $6 | $95 | | Other | $43 | $5 | $63 | $21 | | **Total** | **$5,123** | **$4,672** | **$10,017** | **$9,352** | - For the six months ended June 30, 2025, **three customers** accounted for approximately **58% of total revenues** (**31%**, **18%**, and **9%**, respectively)[65](index=65&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Q2 2025 revenue grew 10% to **$5,123 thousand**, but increased operating expenses led to a wider net loss of **$251 thousand**, while H1 net loss remained flat and liquidity improved significantly with cash from operations at **$3,884 thousand** - **Q2 2025 vs Q2 2024 Performance:** - Revenues increased by **10%** (**$451 thousand**) to **$5,123 thousand**, primarily from higher SaaS revenue - Gross profit rose by **9%** (**$372 thousand**), with the gross margin slightly decreasing from **91%** to **90%** - Operating expenses increased by **10%** (**$455 thousand**), mainly due to less capitalization of R&D costs - Net loss widened to **$(251) thousand** from **$(127) thousand**[110](index=110&type=chunk)[111](index=111&type=chunk)[112](index=112&type=chunk) - **Six Months 2025 vs Six Months 2024 Performance:** - Revenues increased by **7%** (**$665 thousand**) to **$10,017 thousand**, driven by higher SaaS transaction volumes - Gross profit grew by **6%** (**$519 thousand**), with the gross margin slightly decreasing from **91%** to **90%** - Net loss remained unchanged at **$(569) thousand**[115](index=115&type=chunk)[116](index=116&type=chunk)[118](index=118&type=chunk) - As of June 30, 2025, the company had cash and cash equivalents of **$8,573 thousand** and working capital of **$7,082 thousand**. Cash from operations for the first six months of 2025 was **$3,884 thousand**, a significant improvement from a **$312 thousand** use of cash in the prior-year period[119](index=119&type=chunk)[120](index=120&type=chunk) Reconciliation of GAAP Net Loss to Non-GAAP Adjusted EBITDA (in thousands) | | Three Months Ended June 30 | Six Months Ended June 30 | | :--- | :--- | :--- | :--- | :--- | | | **2025** | **2024** | **2025** | **2024** | | **Net loss** | **$(251)** | **$(127)** | **$(569)** | **$(569)** | | Reconciling items | $420 | $145 | $627 | $395 | | **Adjusted EBITDA** | **$75** | **$(70)** | **$58** | **$(174)** | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=29&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This disclosure is not applicable as the company qualifies as a smaller reporting company - Disclosure is **not applicable** to smaller reporting companies[134](index=134&type=chunk) [Item 4. Controls and Procedures](index=29&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting - Based on an evaluation as of June 30, 2025, management, including the CEO and CFO, concluded that the company's internal control over financial reporting was **effective**[135](index=135&type=chunk) - No changes occurred during the quarter ended June 30, 2025, that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[137](index=137&type=chunk) [Part II – OTHER INFORMATION](index=29&type=section&id=Part%20II%20%E2%80%93%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=30&type=section&id=Item%201.%20Legal%20Proceedings) The company is not involved in material legal proceedings, and management expects no adverse financial impact from pending or threatened matters - The company is not currently involved in any **material legal proceedings**, and management does not expect pending matters to have a **material adverse effect**[139](index=139&type=chunk) [Item 1A. Risk Factors](index=30&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the company's 2024 Annual Report on Form 10-K - There have been **no material changes** to the risk factors described in the company's 2024 Annual Report on Form 10-K[141](index=141&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=30&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities or use of proceeds were reported during the period - **None reported** for the period[142](index=142&type=chunk) [Item 3. Defaults Upon Senior Securities](index=30&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported - **None reported**[142](index=142&type=chunk) [Item 4. Mine Safety Disclosures](index=30&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - **Not applicable**[142](index=142&type=chunk) [Item 5. Other Information](index=30&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted, modified, or terminated Rule 10b5-1 trading arrangements during Q2 2025 - During the three months ended June 30, 2025, **no directors or officers** informed the company of the adoption, modification, or termination of a Rule 10b5-1 trading arrangement[143](index=143&type=chunk) [Item 6. Exhibits](index=31&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files - The exhibits filed with this report include CEO and CFO certifications and XBRL interactive data files[144](index=144&type=chunk) [Signatures](index=32&type=section&id=Signatures) The report was signed and authorized on August 12, 2025, by the President and CEO, Bryan Lewis, and the CFO, Adam Sragovicz - The report was signed on **August 12, 2025**, by Bryan Lewis (President and CEO) and Adam Sragovicz (CFO)[148](index=148&type=chunk)[149](index=149&type=chunk)

[Financial Highlights & Management Commentary](index=1&type=section&id=1.%20Financial%20Highlights%20%26%20Management%20Commentary) This section presents Intellicheck's record second-quarter 2025 financial performance, management's strategic insights, and a snapshot of the company's financial position [Second Quarter 2025 Financial Highlights](index=1&type=section&id=1.1.%20Second%20Quarter%202025%20Financial%20Highlights) Intellicheck reported record second-quarter 2025 financial results, with total revenue growing 10% year-over-year and SaaS revenue also increasing by 10%. The company achieved positive Adjusted EBITDA for the quarter, marking a significant improvement from the prior year, despite an increase in operating expenses and a higher net loss Q2 2025 Key Financial Performance (vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | Change (YoY) | | :-------------------------- | :---------- | :---------- | :----------- | | Total Revenue | $5,123,000 | $4,672,000 | +10% | | SaaS Revenue | $5,080,000 | $4,627,000 | +10% | | Gross Profit % | 90% | 91% | -1 ppts | | Operating Expenses | $4,898,000 | $4,443,000 | +10% | | Net Loss | ($251,000) | ($127,000) | -97.6% | | Diluted EPS | ($0.01) | ($0.01) | 0% | | Adjusted EBITDA | $75,000 | ($70,000) | +$145,000 | [Management Commentary & Strategic Focus](index=1&type=section&id=1.2.%20Management%20Commentary%26%20Strategic%20Focus) CEO Bryan Lewis highlighted the company's success in expanding its market presence and securing multiple multiyear agreements with prominent financial services clients, underscoring the value of its identity verification technology in fraud prevention and customer onboarding - Achieved another record quarter by successfully expanding presence in new and existing market verticals[3](index=3&type=chunk) - Signed multiple multiyear agreements with prominent financial services clients[3](index=3&type=chunk) - Identity verification technology boasts a **99.975% decisioning success rate** in stopping fraud[3](index=3&type=chunk) - Future growth will be driven by a keen focus on sales and marketing efforts[4](index=4&type=chunk) [Financial Position Snapshot](index=2&type=section&id=1.3.%20Financial%20Position%20Snapshot) As of June 30, 2025, Intellicheck maintained a healthy cash position and stable stockholders' equity Financial Position as of June 30, 2025 | Metric | Amount | | :------------------- | :----------- | | Cash and Cash Equivalents | $8.6 million | | Stockholders' Equity | $18.0 million | [Condensed Financial Statements](index=4&type=section&id=2.%20Condensed%20Financial%20Statements) This section provides detailed condensed balance sheets, statements of operations, stockholders' equity, and cash flows for the reported periods [Condensed Balance Sheets](index=4&type=section&id=2.1.%20Condensed%20Balance%20Sheets) The balance sheet shows an increase in total assets primarily driven by a significant rise in cash and cash equivalents, while total liabilities also increased due to higher deferred revenue. Stockholders' equity saw a modest increase Condensed Balance Sheet Highlights (in thousands) | Metric | June 30, 2025 | December 31, 2024 | Change | | :-------------------------- | :-------------- | :---------------- | :----- | | Cash and cash equivalents | $8,573 | $4,666 | +$3,907 | | Accounts receivable, net | $2,676 | $4,675 | -$1,999 | | Total current assets | $12,143 | $9,912 | +$2,231 | | Total assets | $23,066 | $20,933 | +$2,133 | | Deferred revenue | $3,038 | $1,001 | +$2,037 | | Total current liabilities | $5,061 | $3,186 | +$1,875 | | Total liabilities | $5,061 | $3,186 | +$1,875 | | Total stockholders' equity | $18,005 | $17,747 | +$258 | [Condensed Statements of Operations](index=6&type=section&id=2.2.%20Condensed%20Statements%20of%20Operations) For the three and six months ended June 30, 2025, Intellicheck experienced revenue growth but also saw an increase in operating expenses, particularly in research and development, leading to higher operating losses and net losses compared to the prior year periods Condensed Statements of Operations (in thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Revenues | $5,123 | $4,672 | $10,017 | $9,352 | | Gross profit | $4,600 | $4,228 | $8,992 | $8,473 | | Selling, general and administrative | $3,535 | $3,608 | $6,988 | $7,544 | | Research and development | $1,363 | $835 | $2,650 | $1,653 | | Total operating expenses | $4,898 | $4,443 | $9,638 | $9,197 | | Loss from operations | ($298) | ($215) | ($646) | ($724) | | Net loss | ($251) | ($127) | ($569) | ($569) | | Loss per common share - Basic/Diluted | ($0.01) | ($0.01) | ($0.03) | ($0.03) | [Condensed Statements of Stockholders' Equity](index=8&type=section&id=2.3.%20Condensed%20Statements%20of%20Stockholders'%20Equity) Stockholders' equity increased slightly for both the three and six months ended June 30, 2025, primarily due to stock-based compensation and stock option exercises, partially offset by the net loss incurred during these periods Condensed Statements of Stockholders' Equity (in thousands) | Metric | June 30, 2025 | March 31, 2025 | June 30, 2024 | March 31, 2024 | | :-------------------------- | :------------ | :------------- | :------------ | :------------- | | Total Stockholders' Equity (Q2) | $18,005 | $17,608 | $17,307 | $17,178 | | Stock-based compensation (Q2) | $202 | - | $256 | - | | Stock option exercises (Q2) | $446 | - | $0 | - | | Net loss (Q2) | ($251) | - | ($127) | - | | Metric | June 30, 2025 | December 31, 2024 | June 30, 2024 | December 31, 2023 | | :-------------------------- | :------------ | :---------------- | :------------ | :---------------- | | Total Stockholders' Equity (YTD) | $18,005 | $17,747 | $17,307 | $17,276 | | Stock-based compensation (YTD) | $381 | - | $600 | - | | Stock option exercises (YTD) | $446 | - | $0 | - | | Net loss (YTD) | ($569) | - | ($569) | - | [Condensed Statements of Cash Flows](index=12&type=section&id=2.4.%20Condensed%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, the company generated significant net cash from operating activities, primarily due to a decrease in accounts receivable and an increase in deferred revenue, leading to a substantial net increase in cash compared to the prior year Condensed Statements of Cash Flows (in thousands) - Six Months Ended June 30 | Metric | 2025 | 2024 | | :------------------------------------------ | :--- | :--- | | Net cash provided by (used in) operating activities | $3,884 | ($312) | | Net cash (used in) provided by investing activities | ($232) | $3,592 | | Net cash provided by financing activities | $255 | $0 | | Net increase in cash | $3,907 | $3,280 | | CASH, end of period | $8,573 | $7,260 | [Non-GAAP Financial Measures Reconciliation](index=14&type=section&id=3.%20Non-GAAP%20Financial%20Measures%20Reconciliation) This section reconciles non-GAAP financial measures, including Adjusted EBITDA and Adjusted Gross Profit, to their most directly comparable GAAP measures [Adjusted EBITDA](index=14&type=section&id=3.1.%20Adjusted%20EBITDA) Adjusted EBITDA, a non-GAAP measure, improved significantly to a positive $75,000 for Q2 2025, compared to a loss of ($70,000) in Q2 2024, reflecting operational strength by excluding non-cash and non-operating charges - Adjusted EBITDA is a non-GAAP measure used to supplement GAAP results, providing an additional tool for investors to compare financial results by excluding non-cash charges (amortization, depreciation, stock-based compensation) and non-operating charges (interest, income taxes)[16](index=16&type=chunk)[17](index=17&type=chunk) Adjusted EBITDA Reconciliation (in thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Net loss | ($251) | ($127) | ($569) | ($569) | | Provision for income taxes | $0 | $0 | $0 | $2 | | Other income, net | ($47) | ($88) | ($77) | ($157) | | Depreciation and amortization | $171 | $73 | $325 | $145 | | Stock-based compensation | $202 | $72 | $379 | $405 | | **Adjusted EBITDA** | **$75** | **($70)** | **$58** | **($174)** | [Adjusted Gross Profit](index=14&type=section&id=3.2.%20Adjusted%20Gross%20Profit) Adjusted Gross Profit, a non-GAAP measure, increased for both the three and six months ended June 30, 2025, reflecting improved current operating performance by excluding amortization expense allocable to cost of revenues - Adjusted Gross Profit is a non-GAAP measure that adjusts gross profit by excluding amortization expense, focusing on current operating performance as amortization reflects historical software development costs[19](index=19&type=chunk)[20](index=20&type=chunk) Adjusted Gross Profit Reconciliation (in thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Revenue | $5,123 | $4,672 | $10,017 | $9,352 | | Cost of revenue, exclusive of amortization | $401 | $421 | $800 | $832 | | Amortization allocable to cost of revenues | $122 | $23 | $225 | $47 | | Gross Profit | $4,600 | $4,228 | $8,992 | $8,473 | | Add: Amortization allocable to cost of revenues | $122 | $23 | $225 | $47 | | **Adjusted Gross Profit** | **$4,722** | **$4,251** | **$9,217** | **$8,520** | | Gross profit as a percentage of revenues | 89.8% | 90.5% | 89.8% | 90.6% | | Adjusted Gross Profit as a percentage of revenues | 92.2% | 91.0% | 92.0% | 91.1% | [Company Information & Disclosures](index=2&type=section&id=4.%20Company%20Information%20%26%20Disclosures) This section provides an overview of Intellicheck, conference call details, a safe harbor statement, and contact information for stakeholders [About Intellicheck](index=17&type=section&id=4.1.%20About%20Intellicheck) Intellicheck is an industry leader in identity verification management, providing SaaS-based solutions that utilize proprietary analysis of DMV-issued IDs to prevent identity-based fraud across various sectors - Intellicheck is an industry-leading identity verification management company[23](index=23&type=chunk) - Offers SaaS-based validation and proofing services using proprietary analysis of DMV-issued IDs[23](index=23&type=chunk) - Validates approximately **100 million identities annually** across North America with **99.75% decisioning accuracy** in under a second[23](index=23&type=chunk) [Conference Call Information](index=2&type=section&id=4.2.%20Conference%20Call%20Information) Intellicheck hosted an earnings conference call on August 12, 2025, to discuss its operating results, with a replay available for a limited period - Earnings conference call held on **August 12, 2025, at 4:30 p.m. ET/1:30 p.m. PT**[9](index=9&type=chunk) - Dial-in numbers: **877-407-8037** (U.S.) and **201-689-8037** (International)[9](index=9&type=chunk) - Replay available until **August 19, 2025**, using conference ID **13754628**[10](index=10&type=chunk) [Safe Harbor Statement](index=17&type=section&id=4.3.%20Safe%20Harbor%20Statement) This section provides a standard Safe Harbor Statement, indicating that statements about Intellicheck's future expectations are forward-looking and subject to various risks and uncertainties, and the company does not undertake to update them - Statements regarding future expectations, product advantages, revenue improvement, market acceptance, and strategic execution are forward-looking statements[24](index=24&type=chunk) - Actual results may differ materially due to factors such as market acceptance, demand levels, ability to manage expenses, successful expansion, research and development, inflation, intellectual property rights, regulatory changes, and security breaches[24](index=24&type=chunk) - The company does not assume any obligation to update forward-looking information[24](index=24&type=chunk) [Contact Information](index=17&type=section&id=4.4.%20Contact%20Information) Contact details for investor relations and media inquiries are provided for interested parties - Investor Relations Contact: Gar Jackson at **(949) 873-2789** or gjackson@intellicheck.com[23](index=23&type=chunk) - Media and Public Relations Contact: Sharon Schultz at **(302) 539-3747** or sschultz@intellicheck.com[23](index=23&type=chunk)

Core Viewpoint - Intellicheck Mobilisa, Inc. (IDN) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Company Performance Indicators - Intellicheck Mobilisa is projected to earn -$0.01 per share for the fiscal year ending December 2025, showing no year-over-year change [8]. - Over the past three months, the Zacks Consensus Estimate for Intellicheck Mobilisa has increased by 70%, reflecting a positive trend in earnings outlook [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Intellicheck Mobilisa to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].

Core Insights - Intellicheck, Inc. (NASDAQ: IDN) is gaining attention as a notable player in the niche SaaS market focused on identity verification [1] Company Overview - Intellicheck operates within a specialized segment of the Software as a Service (SaaS) market, emphasizing identity verification solutions [1] Analyst Background - The analysis is conducted by a financial analyst with a background in petroleum and gas engineering, now focusing on technology, infrastructure, and internet services [1]

Intellicheck's Market and Technology - Fraud and identity theft impact multiple verticals, creating a significant addressable market[7] - In 2024, fraud in the U S impacted 18 million people[7] - Account takeover fraud saw a 22% increase[7] - Intellicheck authenticates close to 100 million documents in North America annually[16] - Intellicheck's technology verifies in less than a second if an ID is REAL and confirms the ID belongs to the person presenting it[40] - Intellicheck's solution requires no new hardware and offers omni-channel validation[39] - Intellicheck has renewed focus on sales and marketing to drive growth[28] Financial Performance (Q1 2025) - Total revenue was $4894000[61] - SaaS revenue was $4868000[61] - Gross margin was 90%[61] - Net loss was $(318000)[63] - Adjusted EBITDA was $(17000)[63]

Core Viewpoint - Intellicheck Mobilisa, Inc. (IDN) shows potential as a stock pick due to its recent technical performance, surpassing resistance levels and indicating a bullish trend [1]. Technical Analysis - IDN has recently moved above its 20-day simple moving average, which is a positive indicator for short-term traders as it suggests a bullish trend [2]. - The stock has increased by 24.1% over the past four weeks, reinforcing the positive technical outlook [4]. Earnings Estimates - There have been two upward revisions in IDN's earnings estimates for the current fiscal year, with no downward revisions, indicating strong investor confidence [4]. - The consensus earnings estimate has also increased, further supporting the bullish sentiment around IDN [4][5].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Intellicheck Mobilisa, Inc. (IDN) - IDN currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting favorable market performance [4] Performance Metrics - IDN shares have increased by 16.7% over the past week, outperforming the Zacks Security and Safety Services industry, which rose by 1.32% [6] - Over the past month, IDN's price change is 68.81%, significantly higher than the industry's 0.33% [6] - In the last quarter, IDN shares have surged by 105.88%, and over the past year, they have gained 43.05%, while the S&P 500 has only increased by 8.33% and 12.92%, respectively [7] Trading Volume - IDN's average 20-day trading volume is 755,106 shares, which is a positive indicator of market interest [8] Earnings Outlook - In the past two months, two earnings estimates for IDN have been revised upwards, with the consensus estimate improving from -$0.03 to -$0.01 [10] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions [10] Conclusion - Given the strong performance metrics and positive earnings outlook, IDN is positioned as a promising momentum pick for investors [12]

Group 1: Penny Stocks Overview - Trading penny stocks allows investors to buy a significant number of shares with limited capital, potentially generating substantial profits from small price movements [1] - Penny stocks are often associated with small-cap or micro-cap companies, many of which are unprofitable and may lack revenue [1][2] Group 2: Microvast Holdings Inc. - Microvast Holdings Inc. (NASDAQ: MVST) is a leader in battery technologies for electric vehicles and energy storage, holding over 800 patents [4] - The company reported a strong earnings performance, beating revenue expectations and maintaining a full-year revenue growth guidance of 18% to 25% [5] - MVST stock has risen 80% in the last 30 days, partly due to its recent addition to the Russell 3000 index, which may attract institutional interest [6] Group 3: Ribbon Communications Inc. - Ribbon Communications Inc. (NASDAQ: RBBN) is positioned as a key player in AI infrastructure, particularly in telecommunications for large language models [8][9] - The company has maintained its full-year revenue guidance between $870 million and $890 million, exceeding analysts' forecasts [10] - RBBN stock has increased over 20% following its latest earnings report, with a consensus price target of $5.88, indicating a potential upside of 49.8% [11] Group 4: Intellicheck Inc. - Intellicheck Inc. (NYSE: IDN) focuses on identity verification and fraud detection within the cybersecurity sector, a rapidly growing niche [12][13] - The company reported 100% renewal rates and high gross margins, with annual contract values exceeding $10 million [14] - Analysts have set a consensus price target of $5.83 for IDN stock, suggesting potential for speculative investment [15]

Group 1 - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - Intellicheck Mobilisa, Inc. (IDN) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2][11] - The Zacks Rank for IDN is 2 (Buy), suggesting a favorable outlook for the stock based on its performance metrics [3] Group 2 - IDN shares have increased by 35.8% over the past week, while the Zacks Security and Safety Services industry has declined by 2.97% during the same period [5] - Over the past quarter, IDN shares have risen by 80.71%, significantly outperforming the S&P 500, which has moved -3.17% [6] - The average 20-day trading volume for IDN is 390,918 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Group 3 - Earnings estimates for IDN have improved, with two estimates moving higher in the past two months, raising the consensus estimate from -$0.03 to -$0.01 [9] - The positive earnings outlook contributes to IDN's strong momentum score and overall favorable investment profile [8][11]