UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q For the quarterly period ended March 31, 2021 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission File No.: 001-15465 Intellicheck, Inc. (Exact name of Registrant as specified in its charter) Delaware 11-3234779 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification ...

Intellicheck, Inc. (NASDAQ:IDN) Q1 2021 Earnings Conference Call May 4, 2021 4:30 PM ET Company Participants Gar Jackson - Investor Relations Bryan Lewis - Chief Executive Officer Bill White - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Mike Grondahl - Northland Securities Roger Liddell - Clear Harbor Asset Management Operator Greetings, and welcome to Intellicheck First Quarter Fiscal Year Earnings conference call. At this time, all participants are in a listen-only mo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission File No.: 001-15465 Intellicheck, Inc. (Exact name of Registrant as specified in its charter) | Delaware | 11-3234779 | | ...

Intellicheck, Inc. (NASDAQ:IDN) Q4 2020 Earnings Conference Call March 16, 2020 4:30 PM ET Company Participants Gar Jackson - Investor Relations Bryan Lewis - Chief Executive Officer Bill White - Chief Financial Officer Conference Call Participants Mike Grondahl - Northland Securities Kara Anderson - B. Riley & Company Scott Buck - H.C. Wainwright Operator Greetings, and welcome to the Intellicheck Fourth Quarter and Year-End 2020 Earnings Conference Call. [Operator Instructions] A question-and-answer sessi ...

PART I – FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The financial statements for the period ended September 30, 2020, reflect significant revenue growth, a shift to profitability, and a strengthened balance sheet with **$12.8 million** in cash from a public offering and PPP loan Condensed Balance Sheet Data (Unaudited) | Account | September 30, 2020 ($) | December 31, 2019 ($) | | :--- | :--- | :--- | | **Assets** | | | | Cash | $12,812,322 | $3,350,853 | | Total current assets | $15,076,659 | $5,380,096 | | Goodwill | $8,101,661 | $8,101,661 | | Total assets | $23,905,523 | $13,997,171 | | **Liabilities & Equity** | | | | Total current liabilities | $2,339,700 | $2,201,716 | | Total liabilities | $3,111,855 | $2,247,658 | | Total stockholders' equity | $20,793,668 | $11,749,513 | Statements of Operations Highlights (Unaudited) | Metric | Three Months Ended Sep 30, 2020 ($) | Three Months Ended Sep 30, 2019 ($) | Nine Months Ended Sep 30, 2020 ($) | Nine Months Ended Sep 30, 2019 ($) | | :--- | :--- | :--- | :--- | :--- | | Revenues | $2,698,975 | $1,930,201 | $7,656,442 | $4,767,186 | | Gross Profit | $2,405,276 | $1,671,148 | $6,459,914 | $4,096,848 | | Income (loss) from operations | $25,419 | ($580,524) | ($719,445) | ($2,719,276) | | Net Income (Loss) | $32,412 | ($568,230) | ($701,259) | ($2,654,898) | | Diluted EPS | $0.00 | ($0.04) | ($0.04) | ($0.17) | Statements of Cash Flows Highlights (Unaudited) | Cash Flow Activity (Nine months ended Sep 30) | 2020 ($) | 2019 ($) | | :--- | :--- | :--- | | Net cash used in operating activities | ($310,922) | ($2,089,687) | | Net cash (used in) provided by investing activities | ($407,503) | $14,893 | | Net cash provided by financing activities | $10,179,894 | $456,104 | | **Net increase (decrease) in cash** | **$9,461,469** | **($1,618,690)** | | **Cash, end of period** | **$12,812,322** | **$2,757,327** | - In June 2020, the company completed a public offering of 1,769,230 common stock shares at $6.50 per share, resulting in net proceeds of approximately **$10.57 million** after costs. These funds are intended for general corporate purposes and working capital[22](index=22&type=chunk)[71](index=71&type=chunk) - The company received an unsecured promissory note of **$796,100** and a **$10,000** advance under the Paycheck Protection Program (PPP) in April 2020. The loan has a 1% interest rate and may be forgiven if certain conditions are met[56](index=56&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=18&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes strong performance to significant SaaS revenue growth, enhanced liquidity from a **$10.6 million** public offering and PPP loan, and believes current cash is sufficient for the next 12 months despite COVID-19 uncertainties Revenue and Gross Profit Comparison | Period | Metric | 2020 ($) | 2019 ($) | Change ($) | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **3 Months** | Revenue | $2,699,000 | $1,930,000 | +$769,000 | +40% | | | Gross Profit | $2,405,000 | $1,671,000 | +$734,000 | +44% | | **9 Months** | Revenue | $7,656,000 | $4,767,000 | +$2,889,000 | +61% | | | Gross Profit | $6,460,000 | $4,097,000 | +$2,363,000 | +58% | - The primary driver of revenue growth was the Software as a Service (SaaS) segment. SaaS revenue increased by **57%** to **$2.45 million** for the three months ended September 30, 2020, and by **79%** to **$6.36 million** for the nine-month period[94](index=94&type=chunk)[99](index=99&type=chunk) - The company's liquidity position improved significantly, with cash increasing to **$12.8 million** and working capital to **$12.7 million** as of September 30, 2020. This was primarily due to net proceeds of approximately **$10.6 million** from a public stock offering in June 2020[104](index=104&type=chunk)[106](index=106&type=chunk) Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted EBITDA | | Three Months Ended Sep 30, ($) | Nine Months Ended Sep 30, ($) | | :--- | :--- | :--- | | | **2020** | **2019** | **2020** | **2019** | | Net income (loss) | $32,412 | ($568,230) | ($701,259) | ($2,654,898) | | Interest and other income | ($6,993) | ($12,294) | ($18,186) | ($64,378) | | Depreciation and amortization | $46,387 | $52,542 | $127,143 | $176,034 | | Stock-based compensation expense | $97,157 | $71,043 | $286,909 | $513,824 | | **Adjusted EBITDA** | **$168,963** | **($456,939)** | **($305,393)** | **($2,029,418)** | [Quantitative and Qualitative Disclosures About Market Risk](index=25&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is credit concentration from cash deposits, mitigated by holding funds in two financial institutions and periodic evaluations - The company's main financial instruments subject to credit risk are its cash balances, which are held at two financial institutions[123](index=123&type=chunk) [Controls and Procedures](index=25&type=section&id=Item%204.%20Controls%20and%20Procedures) As of September 30, 2020, the CEO and CFO concluded the company's disclosure controls and procedures were effective, with no material changes to internal controls despite remote work - The CEO and CFO evaluated and concluded that the company's disclosure controls and procedures were effective as of September 30, 2020[124](index=124&type=chunk) - No changes in internal controls over financial reporting occurred during the third quarter of 2020 that have materially affected, or are reasonably likely to materially affect, these controls[126](index=126&type=chunk) Part II – OTHER INFORMATION [Legal Proceedings](index=25&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any legal proceedings expected to materially affect its business - The company is not currently involved in any material legal or regulatory proceedings[72](index=72&type=chunk)[128](index=128&type=chunk) [Risk Factors](index=25&type=section&id=Item%201A.%20Risk%20Factors) The company highlights significant risks from the ongoing COVID-19 pandemic, including potential adverse effects on business, financial performance, liquidity, and stock price due to unpredictable duration and severity - The COVID-19 pandemic has impacted the business and is expected to continue to do so, with the full impact being unpredictable due to factors beyond the company's control[131](index=131&type=chunk) - Pandemic-related measures like stay-at-home orders and business closures disrupt normal operations. The company has transitioned to remote work and virtual events, which may delay sales and harm productivity[133](index=133&type=chunk) - A widespread pandemic could lead to significant disruption of global financial markets, potentially reducing the company's ability to access capital and negatively affecting its liquidity and stock value[134](index=134&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=26&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period - None[136](index=136&type=chunk) [Defaults Upon Senior Securities](index=26&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[136](index=136&type=chunk) [Mine Safety Disclosures](index=26&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[136](index=136&type=chunk) [Other Information](index=26&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this period - None[137](index=137&type=chunk) [Exhibits](index=26&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data - Exhibits filed include Rule 13a-14(a) certifications for the CEO and CFO, Section 1350 certifications, and XBRL instance and taxonomy documents[137](index=137&type=chunk)

Intellicheck, Inc. (NASDAQ:IDN) Q3 2020 Earnings Conference Call November 4, 2020 4:30 PM ET Company Participants Gar Jackson - Investor Relations Bryan Lewis - Chief Executive Officer Bill White - Chief Financial Officer Conference Call Participants Mike Grondahl - Northland Securities Scott Buck - H.C. Wainwright Kara Anderson - B. Riley & Company. Roger Liddell - Clear Harbor Asset Management Operator Greetings, and welcome to Intellicheck's Third Quarter 2020 Earnings Call. At this time, all participa ...

Revenue Growth - Revenues for the three months ended June 30, 2020 increased 18% to $1,842,000 compared to $1,558,000 for the previous year, primarily due to higher commercial revenues[93] - Revenues for the six months ended June 30, 2020 increased 75% to $4,957,000 compared to $2,837,000 for the previous year, again driven by higher commercial revenues[99] SaaS Revenue - SaaS revenue increased $550,000 or 49% to $1,671,000 for the three months ended June 30, 2020, driven by growth in the Financial Services and Retail verticals[93] - SaaS revenue for the six months ended June 30, 2020 increased $1,928,000 or 97% to $3,910,000 compared to $1,982,000 for the same period last year[99] Gross Profit - Gross profit for the three months ended June 30, 2020 was $1,632,000, with a gross profit margin of 88.6%, up from 85.9% in the same period last year[94] - Gross profit for the six months ended June 30, 2020 was $4,055,000, with a gross profit margin of 81.8%, down from 85.5% in the same period last year[100] Operating Expenses - Operating expenses for the six months ended June 30, 2020 increased 5% to $4,800,000 compared to $4,564,000 for the same period last year, primarily due to higher personnel costs[101] Net Loss - The company generated a net loss of $734,000 for the six months ended June 30, 2020, an improvement compared to a net loss of $2,087,000 for the same period last year[103] - The company reported a net loss of $(760,273) for the three months ended June 30, 2020, compared to $(873,677) for the same period in 2019[119] Cash and Capital - As of June 30, 2020, the company had cash of $14,590,000 and working capital of $13,623,000[104] - The company completed a public offering of 1,769,230 shares at $6.50 per share, resulting in net proceeds of approximately $10,710,000[106] Net Operating Loss (NOL) - The company has approximately $17 million in available net operating loss (NOL) as of December 31, 2019, which can offset future taxable income[115] - The CARES Act allows NOLs incurred in 2018, 2019, and 2020 to be carried back to generate refunds of previously paid income taxes, although this change will not have a material cash benefit for the company[116] Legal and Regulatory Matters - The company is not currently involved in any legal or regulatory proceedings that could materially affect its business[114] - The company has not entered into any off-balance sheet financing arrangements or established special purpose entities[120] Forward-Looking Statements - Forward-looking statements indicate expectations for future growth in revenues and cash flow, but these are subject to uncertainty and changes in circumstances[121] Financial Risk - The company maintains cash in two financial institutions, subjecting it to concentrations of credit risk[122] Adjusted EBITDA - Adjusted EBITDA for the three months ended June 30, 2020, was $(618,727), compared to $(785,318) for the same period in 2019, indicating an improvement[119] - Adjusted EBITDA is considered an important indicator of operational strength, but it has significant limitations and should not be viewed in isolation from GAAP net loss[118] SEC Filings - The company has filed a universal shelf registration statement with the SEC, allowing for future offerings of up to $25 million in securities[112]

Intellicheck, Inc. (NASDAQ:IDN) Q2 2020 Earnings Conference Call August 11, 2020 4:30 PM ET Company Participants Gar Jackson - Global IR Bryan Lewis - CEO Bill White - CFO Conference Call Participants Mike Grondahl - Northland Securities Scott Buck - B. Riley FBR Roger Liddell - Clear Harbor Asset Management Jeb Armstrong - Clear Harbor Asset Management Doris Rossiter - Shattemac Capital Management Operator Greetings and welcome to Intellicheck's Second Quarter 2020 Earnings Call. At this time, all particip ...

| --- | --- | --- | --- | |-------|-----------------------------|--------------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | Authentication made simple | Investor Presentation – May 14, 2020 | | | | • (Nasdaq: IDN) | | | SAFE HARBOR STATEMENT Authentication made simple Proprietary and Confidential • Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. • W ...

Intellicheck, Inc. (NASDAQ:IDN) Q1 2020 Earnings Conference Call May 6, 2020 4:30 PM ET Company Participants Gar Jackson – Global IR Bryan Lewis – Chief Executive Officer Bill White – Chief Financial Officer Conference Call Participants Mike Grondahl – Northland Securities Scott Buck – B. Riley Jeb Armstrong – Clear Harbor Asset Management Operator Greetings, and welcome to Intellicheck's First Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-an ...