Financial Data and Key Metrics Changes - SaaS revenue grew 21% to $4 million compared to the previous year and increased 17% sequentially from Q1 2022 [8] - Revenue for Q2 2022 declined 16% to $4,008,000 compared to $4,797,000 in the same period of 2021, attributed to a large noncore equipment sale in the prior year [32] - Gross profit margins remained healthy at 90.9% for Q2 2022, up from 69.4% in the same period of 2021 [34] - The company reported a net loss of $1,098,000 for Q2 2022, compared to a net loss of $836,000 for the same period of 2021 [36] Business Line Data and Key Metrics Changes - SaaS revenue for Q2 2022 was $3,928,000, a record high and a sequential increase from the previous quarter [33] - Operating expenses increased 14% to $4,742,000 for Q2 2022, driven by higher personnel and marketing expenses [35] - Transaction volumes across large retailers were up a minimum of 13% in Q2 compared to Q1, with many in the 30% range [19] Market Data and Key Metrics Changes - Financial services clients showed continued opportunities, with one client completing a rollout that drove 13% revenue growth over Q1 [15] - A retailer that previously used a competing credit card provider completed onboarding, leading to a 38% sequential revenue increase [17] - The company signed a new agreement with a firm selling an omnichannel platform, resulting in the pre-purchase of 500,000 transactions [19] Company Strategy and Development Direction - The company is focused on growth initiatives and expanding its presence as a global platform for identity validation [28] - Major changes in the sales organization were made, including the promotion of a new Senior Vice President of Sales and the addition of new sales personnel [9][10] - The company aims to enhance its validation solutions with additional risk signals to attract new clients [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, highlighting the importance of adapting to market needs and expanding into new verticals [30] - The CEO noted that the company is well-positioned for significant growth in 2023 due to the changes made in the sales team [11] - Management acknowledged the challenges of the InfoSec review process with larger banks but remains optimistic about passing audits [22] Other Important Information - As of June 30, 2022, the company had cash of $12 million and total assets of $24.2 million [37] - The company has a $2 million revolving credit facility with Citibank, with no amounts outstanding [37] Q&A Session Summary Question: When will expansions go live and what growth should be expected into Q3? - Management indicated that rollout timings vary and that it is difficult to predict exact volumes without historical data [41] Question: Updates on FinServ contracts and price increases? - FinServ two renewed late in the quarter with lower double-digit increases expected [43] Question: Current sales team size and changes? - The sales team currently has 13 members, including new hires and a recent departure [44] Question: Expectations for operating expenses in Q3? - Management aims to maintain near breakeven while continuing to add sales personnel [46] Question: Insights on billings and revenue modeling for 2023? - Management is working on refining SaaS metrics to provide better data for modeling [55][56] Question: Progress on digital sales and partner channels? - Digital sales remain at about 10% of revenue, with ongoing success in attracting digital clients [57] Question: Status of Platform 2.0 migration and client feedback? - Clients have reported that the new platform is easier to connect to and has improved performance [65] Question: Updates on pilot studies with major banks? - One pilot passed all success criteria, while another is delayed due to InfoSec review [68]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to s ...

Intellicheck, Inc. (NASDAQ:IDN) Q1 2022 Earnings Conference Call June 13, 2022 4:30 PM ET Company Participants Gar Jackson - IR Bryan Lewis - CEO Jeffrey Ishmael - CFO Conference Call Participants Michael Grondahl - Northland Capital Markets Scott Buck - H.C. Wainwright Rudy Kessinger - D.A. Davidson Roger Liddell - Clear Harbor Asset Operator Greetings. Welcome to the Q1 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presen ...

Revenue Growth - Revenues for the year ended December 31, 2021 increased by $5,658, or 53%, to $16,393 compared to $10,735 for the year ended December 31, 2020, primarily due to higher SaaS revenues and hardware sales [135]. - SaaS revenues increased by $3,597, or 38%, to $12,970 for the year ended December 31, 2021, compared to $9,373 for the year ended December 31, 2020 [135]. Profitability and Losses - Gross profit increased by $3,573, or 38%, to $12,882 for the year ended December 31, 2021, with a gross profit margin of 78.6% compared to 86.7% in 2020 [136]. - Net losses for the year ended December 31, 2021 were $(4,146), or $(0.22) per share, compared to net income of $558, or $0.03 per share for the year ended December 31, 2020 [139]. - The company's net income for the year ended December 31, 2021, was a loss of $4.146 million, compared to a profit of $0.558 million in 2020 [156]. - Adjusted EBITDA for 2021 was $(0.925) million, a decrease from $0.329 million in 2020 [156]. Operating Expenses - Operating expenses increased by $7,475, or 78%, to $17,044 for the year ended December 31, 2021, driven by higher personnel and marketing costs [137]. Cash Flow and Financial Position - As of December 31, 2021, the company had cash of $13,651 and working capital of $11,982 [140]. - Cash provided by operating activities was $1,116 for the year ended December 31, 2021, compared to cash used in operating activities of $(19) in 2020 [141]. - The company anticipates that available cash and expected cash from operations will be sufficient to meet working capital and capital expenditure requirements for at least the next 12 months [148]. Strategic Activities - The company is exploring synergistic opportunities, including merger and acquisition activities, with $454 of costs incurred related to this activity included in operating expenses [137]. Tax and Financial Reporting - The available net operating loss (NOL) at December 31, 2021, was approximately $18.0 million, which can offset future taxable income [157]. - The adoption of ASU 2019-12 regarding income taxes did not have a material impact on the financial statements [159]. - The company expects the adoption of ASU No. 2016-13 regarding credit losses will not have a material impact on its financial statements [160]. Future Outlook - The company anticipates future growth in revenues and cash flow, but these forward-looking statements are subject to uncertainty [162]. - The company maintains cash in two financial institutions, subjecting it to concentrations of credit risk [163].

Intellicheck, Inc. (NASDAQ:IDN) Q4 2021 Earnings Conference Call March 9, 2022 4:30 PM ET Company Participants Gar Jackson - IR Bryan Lewis - CEO & Director Billy White - CFO, COO, Treasurer & Secretary Conference Call Participants Michael Grondahl - Northland Capital Markets Scott Buck - H.C. Wainwright & Co. Jeff Van Rhee - Craig-Hallum Capital Group Rudy Kessinger - D.A. Davidson & Co. Operator Good day, ladies and gentlemen, and welcome to the Intellicheck Fourth Quarter and Full Year 2021 Earnings Conf ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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 ...

Intellicheck, Inc. (NASDAQ:IDN) Q3 2021 Earnings Conference Call November 10, 2021 4:30 PM ET Company Participants Gar Jackson - IR Bryan Lewis - CEO & Director Billy White - CFO, COO, Treasurer & Secretary Conference Call Participants Michael Grondahl - Northland Capital Markets Scott Buck - H.C. Wainwright & Co. Jeff Van Rhee - Craig-Hallum Rudy Kessinger - D.A. Davidson & Co. Operator Good day, ladies and gentlemen, and welcome to the Intellicheck Third Quarter 2021 Earnings Conference Call. [Operator In ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 | | ...

Financial Data and Key Metrics Changes - Total revenues for Q2 2021 were just shy of $4.8 million, representing a 160% increase compared to $1.8 million in the prior year [12][34] - SaaS revenue was just over $3.2 million, a 93% increase year-over-year and a 16% increase from Q1 2021 [12][33] - The company reported a net loss of $738,000 for the quarter, slightly improved from a net loss of $760,000 in Q2 2020 [13][38] - Adjusted EBITDA was negative $46,000, an improvement from negative $619,000 in the same quarter last year [13][38] - Gross profit as a percentage of revenue was 69.4%, down from 88.6% in Q2 2020, but 93.3% when excluding hardware sales [36] Business Line Data and Key Metrics Changes - Digital transaction volumes increased by 484% over the past 12 months, representing about 6% of all non-age regulated transactions [14] - The company delivered half of the hardware order for teller workstations during Q2 [12] Market Data and Key Metrics Changes - Same-store volumes improved but remained down 10% overall compared to 2019, with improvements noted each month [13] - The digital side of the business continues to grow, with significant increases in digital transaction volumes [14] Company Strategy and Development Direction - The company is revamping its pricing model to increase prices upon renewals, which has been well received by clients [11][27] - There is a focus on expanding the sales team and increasing awareness of the company, resulting in a six-fold increase in qualified sales leads [25] - The company is working to bundle products to assist fintech companies with KYC functions, aiming to expand into larger identity markets [29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing a realistic pipeline and the effectiveness of recent hiring initiatives [23][31] - The company is committed to investing in sales and marketing to enhance client understanding of its unique offerings [31] Other Important Information - As of June 30, 2021, the company had net cash of $11.9 million and working capital of $13.3 million [39] - The company signed 22 NDAs in July alone, indicating strong interest from potential clients [74] Q&A Session Summary Question: Can you break down the 93% SaaS growth year-over-year? - Management indicated that the majority of growth came from new usage at existing clients and new client additions, with larger contracts coming up for renewal [43][44] Question: What does the backlog look like for new implementations? - There are about 40 implementations in backlog, with hopes to complete them this year, although some delays may occur on the customer side [46][47] Question: How are leads and pipeline evolving? - Leads have increased six-fold, primarily from age-restricted product sales, which are highly profitable [54] Question: What is the typical ramp-up period for new sales hires? - A good sales person typically takes three to four months to become productive, with new hires showing quicker adaptation than expected [64] Question: What is the expected impact of new partnerships on revenue? - New partnerships could represent a significant portion of revenue, as the company aims to expand its reseller network [56][58] Question: What is the sustainability of the growth in age-restricted products? - The majority of growth is currently from alcohol delivery, with cannabis being a smaller segment due to advertising restrictions [82] Question: What is the conversion rate from NDAs to contracts? - The conversion rate is high, with most NDAs still active or in contract negotiations [87] Question: How are fraud losses shared between banks and retailers? - The traditional model remains where banks typically absorb fraud losses, but retailers are incentivized to use the company's solutions to speed up credit card processing [88][90]

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 ...