Intellicheck: Retail May Be Pressured, but Identity Fraud ‘Isn't Going Away'
IDNIntellicheck(IDN) PYMNTS.com·2024-08-09 08:06

For Intellicheck, the hallmarks of the second quarter are that retail verticals and customers are pressured — but diversification efforts are paying off, and will pay off, over the longer term. On Thursday (Aug. 8), the company posted its latest earnings results that showed total revenues were down 0.9% to $4.7 million. Drilling down into the data, software-as-a-service (SaaS) revenue declined 0.8% and totaled $4.6 million. Net loss improved to $127,000, where it had been $853,000 a year ago. Investors sent ...