Intellicheck CEO Sees Demand for Banking ID Verification as Fraudsters Grow Bolder
Intellicheck(IDN) PYMNTS.com·2024-11-15 02:12
Investors sent Intellicheck shares lower by 12% Thursday morning (Nov. 14) on a slight revenue miss.However, management pointed to potential in the company’s identity verification offerings, particularly in the areas of real estate and banking (and where retail remains a core focus, although that sector has been pressured).By the NumbersThird-quarter revenue was $4.7 million, roughly flat compared to a year ago and about 3% lower than consensus. Software-as-a-Service (SaaS) revenue gained 1%, representing m ...