Intellicheck Mobilisa (IDN) Reports In-Line Q1 EPS, Miss on Revenues

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Go back to Intellicheck Mobilisa (IDN) Reports In-Line Q1 EPS, Miss on Revenues

Intellicheck Announces First Quarter Financial Results

May 14, 2018 4:05 PM EDT

Year over year first quarter revenues increased 49% and SaaS revenues increased 120%

MELVILLE, N.Y.--(BUSINESS WIRE)-- Intellicheck, Inc. (NYSE American: IDN), an industry leader in identification authentication solutions, today announced its financial results for the first quarter ended March 31, 2018.

Revenue for the first quarter ended March 31, 2018 grew 49% to $1,062,062 versus $712,660 in the prior year comparable period. SaaS revenue in the first quarter grew 120% and totaled $595,000 versus $270,000 in the quarter ending March 31, 2017. Gross profit as a percentage of revenues improved to 90.5% for the three months ended March 31, 2018... More