Intellicheck Mobilisa (IDN) Reports In-Line Q1 EPS, Miss on Revenues
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Intellicheck Announces First Quarter Financial Results
May 14, 2018 4:05 PM EDTYear 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
