FB pixel

Intellicheck nets positive fourth quarter and anticipates further growth

Intellicheck nets positive fourth quarter and anticipates further growth

Intellicheck netted $757,000 in income in the fourth quarter of its fiscal 2023, a dramatic improvement capping a year in which the company lost $1.98 million.

The full-year net loss, which works out to $0.10 per diluted share, represents a major reduction of the $4.16 million net loss, $0.22 per diluted share, in 2022. Intellicheck had a net loss of $869,000 in Q4 2022.

Revenue for Intellicheck in the year ended December 31 grew by 18 percent to $18.9 million, compared to a hair under $16 million in 2022. Gross profit ticked up on higher SaaS revenues, and operating expenses grew by just over a million dollars to $19.8 million.

Intellicheck has also hired a new CTO, Channel and Technology Alliances leader and VP of Marketing in the past year. Christine Elson joined as VP of Marketing in January.

“We anticipate continued growth driven by our expectations from our pipeline and the number of deals anticipated to go live in Q2 and Q3,” says Intellicheck CEO Bryan Lewis. “We believe that we are on the cusp of a number of sizeable revenue generators that will really move the needle in the back half of the year. These include the addition of new retailers with our long standing bank partners, global media companies, auto, title and now crypto currency, our latest vertical.”

Related Posts

Article Topics

 |   |   |   | 

Latest Biometrics News


New FaceTec CLO among avalanche of appointments in biometrics and fraud protection

New executives have been named by biometrics providers FaceTec, Pindrop and Fingerprint Cards, along with C-level appointments by Prove and…


Indonesia issues call for World Bank-backed digital identification project

Indonesia is looking for a company providing consulting services as a part of its upcoming digital transformation project backed by…


Affinidi data sharing framework leverages privacy-preserving open standards

Affinidi, a company specializing in data and identity management, unveiled the Affinidi Iota framework at the WeAreDevelopers World Congress. This…


Sri Lanka set for January biometric passport launch, plans airport upgrades

Sri Lanka is preparing to begin issuing biometric passports with electronic chips embedded as of January, 2025, according to a…


Vending machines with biometric age verification roll out in Germany, US

Vending machines are growing in popularity as a way to sell age-restricted products around the world, with Diebold Nixdorf algorithms…


San Francisco police hit with lawsuit over facial recognition use

In 2019, San Francisco became the first city in the U.S. to ban facial recognition technology, forcing the police and…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events