IntelliCheck Inc. Reports 4.6% Increase in Q1 Revenues to $4.89M; Gross Profit Rises Slightly to $4.39M

Reuters
05-14
IntelliCheck Inc. Reports 4.6% Increase in Q1 Revenues to $4.89M; Gross Profit Rises Slightly to $4.39M

Intellicheck Inc. has reported its financial results for the first quarter ended March 31, 2025. The company achieved revenues of $4.894 million, marking an increase from $4.680 million in the same period of 2024. Gross profit for the quarter was $4.392 million, compared to $4.245 million in the previous year, with gross profit as a percentage of revenues standing at 89.7%, slightly down from 90.7% in 2024. Operating expenses, which include selling, general and administrative expenses, as well as research and development expenses, decreased by 1% to $4.740 million compared to $4.768 million in the first quarter of 2024. The company reported a net loss of $318,000, an improvement from a net loss of $442,000 in the prior year's quarter. Intellicheck's CEO, Bryan Lewis, highlighted the company's rapid growth across various sectors including retail banking, title insurance, auto, email account security, background checks, and logistics and shipping. The company remains optimistic about future growth opportunities as new partnerships and organizational revitalization efforts take shape.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IntelliCheck Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-025078), on May 13, 2025, and is solely responsible for the information contained therein.

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