Scott Buck, an analyst from H.C. Wainwright, maintained the Buy rating on Intellicheck Mobilisia (IDN – Research Report). The associated price target remains the same with $4.00.
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Scott Buck has given his Buy rating due to a combination of factors that highlight Intellicheck Mobilisia’s potential for growth despite current challenges. The company reported first-quarter revenue that exceeded expectations, demonstrating resilience in a difficult macroeconomic environment. This performance is attributed to successful diversification into new verticals such as retail banking, mortgage title, and automotive, which has not only mitigated the impact of declining retail revenue but also resulted in higher average pricing.
Moreover, Intellicheck’s strategic use of resellers in certain sectors is seen as a catalyst for future growth, potentially accelerating revenue expansion. The company’s disciplined cost management has led to favorable operating expenses, suggesting the potential for improved EBITDA margins and free cash flow in the coming years. With a strong cash position and no immediate need for additional capital, Intellicheck is well-positioned to capitalize on a more favorable retail environment, supporting the Buy rating and a price target of $4.00.