Contract ExpansionA new contract expansion with a Southeastern Regional Bank will now make them a top 3 customer for IDN, indicating significant revenue growth potential.
Financial PerformanceQuarterly revenue came in well above expectations, $5.9M versus our $5.2M estimate and $5.0M for the Street.
Technology AdvantageThe company's ID verification technology achieves a 99%+ accuracy rate, far exceeding the 60-70% accuracy rate of competitors, providing significant value to customers.