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Intellicheck Mobilisia (IDN)
NASDAQ:IDN
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Intellicheck Mobilisia
(NASDAQ:IDN)
54Neutral
Positive Factors
Earnings
Quarterly revenue came in well above expectations, $5.9M versus our $5.2M estimate and $5.0M for the Street.
Partnerships
The company recently announced the renewal and expansion of its partnership with a large U.S. bank which is expected to drive an approximately 15.0% increase in annual revenue from this customer.
Negative Factors
Market Conditions
A rising level of macro uncertainty warrants some caution.
Revenue Growth
Challenging retail channel conditions are masking progress in new verticals, leading to flat revenue compared to the previous year.
Intellicheck Mobilisia (IDN) vs. S&P 500 (SPY)
Market Cap
$56.92M
Dividend YieldN/A
Average Volume (3M)58.76K
Price to Earnings (P/E)―
Beta (1Y)2.26
Revenue Growth5.23%
EPS Growth80.84%
CountryUS
Employees51
SectorTechnology
Sector Strength44
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.05
Shares Outstanding19,762,312
10 Day Avg. Volume83,488
30 Day Avg. Volume58,760
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.79
Price to Cash Flow (P/CF)-12.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$3.00Price Target Upside-0.99% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Intellicheck Mobilisia Business Overview & Revenue Model
Company DescriptionIntellicheck, Inc., a technology company, develops, integrates, and markets threat identification and identity authentication solutions for bank and retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems primarily in the United States. It provides identity systems products, including commercial identification products, such as Intellicheck Platform, an identity solution that checks whether an ID is valid, matches the ID to the person presenting it, and provides a risk score to determine the risk of doing business with that person; IDN-Portal that provides the ability to scan an ID using a mobile phone; IDN-Portal+ that uses a retail scanner to validate an ID, and get additional data for analytics and analysis; IDN-Direct that provides access to additional data and the ability to use the platform's Risk Score capability to help with decision-making; and Intellicheck mobile app, which provides the ability to login and scan an ID. The company also offers State Aware Software solution, which provides or restricts information that is electronically scanned from an ID based on the electronic reading laws according to the state in which the ID is scanned; data collection devices that enable its software applications to be used on a variety of commercially available credit card terminals, PDAs, tablets, laptops, desktops, mobile phones, and point-of-sale terminals; and instant credit application kiosk software applications. It serves government, military, and commercial markets. The company was formerly known as Intellicheck Mobilisa, Inc. and changed its name to Intellicheck, Inc. in May 2017. Intellicheck, Inc. was incorporated in 1994 and is headquartered in Melville, New York.
How the Company Makes MoneyIntellicheck Mobilisia generates revenue through the sale and licensing of its identity verification software solutions. The company's primary revenue streams include subscription-based models, where clients pay recurring fees for ongoing access to their software services, and one-time licensing fees for specific software products. Additionally, Intellicheck may earn income from professional services such as implementation, customization, and support. The company forms significant partnerships with financial institutions and retail businesses to integrate its technology into their operations, enhancing their security measures and compliance processes. These collaborations not only broaden Intellicheck's market reach but also contribute to a steady stream of income through long-term contracts and service agreements.
Intellicheck Mobilisia Financial Statement Overview
Summary
Intellicheck Mobilisia shows revenue growth and a strong balance sheet, lacking debt which is a positive sign of financial stability. However, the persistent operating losses and negative cash flows indicate challenges in achieving profitability and efficient cash management. The company needs to focus on improving operational efficiency and cash flow generation to enhance its financial health.Income Statement
Intellicheck Mobilisia's income statement reflects mixed performance. While there has been consistent revenue growth, with the latest TTM revenue of $19.24M up from $18.91M in 2023, the company struggles with profitability. The net profit margin remains negative at -3.38% for the TTM, indicating ongoing losses. Gross profit margins are healthy at 91.84%, but operating losses as shown by negative EBIT and EBITDA margins suggest challenges in controlling operating expenses.45
Neutral
Balance Sheet
The balance sheet is relatively strong, with no debt and a solid equity base. The company maintains a high equity ratio of 80.90% for the TTM, demonstrating financial stability. However, the return on equity is negative due to net losses, which is a concern for shareholders. The absence of debt provides a buffer against financial distress.65
Positive
Cash Flow
Cash flow analysis reveals some weaknesses. While the company has improved free cash flow from -$3.58M in 2022 to -$1.39M in the TTM, it remains negative. The operating cash flow to net income ratio is unstable, reflecting the company's struggle to convert sales into cash. This highlights potential liquidity issues that need addressing.50
Neutral
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 19.24M | 18.91M | 15.97M | 16.39M | 10.73M | 7.66M | Gross Profit |
| 17.67M | 17.53M | 14.69M | 12.88M | 9.31M | 6.67M | EBIT |
| -1.03M | -2.28M | -3.72M | -4.16M | -259.65K | -2.65M | EBITDA |
| -809.00K | -1.99M | -3.75M | -7.32M | -3.12M | -2.40M | Net Income Common Stockholders |
| -649.00K | -1.98M | -3.85M | -4.13M | 1.38M | -2.45M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.40M | 8.98M | 10.08M | 13.65M | 13.12M | 3.35M | Total Assets |
| 24.82M | 23.81M | 22.45M | 25.71M | 24.34M | 14.00M | Total Debt |
| 577.50K | 0.00 | 0.00 | 0.00 | 32.62K | 158.47K | Net Debt |
| -1.82M | -3.98M | -5.20M | -13.65M | -13.09M | -3.19M | Total Liabilities |
| 3.88M | 6.53M | 3.95M | 4.51M | 2.13M | 2.25M | Stockholders Equity |
| 20.94M | 17.28M | 18.50M | 21.20M | 22.21M | 11.75M |
| Cash Flow | Free Cash Flow | ||||
| -1.39M | -1.15M | -3.58M | 454.00K | -463.92K | -1.86M | Operating Cash Flow |
| -906.00K | -647.00K | -3.38M | 1.12M | -19.02K | -1.84M | Investing Cash Flow |
| 2.69M | -414.00K | -5.07M | -662.00K | -415.88K | 22.03K | Financing Cash Flow |
| 3.00K | -155.00K | 97.00K | 76.00K | 10.21M | 793.65K |
Intellicheck Mobilisia Technical Analysis
Positive
3.03
Price Trends
2.62
Positive
2.66
Positive
2.64
Positive
Market Momentum
0.07
Negative
70.21
Negative
73.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IDN, the sentiment is Positive. The current price of 3.03 is above the 20-day moving average (MA) of 2.53, above the 50-day MA of 2.62, and above the 200-day MA of 2.64, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 70.21 is Negative, neither overbought nor oversold. The STOCH value of 73.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IDN.
Intellicheck Mobilisia Risk Analysis
Intellicheck Mobilisia disclosed 21 risk factors in its most recent earnings report. Intellicheck Mobilisia reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Intellicheck Mobilisia Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $384.57M | 91.99 | 2.15% | ― | 5.28% | ― | |
57 Neutral | $20.97B | 10.32 | -14.01% | 2.49% | 4.46% | -23.38% | |
57 Neutral | $1.52B | ― | -24.41% | ― | -1.55% | -250.10% | |
57 Neutral | $1.01B | ― | -5.52% | ― | 68.99% | 84.85% | |
54 Neutral | $56.92M | ― | -5.24% | ― | 5.23% | 80.84% | |
49 Neutral | $74.33M | ― | -21.97% | ― | -63.51% | -326.18% | |
49 Neutral | $42.79M | ― | -98.64% | ― | -15.57% | 80.69% |
* Technology Sector Average
Performance Comparison
IDN
Intellicheck Mobilisia
3.03
-0.25
-7.62%
INVE
Identiv
3.19
-5.22
-62.07%
MITK
Mitek Systems
8.25
-6.14
-42.67%
NTCT
Netscout Systems
21.01
-0.80
-3.67%
QNST
Quinstreet
17.84
0.42
2.41%
FLNT
Fluent
2.18
-0.84
-27.81%
Intellicheck Mobilisia Earnings Call Summary
Earnings Call Date: Mar 20, 2025 | % Change Since: 18.82% | Next Earnings Date: May 7, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue growth in SaaS and successful diversification into new verticals, partially offsetting challenges in the retail sector. Despite increased operating expenses, the company achieved positive adjusted EBITDA, indicating effective cost management. However, the retail sector's decline and increased expenses present ongoing challenges.Highlights
Record SaaS Revenue Growth
SaaS revenues in Q4 grew 17% quarter-over-quarter, totaling a record $5.9 million. For the full year, SaaS revenues grew 7% to a record $19.8 million.
Successful Vertical Channel Diversification
Targeted verticals like automotive, title insurance, e-mail, social media, and retail banking showed growth of 13%, 2,500%, 54%, and 17% respectively for the year.
New Major Contracts and Renewals
Renewed and expanded a contract with a prominent domestic bank, increasing value by approximately 15% to a mid-seven figure annual amount.
Positive Adjusted EBITDA
Achieved adjusted EBITDA positive results for the year at $520,000, improving from a loss of $377,000 in 2023.
Lowlights
Retail Transaction Volume Decline
Retail transaction volumes in Q4 were down 9% from Q4 2023, which is more than the expected 15% drop, indicating a challenging retail environment.
Increased Operating Expenses
Operating expenses increased by 41% in Q4 2024 compared to the same period in 2023, driven by higher R&D expenses and cloud computing costs.
Challenges in Retail Sector
Retail still represents approximately 75% of scan volume, with bankruptcies and cautious consumer spending affecting volumes.
Company Guidance
During the Intellicheck Fourth Quarter and Year-end 2024 Earnings Call, several key metrics and strategic insights were highlighted. The company's SaaS revenues in Q4 grew by 17% quarter-over-quarter, reaching a record $5.9 million, while full-year SaaS revenues grew by 7% to nearly $19.8 million. The call emphasized Intellicheck's focus on vertical channel diversification, particularly in areas such as automotive, title insurance, email, social media, and retail banking, with significant growth reported in these sectors, including a 2,500% increase in title insurance. The company achieved a positive adjusted EBITDA for the year amounting to $520,000, a substantial improvement from a net loss of $1.98 million in 2023. Despite facing retail bankruptcies and churn, Intellicheck's diversification strategy offset these challenges, maintaining a gross profit margin of 91%. The call also highlighted ongoing investments in IT initiatives, including a move from Azure to AWS, which is expected to result in cost savings and faster implementations. Additionally, Intellicheck strengthened its customer success team, leading to improved client relationships and contract renewals, including a significant 15% increase in contract value with a major bank and credit card issuer. The company remains optimistic about accelerating growth in 2025, particularly in the latter half of the year, while also addressing the persistent issue of fraud, which resulted in $43 billion in losses in 2023.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.