Revenue Growth
Intellicheck reported a 28% year-over-year increase in revenues, reaching $6 million, with SaaS revenue up 26%.
High Gross Margin
The company maintained a strong gross margin of 90.5%, with an adjusted gross margin of 92.8%.
Record Adjusted EBITDA
Adjusted EBITDA reached a third-quarter record of $631,000, an improvement of $798,000 compared to the previous year.
Positive Net Income
Intellicheck achieved a positive net income of $290,000 for the quarter, compared to a loss the previous year.
Notable Client Wins and Renewals
The company secured significant contracts with banks and credit card issuers, including a 3-year renewal with an annual contract value in the low mid-7-figure range.
Leadership Recognition
Intellicheck was named a leader in the IDC MarketScape Worldwide Identity Verification and Financial Services 2025 Vendor Assessment.
New Product Developments
The company launched several new products, including an enhanced optical character recognition (OCR) tool and a new desktop application.