Revenue Growth and Improved EBITDA
Total revenue for Q2 2025 grew to $5.1 million, a 10% increase from $4.7 million in the prior year period. Adjusted EBITDA improved by $145,000, reaching $75,000 for the quarter.
Cash Position Strengthened
Cash at the end of Q2 2025 increased to $8.6 million, a $3.5 million rise from the $5.1 million balance at the end of the first quarter.
Major Contract Wins and Renewals
Intellicheck reported multiyear expansions with major bank and credit card issuer clients, including a significant upsell with a leading regional bank headquartered in the Southeast. Additionally, a large bank and credit card issuer signed a new 3-year tiered contract with annual contract value in the mid-7-figure range.
AWS Migration and Cost Savings
Approximately 95% of clients have been migrated to the AWS platform, expecting annual savings in excess of $300,000.
Increased Marketing Effectiveness
Marketing spend, while lower than last year, showed significant gains with new inbound prospects up 30% over Q1, and LinkedIn impressions up 300% over Q1.