Quarterly ResultMay 12, 2026, 04:18 PM
Intellicheck Q1 Revenue +13% to $5.52M; Net Income $636K
AI Summary
Intellicheck reported record first-quarter 2026 financial results, with total revenue increasing 13% to $5.52 million. The company achieved significant profitability improvements, moving from a net loss to a net income of $636,000 and a record Adjusted EBITDA of $935,000. Operating expenses decreased, and the company ended the quarter with over $10 million in cash and no debt.
Key Highlights
- Total revenue grew 13% to a record $5.52 million for Q1 2026.
- SaaS revenue increased 13% to $5.51 million in Q1 2026.
- Net income improved to $636,000, or $0.03 per diluted share, from a net loss of $318,000.
- Adjusted EBITDA reached a record $935,000, up from ($17,000) in Q1 2025.
- Gross profit as a percentage of revenues improved to 91.0% from 89.7% year-over-year.
- Operating expenses decreased by 5.4% to $4.48 million for Q1 2026.
- Ended the quarter with a cash balance of $10.1 million and no debt.