Intellicheck Mobilisia Down 14.00% To $1.72 After Earnings Miss

Intellicheck Inc (IDN) reported less than expected earnings this afternoon for Q3 2023.

Wall Street earnings per share (EPS) projections for Intellicheck Mobilisia were at a loss of $0.02 per share. The company missed those estimates with an EPS loss of $0.03 per share. The loss of $0.03 per share (which represents a -50% EPS surprise) led to the company's profits rising 25% compared to last year when the firm reported an EPS loss of $0.04 per share. The increase in Intellicheck Mobilisia's annual growth rate represents how the business is performing well amid recent economic conditions.

Analyst projections for Intellicheck Mobilisia revenue came in at a consensus of $4.8 million. Third-Quarter revenues missed estimates for $4.8 million by $60 thousand (1%). The company achieved 19% growth year-over-year compared to the firm's revenue of $4 million from the year-ago quarter. The higher earnings growth relative to revenue signals Intellicheck Mobilisia has improved its profit margin.

The stock is down 14.00% to $1.72 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Intellicheck Mobilisia a Neutral Sentiment Rank from InvestorsObserver.

Intellicheck Mobilisia has performed a little below average during the past few months. Before the report, Intellicheck Mobilisia received a Long-Term Technical Rank by InvestorsObserver of 41, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $1.68 on October 30, 2023 and set a 52-week high on February 8, 2023 at $3.

Intellicheck Inc is a trusted industry leader in technology solutions that stop identity theft and fraud with real-time identification authentication and age verification. The company makes it possible for its clients to increase revenues, improve customer service, and increase operational efficiencies. Under new direction, the company is focused on partnering with banks and credit card issuers and retailers to prevent fraud. It derives revenue through Sales of systems, subscription fees, Sale of software upgrades and extended maintenance programs.