Idn
8/15/2024 07:39pm
Intellicheck, Inc. (IDN) is a technology company that provides on-demand digital and physical identity validation solutions. Here's a detailed analysis:
1. **Recent Financial Performance**:
- IDN reported a net loss of $127,000 and a diluted earnings per share (EPS) of -$0.01 for the quarter ending June 30, 2024.
- The company's total revenue for the same period was $4.67 million, with a year-on-year increase of 85.11%.
|Ticker|Name|Date|Percentage Change|Trading Volume|code|market_code|
|---|---|---|---|---|---|---|
|IDN.O|Intellicheck|20240814|-2.2422|45922|IDN|185|
|Ticker|Name|Date|Total Revenue year-on-year growth rate|Diluted EPS QoQ growth rate|Net Income year-on-year growth rate|code|market_code|
|---|---|---|---|---|---|---|---|
|IDN.O|Intellicheck|20240630|-0.9329940627650551|50|85.11137162954279|IDN|185|
2. **Stock Performance and Analyst Ratings**:
- IDN's stock price decreased by 2.24% to $2.18 on August 14, 2024, with a trading volume of 45,922 shares.
- Analysts have a strong buy rating with a price target of $4, indicating a potential upside from the current price.
3. **Valuation and Financial Metrics**:
- IDN's price-to-earnings (P/E) ratio is -93.39, indicating that the company is not profitable on a per-share basis.
- The company's price-to-sales (P/S) ratio is 2.27, and its price-to-book (P/B) ratio is 2.47.
4. **Debt and Free Cash Flow**:
- IDN does not have any outstanding debt, and its free cash flow for the quarter was not provided.
5. **Recent Developments and Strategic Positioning**:
- Intellicheck announced its financial results for the second quarter of 2024, showing an improvement in revenue but a net loss.
- The company entered into a partnership with Doma Title Insurance to offer a tool for detecting seller impersonation, indicating a strategic expansion into new markets.
In conclusion, Intellicheck is currently not profitable on a per-share basis, but it has shown an increase in revenue and has a strong buy rating from analysts. The company's strategic initiatives, such as the partnership with Doma Title Insurance, suggest potential for growth and diversification.