Intellicheck Mobilisa Shares Surge 25.4% Amid Optimism Over SaaS Revenues Growth

Intellicheck Mobilisa (IDN) shares rose 25.4% to $6.42 driven by optimism over increased Software as a Service (SaaS) revenues, market diversification strategy, strong customer base, and growth in demand for its identity verification technology. The company is expected to post quarterly earnings of $0.02 per share, up 200% YoY, and revenues of $5.64 million, up 15.3% YoY. The stock has a Zacks Rank #1 (Strong Buy).