Intellicheck's Q4 2024: Key Contradictions in Retail Trends, Customer Status, and Sales Strategies
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Intellicheck's Q4 2024 earnings call highlighted key contradictions in retail trends and sales strategies. The company reported record SaaS revenues of $5.9 million, a 17% increase quarter-over-quarter, totaling $19.8 million for the year. Growth was driven by new verticals, including automotive and title insurance. Intellicheck achieved positive adjusted EBITDA of $520,000 and cash reserves of $4.7 million. The company is migrating to AWS for cost savings and investing in AI for enhanced fraud detection.
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