<span item_type="fundamental" item_id="161703a643bc4004813d0b2b28a110ad" counter_id="ST/US/IDN" env="prod"></span><span item_type="announcement" item_id="647650362442194177" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 5.524 M, missing the estimate of USD 5.678 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.03.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 448 K.</p><p></p><h4>Net Income</h4><p>Intellicheck, Inc. reported a net income of $636,000 for the first quarter of 2026, a significant improvement from a net loss of -$318,000 in the same period of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span></p><h4>Gross Profit and Margin</h4><p>Gross profit for the three months ended March 31, 2026, was $5,025,000, increasing from $4,392,000 in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span> Gross profit as a percentage of revenues improved to 91.0% for the first quarter of 2026, up from 89.7% in the same period of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span> Adjusted gross profit was $5,162,000 in Q1 2026, compared to $4,495,000 in Q1 2025, with an adjusted gross profit as a percentage of revenues of 93.4% in 2026 versus 91.8% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span></p><h4>Operating Expenses</h4><p>Total operating expenses decreased by 5.4% to $4,483,000 for the first quarter of 2026, down from $4,740,000 in the corresponding period of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span> Selling, general and administrative expenses were $3,242,000 in Q1 2026, decreasing from $3,453,000 in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span> Research and development expenses were $1,241,000 in Q1 2026, a decrease from $1,287,000 in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span> Non-cash equity compensation expense included in operating expenses was $200,000 in Q1 2026 and $177,000 in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span></p><h4>Operating Profit</h4><p>Income from operations was $542,000 for the first quarter of 2026, significantly improving from an operating loss of -$348,000 in the same period of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span></p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA improved significantly to a record $935,000 for the first quarter of 2026, compared to -$17,000 for the same period of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span></p><h4>Cash and Stockholders’ Equity</h4><p>As of March 31, 2026, Intellicheck, Inc. had cash and cash equivalents of $10,062,000, up from $9,650,000 as of December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span> Total stockholders’ equity amounted to $21,533,000 as of March 31, 2026, compared to $20,697,000 as of December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span></p><h4>Cash Flow from Operating Activities</h4><p>Net cash provided by operating activities was $445,000 for the three months ended March 31, 2026, compared to $750,000 for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span></p><h4>Cash Flow from Investing Activities</h4><p>Net cash used in investing activities was -$33,000 for the three months ended March 31, 2026, compared to -$173,000 for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span></p><h4>Cash Flow from Financing Activities</h4><p>Net cash used in financing activities was $0 for the three months ended March 31, 2026, compared to -$95,000 for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span></p><h4>Outlook</h4><p>Intellicheck, Inc. anticipates that incremental revenue will significantly contribute to the bottom line due to its current operating run rate, indicating strong business model leverage and successful organizational execution.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span> The company concluded the quarter with over $10 million in cash and no debt, reinforcing its confidence in its distinct identity verification platform.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1040896/000104089626000019/idn_q12026pressrelease.htm"></span></p>

Intellicheck | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 5.524 M