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Intellicheck Mobilisia
(NASDAQ:IDN)
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Rating:65Neutral
Price Target:
$3.00
▲(4.90% Upside)
Action:Reiterated
Date:08/17/26
IDN scores solidly on fundamentals due to the profitability turnaround, very high gross margins, and a conservative, debt-free balance sheet. The score is held back by weak technicals (price below key moving averages with negative momentum) and elevated near-term business risk highlighted on the earnings call, particularly customer concentration uncertainty and potentially moderating operating cash generation.
Positive Factors
High-margin profitability
Sustained gross margins near 90% and five consecutive quarters of positive adjusted EBITDA indicate strong unit economics. If maintained, this profitability gives Intellicheck room to fund product development and absorb moderate revenue volatility.
Negative Factors
Large-customer concentration risk
Dependence on one customer for nearly a third of revenue creates significant renewal and volume risk. A successful multi-vendor transition could reduce transaction activity, weaken revenue visibility, and offset gains from broader customer diversification.
Read all positive and negative factors
Positive Factors
Negative Factors
High-margin profitability
Sustained gross margins near 90% and five consecutive quarters of positive adjusted EBITDA indicate strong unit economics. If maintained, this profitability gives Intellicheck room to fund product development and absorb moderate revenue volatility.
Read all positive factors
Intellicheck Mobilisia (IDN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$57.76M
Dividend YieldN/A
Average Volume (3M)316.87K
Price to Earnings (P/E)18.8
Beta (1Y)1.40
Revenue Growth16.70%
EPS GrowthN/A
CountryUS
Employees38
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.15
Shares Outstanding20,266,743
10 Day Avg. Volume252,607
30 Day Avg. Volume316,871
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)6.31
Price to Sales (P/S)5.76
P/FCF Ratio29.09
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$6.00Price Target Upside109.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.14
Revenue Forecast (FY)$24.55M
Intellicheck Mobilisia Business Overview & Revenue Model
Company Description
Intellicheck, Inc., a technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America. It validates both digital and physical identities for financial services, fintech compa...
How the Company Makes Money
Intellicheck makes money primarily by selling access to its identity verification software and related services to business and government customers. Revenue is generally generated through recurring software/service arrangements (e.g., subscriptio...
Intellicheck Mobilisia Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Neutral
The company reported profitable quarters, strong gross margin (91%), positive adjusted EBITDA, $11.8M cash and no debt, revenue growth in Q2 and across the rest of the customer base, and progress in new verticals and product delivery (Intellicheck Desktop). However, a material customer (~29% of H1 revenue) is undergoing a vendor resiliency/multi-vendor evaluation that creates significant uncertainty around future volumes; some verticals (retail, automotive) showed weakness and management expects cash conversion to moderate. The call combined concrete operational strengths and diversification progress with a meaningful near-term customer-concentration risk that tempers the upbeat operating results.Positive Updates
Quarterly Revenue and Growth
Q2 revenue of $5.9M; management reported Q2 revenue up 7% sequentially and up 16% year-over-year.
Negative Updates
Concentration Risk — Single Large Customer
One customer represented ~29% of revenue in the first half of 2026 and informed the company of a vendor resiliency review; they are evaluating a multi-vendor IDV approach which could negatively affect transaction volumes and introduces material uncertainty.
Read all updates
Q2-2026 Updates
Positive
Negative
Quarterly Revenue and Growth
Q2 revenue of $5.9M; management reported Q2 revenue up 7% sequentially and up 16% year-over-year.
Read all positive updates
Company Guidance
Management's guidance emphasized continued profitability and disciplined cash use: they expect positive adjusted EBITDA in H2 2026 and to be profitable on a GAAP basis for fiscal 2026, with no near‑term capital raises planned; Q2 revenue was $5.9M (management said +7% vs prior year and +16% YoY), gross margin 91%, operating income $573K, net income $633K, and adjusted EBITDA $1.1M (fifth consecutive positive quarter); six‑month revenue was $11.5M, six‑month adjusted EBITDA $2.0M and net income $1.3M, cash from operations H1 $2.2M, cash $11.8M, no debt, AR $2.7M (down from $3.4M), and deferred revenue $1.2M. Management warned a customer that represented ~29% of H1 revenue is evaluating a multi‑vendor approach (vendor resiliency work began late June/early July); they said if that customer implements the reductions disclosed in the 10‑Q, 2026 revenue would be slightly lower than 2025, but to date volumes have not reached that level and, if current trends hold, 2026 revenue could be higher than 2025.Intellicheck Mobilisia Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.11M | 22.67M | 20.00M | 18.91M | 15.97M | 16.39M |
| Gross Profit | 21.75M | 20.30M | 18.17M | 17.53M | 14.69M | 12.88M |
| EBITDA | 3.59M | 2.04M | -449.00K | -1.76M | -3.69M | -7.31M |
| Net Income | 3.14M | 1.27M | -918.00K | -1.98M | -4.16M | -7.48M |
Balance Sheet | ||||||
| Total Assets | 25.57M | 24.48M | 20.93M | 23.81M | 22.45M | 25.71M |
| Cash, Cash Equivalents and Short-Term Investments | 11.84M | 9.65M | 4.67M | 8.98M | 10.08M | 13.65M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.08M | 3.78M | 3.19M | 6.53M | 3.95M | 6.13M |
| Stockholders Equity | 22.49M | 20.70M | 17.75M | 17.28M | 18.50M | 19.58M |
Cash Flow | ||||||
| Free Cash Flow | 2.81M | 4.49M | -2.75M | -1.15M | -3.67M | 454.00K |
| Operating Cash Flow | 2.90M | 4.54M | -2.69M | -647.00K | -3.48M | 1.12M |
| Investing Cash Flow | -92.00K | -265.00K | 2.90M | -414.00K | -5.07M | -662.00K |
| Financing Cash Flow | 457.00K | 708.00K | 485.00K | -155.00K | 97.00K | 76.00K |
Intellicheck Mobilisia Technical Analysis
Negative
2.86
Price Trends
3.73
Negative
4.98
Negative
5.41
Negative
Market Momentum
-0.29
Positive
28.84
Positive
14.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IDN, the sentiment is Negative. The current price of 2.86 is below the 20-day moving average (MA) of 3.35, below the 50-day MA of 3.73, and below the 200-day MA of 5.41, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 28.84 is Positive, neither overbought nor oversold. The STOCH value of 14.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IDN.
Intellicheck Mobilisia Risk Analysis
Intellicheck Mobilisia disclosed 26 risk factors in its most recent earnings report. Intellicheck Mobilisia reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Intellicheck Mobilisia Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $57.76M | 18.80 | 15.02% | ― | 16.70% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $43.18M | -3.25 | -13.83% | ― | 14.63% | 11.10% | |
49 Neutral | $23.85M | -8.19 | -20.72% | ― | -5.53% | -56.77% | |
47 Neutral | $27.48M | -3.09 | -29.65% | ― | 1.75% | -47.10% | |
47 Neutral | $21.34M | -0.58 | -261.36% | ― | -2.01% | 46.24% |
* Technology Sector Average
IDN
Intellicheck Mobilisia
2.84
-2.57
-47.50%
AWRE
Aware
1.23
-1.00
-44.84%
TROO
TROOPS
2.20
1.17
113.59%
PHUN
Phunware
2.11
-0.54
-20.38%
INLX
Intellinetics
5.25
-5.95
-53.13%
PSQH
PSQ Holdings
6.34
-18.56
-74.54%
Intellicheck Mobilisia Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Intellicheck Mobilisia Updates Corporate Governance Bylaws Framework
Neutral
Jul 23, 2026
On July 17, 2026, Intellicheck, Inc.’s Board of Directors approved a comprehensive Second Amended and Restated set of bylaws, marking the first overhaul of its governance framework since August 2007. The revised bylaws modernize corporate pr...
Business Operations and StrategyExecutive/Board Changes
Intellicheck Announces CTO Departure and Leadership Transition
Neutral
Jul 22, 2026
On July 16, 2026, Intellicheck, Inc. disclosed that Chief Technology Officer Jonathan Robins had notified the company of his decision to leave his role for personal family reasons, with his separation becoming effective July 18, 2026. The parties ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.