Intellicheck Inc. has reported its financial results for the first quarter ended March 31, 2025. The company achieved revenues of $4.894 million, marking an increase from $4.680 million in the same period of 2024. Gross profit for the quarter was $4.392 million, compared to $4.245 million in the previous year, with gross profit as a percentage of revenues standing at 89.7%, slightly down from 90.7% in 2024. Operating expenses, which include selling, general and administrative expenses, as well as research and development expenses, decreased by 1% to $4.740 million compared to $4.768 million in the first quarter of 2024. The company reported a net loss of $318,000, an improvement from a net loss of $442,000 in the prior year's quarter. Intellicheck's CEO, Bryan Lewis, highlighted the company's rapid growth across various sectors including retail banking, title insurance, auto, email account security, background checks, and logistics and shipping. The company remains optimistic about future growth opportunities as new partnerships and organizational revitalization efforts take shape.
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