Intellicheck (IDN) Investor presentation summary

Business overview and market position

• Provides a SaaS-based identity validation and proofing service using proprietary analysis of DMV-issued IDs for real-time verification.

• Recognized as a Leader in the IDC MarketScape 2025 for worldwide identity verification in financial services.

• Serves major sectors including auto, financial services, real estate, retail, and corporate onboarding.

• Technology integrates easily with existing hardware and workflows, requiring no new costly equipment.

• Five of the largest 12 banks and two leading credit card issuers are clients, along with major law enforcement agencies.

Financial performance and growth

• Q3 2025 net revenue reached $6.0M, a 28% increase year-over-year; SaaS revenue was $5.9M, up 26%.

• Gross margin remained strong at 91%, with net income turning positive at $290K and adjusted EBITDA at $631K.

• Cash and short-term investments totaled $7.2M with no debt as of September 30, 2025.

• Stockholders' equity stood at $18.9M; institutional holdings accounted for 49% of shares.

• Positive adjusted EBITDA is anticipated for 2025, supporting significant operating leverage.

Market trends and customer impact

• U.S. fraud losses reached $27B in 2024, with 15 million people affected and $16B in account takeover fraud.

• 29% of identity fraud attributed to new account creation; 79% of auto dealerships experienced identity fraud losses.

• Accurate ID validation is critical, as over 250 unique ID encryptions exist across North America.

• Customers use the platform to meet AML/KYC requirements and prevent fraud in real time.

• High customer retention with a positive net revenue retention (NRR) of 28%.