Intellicheck (IDN) Planet MicroCap Las Vegas 2026 summary

Business overview and market position

• Provides identity verification solutions, processing about half of the adult population in the US and Canada annually.

• Differentiates from competitors by leveraging proprietary access to DMV barcode formats and digital signatures, ensuring high accuracy.

• Maintains a strong competitive moat with exclusive relationships with DMVs and a unique approach to ID validation.

• Serves diverse sectors: banking, retail, automotive, title insurance, background checks, and freight.

• Recognized by IDC as a leader in the identity space.

Financial performance and growth

• Achieved record revenue, operational profitability, and 91% gross profit margin.

• SaaS revenue reached $22.4–$22.6 million, with $10 million in cash, zero debt, and $1.2 million net income.

• Adjusted EBITDA of $2.5 million, with no plans to raise additional capital.

• Net retention rate stands at 111%, with customer expansion and minimal churn.

• Growth driven by both large multi-year deals and rapid onboarding of smaller banks via new no-integration products.

Technology and product innovation

• Offers rapid ID authentication (44 ms) using existing hardware, minimizing customer costs.

• Flexible solutions: barcode scanning, OCR, facial recognition, and document liveness, with modular pricing.

• New Desktop product enables quick deployment for smaller banks, bypassing lengthy integrations.

• APIs, SDKs, and no-integration options support diverse customer needs.

• Exploring new data-driven products and potential industry consortiums for broader fraud detection.