Intellicheck Announces First Quarter Financial Results
Summary
Gross profit as a percentage of revenues was 85.0% for the three months ended March 31, 2019 versus 90.5% in the prior year comparable period. We have realized what I believe are solid growth numbers for the quarter as we continue to move on several fronts to strengthen and grow our position. The financial results reported today do not take into account any adjustments that may be required in connection with the completion of the Company’s review process and should be considered preliminary until Intellicheck files its Form 10-Q for the first quarter ended March 31, 2019. We believe that these limitations are compensated by providing Adjusted EBITDA only with GAAP net loss and clearly identifying the difference between the two measures. 20192018 Net loss $ (1,212,991) $ (1,067,957) Reconciling items: Interest and other income (6,019) (13,870) Depreciation and amortization 62,110 59,150 Stock-based compensation expense 369,739 60,708 Adjusted EBITDA $ (787,161) $ (961,969) About Intellicheck NYSE American: IDN