Intellicheck Announces Second Quarter Fiscal 2019 Financial Results
Summary
Gross profit as a percentage of revenues was 85.9% for the three months ended June 30, 2019 versus 91.8% in the prior year comparable period. “ I believe our achievements demonstrate that we are a very different company today than when I joined just over one year ago and my sense is we are just scratching the surface as I look at the opportunities for growth in the months to come,” concluded Lewis. 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 second quarter ended June 30, 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. This statement is included for the express purpose of availing Intellicheck, Inc. of the protections of the safe harbor provisions of the PSLRA.