Intellicheck, Inc. Common Stock

**Revenue side**
- Revenue grew by 17.6% year-over-year to $4.72 million in Q2 2023.

- SaaS revenue grew by 19% year-over-year. The hardware segment declined by 1% year-over-year.

**Margin side**
- Gross margin improved to 92.5% in Q2 2023 from 90.9% in Q2 2022.

- EBITDA was positive for the first time in Q2 2023, with a profit of $36,000.

- This was a significant improvement from the EBITDA loss of $583,000 in Q2 2022.

- Pay per scan was $0.92 in Q2 2023, up from $0.87 in Q1 2023. (It manage to increase prices, as it promised)

- There are some signs of operating leverage playing out. For example, the gross margin improved even though revenue grew at a slower rate.
- 9M Cash in balance sheet, zero debt

I have a position.

$IDN Q2 2023 results | Growth is subdued, but adj. EBIDTA positive

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