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Noticias de IDN
Eventos de IDN
Intellicheck Partners with Conmitto to Enhance Freight Driver Verification
Intellicheck announced a new partnership with Conmitto, the company behind Dock Optimizer, to help shippers and third-party logistics providers verify drivers before freight leaves the dock. The partnership combines Intellicheck's identity verification technology, which incorporates proprietary analysis of hidden security data in DMV-issued ID barcodes, with Dock Optimizer's appointment scheduling, carrier coordination and driver check-in platform. "The paperwork for a pickup can look right even when the person collecting the freight is not who they claim to be," said Bryan Lewis, CEO of Intellicheck. "Our partnership with Dock Optimizer brings identity verification to the critical exchange point where freight is handed off, without requiring a separate process for the dock team. It also provides shippers a way to apply their identity verification requirements at third-party facilities, extending the reach of our technology into logistics."
Intellicheck Partners with Agility Credit to Combat Identity Fraud
Intellicheck announced a partnership with Agility Credit, an approved automotive credit bureau reseller, that will help automotive dealerships detect identity-related fraud and reduce risk through multi-layered identity prevention. The partnership brings Intellicheck's identity authentication technology together with Agility Credit's single platform for credit data, identity verification, fraud prevention and compliance enforcement.
Intellicheck Signs Major Deployment with Large Investment Management Firm
Intellicheck announced that a recently signed channel partner has secured a major deployment with a large investment management company. Under the deployment, Intellicheck's advanced identity verification technology protects the investment management firm against identity-based fraud. "We continue to see strong momentum from our partnership strategy as a growing number of high-value sectors recognize the need for stronger, real-time identity verification. This deployment with one of the world's leading investment management companies demonstrates both the strength of our channel partnership program and the growing demand for solutions capable of stopping increasingly sophisticated fraud attempts without adding friction to the customer experience. Deployments like this one reflect our broader strategy of expanding into additional verticals, allowing us to capture a greater share of our addressable market while building a more diversified foundation for the business," said Intellicheck CEO Bryan Lewis.
S&P 500 Rises as Oil Prices Fall
The major averages closed broadly higher as oil prices fell and investors digested softer-than-feared inflation data and another slate of corporate earnings reports. Communication services was the best-performing sector in the benchmark index, bolstered by 5% gains out of Netflixas well as strong performance by Telecom Services names. Basic Materials names underperformed however as metals prices continued their range-bound trading in spite of benign inflation data this week.The Fed outlook has become somewhat more favorable for equities following the inflation data and the weak July employment report. Meanwhile, oil prices were down as concerns over global demand and rising U.S. crude inventories offset continued geopolitical risks surrounding Iran and the Strait of Hormuz.In the opening hour of the evening session, S&P 500 e-Minis, Dow Industrials, and Nasdaq 100 futures are trading flat. In commodities, WTI crude oil is just above $81 a barrel.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Eton Pharmaceuticalsup 20.4%Heartflow.up 17.7%Nu Holdingsup 7.5%AudioEye, Inc.up 2.6%ALSO HIGHER -Redditup 11.1% on S&P 500 inclusionDOWN AFTER EARNINGS -Intellicheck, Inc.down 17.9%ARS Pharmaceuticalsdown 13.4%Globant S.A.down 12.7%Applied Materialsdown 4.9%HawkEye 360down 2.8%ALSO LOWER -Birkenstock Holding plcdown 4.4% after equity offering
Intellicheck Q2 Revenue Reaches $5.9M, Exceeds Expectations
Reports Q2 revenue $5.9M, consensus $5.67M. "Our second quarter results reflect the benefits from continued progress on our diversification initiative as we now generate revenue from about 500 customers across 14 segments, both of which are diversified significantly from two years ago when we began these efforts," said Bryan Lewis, President and Chief Executive Officer of Intellicheck. "The momentum in our business was clear as revenue rose 16% year-over-year to a Q2 record of $5.9 million. In addition, our focus on operating discipline has helped drive four consecutive quarters of profitability, and five consecutive quarters of positive adjusted EBITDA which improved $1.0 million compared to the same period last year to $1.1 million."
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