Filing Flows › Intellicheck (IDN) › Q4 2024
Intellicheck (IDN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Intellicheck (IDN) reported revenue of $5.9M for the fourth quarter 2024 (Q4 2024), +15% from a year earlier and +26% from the quarter before. Operating margin was 7.8%, net earnings $488K (8.2% of revenue).
Intellicheck, Q4 2024: revenue $5.9M (+15% year over year), operating margin 7.8%, net earnings $488K, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9M | +26% | +15% |
| Gross profit | $5.4M | +26% | +10% |
| Operating profit | $466K | — | -45% |
| Net earnings | $488K | — | -50% |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $5.9M in Q4 2024, up 15% year over year and up 26% from the previous quarter.
Gross margin was 91.1%, down 3.8 points from a year earlier. Operating profit was $466K, a 7.8% margin (down 8.6 points year over year). Operating profit fell $383K even though revenue rose $761K versus a year earlier, so costs grew faster than sales. Operating expenses grew 22% against revenue growth of 15%. The fastest-growing cost line was Research & development (+88%). Net earnings were $488K, down 50% year over year. The effective tax rate was 6.0%.
Operating cash flow was −$1.3M. Non-cash charges added back $161K of depreciation and amortization and $34K of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $10K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Intellicheck's revenue in the fourth quarter 2024?
Intellicheck (IDN) reported revenue of $5.9M for the fourth quarter 2024 (Q4 2024), +15% from a year earlier and +26% from the quarter before.
Was Intellicheck profitable in the fourth quarter 2024?
Operating profit was $466K (7.8% of revenue) and net earnings $488K.
Source: Intellicheck 10-K on SEC EDGAR.