Intellicheck, Inc. (NASDAQ:IDN) is one of the oversold software stocks to buy according to Wall Street analysts.
On May 12, Intellicheck, Inc. (NASDAQ:IDN) announced its Q1 2026 financial results, reporting record quarterly revenue of $5.52 million, up 13% year over year
Virtually all of that revenue, $5.51 million, came from SaaS subscriptions, also up 13% year over year. Adam Sragovicz, the CFO, said on the earnings call that this growth in SaaS revenue underscores how thoroughly the company has transitioned to a recurring revenue model built around its identity verification platform. The platform, which processes identity transactions for close to half the adult population in the US and Canada annually, uses a proprietary analysis of DMV-issued IDs to authenticate identities in under a second with 99.975% accuracy, noted management.
Intellicheck posted diluted EPS of $0.03 for the quarter, which is a substantial swing from the $0.02 loss per share recorded in Q1 2025. Net income came in at $636,000, a flip from a net loss of $318,000 in the same quarter last year. The CFO said that this turnaround was driven by higher revenue and a 5.4% reduction in operating expenses.