Intellicheck, Inc. (IDN) Bundle
An Overview of Intellicheck, Inc. (IDN)
General Summary of Intellicheck, Inc. (IDN)
Intellicheck, Inc. is a technology company specializing in identity verification and authentication solutions. Founded in 1994 and headquartered in Melville, New York, the company provides advanced ID validation technologies for various sectors.
Company Products and Services
Intellicheck offers the following key products:
- Mobile and web-based ID authentication platforms
- Age and identity verification solutions
- Fraud prevention technologies
- Real-time ID scanning and validation systems
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $13.4 million |
| Gross Profit | $8.2 million |
| Net Income | ($3.1 million) |
Market Position and Industry Leadership
Intellicheck operates in the identity verification market, which is projected to reach $18.12 billion by 2026. The company serves multiple industries including:
- Retail
- Banking
- Government
- Hospitality
- Cannabis
Key Performance Indicators
| Performance Metric | 2023 Data |
|---|---|
| Customer Base Growth | 15.3% |
| Transaction Volume | 12.7 million |
| Market Share | 4.2% |
Intellicheck continues to position itself as an innovative leader in digital identity verification technologies.
Mission Statement of Intellicheck, Inc. (IDN)
Mission Statement of Intellicheck, Inc. (IDN)
Intellicheck, Inc. (IDN) mission statement focuses on providing advanced identity verification and authentication technologies to enhance security and reduce fraud across multiple industries.
Core Components of Mission Statement
| Component | Specific Focus | Key Metrics |
|---|---|---|
| Identity Verification Technology | Advanced AI-powered authentication systems | 99.9% accuracy rate in document validation |
| Fraud Prevention | Real-time document and identity screening | $4.5 trillion global fraud prevention market |
| Industry Solutions | Multi-sector technological applications | Services across retail, banking, government sectors |
Technology Innovation Focus
- Patent-pending ID authentication technologies
- Machine learning-driven verification algorithms
- Mobile and web-based identification platforms
Market Performance Indicators
Intellicheck's mission is supported by significant market performance metrics:
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $15.3 million |
| R&D Investment | $3.2 million |
| Customer Acquisition Rate | 37% year-over-year growth |
Strategic Technology Capabilities
Key technological capabilities include:
- Age verification systems
- Fraud detection algorithms
- Government-grade ID authentication
- Real-time document validation
Vision Statement of Intellicheck, Inc. (IDN)
Vision Statement of Intellicheck, Inc. (IDN)
Technology Leadership in Identity VerificationIntellicheck, Inc. (IDN) focuses on advanced identity verification technologies with specific market positioning:
| Technology Focus | Market Segment | Key Performance Metrics |
|---|---|---|
| AI-powered ID authentication | Financial Services | 99.9% accuracy rate |
| Mobile ID scanning | Retail/Age Verification | 0.5 second verification time |
Intellicheck's vision encompasses:
- Expand digital identity verification solutions
- Reduce fraud across multiple industries
- Enhance security technologies
| Revenue Target | Growth Projection | Market Penetration |
|---|---|---|
| $25.4 million (2024) | 12-15% annual growth | Expanding in 47 U.S. states |
Key technological vision components include:
- Machine learning enhanced verification
- Real-time biometric authentication
- Cross-platform integration capabilities
Core Values of Intellicheck, Inc. (IDN)
Core Values of Intellicheck, Inc. (IDN) in 2024
Innovation and Technological LeadershipIntellicheck, Inc. demonstrates commitment to innovation through its advanced identity verification technologies.
| R&D Investment | Patent Portfolio | Technology Accuracy |
|---|---|---|
| $3.7 million in 2023 | 12 active technology patents | 99.9% identity verification accuracy |
- Developed AI-powered identity authentication platform
- Continuous investment in machine learning algorithms
- Advanced biometric verification technologies
Intellicheck prioritizes customer satisfaction and service quality.
| Customer Retention Rate | Client Satisfaction Score | Support Response Time |
|---|---|---|
| 87.5% in 2023 | 4.6/5 rating | 2.3 hours average response |
Commitment to regulatory standards and data protection.
- SOC 2 Type II certified
- GDPR and CCPA compliant
- ISO 27001 information security management
| Security Investments | Compliance Audits | Data Protection Measures |
|---|---|---|
| $2.5 million annually | 3 independent audits per year | 256-bit encryption protocols |
Maintaining highest standards of corporate integrity.
- Transparent corporate governance
- Ethical supply chain management
- Diversity and inclusion initiatives
| Board Independence | Diversity Representation | Ethical Reporting Channels |
|---|---|---|
| 75% independent directors | 42% women in leadership | Anonymous whistleblower platform |
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