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✔ intellicheck V TM Intellicheck Announces First Quarter Fiscal 2021 Financial Results SaaS Revenue Grew 24 % and Totaled $ 2,776,000 MELVILLE , NY - May 4 , 2021 -- Intellicheck , Inc. ( Nasdaq : IDN ) , an industry leader in identification authentication solutions , today announced its financial results for the first quarter ended March 31 , 2021 . SaaS revenue for the first quarter ended March 31 , 2021 grew 24 % and totaled $ 2,776,000 versus $ 2,238,000 in the prior year comparable period . Total revenue for the same period decreased 8 % to $ 2,863,000 versus $ 3,115,000 in the prior year comparable period due to fewer ancillary hardware sales during the quarter versus the prior year . CEO Bryan Lewis said , " In addition to continued growth in our client base , we are seeing current clients employ a variety of new applications for our powerful identity platform . At the same time , we are rapidly advancing in the digital world by offering new and existing clients additional fraud indicators to add to the certainty of person - not - present transactions . " Lewis continued , " Against the backdrop of surging identity theft and fraud , Intellicheck's technology solutions continue to prove their value by demonstrating time and time again that we provide the most certainty in assuring the person on the other side of a transaction is who they say they are . " Gross profit as a percentage of revenues was 92.3 % for the three months ended March 31 , 2021 versus 77.8 % in the prior year comparable period . SaaS revenues represented 97 % of total sales during the quarter . Net loss for the three months ended March 31 , 2021 was $ 1,060,000 or ( $ 0.06 ) per diluted share versus net income of $ 27,000 or $ 0.00 per diluted share for the comparable prior year period . Non cash expenses during the quarter included stock - based compensation primarily related to new hires that totaled $ 981,000 . Adjusted EBITDA ( earnings before gains on debt forgiveness , interest and other income , income taxes , depreciation , amortization , stock - based compensation expense and certain non - recurring charges ) was a loss of ( $ 52,000 ) for the first quarter of 2021 as compared to positive $ 144,000 in the prior year comparable period . A reconciliation of adjusted EBITDA to net ( loss ) income is provided elsewhere in this release .