Intellicheck Mobilisa, Inc. (IDN) saw its shares rise 25.4% to $6.42 during the last trading session, driven by significant trading volume. This increase contrasts with a 5.4% gain in the stock over the prior four weeks. The company’s optimism is largely attributed to growth in Software as a Service (SaaS) revenues and demand for its identity verification technology.
In its upcoming quarterly report, Intellicheck is projected to post earnings of $0.02 per share, representing a year-over-year increase of 200%, with expected revenues of $5.64 million, up 15.3% from last year. The consensus earnings per share estimate has been revised 266.7% higher in the last month, indicating strong market confidence.
