- Intellicheck turned in a great Q3'20 financial performance with 40% YoY revenue growth in spite of the pandemic. SaaS revenue growth was 57%.
- The company provides ID authentication for both in-person and person-not-present, meaning that the end to the pandemic won't hamper revenue growth.
- The stock appears to be extremely undervalued relative to other digital transformation stocks. The company also has an exceptional forward-looking Rule of 40 score.
- I'm giving Intellicheck a very bullish rating, the first such rating that I have given in quite some time.
- This investment does come with risks, including lack of customer diversification and potential longer-term competition from eDocuments on mobile.
For further details see:
Intellicheck: Identity Fraud Doesn't End With The Pandemic