Intellicheck Mobilisa Inc

Intellicheck expects GAAP profitability in fiscal 2026 even as a customer representing about 29% of first-half revenue evaluates a multi-vendor identity verification approach that could lower transaction levels. CEO Bryan Lewis said the customer's traffic shift is "nowhere near" initial concerns, and the customer recently signed another purchase order and indicated intent to transition to Intellicheck's newest API. CFO Adam Sragovicz said if the customer completes its plan, total 2026 revenue would be slightly lower than 2025, but the company still expects positive EBITDA in the second half and GAAP profitability for the year. The company reported second-quarter revenue of $5.9 million, net income of $633,000, and adjusted EBITDA of $1.1 million, with $11.8 million in cash and no debt.