Intellicheck (ticker: IDN) Investment case IDN is a company that specializes in software to verify identification documents. They use their relationship with regulators to have access to an encrypted code behind identification documents. Through this process the company reaches the highest efficacy rate in the industry. Access to the encrypted code also gives IDN a cost advantage in comparison to competitors. Previously, the company mainly marketed this service to government bodies. However, since a couple of years IDN has begun to provide their services to financial institutions. The excellent efficacy rate of IDN’s identification document verification provides financial institutions with a higher fraud detection rate than other verification services and thereby adds value for these financial institutions through higher loss savings in credit applications. The company is still relatively unknown but has high profit margins and has many opportunities for considerable growth . Due to IDN’s competitive advantages we expect the company to have a long runway of growth. Due to these factors we do think that the company is undervalued and we expect an annual return of around 25% year over year in the coming five years.
Intellicheck (IDN,NDQ) - an unnoticed treasure
Intellicheck (IDN,NDQ) - an unnoticed…
Intellicheck (IDN,NDQ) - an unnoticed treasure
Intellicheck (ticker: IDN) Investment case IDN is a company that specializes in software to verify identification documents. They use their relationship with regulators to have access to an encrypted code behind identification documents. Through this process the company reaches the highest efficacy rate in the industry. Access to the encrypted code also gives IDN a cost advantage in comparison to competitors. Previously, the company mainly marketed this service to government bodies. However, since a couple of years IDN has begun to provide their services to financial institutions. The excellent efficacy rate of IDN’s identification document verification provides financial institutions with a higher fraud detection rate than other verification services and thereby adds value for these financial institutions through higher loss savings in credit applications. The company is still relatively unknown but has high profit margins and has many opportunities for considerable growth . Due to IDN’s competitive advantages we expect the company to have a long runway of growth. Due to these factors we do think that the company is undervalued and we expect an annual return of around 25% year over year in the coming five years.