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Fly News Breaks for August 15, 2018
IDN
Aug 15, 2018 | 07:58 EDT
Oppenheimer analyst Shaul Eyal downgraded Intellicheck to Perform from Outperform, following Q2 results that fell below his revenue estimate. While the analyst believes Intellicheck is making decent progress with its sales reorganization initiatives, these transitions tend to have a lumpy impact on execution, driving revenue unpredictability. The company's shift to a SaaS revenue model, which has exhibited moderated growth in recent quarters, remains impacted by its declining non-SaaS business, he adds.
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