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IDN on Nasdaq

Intellicheck, Inc.

Intellicheck, Inc. is an American prepackaged software services company based in Port Townsend.2 Its shares trade on Nasdaq under the symbol IDN.2

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Last updated Oct 21, 2026.

Overview

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  • TickerIDN on Nasdaq2
  • IndustryServices-Prepackaged Software2
  • HeadquartersPort Townsend, United States2
  • Incorporated inDE3
  • Business address200 Broadhollow Road, Suite 207, Melville, Ny 117473
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI5493008ZZ7W6MQKLKS232
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 30846572

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We originally were incorporated in the state of New York in 1994 as Intelli-Check, Inc. In August 1999, we reincorporated in Delaware. On March 14, 2008, our corporation was renamed Intelli-Check - Mobilisa, Inc. after the consummation of the merger with Mobilisa, Inc. (“Mobilisa”) (references to “Intelli-Check” in this annual report refer to the Company prior to the merger with Mobilisa). At the closing of the merger, our headquarters were moved to Mobilisa’s offices in Port Townsend, Washington. On October 27, 2009, we made a further change in our name to Intellicheck Mobilisa, Inc. On May 4, 2017, with the approval of our shareholders, we changed our name to Intellicheck, Inc. (“Intellicheck,” “we,” “our,” “us,” or “the Company”). On August 31, 2009, the Company acquired 100% of the common stock of Positive Access Corporation (“Positive Access”), a developer of driver's license readin…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

90.4%Gross margin5
4.8%Operating margin5
5.6%Net margin5
13.3%Revenue growth, 20255
6.2%Return on equity5
$4.5MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Software As A Service (SaaS) brought in 99% of the revenue Intellicheck, Inc. broke down this way in fiscal 2025.

  1. Software As A Service (SaaS)$22.4M599%up 13% from 2024
  2. Other$211.0K51%up 235% from 2024
  3. Equipment$19.0K50%down 85% from 2024
Products and services by year
Products and services20242025
Software As A Service (SaaS)$19.8M$22.4M
Other$63.0K$211.0K
Equipment$124.0K$19.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue9¢$2.2M
  • Research and development23¢$5.3M
  • Selling, general and admin62¢$14.1M
  • Income tax0¢$58.0K
  • Profit6¢$1.3M

Out of $22.7M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending1¢$52.0K
  • Kept or used elsewhere99¢$4.5M

Out of $4.5M of cash from operations.5

Financial statements

Revenue6789105$22.7M in 2025+196% since 2019
0$10.0M$20.0M$30.0M2019: $7.7M$7.7M20192020: $10.7M$10.7M2020+40%2021: $16.4M$16.4M2021+53%2022: $16.0M$16.0M2022−3%2023: $18.9M$18.9M2023+18%2024: $20.0M$20.0M2024+6%2025: $22.7M$22.7M2025+13%
Gross profit6789105$20.5M in 2025+207% since 2019
0$10.0M$20.0M$30.0M2019: $6.7M$6.7M20192020: $9.3M$9.3M2020+40%2021: $12.9M$12.9M2021+38%2022: $14.7M$14.7M2022+14%2023: $17.5M$17.5M2023+19%2024: $18.2M$18.2M2024+4%2025: $20.5M$20.5M2025+13%
Operating income6789105$1.1M in 2025
-$7.5M-$5.0M-$2.5M0$2.5M2019: -$2.6M-$2.6M20192020: -$3.3M-$3.3M2020+25%2021: -$7.5M-$7.5M2021+127%2022: -$4.0M-$4.0M2022−46%2023: -$2.3M-$2.3M2023−44%2024: -$1.2M-$1.2M2024−49%2025: $1.1M$1.1M2025
Net income6789105$1.3M in 2025
-$7.5M-$5.0M-$2.5M0$2.5M2019: -$2.5M-$2.5M20192020: -$2.5M-$2.5M2020−3%2021: -$7.5M-$7.5M2021+201%2022: -$4.2M-$4.2M2022−44%2023: -$2.0M-$2.0M2023−52%2024: -$918.0K-$918.0K2024−54%2025: $1.3M$1.3M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
REVENUES$22.7M$20.0M
COST OF REVENUES-$2.2M-$1.8M
Gross profit$20.5M$18.2M
Selling, general and administrative$14.1M$15.5M
Research and development$5.3M$3.9M
Total operating expenses$19.4M$19.3M
Income (loss) from operations$1.1M-$1.2M
Other income, net$245.0K$283.0K
Total other income, net$245.0K$283.0K
Net income (loss) before provision for income taxes$1.3M-$885.0K-$2.0M
Provision for income taxes$58.0K$33.0K
Net loss$1.3M-$918.0K
Basic (in dollars per share)$0.07-$0.05
Diluted (in dollars per share)$0.06-$0.05
Basic (in shares)19.5M shares19.3M shares
Diluted (in shares)20.2M shares19.3M shares

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Corporate structure

Intellicheck, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Intellicheck, Inc.

  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Intellicheck, Inc., latest Jul 31, 2026 (2 filings since Apr 28, 2026)
  • BlackRock Filed SCHEDULE 13G on Intellicheck, Inc., latest Jul 28, 2026
  • Orin Hirschman Filed SCHEDULE 13G/A on Intellicheck, Inc., latest Jul 27, 2026 (5 filings since Apr 9, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Intellicheck, Inc., latest Mar 27, 2026 (2 filings since Jan 30, 2026)
  • Topline Capital Management, LLC Filed SCHEDULE 13G/A on Intellicheck, Inc., latest Feb 13, 2026 (5 filings since Sep 5, 2023)
  • HERALD INVESTMENT MANAGEMENT Ltd Filed SCHEDULE 13G/A on Intellicheck, Inc., latest Nov 3, 2025 (2 filings since Feb 16, 2024)
  • Clear Harbor Asset Management, LLC Filed SCHEDULE 13G/A on Intellicheck, Inc., latest May 15, 2025 (5 filings since Jan 21, 2022)
  • Bleichroeder LP Filed SCHEDULE 13G/A on Intellicheck, Inc., latest Mar 21, 2025 (2 filings since Feb 14, 2022)
  • WASATCH ADVISORS LP Filed SC 13G/A on Intellicheck, Inc., latest Apr 7, 2022 (2 filings since Feb 11, 2022)
  • Intellicheck, Inc. Port Townsend, Washington, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Intellicheck, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.8M5 Dec 31, 2025$2.7M5 Dec 31, 2024+1.9%
Accumulated depreciation$2.4M5 Dec 31, 2025$2.2M5 Dec 31, 2024+9.0%
Property and equipment, net$394.0K5 Dec 31, 2025$536.0K5 Dec 31, 2024−26.5%
Operating-lease assets (leased space)$05 Dec 31, 2025$010 Dec 31, 2024

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.7M5 Dec 31, 2025$4.7M5 Dec 31, 2024+106.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$8.1M5 Dec 31, 2025$8.1M5 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$2.1M5 Dec 31, 2025$2.4M5 Dec 31, 2024−12.5%
Finite-lived intangibles, gross$3.4M5 Dec 31, 2025$3.2M5 Dec 31, 2024+6.6%
Accumulated amortization$1.4M5 Dec 31, 2025$856.0K5 Dec 31, 2024+59.5%
Finite-lived intangibles, net$2.1M5 Dec 31, 2025$2.4M5 Dec 31, 2024−12.5%

Properties, in its own words

Our corporate headquarters currently is located in Melville, New York, where we occupy approximately 135 square feet of office space pursuant to a month-to-month lease. While all personnel currently operate out of their individual home offices throughout the country, this facility is primarily used for periodic, necessary in-person meetings. We believe that our existing facility is adequate to meet current requirements and that additional or substitute space will be available as needed to accommodate any expansion of operations.

Item 2 of the 10-K filed Mar 19, 2026.4

Leadership

Who has led Intellicheck, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Frank Mandelbaum2006–2007
  2. Todd Liebman2007
  3. Jeffrey Levy2007
  4. Nelson D. Ludlow2008–2011
  5. William H. Roof2014–2017
  6. Bryan Lewis2018–now

Chair

  1. Frank Mandelbaum2006–2007
  2. Jeffrey Levy2007–2008
  3. John W. Paxton Sr.2009

President

  1. William H. Roof2014–2017
  2. Bryan Lewis2018–2021
  3. Garrett Gafke2021–2023

Chief financial officer

  1. Edwin Winiarz2006
  2. Frank Mandelbaum2006
  3. Peter J. Mundy2007–2011
  4. Jeffrey Ishmael2022–2024
  5. Adam Sragovicz2024–now

Chief operating officer

  1. William H. Roof2014
  2. Jeffrey Ishmael2023–2024
2010201520202025
Board members and other officers (27)

Former names

  • Intellicheck Mobilisa, Inc.May 27, 2010 to May 25, 20173
  • Intelli Check Mobilisa, IncMar 20, 2008 to May 27, 20103
  • INTELLI CHECK INCNov 1, 1999 to Mar 19, 20083

Timeline

  1. Aug 13, 20268-K Results of operations54
  2. Jul 23, 20268-K Bylaws or fiscal year changed55
  3. Jul 22, 20268-K Executive or director change56
  4. May 12, 20268-K Results of operations57
  5. May 11, 20268-K Shareholder vote58
  6. Mar 19, 20268-K Results of operations59
  7. Nov 12, 20258-K Results of operations60
  8. Aug 19, 20258-K Regulation FD disclosure61
  9. Aug 12, 20258-K Results of operations62
  10. May 21, 20258-K Regulation FD disclosure63
  11. May 13, 20258-K Results of operations64
  12. May 9, 20258-K Shareholder vote65
  13. Feb 26, 2018New chief executive Bryan Lewis becomes CEO13
  14. Oct 24, 2014New chief executive William H. Roof becomes CEO14
  15. Mar 26, 2008New chief executive Nelson D. Ludlow becomes CEO15
  16. Aug 14, 2007New chief executive Jeffrey Levy becomes CEO17
  17. Jun 20, 2007New chief executive Todd Liebman becomes CEO16
  18. Jun 30, 2006New chief executive Frank Mandelbaum becomes CEO18
  19. Aug 17, 1999Founded Intellicheck, Inc. is founded2

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.01 a share, on Nov 12, 2025.66

When it reported results

  1. Aug 13, 2026Reported quarterly or annual results54
  2. May 12, 2026Reported quarterly or annual results57
  3. Mar 19, 2026Reported quarterly or annual results59
  4. Nov 12, 2025Reported quarterly or annual results60
  5. Aug 12, 2025Reported quarterly or annual results62
  6. May 13, 2025Reported quarterly or annual results64
  7. Mar 26, 2025Reported quarterly or annual results67
  8. Nov 13, 2024Reported quarterly or annual results68

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

360 filings to the SEC since October 2021: 7 annual reports, 18 quarterly reports, 48 major events, 226 insider forms, 26 large holders, 35 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Oct 13, 20264 EDGAR
  3. Oct 13, 20264 EDGAR
  4. Oct 13, 20264 EDGAR
  5. Aug 26, 2026144 EDGAR
  6. Aug 24, 2026144 EDGAR
  7. Aug 13, 202610-Q EDGAR
  8. Aug 13, 20268-K EDGAR
  9. Jul 31, 2026SCHEDULE 13G/A EDGAR
  10. Jul 28, 2026SCHEDULE 13G EDGAR
  11. Jul 27, 2026SCHEDULE 13G/A EDGAR
  12. Jul 23, 20268-K EDGAR
  13. Jul 22, 20268-K EDGAR
  14. Jul 17, 20264 EDGAR
  15. Jul 17, 20264 EDGAR
  16. Jul 17, 20264 EDGAR
  17. Jul 17, 20264 EDGAR
  18. Jun 16, 20264 EDGAR
  19. Jun 15, 2026144 EDGAR
  20. May 12, 202610-Q EDGAR

The 360 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

84 open-market trades by officers, directors and large owners since October 2021: 69 buys and 15 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 15, 2026Robins JonathanChief Technology OfficerSale5,550$4.22$23.4KForm 4
Apr 27, 2026Lewis BryanCEO/PresidentSale10,000$8.05$80.5KForm 4
Apr 20, 2026Lewis BryanCEO/PresidentSale10,000$8.51$85.1KForm 4
Apr 13, 2026Lewis BryanCEO/PresidentSale10,000$7.95$79.5KForm 4
Apr 6, 2026Lewis BryanCEO/PresidentSale10,000$7.53$75.3KForm 4
Nov 25, 2025Smith Guy LDirectorBuy1,000$6.18$6.2KForm 4
May 23, 2025Smith Guy LDirectorBuy2,500$3.73$9.3KForm 4
May 22, 2025Braca GregoryDirectorSale7,703$4.33$33.4KForm 4
May 22, 2025Braca GregoryDirectorSale48,297$3.89$187.9KForm 4
Sep 13, 2024Smith Guy LDirectorBuy1,000$2.01$2.0KForm 4
Sep 11, 2024Sragovicz AdamChief Financial OfficerBuy10,000$2.02$20.2KForm 4
Sep 10, 2024Lewis BryanCEO/PresidentBuy1,400$2.07$2.9KForm 4
Sep 9, 2024Lewis BryanCEO/PresidentBuy9,500$2.09$19.9KForm 4
Sep 9, 2024Lewis BryanCEO/PresidentBuy9,500$2.09$19.9KForm 4
Aug 27, 2024Ishmael JeffreyCFO, COOSale5,151$2.28$11.8KForm 4
Aug 26, 2024Ishmael JeffreyCFO, COOSale4,179$2.25$9.4KForm 4
Aug 23, 2024Ishmael JeffreyCFO, COOSale13,524$2.26$30.6KForm 4
Aug 22, 2024Ishmael JeffreyCFO, COOSale19,300$2.29$44.2KForm 4
Jun 14, 2024Ishmael JeffreyCFO, COOSale1,279$3.40$4.3KForm 4
Jun 13, 2024Ishmael JeffreyCFO, COOSale26,499$3.69$97.9KForm 4

All 84 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Bryan Lewis63$412.0K$741.3K78
2025Adam Sragovicz56$357.5K$581.6K78
2025Jonathan Robins64$300.0K$461.2K78
2024Chief Executive Officer and President$427.7K$1.1M78
2024Chief Technology Officer$306.2K$422.7K78
2024Chief Financial Officer$149.0K$277.4K78

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 84. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Bleichroeder LP2,056,343$8.4M1.5%−17,240
BlackRock, Inc.1,023,054$4.2M0.0%+917,715
Vanguard Capital Management LLC811,020$3.3M0.0%−111,817
Clear Harbor Asset Management, LLC497,029$2.0M0.1%−15,500
Essex Investment Management Co LLC488,164$2.0M0.3%−49,678
Geode Capital Management, LLC485,970$2.0M0.0%+221,514
Marshall Wace, Llp473,127$1.9M0.0%−72,255
Arrowstreet Capital, Limited Partnership383,814$1.6M0.0%+332,205
Renaissance Technologies LLC300,100$1.2M0.0%−185,735
HERALD INVESTMENT MANAGEMENT Ltd300,000$1.2M0.2%−519,816
Two Sigma Investments, LP254,763$1.0M0.0%+31,605
Wilkinson Global Asset Management LLC246,770$1.0M0.1%+4,292
State Street Corp214,855$880.9K0.0%+105,050
Legato Capital Management LLC158,312$649.1K0.1%−9,726
Citadel Advisors LLC157,955$647.6K0.0%+62,961
Northern Trust Corp148,331$608.2K0.0%+105,364
Vanguard Fiduciary Trust Co140,366$575.5K0.0%+18,231
Goldman Sachs Group Inc130,922$536.8K0.0%+84,580
Vanguard Portfolio Management LLC126,544$518.8K0.0%New
Susquehanna International Group, Llp122,959$504.1K0.0%+85,697
Squarepoint Ops LLC120,977$496.0K0.0%+8,453
Ashton Thomas Private Wealth, LLC116,154$476.2K0.0%No change
Bridgeway Capital Management, LLC112,531$461.4K0.0%+3,200
Jane Street Group, LLC99,046$406.1K0.0%+9,046
Sei Investments Co82,535$338.4K0.0%−92,675

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Intellicheck, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARIntellicheck, Inc.1
  • CIK0001040896
  • Employer ID (EIN)11-32347794
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address200 Broadhollow Road, Suite 207, Melville, NY 117471
  • Phone516-992-19001
  • Shares outstanding20,266,743 as of Aug 13, 202612
  • Public float$68.0M as of Jun 30, 20254
  • AuditorForvis Mazars, LLP, Tysons, Virginia PCAOB ID 686; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceSep 24, 19991
  • Filings1,283 in all: 4 (642), 8-K (177), 10-Q (75), SC 13G/A (46), 3 (35), SC 13G (35), DEF 14A (30), 10-K (25)1
    All 51 form types

    144 (20), SC 13D/A (17), 4/A (14), PRE 14A (13), 424B5 (12), S-3/A (11), S-8 (11), SCHEDULE 13G/A (10), CORRESP (9), S-3 (9), UPLOAD (9), 8-K/A (8), EFFECT (7), 10-Q/A (6), 10QSB (6), 10-K/A (5), 3/A (5), 424B3 (5), DEFA14A (4), SC 13D (4), SCHEDULE 13G (4), 10KSB (2), 424B1 (2), 8-A12B (2), FWP (2), PRER14A (2), S-1/A (2), SB-2/A (2), 10KSB/A (1), 144/A (1), 25 (1), 5 (1), 8-A12G (1), CERT (1), CT ORDER (1), DEFR14A (1), NT 10-Q (1), REGDEX/A (1), RW (1), S-1 (1), S-2 (1), S-2/A (1), SB-2 (1)

  • Latest filingsAnnual report (10-K) Mar 19, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Aug 13, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par valueIDNNASDAQ

From the cover page of the 10-K filed Mar 19, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Intellicheck, Inc. names in Item 1A of its 10-K filed Mar 19, 2026: 25 risks under these headings, as written.4

  • Risks Related to Our Business and Industry (All dollar amounts are rounded to thousands, except per share data)
  • Although we achieved profitability for the fiscal year ended December 31, 2025, we have a history of operating losses, and we cannot provide assurance that we will maintain profitability.
  • Our proprietary software relies on reference data provided by government and quasi-government agencies. If these governmental and quasi-government agencies were to stop sharing data with us, the utility of our proprietary software would be diminished in those jurisdictions and our business would be damaged.
  • Disruptions at federal governmental agencies that we interact with, due to a reduction in workforce and/or inadequate funding, could prevent such agencies from performing normal functions on which our business relies, which could negatively impact our business.
  • Our business strategy exposes us to long sales and implementation cycles for our products.
  • The industry for our systems and software is evolving and its growth is uncertain.
  • Failure to manage our operations if they expand could impair our future growth.
  • Failure to protect our proprietary technology may impair our competitive position.
  • If our future products incorporate technologies that infringe the proprietary rights of third parties, and we do not secure licenses from them, we could be liable for substantial damages.
  • Failure to attract and retain management and other personnel may damage our operations and financial results and cause our stock price to decline.
  • We incur significant accounting and other control costs that impact our financial condition.
  • Failure to maintain effective internal control over our financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act could cause our financial reports to be inaccurate.
The other 13 risks
  • We rely on third-party mobile operating systems and hardware ecosystems that are outside our control.
  • We rely on third-party service providers and cloud infrastructure to host our platform and process data; a cybersecurity breach, supply chain attack, or service disruption at these third parties could expose us to significant liability and disrupt our business.
  • We are subject to risks associated with product failure and technological flaws.
  • We may not be able to keep up with rapid technological change.
  • A significant portion of our revenues is concentrated among a limited number of customers, and the loss or reduced usage of our products by one or more of these customers could materially adversely affect our results of operations.
  • We are subject to risks related to data privacy and the storage of biometric information.
  • We are subject to regulation and other legal obligations relating to data privacy and protection. Compliance with these requirements is complex and costly. The actual or perceived failure to comply with such obligations could materially harm our business.
  • Rapid advancements in generative artificial intelligence ("AI") and "deepfake" technology could render our identity verification solutions less effective.
  • Our significant deferred tax assets are subject to a full valuation allowance, and changes in our assessment could materially affect our reported results.
  • Risks Related to Our Common Stock and the Market for Our Common Stock
  • Our share price may be volatile and could decline substantially.
  • We may need to raise additional capital in the future, which may not be available to us on terms that are favorable to us, or at all, and could cause dilution to our existing stockholders
  • Because we do not intend to pay dividends on our Common Stock, stockholders will benefit from an investment in our stock only if it appreciates in value.
  • The Company's cash and cash equivalents could be adversely affected by bank failures or other events affecting financial institutions and could adversely affect our liquidity and financial performance.

Legal proceedings

We currently are not involved in any legal or regulatory proceeding, or arbitration, the outcome of which is expected to have a material adverse effect on our business.

The Company received a class action complaint on January 8, 2026 alleging that the Company collected biometric information from users in Illinois in violation of the Illinois Biometric Information Privacy Act, 740 ILCS 14/1 et seq. (“BIPA”). The Company is not able to fully assess the probability and outcome of the matter due to the need to conduct further investigation. However, it does not currently believe that a material loss is probable nor estimable. As such, the Company has not recognized a liability and intends to fully defend the matter.

The opening of Item 3, Legal Proceedings.4

Sources

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