Intellicheck Mobilisa is trading 26.51% down now at $2.76 after its August 13, 2026 earnings disclosure warned that a customer representing approximately 29% of first-half revenue is shifting to a multi-source vendor model.
- Management warned the transition could materially reduce transaction volumes and lowered full-year 2026 revenue expectations.
- The quarter delivered $5.9 million revenue, positive net income, and 91% gross margin, but future-revenue uncertainty overshadowed those results.