Investors sent Intellicheck shares lower by 12% Thursday morning (Nov. 14) on a slight revenue miss. However, management pointed to potential in the company’s identity verification offerings, particularly in the areas of real estate and banking (and where retail remains a core focus, although that sector has been pressured). By the Numbers

For Intellicheck, the hallmarks of the second quarter are that retail verticals and customers are pressured — but diversification efforts are paying off, and will pay off, over the longer term.On Thursday (Aug. 8), the company posted its latest earnings results that showed total revenues were down 0.9% to $4.7 million. Drilling down into the data, software-as-a-service (SaaS) revenue declined 0.8% and totaled $4.6 million. Net loss improved to $127,000, where it had been $853,000 a year ago.Investors sent the shares down 13% in after-hours trading.Customers in the key retail segment, management noted on the conference call with analysts, are pulling back on spending, particularly on their cards, which is having an impact on transaction volumes and by extension, ID verification, on a “per scan” basis. During the call, management noted that retail bankruptcies and store closings among some of its clients led to 16% volume declines in the quarter, where that decline had been 10% in the first quarter. Within retail, there’s been a bit of bifurcation, with volume gains seen in sporting goods and electronics, but with other retail categories losing ground.But as Bryan Lewis, CEO, said on the call, identity fraud “is not going away” and breaches have been growing by leaps and bounds, with tens of billions of dollars in losses