Intellicheck, Inc. (NASDAQ:IDN) Q3 2023 Earnings Call Transcript

A – Bryan Lewis: At this point in time, not yet. But we do look at it as doing a number of things. One is, certainly strengthening the existing product. But we have talked to many of our existing clients about it and they have all said that they would find it highly valuable. So we continue to work with them. Our first step is to get the data light going. We’ve got a data scientist who’s coming onboard who can help us make a lot of sense of it. We’ve already figured out a few things that we know we can already do. But I think you get somebody who really knows how to sift through the information, it’s going to be even better. But certainly that’s the thing that we’re focusing on in early 2024, is to make sure that we get that plan in place. And again, it’s going to be done in collaboration with our clients.

Daniel Hibshman : Thanks for those thoughts. And then just on the cost reductions with moving cloud providers, any thoughts on the potential cost reductions there, what that amounts to?

A – Bryan Lewis: You mean moving off of – well, you mean the cloud providers? Like, yeah. I’d say that my CTO and Head of DevOps are promising me the sun and the moon. But I would expect something on the order of at least 20%.

Daniel Hibshman : Thanks for that, and that’s all I had. Thanks.

A – Bryan Lewis: Thank you.

Operator: We have no further questions at this time. I would like to turn the floor back over to Bryan Lewis for closing comments.

Bryan Lewis : So, thank you all for joining us today. Hopefully, as you can see, we’re focused on making changes, positioning resources, and growing our market presence and penetration. I think all of our efforts reflect a common theme. We’re continuing to work with new and existing clients to expand the ways we can stop identity theft with our proven technology solutions, right. And in addition to that, showing them how we can help them acquire more customers faster, right. And we think between the two of those things, the best is yet to come as we solidify our reputation as an industry leader in both physical and digital identity. So with that, thank you and good night.

Operator: That concludes today’s conference. Thank you for joining us. You may now disconnect your lines.