Intellicheck Mobilisa is trading 17.32% down in pre-market at $3.10 after management warned full-year 2026 revenue could decline below 2025 levels if a major customer transition proceeds.

  • The August 13, 2026 earnings call highlighted the customer’s potential volume reduction.
  • Second-quarter revenue reached $5.9 million; net income turned positive, and adjusted EBITDA remained positive.
  • The outlook risk appears to outweigh the earnings beat.