authID Inc

authID, Inc. engages in the delivery of secure, mobile, and biometric identity solutions. It operates through the following segments: Identity Management and Payment Processing. The Identity Management segment specializes in biometric software products in North America and Africa. The Payment Processing segment offers electronic payment gateway services in South America. The company was founded by Thomas R Snoke on September 21, 2011 and is headquartered in Denver, CO.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

AuthID reports revenue growth, targets authentication fraud elimination

AuthID's Q1 2024 earnings call showcased strong revenue growth and a focus on eliminating authentication fraud.
The company's pipeline includes opportunities in various sectors and a partnership with Equifax to enhance capabilities.
Challenges include the need for funding, transitioning companies to secure authentication methods, and meeting revenue targets.
AuthID's go-to-market strategy and the expanding TAM in the authentication market offer promising growth prospects.

authID Inc reports Q2 growth, focuses on cybersecurity innovation

authID Inc's Q2 2024 earnings call highlighted the company's financial performance, strategic focus on cybersecurity, and commitment to sustainable growth. With total revenue of $0.28 million and a net loss of $3.3 million, authID showcased growth in RPO and ARR, indicating positive momentum.
The company's strengths lie in its ability to detect and protect against deepfake technology, strong channel partner relationships, and emphasis on innovation. While facing challenges in product development and financial management, authID has opportunities to capitalize on market demand and drive revenue growth.
Overall, authID's performance reflects a strategic approach to cybersecurity, financial stability, and market positioning. By addressing challenges, leveraging strengths, and seizing opportunities, authID aims to drive sustainable growth and deliver value to investors and customers.

AuthID Inc reports solid Q3 performance amidst revenue challenges

AuthID Inc demonstrated strong performance in revenue growth, customer acquisitions, and technology enhancements.
While facing challenges with delayed customer implementations, the company remains focused on innovation and market positioning.
Opportunities lie in leveraging biometric authentication technology, expanding in new markets, and enhancing user experience.
Overall, AuthID's strategic approach to sales initiatives and focus on financial services sector position it well for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

authID, Inc. engages in the delivery of secure, mobile, and biometric identity solutions. It operates through the Verified Authentication Business segment. The company was founded by Thomas R Snoke on September 21, 2011 and is headquartered in Denver, CO.

Denver, Nov. 15, 2024 (GLOBE NEWSWIRE) --  authID Inc. (Nasdaq: AUID), a leading provider of secure biometric identity verification and authentication solutions, today announced that the Company granted an option as an inducement to a new employee entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

authID Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

authID Inc. (NASDAQ:AUID ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Graham Arad – General Counsel Rhon Daguro – Chief Executive Officer Ed Sellitto – Chief Financial Officer Conference Call Participants Ricky Solomon – Wilmot Advisors Gary Brode – Deep Knowledge Investing Operator Thank you for standing by. My name is Bella, and I will be your conference operator today.

authID Inc. (AUID) Q3 2024 Earnings Call Transcript

Denver, Oct. 15, 2024 (GLOBE NEWSWIRE) -- authID Inc.  (Nasdaq: AUID), a leading provider of secure identity verification and authentication solutions, today announced that the Compensation Committee of the Company approved the grant of options as an inducement to new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

authID Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

DENVER, Sept. 24, 2024 (GLOBE NEWSWIRE) -- authID Inc.  (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced the appointment of Erick Soto as Chief Product Officer.

authID Appoints Identity Industry Veteran Erick Soto as Chief Product Officer

DENVER--(BUSINESS WIRE)--authID® (Nasdaq: AUID) (“authID”), a leading provider of biometric identity verification and authentication solutions, today released its latest white paper titled “The Spread of Deepfakes and How to Protect Yourself Against Them.” The paper provides a thorough examination of how deepfakes are spawned and continually enhanced, and how they are used for fooling both human and digital channels for committing fraud and other crimes. Technology begets better technology, all.

authID Publishes New White Paper: The Spread of Deepfakes and How to Protect Your Enterprise Against Them

authID Inc. (NASDAQ:AUID ) Q2 2024 Earnings Conference Call August 8, 2024 5:30 PM ET Company Participants Graham Arad - General Counsel Ed Sellitto - CFO Rhon Daguro - CEO Tom Szoke - CTO Conference Call Participants Graham Arad Greetings, and good afternoon. This is Graham Arad, General Counsel at authID.

authID Inc. (AUID) Q2 2024 Earnings Call Transcript

DENVER, Aug. 08, 2024 (GLOBE NEWSWIRE) -- authID®  (Nasdaq: AUID) (“authID”), a leading provider of secure identity verification and authentication solutions, today reported financial and operating results for the second quarter and six months ended June 30, 2024.

authID Reports Financial and Operating Results for the Second Quarter Ended June 30, 2024

authID to stop malicious, generative AI-driven cyberattacks and deepfakes for Kaiasoft.com SaaS clients across America and Europe

authID Inc. Partners with Kaiasoft.com to Elevate Best-In-Class SaaS Applications with Biometric Identity Assurance

Partnership sets new standards in compliance and security, while delivering the fastest, most seamless, and accurate user identity experience available

authID and FinClusive Partner to Integrate Next-Gen Biometric and Financial Crimes Compliance Solutions, Enabling Robust Identity Management

DENVER, June 27, 2024 (GLOBE NEWSWIRE) --  authID Inc. (NASDAQ: AUID) (“authID” or the “Company”), a leading provider of innovative biometric identity verification and authentication solutions, today announced it has closed its previously announced registered direct offering (the “Registered Direct Offering”) with investors to sell 1,464,965 shares of its common stock (the “Shares”). The purchase price for one Share was $7.50 (however, the purchase price for one share if the investor was a director of the Company was $8.16). The aggregate gross proceeds from the Registered Direct Offering were $11,000,000 million before deducting placement agent fees and other estimated offering expenses.

authID Announces Closing of $11,000,000 Million Registered Direct Offering

DENVER, June 26, 2024 (GLOBE NEWSWIRE) --   authID.ai [Nasdaq: AUID], a leading provider of innovative biometric identity verification and authentication solutions, today reported that its Annual Meeting of Shareholders was duly held via webcast today, June 26, 2024 at 10:00 am Eastern Time.

authID Announces 2024 Annual Shareholder Meeting Results

DENVER, June 25, 2024 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ: AUID) (“authID” or the “Company”), a leading provider of innovative biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell 1,464,965 shares of its common stock (the “Shares”), pursuant to a registered direct offering (the “Registered Direct Offering”). The purchase price for one Share will be $7.50 (however, if the Purchaser is a director of the Company, the Per Share Purchase Price will be $8.16). The aggregate gross proceeds from the Registered Direct Offering are expected to be approximately $11,000,000 million before deducting placement agent fees and other estimated offering expenses.

authID Announces Pricing of Approximately $11,000,000 Million Registered Direct Offering

DENVER, May 20, 2024 (GLOBE NEWSWIRE) -- authID®  [Nasdaq: AUID] a leading provider of innovative biometric identity verification and authentication solutions, today announced that its 2024 Annual Meeting of Stockholders will be held virtually on June 26, at 10:00 a.m. EDT.

authID to Hold Annual Meeting of Stockholders on June 26th

authID Inc. (NASDAQ:AUID ) Q1 2024 Earnings Conference Call May 15, 2024 5:30 PM ET Company Participants Graham Arad - General Counsel Ed Sellitto - Chief Financial Officer Rhon Daguro - Chief Executive Officer Tom Szoke - Chief Technology Officer Conference Call Participants George Sutton - Craig-Hallum Alan Sasserath - Sasserath & Co. Graham Arad Greetings, and good afternoon. This is Graham Arad, General Counsel of authID.

authID Inc. (AUID) Q1 2024 Earnings Call Transcript

DENVER, May 15, 2024 (GLOBE NEWSWIRE) -- authID Inc. (Nasdaq: AUID), a leading provider of innovative biometric identity verification and authentication solutions, today reported financial and operating results for the first quarter ended March 31, 2024.

authID Inc. Reports Financial and Operating Results for the First Quarter Ended March 31, 2024

authID to secure leading IAM provider's workforce and customer identity clients across North America from malicious, generative AI-driven cyberattacks

authID Inc. Partners with IDMWORKS to Expand Reach of Its Biometric Identity Platform

Best-in-class identity fraud prevention, coupled with a secure, frictionless user experience  to fortify a revolutionary online notary platform

authID Selected by National Notarial Centralized Verification System For Secure Biometric Identity Assurance

Company adds expert in global business development, and go-to-market growth strategy DENVER, March 26, 2024 (GLOBE NEWSWIRE) -- authID.ai [Nasdaq: AUID], a leading provider of innovative biometric identity verification and authentication solutions, today announced the appointment of Kunal Mehta to its Board of Directors, effective immediately. Mehta, a partner at Bain & Company, adds deep expertise in strategic growth areas targeted by authID: market expansion, go-to-market (GTM) strategy, and operational efficiency.

Leading Biometric Identify Verification & Authentication Firm authID Inc. Appoints Kunal Mehta to its Board of Directors

authID Inc. (AUID) Q4 2023 Earnings Call Transcript

Momentum drives $4 million in signed contract RPO value, a 4,800% increase over 2022 Accelerates realization of the Company's original June 2024 signed contracts bARR target of $3 million by 6 months Management to Host Conference Call Today at 5:30 p.m. EDT DENVER, March 20, 2024 (GLOBE NEWSWIRE) -- authID Inc. (Nasdaq: AUID), a leading provider of innovative biometric identity verification and authentication solutions, today reported financial and operating results for the full year ended December 31, 2023.

authID Inc. Reports Financial and Operating Results for the Fiscal Year Ended December 31, 2023

DENVER, Feb. 22, 2024 (GLOBE NEWSWIRE) -- authID.ai  [Nasdaq: AUID], a leading provider of innovative biometric identity verification and authentication solutions,  today announced that Chairman Joe Trelin has retired from the Company's Board of Directors effective February 20, 2024.

authID Inc. Announces Change to its Board of Directors for Next Phase of Growth

Secures ~$3 Million in Sales Bookings, Strengthens Financial Position, and Expands Innovation DENVER, Jan. 17, 2024 (GLOBE NEWSWIRE) --  authID® [Nasdaq: AUID], a leading provider of innovative biometric identity verification and authentication solutions, today announced the Company experienced record year over year growth in sales of 1,200% for its biometric identity authentication platform. The company also bolstered its financial position by completing financing rounds in May and November 2023, securing a combined $17.6 million in gross proceeds and a debt-to-equity conversion of almost $9 million.

authID Achieves 12x Year Over Year Growth 2x Faster Than Planned

Denver, Jan. 16, 2024 (GLOBE NEWSWIRE) --   authID Inc.  (Nasdaq: AUID), a leading provider of secure identity verification and authentication solutions, today announced that on December 21, 2023 the Compensation Committee of the Company adopted an Inducement Grant Plan (the “Inducement Plan”), and allocated up to 185,000 shares of common stock of the Company (“Shares”) to be subject to option awards under the Inducement Plan (“Options”). The Inducement Plan is intended for the grant of Options as an inducement to new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

authID Announces Adoption of Inducement Grant Plan Under Nasdaq Listing Rule 5635(c)(4)

DENVER, Jan. 04, 2024 (GLOBE NEWSWIRE) -- authID® [Nasdaq: AUID], a leading provider of innovative biometric identity verification and authentication solutions, today announced that it signed new customer contracts with gross Booked Annual Recurring Revenue or bARR (as defined below) preliminarily valued at $1.7 million during the fourth quarter of 2023.  This achievement continues the momentum seen throughout the entirety of 2023, with Q4 bookings representing a 64% increase over the Company's third quarter.

authID Continues Growth Momentum with Strong Q4 Sales

DENVER, Nov. 27, 2023 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ: AUID) (“authID” or the “Company”), a leading provider of innovative biometric identity verification and authentication solutions, today announced it has closed its previously announced registered direct offering (the “Registered Direct Offering”) with investors to sell 1,574,990 shares of its common stock (the “Shares”). The purchase price for one Share in the Registered Direct Offering was $6.00. The aggregate gross proceeds from the Registered Direct Offering were approximately $9.4 million, before deducting placement agent fees and other estimated offering expenses.

News for authID Inc Stock (AUID)