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 Q1 2024

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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.

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, Dec. 01, 2023 (GLOBE NEWSWIRE) --   authID Inc.  (Nasdaq: AUID), a leading provider of secure identity verification and authentication solutions, today announced the grant of non-qualified options to purchase 10,000 shares of common stock to one new employee (the “Option”). The Option grant date is December 1, 2023, the exercise price is $9.85 per share and the Option vests in equal thirds, annually over a period of three years, subject to continued employment.  The Option was granted as an inducement to this employee entering into employment in accordance with Nasdaq Listing Rule 5635(c)(4).

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

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.

authID INC. Announces Closing of $9.4 Million Registered Direct Offering

DENVER, Nov. 20, 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 entered into a definitive agreement with investors to sell 1,574,990 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 $6.00. The aggregate gross proceeds from the Offering are expected to be approximately $9.4 million before deducting placement agent fees and other estimated offering expenses.

authID Inc. Announces Pricing of Approximately $9.4 Million Registered Direct Offering

authID Inc. (NASDAQ:AUID ) Q3 2023 Earnings Conference Call November 8, 2023 5:30 PM ET Company Participants Rhon Daguro - CEO Ed Sellitto - CFO Graham Arad - General Counsel Tom Szoke - Founder, CTO Conference Call Participants Graham Arad Greetings, and good evening, everyone. I'm Graham Arad, the authID General Counsel.

authID Inc. (AUID) Q3 2023 Earnings Call Transcript

authID Momentum Drives 300% Increase in Quarter over Quarter Sales Management to Host Conference Call Today at 5:30 p.m. EST DENVER, Nov. 08, 2023 (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 third quarter and nine months ended September 2023.

authID Inc. Reports Financial and Operating Results for the Third Quarter Ended September 30, 2023

Adding best-in-class identity fraud and account takeover prevention with a secure, frictionless customer onboarding and authentication experience

Bieases, an International Fintech Provider, Selects authID to Secure Digital Wallet

Best-in-class identity security delivers the fast, frictionless, and precise user experience that secures digital ecosystems from fraud and ensures they “Know Who's Behind the Device”.

authID Continues to Innovate its Patented Identity Verification Platform with the Launch of Verified 3.8

Conference webcast to follow at 5:30 p.m. EST DENVER, Oct. 30, 2023 (GLOBE NEWSWIRE) -- authID  [Nasdaq: AUID], a leading provider of secure identity verification and authentication solutions, today announced the Company will report financial results for the third quarter ended September 30, 2023 on Wednesday, November 8, after market close.

authID to Report Third Quarter 2023 Financial Results on November 8, 2023

Accreditation reaffirms commitment to managing its biometric identity platform and data assets to the highest internationally recognized security standards

authID Renews ISO 27001:2013 Certification for Information Security Management Systems

Adding best-in-class identity fraud prevention to secure and streamline a global recruitment marketplace. Denver, Oct. 11, 2023 (GLOBE NEWSWIRE) -- authID   (Nasdaq: AUID), a leading provider of innovative biometric identity verification and authentication solutions, and Workforce360 , an international SaaS recruitment platform, today announced that they recently signed an agreement to leverage authID's identity verification services to automate identity document collection and streamline the delivery of trusted candidates to their network of recruitment agents and enterprise customers.

International Recruitment Platform Workforce360 Selects authID's Identity Services for Automated Candidate Onboarding

New sales team secures over $1 Million in aggregate BARR  DENVER, Oct. 04, 2023 (GLOBE NEWSWIRE) --    authID® [Nasdaq: AUID], a leading provider of innovative biometric identity verification and authentication solutions, today announced that it signed new customer contracts preliminarily valued at over $1 million in aggregate Booked Annual Recurring Revenue or BARR (as defined below) during the quarter ended September 30, 2023.  These bookings represent more than four times the highest total gross BARR that authID had previously reported in a single quarter.

authID Momentum Drives 300% Increase in Quarter over Quarter Sales

authID Inc. (NASDAQ:AUID ) Q2 2023 Earnings Conference Call August 10, 2023 5:30 PM ET Company Participants Rhon Daguro - Chief Executive Officer Annie Pham - Chief Financial Officer Graham Arad - General Counsel Tom Szoke - Founder, Chief Technology Officer Conference Call Participants Ricky Solomon - Wilmot David Lerner - Madison Global Partners Operator Hello, and thank you for standing by. Welcome to authID Second Quarter 2023 Earnings Conference Call and webcast.

authID Inc. (AUID) Q2 2023 Earnings Call Transcript

DENVER, Aug. 10, 2023 (GLOBE NEWSWIRE) -- authID® [Nasdaq: AUID] 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, 2023. “In the second quarter, the authID team executed a successful fund raise, debt capitalization, and cost-savings plan that helped improve our balance sheet, allowing us to focus on our mission to eliminate authentication fraud and deliver 100% Zero Trust Identity Protection,” said CEO Rhon Daguro.

authID Reports Financial and Operating Results for the Second Quarter Ended June 30, 2023

Experienced Corporate Finance and Revenue Optimization Executive to Join authID Experienced Corporate Finance and Revenue Optimization Executive to Join authID

authID Announces Ed Sellitto as Incoming Chief Financial Officer

Conference call and webcast to follow at 5:30 p.m. EDT DENVER, July 31, 2023 (GLOBE NEWSWIRE) -- authID  [Nasdaq: AUID], a leading provider of secure identity verification and authentication solutions, today announced the Company will report financial results for the second quarter ended June 30, 2023 on Thursday, August 10 after market close.

authID to Report Second Quarter 2023 Financial Results on August 10, 2023

Passwordless authentication secured and simplified with authID's facial biometric, multi-factor authentication DENVER, CO, July 27, 2023 (GLOBE NEWSWIRE) -- : authID (Nasdaq: AUID), a leading provider of secure identity authentication solutions, and ABM (NYSE: ABM), one of the world's largest providers of facility services and solutions, with over 100,000 employees, announced today that they have signed an agreement to deploy authID's identity authentication solutions to optimize facilities' operations and secure employee access across shared devices. authID's strong biometric authentication services will allow ABM to deploy next-generation security, while delivering a cost-effective and intuitive user authentication experience to critical workforce applications.

authID Empowers ABM To Deploy Passwordless Authentication for Shared Devices Across the Enterprise

DENVER, July 12, 2023 (GLOBE NEWSWIRE) --  -- authID® [Nasdaq: AUID] a leading provider of innovative biometric identity verification and authentication solutions is pleased to announce the appointment of Greg Manship, Dale Daguro, and Jeff Scheidel as Vice Presidents of Sales. This follows the successful completion of our recent fund raising, allowing authID to focus on the execution of its sales strategy and capitalize on the strong demand for secure and reliable biometric authentication solutions.

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