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. 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.

authID Hires Sales Leaders to Drive Biometric Identity Verification and Authentication Growth

DENVER, July 07, 2023 (GLOBE NEWSWIRE) --  authID® [Nasdaq: AUID] (the “Company”) a leading provider of innovative biometric identity verification and authentication solutions today announced that effective before market open on July 10, 2023 it will complete a 1-for-8 reverse stock split of its common stock (“Reverse Stock Split”).

authID Announces Reverse Stock Split Effective Monday July 10, 2023

Denver, June 26, 2023 (GLOBE NEWSWIRE) --   authID® [Nasdaq: AUID] a leading provider of secure identity authentication solutions today reported that its Annual Meeting of Shareholders was duly held via webcast today, June 26 at 10:00 am Eastern Time.

authID Announces 2023 Annual Meeting Results

authID to Continue Efforts to Eliminate Authentication Fraud and Deliver 100% Zero Trust Iden ti ty Protection on the Internet

authID INC. Announces Closing of $8.2 Million Concurrent Registered Direct Offering and Private Placement led by Existing Shareholders and $8.9 Million Notes Exchange

DENVER, May 23, 2023 (GLOBE NEWSWIRE) --  authID Inc. (NASDAQ: AUID) (“authID” or the “Company”), a leading provider of secure identity authentication solutions, today announced it has entered into a definitive agreement with accredited investors to sell approximately 15.5 million shares of its common stock (the “Shares”), pursuant to a registered direct offering (the “Registered Direct Offering”), and a concurrent private placement (the “Private Placement”). The purchase price for one Share in the Registered Direct Offering and the concurrent Private Placement will be $0.458 (or $0.50 if the purchaser is a director of the Company). The aggregate gross proceeds from the Registered Direct Offering and the concurrent Private Placement are expected to be approximately $7.1 million before deducting placement agent fees and other estimated offering expenses.

authID INC. Announces Pricing of Approximately $7.1 Million Registered Direct Offering and Concurrent Private Placement and Approximately $7.1 Million Notes Exchange

authID Inc. (NASDAQ:AUID ) Q1 2023 Earnings Conference Call May 11, 2023 5:30 PM ET Company Participants Graham Arad - General Counsel Rhon Daguro - Chief Executive Officer Annie Pham - Chief Financial Officer Thomas Szoke - Chief Technology Officer and Founder Conference Call Participants Operator Hello, and thank you for standing by, and welcome to authID Q1 Fiscal Year 2023 Earnings Conference Call and Webcast. [Operator Instructions] I would now like to hand the conference over to Graham Arad.

authID Inc. (AUID) Q1 2023 Earnings Call Transcript

DENVER, May 11, 2023 (GLOBE NEWSWIRE) -- authID® [Nasdaq: AUID] a leading provider of secure identity authentication solutions today reported financial and operating results for the quarter ended March 31, 2023. "Balancing uncompromised cybersecurity with an easy user experience , authID's biometric identity technology delivers the enhanced, non-repudiable authentication needed to protect both workforce and consumer applications against identity fraud and cyberattacks associated with compromised credentials,” said CEO Rhon Daguro.

authID Reports Financial and Operating Results for the Quarter Ended March 31, 2023

Prestigious International Awards Program Recognizes Outstanding Financial Technology Products And Companies DENVER, May 04, 2023 (GLOBE NEWSWIRE) -- authID [Nasdaq: AUID], a leading provider of secure identity biometric authentication solutions, today announced that for the second straight year the Company was selected as “Best ID Management Platform” in the annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global Fintech market today. Recognized again for its innovation in biometric identity authentication, the authID Verified™ platform continues to secure market adoption across the Fintech ecosystem with new banks, credit unions and Fintech SaaS providers.

authID Selected for 2nd Straight Year as “Best ID Management Platform” in 7th Annual FinTech Breakthrough Awards Program

Recently appointed executive leadership and Board of Directors set to help Company advance its next stage of market growth.

authID Reports Financial and Operating Results for the Year Ended December 31, 2022

Experienced leaders with proven business growth success in the identity industry assume executive leadership.

authID Appoints Rhon Daguro as CEO and Joe Trelin as Chairman of the Board

DENVER, March 22, 2023 (GLOBE NEWSWIRE) --  authID (Nasdaq: AUID), a leading provider of secure identity authentication solutions, today announced the Company will report financial results for the fourth quarter and twelve months ended December 31, 2022 on Thursday, March 30 after market close. The Company will host a call with shareholders in the coming weeks.

News for authID Inc Stock (AUID)