authID Inc.
2.5700-0.10 (-3.75%)
Oct 29, 4:00:02 PM EDT · NasdaqCM · AUID · USD
Key Stats
Market Cap
34.55MP/E (TTM)
-Basic EPS (TTM)
-1.45Dividend Yield
0%Recent Filings
8-K
Director resigns, new appointment
authID Inc. director Michael C. Thompson resigned on August 18, 2025, for personal reasons, stepping down from the board and all committees without any disagreements on operations or policies. The board swiftly appointed Shrikrishna Venkataraman to the Audit Committee vacancy. This change maintains continuity in oversight. No further impacts disclosed.
8-K
Record revenue amid rising costs
authID Inc. reported record Q2 2025 revenue of $1.4 million, up from $0.3 million a year ago, driven by biometric solutions and new partnerships. While operating expenses rose to $5.9 million from increased headcount and R&D, remaining performance obligations surged to $13.8 million, signaling strong future commitments. Booked annual recurring revenue hit $2.2 million. Momentum builds, yet credit loss provisions highlight execution risks.
10-Q
Q2 FY2025 results
authID Inc. ramped up revenue to $1.4M in Q2 FY2025 ended June 30, 2025, a sharp 415% y/y jump from $280K, though the six-month total of $1.7M trailed the quarter's pace due to a slower Q1. Expenses surged on R&D hires and a $0.8M credit loss provision, driving operating loss to $4.5M (up 34% y/y) and net loss to $4.4M, or $0.33 per diluted share on 13.2M shares—consistent with the weighted average. Cash dipped to $8.3M after $8.4M operating burn, offset by $8.2M from stock sales that cleared all convertible debt. Remaining performance obligations hit $13.8M, signaling pipeline strength. Yet customer concentration, with one client at 76% of Q2 revenue, poses risks.
8-K
authID elects board, ratifies auditors
authID Inc. held its annual meeting on June 26, 2025, electing ten directors including Rhoniel A. Daguro and Stephen J. Garchik, with votes ranging from 3.08 million to 3.91 million for amid some withholdings. Shareholders ratified Cherry Bekaert LLP as auditors for the fiscal year ending December 31, 2025, with overwhelming 6.13 million for votes. They also approved adding 295,000 shares to the 2024 Equity Incentive Plan, signaling continued talent incentives. Directors locked in.
10-Q
Q1 FY2025 results
authID's Q1 FY2025 revenue climbed 88% y/y to $296K from new customer contracts, yet operating expenses surged 41% to $4.7M on heavier sales and R&D investments, driving a $4.4M operating loss—up 39% y/y—and a net loss of $4.3M, or $(0.40) per diluted share on 10.9M shares, consistent with the filing. Cash burned $5.4M in operations, leaving $2.9M at quarter-end after repaying $245K in convertible notes; free cash flow not disclosed in the 10-Q. Post-quarter, $8.6M net from stock offerings bolsters liquidity. Remaining performance obligations hit $13.85M, with one customer dominating 72%. authID invests in biometrics amid rising fraud threats. Customer concentration lingers as a key risk.