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

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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.

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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.

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.

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.

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.

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