authID Initiates FY24 Guidance, Sees 2024 Revenue Of $1.4M-$1.6M

5/15/24 4:11:22 PM ET

Computer Software: Prepackaged Software

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Revenue Guidance for 2024

The Company has initiated providing full-year revenue guidance on a quarterly basis. Building on Q1 2024 revenue of $0.16 million, the Company estimates Total Revenue for the full fiscal year ending December 31, 2024 will be in the range of $1.4 million to $1.6 million. At the midpoint of this range, this represents a strong increase of approximately $1.3 million over 2023 Total Revenue of $0.2 million.

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Recent Analyst Ratings for
$AUID

Date	Price Target	Rating	Analyst

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authID Reports Financial and Operating Results for the Third Quarter Ended September 30, 2024
DENVER, Nov. 07, 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 third quarter and nine months ended September 30, 2024. Third Quarter 2024 vs. Third Quarter 2023 Financial Summary Total revenue for the quarter increased to $0.25 million, compared to $0.04 million a year ago.Operating expenses were $3.8 million, flat compared to a year ago.Loss from continuing operations was $3.4 million, or $0.31 per share, compared to a loss of $3.7 million, or $0.47 per share a year ago.Remaining Performance Obligation ("RPO") was $3.8 million, compared to
11/7/24 4:00:35 PM ET
$AUID
Computer Software: Prepackaged Software
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authID to Report Third Quarter 2024 Financial Results on November 7, 2024
DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID"), 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, 2024 on Thursday, November 7, 2024. Following issuance of the results release, authID Chief Executive Officer, Rhon Daguro and Chief Financial Officer, Ed Sellitto will host a conference call and webcast at 5:00 p.m. EDT to discuss the financial results and provide a corporate update. To participate on the live conference call, please dial: (646) 968-2525 in the U.S. or +1 (888) 596-4144 internationally and reference the conference I
10/24/24 8:00:00 AM ET
$AUID
Computer Software: Prepackaged Software
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authID to Report Second Quarter 2024 Financial Results on August 8, 2024
Conference webcast to follow at 5:30 p.m. EDT DENVER, July 24, 2024 (GLOBE NEWSWIRE) -- authID Inc. (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, 2024 on Thursday, August 8, 2024 after market close. Following issuance of the earnings release, authID Chief Executive Officer Rhon Daguro and Chief Financial Officer Ed Sellitto will host a webcast at 5:30 p.m. EDT to discuss the financial results and provide a corporate update. To join the webcast, investors will need to register here: authID Q2 2024 Results Webcast Registration
7/24/24 8:00:00 AM ET
$AUID
Computer Software: Prepackaged Software
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authID Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
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). On November 12, 2024 the Company granted an Option to purchase 100,000 Shares to Mr. Erick Soto, the Company's new Chief Product Officer, at an Exercise Price of $6.94 per share. The Option will vest in 36 equal amounts, on a monthly basis, over a period of three years, subject to continued employment, with a term of 10 years. About authID auth
11/15/24 8:00:00 AM ET
$AUID
Computer Software: Prepackaged Software
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authID Reports Financial and Operating Results for the Third Quarter Ended September 30, 2024
DENVER, Nov. 07, 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 third quarter and nine months ended September 30, 2024. Third Quarter 2024 vs. Third Quarter 2023 Financial Summary Total revenue for the quarter increased to $0.25 million, compared to $0.04 million a year ago.Operating expenses were $3.8 million, flat compared to a year ago.Loss from continuing operations was $3.4 million, or $0.31 per share, compared to a loss of $3.7 million, or $0.47 per share a year ago.Remaining Performance Obligation ("RPO") was $3.8 million, compared to
11/7/24 4:00:35 PM ET
$AUID
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authID Signs $10 Million Agreement to Deliver Next Generation Authentication Security in India
DENVER, Nov. 04, 2024 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced a $10 million, multi-year agreement with a next-generation AI company specializing in custom solutions for global multi-national companies to enable authentication for a range of industries in India. The agreement represents a $10 million commitment over a three-year period, with a minimum of $3.33 million each year for licensing authID's identity platform services. authID will deliver unprecedented biometric authentication accuracy and a frictionless user experience to a variety of the partner's customers across the bank
11/4/24 8:00:00 AM ET
$AUID
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$AUID
Leadership Updates

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authID Appoints Identity Industry Veteran Erick Soto as Chief Product Officer
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. Mr. Soto, a seasoned product leader with over 15 years of industry experience, comes to authID after serving as a Chief Product Officer and adviser to successful identity verification providers, financial technology businesses, and neobanks. In his new role, Soto will oversee the evolution of the authID platform for biometrically onboarding and authenticating customers' employees and consumers. He will direct a robust group of developers and designers working o
9/24/24 5:15:00 PM ET
$AUID
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authID to Hold Annual Meeting of Stockholders on June 26th
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. At the meeting, proposals will be submitted to elect directors, ratify the appointment of auditors, reduce the number of authorized shares in order to save expenses, ratify the adoption of the 2024 Equity Incentive Plan and approve "Say-on-Pay" and "Say-on-Pay" frequency resolutions. The Company is proposing the election of all of the current seven directors. The Company has filed its Proxy Statement with the SEC, whic
5/20/24 8:00:00 AM ET
$AUID
Computer Software: Prepackaged Software
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Leading Biometric Identify Verification & Authentication Firm authID Inc. Appoints Kunal Mehta to its Board of Directors
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. "Having engaged closely with Kunal at both Bain & Company and Technology Crossover Ventures, I know from first-hand experience that he brings a unique mix of domain knowled
3/26/24 8:00:00 AM ET
$AUID
Computer Software: Prepackaged Software
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authID Initiates FY24 Guidance, Sees 2024 Revenue Of $1.4M-$1.6M

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Recent Analyst Ratings for $AUID

$AUID SEC Filings

authID Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by authID Inc.

authID Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

$AUID Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Technology Officer Szoke Thomas Robert sold $10,365 worth of shares (1,500 units at $6.91), decreasing direct ownership by 7% to 21,119 units (SEC Form 4)

SEC Form 4 filed by Chief Product Officer Soto Erick

New insider Soto Erick claimed ownership of 1 shares (SEC Form 3)

$AUID Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G filed by authID Inc.

SEC Form SC 13D filed by Ipsidy Inc.

SEC Form SC 13G/A filed by Ipsidy Inc. (Amendment)

$AUID Financials

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$AUID Press Releases

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authID Reports Financial and Operating Results for the Third Quarter Ended September 30, 2024

authID to Report Third Quarter 2024 Financial Results on November 7, 2024

authID to Report Second Quarter 2024 Financial Results on August 8, 2024

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

authID Reports Financial and Operating Results for the Third Quarter Ended September 30, 2024

authID Signs $10 Million Agreement to Deliver Next Generation Authentication Security in India

$AUID Market Insights

Live Market Insights

authID Reveals Pricing Of $11M Direct Offering; To Sell 1.46M Shares At $7.50/Share

AuthID Expands Biometric Identity Platform Through Integration With Syntrove's Risk And Fraud Technology; OEM Agreement Enhances Fraud Prevention For Banking, Insurance, Gaming, Crypto, And Supply-Chain Enterprises

12 Information Technology Stocks Moving In Thursday's Intraday Session

$AUID Leadership Updates

Live Leadership Updates

authID Appoints Identity Industry Veteran Erick Soto as Chief Product Officer

authID to Hold Annual Meeting of Stockholders on June 26th

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

$AUID Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Thompson Michael Charles bought $99,993 worth of shares (12,254 units at $8.16), increasing direct ownership by 18% to 78,677 units (SEC Form 4)

Large owner Garchik Stephen Jeffrey bought $1,125,000 worth of shares (150,000 units at $7.50) (SEC Form 4)

Jisser Ken bought $42,020 worth of shares (5,500 units at $7.64), increasing direct ownership by 14% to 43,475 units (SEC Form 4)

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