Ipsidy Inc. operates an Identity as a Service (IDaaS) platform that delivers a suite of secure, mobile, and biometric identity solutions worldwide. The company develops an IDaaS platform for businesses, residences, governments, or other organizations to enable their users to verify and authenticate their identity through a mobile phone or portable device. It provides PROOF, which establishes the trusted identity of users based on various ground truth sources, including chip based electronic machine readable travel documents, national IDs, and drivers licenses, as well as through direct verification by national ID databases; VERIFIED, a multi-factor authentication solution designed to provide a secure and convenient application for universal identity verification and transaction authentication; and AUTHENTIFID, which delivers FIDO2 authentication for password less login and transaction authentication tied to a trusted identity. The company also offers IDENTITY Â PORTAL that allows an enterprise to enroll customers using the Ipsidy portal; ACCESS, a solution for biometric authentication of individuals seeking entry into a building or controlled area; TIME, a mobile biometric attendance app with geolocation; SEARCH, a biometric matching software for desktop fingerprint capture and image processing; and CARDPLUS, a secure plastic identity credentials and loyalty card products. In addition, it provides payment processing solutions, such as TRANXA, a multi-application payment gateway and switch that provides payment solutions for online retailers and physical merchant locations; an unattended kiosk application and backend management system, which is integrated with a transit ticketing system; TRANSACT mobile digital issuance platform; and digital mobile wallet application. The company was formerly known as ID Global Solutions Corporation and changed its name to Ipsidy Inc. in February 2017. Ipsidy Inc. was founded in 2009 and is headquartered in Long Beach, New York.
IPO Year:
Exchange: NASDAQ
Website: authid.ai
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DENVER, May 13, 2025 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID" or the "Company"), a leading provider of biometric identity verification and authentication solutions, today reported financial and operating results for the first quarter ended March 31, 2025. First Quarter 2025 vs. First Quarter 2024 Financial Summary Total revenue for the quarter increased to $0.30 million, compared to $0.16 million a year ago.Operating expenses were $4.7 million, compared to $3.3 million a year ago.Net loss was $4.3 million, or $0.40 per share, compared to a loss of $3.1 million, or $0.32 per share a year ago.Adjusted EBITDA Loss of $3.9 million (non-GAAP measure as defined below), compared with
DENVER, May 07, 2025 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID) ("authID" or the "Company"), a leading provider of biometric identity verification and authentication solutions, announced on May 6, 2025, it entered into a definitive agreement, for a follow on transaction with investors led by Kyle Wool, to sell 373,060 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 $5.60. The aggregate gross proceeds from the Offering were approximately $2,100,000 before deducting placement agent fees and other offering expenses. The closing of the Registered Direct Offering occurred on May
DENVER, May 06, 2025 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID) ("authID" or the "Company"), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell approximately 373,060 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 $5.60. The aggregate gross proceeds from the Offering are expected to be approximately $2,100,000 million before deducting placement agent fees and other offering expenses. The closing of the Registered Direct Offering is expected to occur on or about
DENVER, April 30, 2025 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID"), a leading provider of biometric identity verification and authentication solutions, today announced the Company will report financial results for the first quarter ended March 31, 2025 on Thursday, May 13, 2025, after the 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 5:00 p.m. ET to discuss the financial results and provide a corporate update. To participate on the live conference call, please access this registration link and you will be provided with dial-in details. To avoid delays, participant
Leading cybersecurity services firm to train its team on authID's biometric authentication and verification platforms, aiming to accelerate the adoption of secure and privacy-preserving passwordless solutions. Denver, Colorado and Piscataway, New Jersey, April 29, 2025 (GLOBE NEWSWIRE) -- authID, a leading provider of identity proofing and biometric authentication, today announced a partnership with TechDemocracy, a global cybersecurity services firm with over 25 years of Identity and Access Management (IAM) expertise, to expand the industry's familiarity with authID's platform and further the transition to frictionless, passwordless sign-ins. As a newly designated integration services
This membership underscores commitment to enhancing data protection and user privacy through industry collaboration DENVER, COLORADO, April 17, 2025 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced its membership in the Secure Technology Alliance (STA), a prominent industry association dedicated to promoting the understanding, adoption, and widespread application of secure solutions, including smart cards, embedded chip technology, and related hardware and software. The Secure Technology Alliance serves as a neutral forum that brings together leading providers and adopters of end-to-end securit
DENVER, April 02, 2025 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID) ("authID" or the "Company"), a leading provider of biometric identity verification and authentication solutions, today announced it has closed its previously announced transaction with investors to sell 1,811,120 shares of its common stock (the "Shares") and/or Pre-Funded Warrants (the "Pre-Funded Warrants") pursuant to a registered direct offering (the "Registered Direct Offering"). The purchase price for one Share or Pre-Funded Warrant was $4.50 (each Pre-Funded Warrant will be exercisable into one share of common stock). The aggregate gross proceeds from the Offering were $8,150,000 before deducting placement agent fe
DENVER, March 31, 2025 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID) ("authID" or the "Company"), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell approximately 1,811,111 shares of its common stock (the "Shares") and/or Pre-Funded Warrants (the "Pre-Funded Warrants"), pursuant to a registered direct offering (the "Registered Direct Offering"). The purchase price for one Share or Pre-Funded Warrant will be $4.50, (each Pre-Funded Warrant will be exercisable into one share of common stock). The aggregate gross proceeds from the Offering are expected to be approximately $8,15
The biometric verification and authentication leader was honored for setting a new standard in identity management with its advanced biometric solutions DENVER, Colorado, March 19, 2025 (GLOBE NEWSWIRE) -- authID (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced that it has once again been selected as the winner of the "Best ID Management Platform" award in the 2025 FinTech Breakthrough Awards. Presented by FinTech Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market, the 9th annual FinTech Breakthrough Awards recognize the most i
DENVER, March 13, 2025 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID"), a leading provider of biometric identity verification and authentication solutions, today reported financial and operating results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 vs. 2023 Financial Summary Total revenue for the quarter increased to $0.20 million, compared to $0.07 million a year ago.Operating expenses were $4.9 million, compared to $3.3 million a year ago.Loss from continuing operations was $4.6 million, or $0.49 per share, compared to a loss of $3.2 million, or $0.41 per share a year ago.Adjusted EBITDA Loss of $4.1 million (non-GAAP measure as defined below),
DENVER, May 13, 2025 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID" or the "Company"), a leading provider of biometric identity verification and authentication solutions, today reported financial and operating results for the first quarter ended March 31, 2025. First Quarter 2025 vs. First Quarter 2024 Financial Summary Total revenue for the quarter increased to $0.30 million, compared to $0.16 million a year ago.Operating expenses were $4.7 million, compared to $3.3 million a year ago.Net loss was $4.3 million, or $0.40 per share, compared to a loss of $3.1 million, or $0.32 per share a year ago.Adjusted EBITDA Loss of $3.9 million (non-GAAP measure as defined below), compared with
DENVER, April 30, 2025 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID"), a leading provider of biometric identity verification and authentication solutions, today announced the Company will report financial results for the first quarter ended March 31, 2025 on Thursday, May 13, 2025, after the 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 5:00 p.m. ET to discuss the financial results and provide a corporate update. To participate on the live conference call, please access this registration link and you will be provided with dial-in details. To avoid delays, participant
DENVER, March 13, 2025 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID"), a leading provider of biometric identity verification and authentication solutions, today reported financial and operating results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 vs. 2023 Financial Summary Total revenue for the quarter increased to $0.20 million, compared to $0.07 million a year ago.Operating expenses were $4.9 million, compared to $3.3 million a year ago.Loss from continuing operations was $4.6 million, or $0.49 per share, compared to a loss of $3.2 million, or $0.41 per share a year ago.Adjusted EBITDA Loss of $4.1 million (non-GAAP measure as defined below),
DENVER, Feb. 27, 2025 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID"), a leading provider of biometric identity verification and authentication solutions, today announced the Company will report financial results for the fourth quarter and full year ended December 31, 2024 on Thursday, March 13, 2025 after the 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 5:00 p.m. EDT to discuss the financial results and provide a corporate update. To participate on the live conference call, please access this registration link and you will be provided with dial-in details. To avoi
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
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
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
Achieves Milestone Revenue Growth for Q1 2024 With Live Production Status of Key Customers Signed in 2023Management to Host Conference Call Today at 5:30 p.m. EST DENVER, May 15, 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 first quarter ended March 31, 2024. "authID continues to validate strong product market fit for our biometric identity solutions. and to advance our progress toward building a successful SaaS company with predictable revenue growth. Since our mid-2023 reboot, we focused on signing and on-boarding our initial custo
Conference webcast to follow at 5:30 p.m. EDT DENVER, May 01, 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 first quarter ended March 31, 2024 on Wednesday, May 15, 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 Q1 2024 Results Webcast Registration Pl
Momentum drives $4 million in signed contract RPO value, a 4,800% increase over 2022Accelerates 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. Commenting on these results, Rhon Daguro, authID CEO, said, "Our efforts in 2023—the strengthening of our financial foundation, addition of new identity domain sales and engineering
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
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
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
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. As the former Chief Platform Officer of CLEAR, Trelin brought his experience and guidance to help orchestrate a relaunch of authID and the signing of a record number of sales bookings in 2023. First appointed to the authID Board in April 2022, Trelin quickly showed his value in envisioning future direction for business and product development. Under his term as Chairman, authID experienced a dramatic rise in
DENVER, Feb. 08, 2024 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID), a leading provider of innovative biometric identity verification and authentication solutions, today announced the appointment of new talent that will position the Company for further growth in 2024 and beyond. Following the successful completion of its November 2023 fund-raise, the Company is expanding its sales, customer success, and engineering teams to drive quick execution on its sales and product pipeline and capitalize on the global demand for secure and seamless biometric authentication solutions. To build upon the Company's highly successful 2023 sales momentum where it increased sales by 1200%, authID has h
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. These measures, combined with cost-cutting efforts and a July reverse stock-spli
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". Denver, Oct. 31, 2023 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of secure identity verification and authentication solutions, today announced the launch of Verified™ 3.8, its next-generation platform that protects digital enterprises and the entire user journey against identity fraud, credential compromise, and account takeover. Data breaches occur because enterprises merely assume they know ‘who' is accessing applications with a continued reliance on age-old passwords, pin codes, a
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. "We also secured new contracts with several customers including ABM, a Fortune 500 company with over 100,000 employees. These customer wins validat
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. Cyberattacks caused by bad actors who prey on passwords and legacy MFA continue to disrupt businesses. authID's biometric verification and authentication solutions offer a secure and conveni
DENVER, May 18, 2023 (GLOBE NEWSWIRE) -- -- authID® (NASDAQ:AUID) a leading provider of secure identity authentication solutions, today announced that its 2023 Annual Meeting of Stockholders will be held virtually on June 26, at 10:00 a.m. EDT/8:00 a.m. MDT. At the meeting, proposals will be submitted to elect directors, ratify the appointment of auditors, authorize a reverse stock split, in order to regain compliance with Nasdaq listing requirements, and authorize an increase in the shares allocated to the Equity Incentive Plan. The Company is proposing the election of all of the current seven directors. The Company has filed its Proxy Statement with the SEC, which explains all