Reported Earnings • Aug 16
Second quarter 2026 earnings released: US$0.29 loss per share (vs US$0.33 loss in 2Q 2025) Second quarter 2026 results: US$0.29 loss per share. Revenue: US$490.6k (down 66% from 2Q 2025). Net loss: US$4.76m (loss widened 8.5% from 2Q 2025). Board Change • Aug 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Lead Independent Non-Executive Director Mike Koehneman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.58m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.8% per year over the past 5 years. Market cap is less than US$10m (US$9.58m market cap). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (US$2.2m revenue). Live News • Jul 04
authID Gains Microsoft Entra Verified ID Certification to Expand Enterprise Reach authID has been certified as a Microsoft Entra Verified ID Identity Verification Partner, allowing its biometric identity verification tools to integrate directly into Microsoft’s digital identity platform, with delivery supported through partner MajorKey Technologies.
The certification validates authID’s security, interoperability and compliance capabilities within the Microsoft ecosystem, which management is aiming to use to reach more enterprise customers and system integrators and to drive pipeline growth for privacy-focused identity verification.
authID’s stock last traded at $1.18, with a year-to-date return of 20.8%.
This new status inside Microsoft Entra gives authID a stronger reference point when selling into large organizations. The key considerations will be how quickly that partnership converts into paying deployments and whether the company can manage integration, support and potential customer concentration risks as usage scales. Announcement • Jun 02
authID Inc., Annual General Meeting, Jul 06, 2026 authID Inc., Annual General Meeting, Jul 06, 2026. Reported Earnings • May 17
First quarter 2026 earnings released: US$0.28 loss per share (vs US$0.40 loss in 1Q 2025) First quarter 2026 results: US$0.28 loss per share. Revenue: US$480.2k (up 62% from 1Q 2025). Net loss: US$4.46m (loss widened 2.9% from 1Q 2025). Announcement • May 07
authID Inc. to Report Q1, 2026 Results on May 14, 2026 authID Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026 Announcement • Apr 30
authID Inc. announced that it expects to receive $4 million in funding authID Inc. announced that it will issue senior secured debentures and warrants for the gross proceeds of $4,000,000 on April 29, 2026. The transaction included participation from new lenders Ken Jisser and Stephen Garchik. The Warrants will be exercisable six (6) months from the closing of the offering and will have an exercise price of $1.50. Additionally, the Investors will receive a fee, including an amount in lieu of interest, equal to fifteen percent (15%) of the principal amount of the Investor’s investment, payable in shares of common stock (the “Fee Shares”). The Fee Shares will be priced at $1.00, or in the case of any Investor who is a Director of the Company, at the Nasdaq Consolidated Closing Bid Price. The issuance of the Warrants and the Fee Shares shall remain subject to compliance with applicable securities laws, Nasdaq rules and the Company’s governing documents. Announcement • Apr 26
AuthID Inc Launches Quantum-Resistant Biometric Authentication Platform AuthID announced a landmark advancement in identity security: the quantum-hardening of its PrivacyKey biometric digital signature platform. This achievement represents the industry’s first biometric authentication solution purpose-built to withstand the cryptographic threats posed by quantum computing. Unlike conventional biometric systems that store facial templates on servers, leaving them vulnerable to future quantum-powered decryption attacks, AuthID’s PrivacyKey architecture stores no biometric data at rest. Every authentication event regenerates an ephemeral cryptographic keypair from a live biometric presentation, signs the transaction, and immediately destroys the private key. The result is a biometric digital signature: a deterministic cryptographic proof that a specific individual was present at the exact moment a transaction was authorized. AuthID’s engineering breakthrough represents two advances in quantum defense: Quantum-Resistant Digital Signatures. PrivacyKey now supports three NIST-standardized post-quantum algorithms — ML-DSA-65, SLH-DSA-128s, and SLH-DSA-256s — spanning two independent mathematical foundations: lattice-based and hash-based cryptography. Organizations can select algorithms per operation, per policy, or per risk model, eliminating any single point of cryptographic failure. Threshold MPC Key Protection (Sharding). Every PrivacyKeyMap (AuthID’s encrypted biometric guidance artifact) is protected by a unique AES-256 key that is never stored whole. Instead, each key is sharded (divided) across multiple independent nodes in separate trust domains using a threshold multi-party computation ceremony. No single node ever holds the complete key. No single server breach, compromised administrator, or insider threat can reconstruct it. Authentication requires all distributed nodes to collaborate in real time, regenerating the key only for a specific operation as needed. Quantum computing, while not completely realized, has been considered a severe cybersecurity threat to break commonly used methods for encrypting data, communications, and user identities. While some organizations are simply hoping to postpone the inevitability of quantum break-ins with longer encryption keys, it’s theorized that the strongest quantum computer could infiltrate RSA-2048, the most powerful current encryption, in seconds. Since identities are the pathway for cyber-intruders, the need for quantum-resistant identity verification is more critical than ever. PrivacyKey gives them the flexibility to choose their quantum algorithm per operation and per risk profile, without rearchitecting their workflows. The ability to enforce biometric-bound, quantum-hardened digital signatures at the transaction level is a capability no other platform offers. The quantum-resistant PrivacyKey platform is available now for enterprise customers seeking to future-proof their identity and authentication infrastructure. New Risk • Apr 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$15m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 3.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Revenue is less than US$5m (US$2.0m revenue). Market cap is less than US$100m (US$19.8m market cap). Reported Earnings • Apr 04
Full year 2025 earnings released: US$1.38 loss per share (vs US$1.40 loss in FY 2024) Full year 2025 results: US$1.38 loss per share. Revenue: US$2.04m (up 130% from FY 2024). Net loss: US$17.9m (loss widened 26% from FY 2024). Announcement • Mar 24
authID Inc. to Report Q4, 2025 Results on Mar 31, 2026 authID Inc. announced that they will report Q4, 2025 results After-Market on Mar 31, 2026 Announcement • Feb 12
Authid Announces Out of the Box, Biometric Security Solution Aligned with PIV Security Framework for Energy and Other Critical Infrastructure AuthID announced the availability of its biometric security solution aligned with the Personal Identity Verification (PIV) security framework for energy infrastructure companies and other utilities. authID's suite of biometric identity assurance solutions allows utility companies to secure US electrical, water, gas, and other critical infrastructures beyond standard homegrown defenses, with the highest grade safeguards. Energy companies and other utilities are constantly targeted by state-sponsored infiltrators and cyber-criminals. Securing electrical, water, gas and other critical utility infrastructure is not just in the public interest, but also a matter of national security. Utility threats are in the news every day.ian, Chinese, and Russian actors have compromised electric, water, and communications systems globally for many years. According to cyberthreat reporting from Check Point Research, there were 1162 documented cyberattacks on US utilities alone from January to August 2024, a 70% increase over the same period from the previous year. In 2025, the FBI alerted a major water utility in Massachusetts that Chinese hackers had infiltrated water utility systems, gaining the ability to control chemical inputs and potentially poison the water. According to the 2025 US Homeland Threat Assessment, Chinese state hacking groups like Volt Typhoon are pre-positioning hacks for high-impact future disruptions. Despite mandates to modernize aging infrastructure and security technology from the Nuclear Regulatory Commission (NRC) and North American Electric Reliability Council Critical Infrastructure Protection (NERC-CIP), experts worry that many defenses remain outdated, and inadequate for dealing with sophisticated foreign and AI-powered attacks. The growing use of AI expands the threat surface. They require identity verification as well as Multi-Factor Authentication but this still often relies on vulnerable passwords. PIV mandates strict background-check-based identification for government facilities, in accordance with NIST standards for highest assurance credentials. Therefore applying a solution aligned with a PIV-grade security framework to utilities administration represents a massive upgrade. Alignment with PIV-level authentication represents a major step up from standard civilian methods. It can be thought of as military grade authentication for energy infrastructure and many other global businesses requiring the strictest security. authID is now one of the first organizations offering an out-of-the-box biometric security solution that incorporates the methods and processes associated with the PIV security framework and applies them to civilian operations, locking down SCADA consoles, privileged engineering accounts, and contractor access to operational environments without the need for passwords or physical tokens. Three other authID solutions contribute to this unique biometric security platform: IDX, PrivacyKey and authID Mandate.IDX enables central management of identities across the ecosystem of a standard utility that includes not only employees but many contractors, vendors, and other third parties. PrivacyKey utilizes cryptographic keys to identify returning users, providing the most accurate biometric verification while achieving user privacy and strong compliance with laws preventing the storage of biometric data. Mandate locks down Agentic AI, allowing only authorized users to launch AI agents while providing the audit trail linking users to the agents they invoke. New Risk • Dec 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$53k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 4.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (US$53k sold). Revenue is less than US$5m (US$1.8m revenue). Market cap is less than US$100m (US$14.4m market cap). Recent Insider Transactions Derivative • Dec 17
Director notifies of intention to sell stock Stephen Garchik intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of December. If the sale is conducted around the recent share price of US$1.09, it would amount to US$55k. Since March 2025, Stephen has owned 1.44m shares directly. Company insiders have collectively bought US$20k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Nov 28
Director recently bought US$50k worth of stock On the 25th of November, Ken Jisser bought around 41k shares on-market at roughly US$1.24 per share. This transaction amounted to 79% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$108k more in shares than they have sold in the last 12 months. New Risk • Nov 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 4.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risks Revenue is less than US$5m (US$1.8m revenue). Market cap is less than US$100m (US$18.7m market cap). Announcement • Nov 25
authID Inc. has completed a Follow-on Equity Offering in the amount of $3.629702 million. authID Inc. has completed a Follow-on Equity Offering in the amount of $3.629702 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,626,441
Price\Range: $1.35
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 1,062,306
Price\Range: $1.3499
Transaction Features: Registered Direct Offering New Risk • Nov 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 4.9% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (US$1.8m revenue). Market cap is less than US$100m (US$23.0m market cap). Announcement • Nov 21
authID Inc. has filed a Follow-on Equity Offering in the amount of $3.675 million. authID Inc. has filed a Follow-on Equity Offering in the amount of $3.675 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,688,747
Price\Range: $1.35
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Transaction Features: Registered Direct Offering Reported Earnings • Nov 14
Third quarter 2025 earnings released: US$0.39 loss per share (vs US$0.31 loss in 3Q 2024) Third quarter 2025 results: US$0.39 loss per share (further deteriorated from US$0.31 loss in 3Q 2024). Net loss: US$5.17m (loss widened 54% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Oct 30
authID Inc. to Report Q3, 2025 Results on Nov 12, 2025 authID Inc. announced that they will report Q3, 2025 results After-Market on Nov 12, 2025 Announcement • Aug 23
authID Inc. Announces Committee Changes On August 18, 2025, Michael C. Thompson resigned as a director of authID Inc. and as a member of the Audit Committee, the Governance Committee and the Compensation Committee, effective August 18, 2025. Mr. Thompson's resignation was for personal reasons and not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Board of Directors appointed Shrikrishna Venkataraman to fill the vacancy on the Audit Committee. New Risk • Aug 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$14m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$14m free cash flow). Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (US$2.2m revenue). Market cap is less than US$100m (US$52.7m market cap). Reported Earnings • Aug 15
Second quarter 2025 earnings released: US$0.33 loss per share (vs US$0.34 loss in 2Q 2024) Second quarter 2025 results: US$0.33 loss per share. Revenue: US$1.44m (up 415% from 2Q 2024). Net loss: US$4.38m (loss widened 35% from 2Q 2024). Announcement • Jun 27
authID Inc. Approves Board Elections authID Inc. at the AGM held on June 26, 2025, elected Stephen J. Garchik, Ram Menghani, Nicholas Shevelyov, and Shrikrishna Venkataraman as directors of the company. Announcement • May 19
authID Inc., Annual General Meeting, Jun 26, 2025 authID Inc., Annual General Meeting, Jun 26, 2025. Reported Earnings • May 15
First quarter 2025 earnings released: US$0.40 loss per share (vs US$0.32 loss in 1Q 2024) First quarter 2025 results: US$0.40 loss per share (further deteriorated from US$0.32 loss in 1Q 2024). Revenue: US$296.3k (up 88% from 1Q 2024). Net loss: US$4.34m (loss widened 42% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • May 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 10.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (US$886k revenue). Minor Risk Market cap is less than US$100m (US$65.3m market cap). Announcement • May 08
authID Inc. has completed a Follow-on Equity Offering in the amount of $2.089136 million. authID Inc. has completed a Follow-on Equity Offering in the amount of $2.089136 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 373,060
Price\Range: $5.6
Discount Per Security: $0.56
Transaction Features: Registered Direct Offering Announcement • May 07
authID Inc. has filed a Follow-on Equity Offering in the amount of $2.089136 million. authID Inc. has filed a Follow-on Equity Offering in the amount of $2.089136 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 373,060
Price\Range: $5.6
Transaction Features: Registered Direct Offering Announcement • Apr 30
authID Inc. to Report Q1, 2025 Results on May 13, 2025 authID Inc. announced that they will report Q1, 2025 results After-Market on May 13, 2025 New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 10.0% per year over the past 5 years. Revenue is less than US$1m (US$886k revenue). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (US$55.6m market cap). Announcement • Apr 04
authID Inc. has completed a Follow-on Equity Offering in the amount of $8.15004 million. authID Inc. has completed a Follow-on Equity Offering in the amount of $8.15004 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,361,120
Price\Range: $4.5
Discount Per Security: $0.43
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 450,000
Price\Range: $4.5
Discount Per Security: $0.43
Transaction Features: Registered Direct Offering Announcement • Apr 01
authID Inc. has filed a Follow-on Equity Offering. authID Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,811,111
Price\Range: $4.5
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 1,811,111
Transaction Features: Registered Direct Offering Reported Earnings • Mar 14
Full year 2024 earnings released: US$1.40 loss per share (vs US$3.19 loss in FY 2023) Full year 2024 results: US$1.40 loss per share (improved from US$3.19 loss in FY 2023). Net loss: US$14.3m (loss narrowed 27% from FY 2023). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Announcement • Feb 27
authID Inc. to Report Q4, 2024 Results on Mar 13, 2025 authID Inc. announced that they will report Q4, 2024 results After-Market on Mar 13, 2025 Announcement • Feb 20
Authid's Biometric Authentication and Groundbreaking Privacy Solutions Spotlighted in New Prism Project Report AuthID announced its spotlight in a comprehensive independent market report by the Prism Project, which provided important independent analysis of authID's approach to privacy- and compliance-first biometric authentication. authID was named a "luminary" for its platform for biometric identity verification and privacy protection. Published by Acuity Market Intelligence, the report titled "Biometric Digital Identity Prism Custom Report: authID's newly launched PrivacyKey™? technology reflects a paradigm shift in biometric authentication, powerfully addressing the critical balance between security and privacy. The platform boasts a one-in-one-billion false-match accuracy rate in identity verification while maintaining zero-knowledge architecture for user data protection by storing no biometric data, and joins authID solutions Proof™? and Verified™? in providing customers with an unparalleled user-identification experience. Key Findings from the Prism Project Report: authID's innovative approach is "safeguarding the era of digitization" through liveness-supported face biometrics during the onboarding process as well as continuous identity verification. authID's proven leadership--composed of identity-industry veterans with decades of experience-- are driving consistent adaptations and innovations in a rapidly evolving and increasingly critical landscape. The verification speeds, key-management capabilities, and frictionless ease-of-use at the center of authID's solutions position it as a leader in both performance and customer experience. The report highlights authID's recent partnership with Salus, which aims to enhance credit union services for 120 million underserved individuals, demonstrating the platform's scalability and real-world impact. authID's innovative approach has also attracted partnerships with leading financial institutions and technology companies, as well as firms in the staffing and hiring, philanthropy, and customer-service industries. The dedicated authID report follows the December 2024 release of the Prism Project's highly anticipated Biometric Digital Identity Flagship Report, which evaluated more than 250 industry players and identified the key market dynamics driving extraordinary growth in the emerging global digital identity ecosystem. The annual report highlights the critical role of biometrics in reducing fraud, improving operational efficiency, preserving privacy, and enhancing user experience in the era of digital transformation. Recent Insider Transactions • Dec 11
Director recently bought US$52k worth of stock On the 9th of December, Ken Jisser bought around 8k shares on-market at roughly US$6.48 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$366k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 10
Third quarter 2024 earnings released: US$0.31 loss per share (vs US$0.47 loss in 3Q 2023) Third quarter 2024 results: US$0.31 loss per share (improved from US$0.47 loss in 3Q 2023). Net loss: US$3.36m (loss narrowed 9.4% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Announcement • Nov 09
AuthID Inc. Revises Revenue Guidance for the Full Year 2024 authID Inc. revised revenue guidance for the full year 2024. Based on the Company’s year-to-date results and expectations for the remainder of 2024, the Company revised its 2024 outlook. While the Company experienced customer ramp and usage growth in the third quarter 2024, due to certain customers experiencing delays in Production Go-Live timing and volume ramping, the Company now expects revenue for the full fiscal year ending December 31, 2024, to be in the range of $0.8 million to $0.9 million. Announcement • Oct 24
authID Inc. to Report Q3, 2024 Results on Nov 07, 2024 authID Inc. announced that they will report Q3, 2024 results on Nov 07, 2024 New Risk • Sep 27
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$187k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (US$553k revenue). Minor Risks Shareholders have been diluted in the past year (39% increase in shares outstanding). Significant insider selling over the past 3 months (US$187k sold). Market cap is less than US$100m (US$77.4m market cap). Announcement • Sep 25
authID Inc. Appoints Erick Soto as Chief Product Officer authID Inc. 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 the company 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 company platform for biometrically onboarding and authenticating customers’ employees and consumers. He will direct a robust group of developers and designers working on the continuous improvement of company’s Proof and Verified product lines to enhance performance, functionality and user experience. Most recently serving as the Chief Product Officer at Oxygen Health, Soto has also held identity positions as the Chief Product Officer – New Digital Initiatives at BBVA and as the VP of Product at Socure, where he partnered with authID Chief Executive Officer, Rhon Daguro, to build Socure into a unicorn valued at $4.5 billion. Recent Insider Transactions • Aug 28
CTO, Founder & Director recently sold US$138k worth of stock On the 26th of August, Thomas Szoke sold around 17k shares on-market at roughly US$8.11 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Aug 25
CTO, Founder & Director notifies of intention to sell stock Thomas Szoke intends to sell 23k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of August. If the sale is conducted around the recent share price of US$7.93, it would amount to US$180k. Since September 2023, Thomas has owned 58.13k shares directly. Company insiders have collectively bought US$1.8m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 11
Second quarter 2024 earnings released: US$0.34 loss per share (vs US$1.47 loss in 2Q 2023) Second quarter 2024 results: US$0.34 loss per share (improved from US$1.47 loss in 2Q 2023). Net loss: US$3.26m (loss narrowed 56% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Announcement • Aug 09
authID Inc. Provides Earnings Guidance for the Full Year 2024 authID Inc. provided earnings guidance for the full year ending December 31, 2024. For the year, the company confirms its revenue guidance for the full fiscal year ending December 31, 2024 is in the range of $1.4 million to $1.6 million. Announcement • Jul 24
authID Inc. to Report Q2, 2024 Results on Aug 08, 2024 authID Inc. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Announcement • May 19
authID Inc., Annual General Meeting, Jun 26, 2024 authID Inc., Annual General Meeting, Jun 26, 2024. Reported Earnings • May 17
First quarter 2024 earnings released: US$0.32 loss per share (vs US$1.65 loss in 1Q 2023) First quarter 2024 results: US$0.32 loss per share (improved from US$1.65 loss in 1Q 2023). Net loss: US$3.06m (loss narrowed 41% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Announcement • May 17
authID Inc. Provides Revenue Guidance for the Full Fiscal Year Ending December 31, 2024 authID Inc. announced that 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. Announcement • May 03
authID Inc. to Report Q1, 2024 Results on May 15, 2024 authID Inc. announced that they will report Q1, 2024 results After-Market on May 15, 2024 Announcement • Mar 27
authID Inc. Appoints Kunal Mehta to its Board of Directors authID.ai 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. Currently, Mehta consults with some of the leading private equity (PE) and PE-backed companies at Bain & Company. At Technology Crossover Ventures, he led the GTM Center of Excellence from September 2019 to March 2022, where he was responsible for building and executing GTM value creation initiatives across the B2B portfolio. He has held various GTM leadership roles at prominent technology companies, including Infoblox, VMware, Informatica, and HP Software. Mehta holds an MBA in Management of Information Systems, a BA in Economics from George Washington University in Washington, DC, and an MHS in Health Finance & Management from Johns Hopkins. Reported Earnings • Mar 22
Full year 2023 earnings released: US$3.19 loss per share (vs US$7.72 loss in FY 2022) Full year 2023 results: US$3.19 loss per share (improved from US$7.72 loss in FY 2022). Net loss: US$19.6m (loss narrowed 17% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Announcement • Mar 06
authID Inc. to Report Q4, 2023 Results on Mar 20, 2024 authID Inc. announced that they will report Q4, 2023 results on Mar 20, 2024 Announcement • Feb 24
authID.ai Announces Change to Its Board of Directors authID.ai 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 sales bookings, and the addition of several seasoned identity management personnel in both sales and technology. The Company is in discussions with one or more candidates to become additional independent directors of authID, who can help with their next phase of growth, but no commitments have been made for any appointment at this time. Announcement • Feb 09
authID Inc. Announces Executive Changes authID Inc. announced the appointment of new talent. Prateek Bijapurkar, Director of Sales, has over 15 years of authentication and identity sales experience and most recently served as Enterprise Sales Manager at ForgeRock/Ping, Oracle, and Persistent Systems focused on Identity and Access Management solutions. He was a key contributor to creating adaptive authentication products that were the precursors to today’s advanced multi-factor authentication solutions. Prateek is a former identity developer which helps him provide the best guidance on how to integrate an configure biometrics for authID’s customers. Spencer Bybee, Director of Sales, holds over 25 years of strategic selling of security and identity solutions and arrives at authID having served in Executive Account Manager positions at Ping Identity, ForgeRock, Oracle, IDMWorks, DELL and NetIQ, where he excelled in securing customers in the United States and LATAM. Spencer is a former technical identity engineer which provides him with tremendous technical depth to solve customer challenges. Linh Nguyen, Principal Solutions Architect, brings over 15 years of pre- and post-technical sales and product expertise. Most recently, he served as Principal Sales Engineer at ForgeRock/Ping where he tailored identity access solutions to meet customer needs and ensure post-implementation success. Prior to that, Linh worked at Persistent Systems as a Senior Sales Engineer and Lead User Experience consultant, creating a suite of identity APIs and interface solutions that became resident in Persistent’s and Oracle’s core services. Announcement • Nov 29
authID Inc. has completed a Follow-on Equity Offering in the amount of $9.44994 million. authID Inc. has completed a Follow-on Equity Offering in the amount of $9.44994 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,574,990
Price\Range: $6
Discount Per Security: $0.42
Transaction Features: Registered Direct Offering Recent Insider Transactions • Nov 24
Insider recently bought US$1.0m worth of stock On the 20th of November, Stephen Garchik bought around 167k shares on-market at roughly US$6.00 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.3m more in shares than they have sold in the last 12 months. Announcement • Nov 22
authID Inc. has filed a Follow-on Equity Offering in the amount of $9.44994 million. authID Inc. has filed a Follow-on Equity Offering in the amount of $9.44994 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,574,990
Price\Range: $6
Discount Per Security: $0.42
Transaction Features: Registered Direct Offering Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.47 loss per share (vs US$1.99 loss in 3Q 2022) Third quarter 2023 results: US$0.47 loss per share (improved from US$1.99 loss in 3Q 2022). Net loss: US$3.72m (loss narrowed 40% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. Announcement • Oct 31
authID Inc. to Report Q3, 2023 Results on Nov 08, 2023 authID Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Board Change • Aug 23
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Jacqueline White is the most experienced director on the board, commencing their role in 2021. Independent Chairman of the Board Joe Trelin was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Aug 01
authID Inc. to Report Q2, 2023 Results on Aug 10, 2023 authID Inc. announced that they will report Q2, 2023 results After-Market on Aug 10, 2023 Announcement • Jul 08
authID Announces Reverse Stock Split Effective July 10, 2023 to Ensure Compliance with the Nasdaq Capital Market’s Minimum Bid Price Rule authID Inc. (the “Company”) 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”). At the Annual Meeting of stockholders of the Company held on June 26, 2023, the stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a Reverse Stock Split with the exact ratio to be set by Board of Directors. The Board resolved to set the Reverse Stock Split at the ratio of 1-for-8 and filed an Amendment to the Amended and Restated Certificate of Incorporation with the Secretary of State in Delaware on June 26, 2023, effective July 7, 2023 5:30 p.m. As a result, on July 10, 2023 every eight issued shares of common stock will automatically be combined into one share of common stock. As explained in the 2023 Proxy Statement filed May 17, 2023 and circulated to all stockholders, this change is necessary to ensure compliance with the Nasdaq Capital Market’s Minimum Bid Price Rule, prior to the end of the compliance period which is July 24, 2023. Shares of the Company’s common stock will be assigned a new CUSIP number (46264C305) and are expected to begin trading on a split-adjusted basis on July 10, 2023. Announcement • Jun 07
authID Inc. announced that it has received $4.12175 million in funding On June 6, 2023, authID Inc. closed the transaction. The transaction included participation from 18 investors. Announcement • Jun 06
authID Inc. announced that it has received $8.996893 million in funding On June 5, 2023, authID Inc. closed the transaction. The company has received $798,693 in second and final tranche for aggregate proceeds of $8,996,893. The transaction included participation from 30 investors. The company has received minimum investment of $25,366 pursuant to exemption under regulation D. Announcement • May 27
authID Inc. has completed a Follow-on Equity Offering in the amount of $4.110993 million. authID Inc. has completed a Follow-on Equity Offering in the amount of $4.110993 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,975,967
Price\Range: $0.458
Discount Per Security: $0.032
Transaction Features: Registered Direct Offering Announcement • May 24
authID Inc. announced that it expects to receive $7.099 million in funding authID Inc announced a private placement of 15.5 million shares at a price of $0.458 for the gross proceeds of $7.099 million on May 23, 2023. The closing of the Registered Direct Offering and the concurrent Private Placement is expected to occur on or about May 25, 2023, and closing of the Notes Exchange is expected to begin on May 25, 2023, subject to the satisfaction of customary closing conditions. Announcement • Feb 02
authID Receives Non-Compliance Notice from The Nasdaq Stock Market On January 25, 2023, authID Inc. received notice from The Nasdaq Stock Market that the closing bid price for the Company's common stock had been below $1.00 per share for the previous 30 consecutive business days, and that the Company is therefore not in compliance with the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). Nasdaq's notice has no immediate effect on the listing or trading of the Company's common stock on The Nasdaq Capital Market. The notice indicates that the Company will have 180 calendar days, until July 24, 2023, to regain compliance with this requirement. The Company can regain compliance with the $1.00 minimum bid listing requirement if the closing bid price of its common stock is at least $1.00 per share for a minimum of ten (10) consecutive business days during the 180-day compliance period. If the Company does not regain compliance during the initial compliance period, it may be eligible for additional time of 180 calendar days to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of our publicly held shares and all other Nasdaq initial listing standards, except the bid price requirement, and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period. If the Company is not eligible or it appears to Nasdaq that the Company will not be able to cure the deficiency during the second compliance period, Nasdaq will provide written notice to the Company that the Company's common stock will be subject to delisting. In the event of such notification, the Company may appeal Nasdaq's determination to delist its securities, but there can be no assurance that Nasdaq would grant the Company's request for continued listing. The Company intends to actively monitor the minimum bid price of its common stock and may, as appropriate, consider available options to regain compliance with the Rule. There can be no assurance that the Company will be able to regain compliance with the Rule or will otherwise be in compliance with other Nasdaq listing criteria. Announcement • Jan 13
authID Announces the Integration of Verified Cloudconnect with Okta's Workforce Identity Cloud authID announced the integration of Verified CloudConnect with Okta's Workforce Identity Cloud and the expanded availability of Verified 3.0's full capabilities with Okta Customer Identity Cloud. The company's Human Factor Authentication (TM) (HFA) can now help both Okta workforce and customer identity clients on their journey to eliminate passwords, prevent unauthorized access, as well as the business disruption caused by phishing attacks and compromised credentials. Cybercriminals continue to prey on passwords, legacy MFA, and human error, which account for more than 80% of cybersecurity breaches. Delivering phishing-resistant MFA, the company's HFA couples strong FIDO2 passwordless authentication with biometric certainty to authenticate the human through any device. Verified CloudConnect complements Okta's Workforce and Customer Identity and Access Management (IAM) platforms to secure desktop and mobile devices with cryptographic FIDO2 passkeys, while seamlessly enrolling and securing workforce users and customers with a simple selfie captured in any browser. HFA significantly reduces the risk of MFA bypass and fortifies enterprise security, while delivering a simplified user experience to solve major challenges in both workforce and consumer authentication. HFA also offers a strong, portable identity and secure account recovery to Okta customers. Verified CloudConnect for Okta leverages the OpenID Connect protocols as well as an API-first approach to support HFA across all enterprise cloud, SaaS, and even legacy systems. Enabling streamlined access to the ecosystem of Identity Access Management (IAM), Privileged Access Management (PAM), and Endpoint Detection and Response (EDR) providers, Verified helps organizations secure their enterprise and consumer applications and build a zero trust security model. Additional information on the Verified CloudConnect integrations can also be found on the authID listing on the Okta Integration Network-HFA, and on authID's two listings on the Auth0 Marketplace-PasswordlessHFA and Auth0 Marketplace-BiometricMFA. Okta reviews and publishes verified integrations on the Okta Integration Network and Auth0 Marketplace, enabling ISVs to participate in the growing demand for digital identity solutions and increase their visibility as well as making it easy for customers to discover and integrate complementary solutions. Announcement • Jan 16
Ipsidy Inc., Annual General Meeting, Mar 15, 2021 Ipsidy Inc., Annual General Meeting, Mar 15, 2021. Announcement • Jan 15
Ipsidy Inc. Announces Agreement with Wipro to Combat Identity Fraud and Offer Fido2 Compliant Passwordless Login for Customers Globally Ipsidy Inc. announced an agreement with Wipro Limited to help enterprise customers combat identity fraud and to deliver seamless FIDO2 compliant Passwordless login tied to a proven identity. Wipro helps its global customers across six continents thrive in a world defined by disruption and fueled by transformative technology. Under the agreement, Wipro will team with Ipsidy to offer innovative identity solutions to address the expanding demand for building trust and identity certainty in today’s online, digital world. Verification of an individual’s identity during enrollment as well as ongoing authentication of that identity across the customer journey underpins the basis of a new form of trust and security. To that end, Wipro intends to offer Ipsidy’s facial biometric identity solutions, ProofTM and VerifiedTM, to provide enhanced identity assurance throughout the digital transformation journey. ProofTM by Ipsidy offers facial biometric identity verification utilizing trusted government-issued credentials and databases to help eliminate identity fraud during remote user and customer onboarding. Verified™ Essential, offered through Ipsidy’s partnership with LoginID, delivers a FIDO2 strong authentication and Passwordless access solution that securely and automatically creates a digital chain of trust between biometrically verified individuals, their accounts, and their devices. Instead of entering complex and often forgotten passwords, VerifiedTM allows seamless biometric authentication of enterprise employees and customers to systems, web platforms, and mobile applications. Announcement • Nov 03
Ipsidy Inc. Announces Management Changes Ipsidy Inc. announced that Phillip L. Kumnick was appointed Chairman, in succession to Philip Beck upon his retirement from the Board.
Mr. Kumnick joined the Board of Directors in November 2019, following a career of over 30 years as a senior
executive in the payments industry. In May 2020 he was appointed CEO and Deputy Chairman of the Board of
Ipsidy. Announcement • Aug 08
Ipsidy Inc. announced that it expects to receive $0.05 million in funding from Varana Capital, LLC Ipsidy Inc. (OTCPK:IDTY) announced that it has entered into subscription agreement with returning investor Varana Capital Focused, LP, a fund managed by Varana Capital, LLC for a private placement of 714,285 common shares at a price of $0.07 per share for gross proceeds of $50,000 on June 30, 2020. The company will issue securities pursuant to exemption from the registration requirements under Rule 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506 as promulgated under Regulation D.