New Risk • Aug 16
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$13m 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$13m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (€7.36m market cap, or US$8.52m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (US$1.3m revenue). 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: €8.31m (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 Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 1.8% per year over the past 5 years. Market cap is less than US$10m (€8.31m market cap, or US$9.58m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (US$2.2m revenue). New Risk • Jul 24
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 German stocks, typically moving 13% 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 (13% average weekly change). Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (US$2.2m revenue). Market cap is less than US$100m (€10.7m market cap, or US$12.1m). Tillkännagivande • Jun 02
authID Inc., Annual General Meeting, Jul 06, 2026 authID Inc., Annual General Meeting, Jul 06, 2026. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Kunal Mehta was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 20
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). Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • May 19
authID Inc., Annual General Meeting, Jun 26, 2025 authID Inc., Annual General Meeting, Jun 26, 2025. Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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. Reported Earnings • Nov 09
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). Tillkännagivande • 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: €168k 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 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 (€168k sold). Market cap is less than US$100m (€69.4m market cap, or US$77.4m). Tillkännagivande • 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 €123k worth of stock On the 26th of August, Thomas Szoke sold around 17k shares on-market at roughly €7.27 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. 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). Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • May 19
authID Inc., Annual General Meeting, Jun 26, 2024 authID Inc., Annual General Meeting, Jun 26, 2024. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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). Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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 25
Insider recently bought €914k worth of stock On the 20th of November, Stephen Garchik bought around 167k shares on-market at roughly €5.48 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 €1.2m more in shares than they have sold in the last 12 months. Tillkännagivande • 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 11
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). Tillkännagivande • 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 New Risk • Aug 13
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$10m 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$10m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (154% increase in shares outstanding). Revenue is less than US$1m (US$371k revenue). Minor Risk Market cap is less than US$100m (€67.0m market cap, or US$73.4m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: US$2.15 loss per share (vs US$2.06 loss in 2Q 2022) Second quarter 2023 results: US$2.15 loss per share (further deteriorated from US$2.06 loss in 2Q 2022). Net loss: US$10.9m (loss widened 71% from 2Q 2022). Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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 Board Change • May 25
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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.25 loss per share (vs US$0.23 loss in 3Q 2021) Third quarter 2022 results: US$0.25 loss per share (further deteriorated from US$0.23 loss in 3Q 2021). Revenue: US$30.0k (down 94% from 3Q 2021). Net loss: US$6.19m (loss widened 19% from 3Q 2021). Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Chairman of the Board Phil Kumnick is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 12
Third quarter 2022 earnings released: US$0.25 loss per share (vs US$0.23 loss in 3Q 2021) Third quarter 2022 results: US$0.25 loss per share (further deteriorated from US$0.23 loss in 3Q 2021). Revenue: US$30.0k (down 94% from 3Q 2021). Net loss: US$6.19m (loss widened 19% from 3Q 2021). Tillkännagivande • Oct 28
authID Inc. to Report Q3, 2022 Results on Nov 10, 2022 authID Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 10, 2022 Tillkännagivande • Oct 21
authID Introduces Human Factor Authentication with the Launch of Verified 3.0 to Accelerate Zero Trust Strategies authid.ai announced the launch of Verified 3.0, its next-generation platform that delivers Human Factor Authentication™ (HFA). authID’s Verified platform binds strong, “unphishable”, passwordless authentication with biometric identity, which offers customers a streamlined path to zero trust architecture. Verified best-of-breed FIDO2 passwordless authentication is certified by the FIDO Alliance to be compliant and interoperable with FIDO specifications. Legacy multi-factor authentication (MFA) falls short in protecting against today’s sophisticated social engineering attacks. More than 82% of data breaches exploit a human element, such as phishing attacks and credential compromise, in which cybercriminals rely on passwords and human error to be successful – costing companies globally an average of $4.4 million per data breach. Verified HFA closes security gaps for enterprise workforce and consumer applications by combining passwordless authentication with biometric certainty to shut down access, privileges, and lateral movement for unauthorized users. With Verified 3.0, organizations now have access to a single platform that eliminates the risks and hassles of using passwords, while protecting valued systems and corporate assets with strong identity assurance. Whenever the enterprise needs to authorize user access to sensitive applications, perform a high-risk activity, or to add or recover a new device, Verified seamlessly elevates authentication, with a quick selfie captured in seconds in any browser, to verify the human behind the device. Verified 3.0 incorporates feature sets demanded by customers for adaptive authentication, that balances speed and ease of use with enhanced security. Through enhanced support for the OpenID Connect (OIDC) authentication protocol, Verified 3.0 makes the move to zero trust easier, offering customers streamlined access to the ecosystem of Identity Access Management (IAM), Privileged Access Management (PAM), and Endpoint Detection and Response (EDR) providers. Enhanced User Experience Features of Verified 3.0 include: Seamless Passwordless Authentication: FIDO2 certified passwordless authentication allows workforce users and consumers to log in 100% password-free across any mobile or desktop device. Secure, Portable Account/Device Add & Recovery: Using their cloud-biometrics, users can now seamlessly add new devices and recover from a lost device – no need to call a help desk, and no need to fall back to insecure legacy MFA. 2-SecondSelfieCapture: Verified is certified for iBeta PAD Level 2 liveness detection. Users no longer need to smile during a selfie, resulting in captures as quick as 2-seconds. Enhanced Customer Implementation Experiences of Verified 3.0 include: Expanded and Quicker Implementation Options: Support of OIDC protocols delivers HFA connections with the identity ecosystem, including IAM, PAM, and EDR providers, as well as popular cloud applications in under 10 minutes. Customers continue to enjoy the flexibility to develop custom integrations using authID APIs. Authentication Orchestration Policies: Verified now includes a new workflow management tool that streamlines enterprise rollout by eliminating custom workflow development and offering easy configuration of user onboarding and authentication rules on a per use-case and/or per identity provider basis. Federated Cloud Identity: Verified offers a single cloud platform with support for the identity eco-system to enable federated enterprise access with a single identity across their tech stack of legacy, SaaS, and cloud applications. Reported Earnings • Aug 11
Second quarter 2022 earnings released: US$0.26 loss per share (vs US$0.15 loss in 2Q 2021) Second quarter 2022 results: US$0.26 loss per share (down from US$0.15 loss in 2Q 2021). Revenue: US$66.4k (down 89% from 2Q 2021). Net loss: US$6.37m (loss widened 108% from 2Q 2021). Tillkännagivande • Aug 06
authID Inc., Annual General Meeting, Sep 20, 2022 authID Inc., Annual General Meeting, Sep 20, 2022, at 10:00 Eastern Standard Time. Agenda: To elect the eight director nominees named in the Proxy Statement to hold office until the next annual meeting of stockholders and until their successors are duly elected and qualified; to ratify the appointment of Cherry Bekaert LLP as the Company’s independent auditors for the fiscal year ending December 31, 2022; to approve an amendment to the company's Amended and Restated Certificate of Incorporation to decrease the number of authorized shares of common stock (the “Authorized Share Decrease”) from 1,000,000,000 to 250,000,000 (the “Authorized Share Decrease Proposal”); and to discuss other matters. Board Change • Jul 26
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Chairman of the Board Phil Kumnick is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Jul 21
authID Inc. to Report Q2, 2022 Results on Aug 09, 2022 authID Inc. announced that they will report Q2, 2022 results After-Market on Aug 09, 2022 Reported Earnings • May 11
First quarter 2022 earnings released: US$0.23 loss per share (vs US$0.13 loss in 1Q 2021) First quarter 2022 results: US$0.23 loss per share (down from US$0.13 loss in 1Q 2021). Revenue: US$607.4k (up 3.1% from 1Q 2021). Net loss: US$5.30m (loss widened 113% from 1Q 2021). Board Change • Apr 29
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Chairman of the Board Phil Kumnick is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Apr 27
authID.ai Announces Executive Changes authID.ai announced that Annie Pham will be appointed as Chief Financial Officer, in June 2022, following the planned retirement of Stuart Stoller, who has served as company's CFO since 2017. To help ensure a smooth transition, Ms. Pham will work closely with Mr. Stoller, who will continue with the Company in an advisory capacity. Pham has served in senior finance leadership roles in the technology sector, most recently at SonicWall, Inc, where she served as Vice President and Chief Accounting Officer from 2017 to the present. From 2014 to 2017, Pham served as Vice President of Finance at Applied Micro Circuits Corporation. From 2008 to 2014, Pham served as Director, Assistant Corporate Controller at Broadcom. Tillkännagivande • Apr 26
Ipsidy Inc. to Report Q1, 2022 Results on May 09, 2022 Ipsidy Inc. announced that they will report Q1, 2022 results After-Market on May 09, 2022 Tillkännagivande • Apr 20
authID.ai Appoints Joe Trelin to its Board of Directors authID.ai announced that Joe Trelin has been named to the company’s Board of Directors. As the former Chief Platform Officer of CLEAR, Trelin brings to authID invaluable industry expertise in technology product management as well as systems, platform, and application development. He is the Company’s fifth independent director, bringing the total number of directors to eight executives from senior leadership roles spanning technology, IT consulting, operations, risk, accounting, and financial services. Recent Insider Transactions • Mar 24
President & CTO recently bought €45k worth of stock On the 21st of March, Cecil Smith bought around 14k shares on-market at roughly €3.35 per share. This was the largest purchase by an insider in the last 3 months. This was Cecil's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 22
President & CTO recently bought €45k worth of stock On the 21st of March, Cecil Smith bought around 14k shares on-market at roughly €3.35 per share. This was the largest purchase by an insider in the last 3 months. This was Cecil's only on-market trade for the last 12 months. Tillkännagivande • Feb 24
authID.ai Receives Notice of Allowance from USPTO for Multi-Party, Multi-Factor Authentication authID.ai announced the company has received a Notice of Allowance from the U.S. Patent and Trademark Office for its multi-party, multi-factor authentication method. The patent protects a core component of authID’s intellectual property relating to its Verified™ identity verification platform. Entitled A Method and System for Transaction Authorization Based on a Parallel Autonomous Channel Multi-User and Multi-Factor Authentication, the patent comprises a method that enables an account holder to authorize a transaction, and at the same time a third-party identity verifier to validate the identity of the account holder, for example through a personal code or biometrics, and confirm the account holder’s consent for the transaction. By orchestrating authentication transactions, authID.ai’s method combines explicit consent for the transaction with identity verification, and creates a permanent record of both, for all parties, secured with a unique digital signature. Identity is at the core of all digital transformation. Insecure identity authentication methods can be exploited to capture user identity information or generate fake transactions for the account holder to approve, when in reality they may approve a different transaction. In one well-documented case, criminals tricked users into thinking they were applying for a job, when instead the scammers used an identity transaction to fraudulently apply for government benefits in the user’s name. Whenever a user accesses a bank account, confirms a payment, or authorizes sharing of sensitive financial, health, or other personal information, it is essential to both authenticate the user’s identity and confirm that they have provided consent for the transaction. The multi-party, multi-factor authentication patent protects critical parts of authID.ai’s Verified step-up authentication process, an extra identity security check for confirming the identity of an account holder initiating a transaction. This patent defines a method that achieves those objectives, and simultaneously creates an unchallengeable audit trail for all parties. Tillkännagivande • Jan 22
authID.ai Launches Verified Platform Version 2.4 authID.ai announced the launch of Verified Platform Version 2.4. Designed to meet the demands of today’s mobile users for more convenient and seamless identity authentication, the release offers a streamlined user experience, improved speed and enhanced artificial intelligence-backed capabilities. It delivers a sleeker and more convenient user interface and superior quality assessment elements to deliver a consistent, trusted identity authentication process.Users work, shop, socialize, bank, and game across a range of mobile and desktop devices. Verified is a facial biometric authentication solution that prevents skilled cybercriminals and credential-stuffing bots from infiltrating accounts and seizing assets, thereby helping organizations secure their platforms, data, and users from fraud. The product allows users to verify their identities seamlessly with a simple selfie capture on the smart devices they use every day. Verified can be called at any point in the customer journey to mitigate fraud risk for both consumer and workforce use-cases, including system logins, online transactions, funds transfers, account changes or customer support requests. The Verified 2.4 browser-based user interface provides the following enhancements: A refreshed, modernized user interface to improve customer experience; Enhanced cross-device user authentication capabilities that increase portability; Selfie recapture allowance to reduce false rejections caused by unmet quality and liveness thresholds; In-browser quality analysis of facial positioning, smile detection, as well as glare and lighting to improve real-time feedback and expedite the identity authentication process. Consumers and enterprises can no longer rely solely on a password to secure an account. Risky password practices and legacy authentication methods allow hackers to easily infiltrate and seize accounts through phishing, smishing, credential stuffing, and other common tactics. Knowing with certainty who is accessing an account, requesting an account change, downloading company assets, or wiring funds is critical to making identity fraud a thing of the past. Board Change • Jan 04
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Chairman of the Board Phil Kumnick is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Dec 20
Chief Financial Officer recently sold €1.3m worth of stock On the 15th of December, Stuart Stoller sold around 95k shares on-market at roughly €14.03 per share. This was the largest sale by an insider in the last 3 months. This was Stuart's only on-market trade for the last 12 months. Tillkännagivande • Dec 17
authID.ai Announces the Availability of Verified CloudConnect on Auth0 Marketplace authID.ai announced the availability of Verified CloudConnect on Auth0 Marketplace, a catalog of trusted technology integrations that extend the functionality of Auth0’s identity management platform. Verified deploys cloud-based, facial biometrics software to replace vulnerable one-time passwords and cumbersome multi-step, multi-device authentication processes. Verified CloudConnect delivers fortified authentication for both consumer and workforce-related access without additional hardware, mobile apps, or single-use pin-codes. Verified offers an in-browser solution that is supported across all devices used to access enterprise data and resources, without requiring a separate app download. At login, after users enter their Auth0 credentials, the Verified UX adds an additional factor of authentication – a live selfie. That selfie is analyzed in real-time for liveness, defending user accounts from deepfakes and other spoofing attempts. Verified converts the facial image to an encrypted, biometric template (a mathematical representation that cannot be transformed back into an image) used for 1:1 matching. Verified CloudConnect is a flexible, drop-in solution that seamlessly extends the Auth0 Identity Platform to secure B2B, B2C, and B2E environments. Flexible and cloud-native, it can be used across enterprise platforms on any internet-connected device with a camera. It also complements Auth0’s extensible identity platform as well as the integration of adjacent technologies that support digital transformation, threat detection, compliance, customer conversion, and other projects. Executive Departure • Dec 02
Chief Solutions Architect Thomas Szoke has left the company On the 1st of December, Thomas Szoke was replaced as CEO by Thomas Thimot after 2.1 years in the role. Thomas still personally held 736.11k shares (€7.7m worth) as of September 2021. This is 3.2% of the company. Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model.