Q4 2024 Authid Inc Earnings Call Transcript

Mar 13, 2025 / 09:00 PM GMT

Release Date Price: $4.76 (-0.21%)

Transcript 8-K10-K

Key Points

Positve

AuthID Inc (AUID) achieved a 3X growth in booked Annual Recurring Revenue (ARR) within six months, surpassing their initial 12-month target.
The company closed the largest deal in its history, a $10 million contract over three years with a next-generation AI partner in India.
AuthID Inc (AUID) expanded its partner ecosystem, including a partnership with Zendesk, enhancing its market reach and customer base.
The company introduced Privacy Key, a significant advancement in biometric authentication, offering frictionless security while maintaining high data privacy standards.
AuthID Inc (AUID) is positioned to close multiple Fortune 500 and multinational customer deals in 2025, indicating strong future growth potential.

Negative

Operating expenses increased significantly to $15.6 million in 2024 from $10.9 million in 2023, impacting profitability.
The company reported a net loss from continuing operations of $14.3 million for the full year, despite improvements in revenue.
AuthID Inc (AUID) experienced a temporary decrease in ARR from $1.0 million in Q3 to $0.8 million in Q4 due to contract modifications.
The increase in EBITDA loss to $11.9 million in 2024 from $8.7 million in 2023 was primarily due to reinvestment in employees and contractors.
Some customer contracts experienced delays in go-live timelines, affecting the immediate recognition of revenue.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AUID.OQ - authID Inc
Q4 2024 Authid Inc Earnings Call
Mar 13, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon everyone, and thank you for your participation in today's conference call to discuss AS ID 4th quarter and full year 2024 financial results. I would now like to turn the call over to AID general counsel, Graham Arad. Graham, please go ahead.

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Unidentified_2 [2]
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Thank you operator, greetings and good afternoon. This is Grahamad, General Counsel at AID.

Welcome to the AID fourth quarter and full year 2024 earnings conference call.

As a reminder, this conference is being recorded.

With me on today's call are our CEO Ron Deguro, our

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