Q1 2025 Authid Inc Earnings Call Transcript
Key Points
- AuthID Inc (AUID) is in contract negotiations with a large global Fortune 500 prospect for its identity verification and biometric solution.
- The company signed a paid live production trial agreement with a global Fortune 100 retailer, aiming for a long-term contract by year-end.
- AuthID Inc (AUID) has been confirmed as the selected vendor by one of the largest identity fraud platforms and is in final contract negotiations.
- The company completed two capital raises, securing nearly $9 million, which improved its balance sheet and broadened its investor base.
- AuthID Inc (AUID) earned the Best ID Management Platform award in the 2025 FinTech Breakthrough Awards, highlighting its innovative solutions.
- AuthID Inc (AUID) reported a net loss of $4.3 million for Q1 2025, an increase from the $3.1 million loss in the same period last year.
- Operating expenses increased to $4.7 million in Q1 2025 from $3.3 million a year ago, primarily due to increased headcount investments.
- The company's Booked Annual Recurring Revenue (bARR) for Q1 2025 was only $0.01 million, down from $0.10 million a year ago.
- AuthID Inc (AUID) experienced delays in the sales process for certain deals, impacting its Q1 bookings.
- The company's revenue of $0.3 million for Q1 2025, while an increase from the previous year, remains modest compared to its expenses.
Good afternoon, everyone, and thank you for participating in today's conference call to discuss authID's first-quarter 2025 financial results. (Operator Instructions)
As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, General Counsel, Graham Arad. Graham, please go ahead.
Thanks, operator. Greetings, and good afternoon. This is Graham Arad, General Counsel, at authID. Welcome to the authID first-quarter 2025 earnings conference call. As a reminder, this conference is being recorded.
Joining me on today's call are our CEO, Rhon Daguro; our CFO, Ed Sellitto; and our Founder and CTO, Tom Szoke. By now, you should have access to today's press release announcing our first quarter 2025 results. If you have not received this, the release can be found on our website at www.authid.ai under the Investor Relations section. Throughout this conference call we will be presenting certain non-GAAP
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
