Q1 2026 Authid Inc Earnings Call Transcript

May 14, 2026 / 09:00 PM GMT

Release Date Price: $1.31 (+10.08%)

Transcript 8-K10-Q

Key Points

Positve

AuthID Inc (AUID) reported a 62% year-over-year revenue growth for Q1 2026, reflecting strong adoption by existing enterprise customers and new deployments.
The company secured $4.2 million in bridge loan financing, providing financial stability to continue engagements with large enterprises.
AuthID Inc (AUID) launched the industry's first quantum-resistant biometric authentication platform, positioning itself ahead of competitors in addressing quantum computing threats.
A targeted reduction in operating expenses is expected to yield approximately $3.5 million in annualized savings, improving financial efficiency.
The company is actively engaged in proof-of-concept evaluations with over a dozen prospective customers across various industries, indicating strong market interest.

Negative

Operating expenses for Q1 2026 increased to $5.0 million from $4.7 million in the previous year, driven by higher stock-based compensation.
Net loss for Q1 2026 was $4.5 million, slightly higher than the $4.3 million loss in Q1 2025.
The remaining performance obligation (RPO) decreased slightly to $2.0 million from $2.2 million in Q4 2025, indicating slower contract growth.
The timeline for closing larger enterprise deals continues to extend, potentially delaying revenue realization.
Cash used in operating activities was $3.4 million for the quarter, highlighting ongoing cash flow challenges despite improvements.

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

AUID.OQ - authID Inc
Q1 2026 Authid Inc Earnings Call
May 14, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, and thank you for standing by. Welcome to the AuthID First Quarter 2026 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. Please be advised today's conference is being recorded. I would like to hand the conference over to your first speaker today, Graham Murad, General Counsel, please go ahead.

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Unidentified_2 [2]
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Thank you, Operator.

Welcome to the AuthID First Quarter 2026 Results Conference Call.

As a reminder, this conference is

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