authID Reports Financial and Operating Results for the Third Quarter 2026

(NASDAQ:AUID) authID reported financial and operating results for the quarter ended September 30, 2026. Thomas Szoke, Chief Executive Officer, stated that the company focused on efficient capital use, faster revenue and cash collection, and significant operating expense reductions while leveraging AI for productivity. In October 2026, authID collected $1.0 million in cash from customers and anticipates further collections in the current quarter. The company entered into a $2 million technology licensing, services, and support agreement with the EinStrong Charitable Foundation, with $1 million paid for a non-exclusive license and an additional $1 million committed for new biometric de-duplication functionality and engineering support. New customer deals were closed, including a top global retailer deploying biometric authentication for over 100,000 employees across more than 1,000 locations, a multinational manufacturing automation company, and a UK-based compliance solutions provider for the financial services industry. Channel partner achievements included Microsoft Entra Verified ID Identity Verification Partner certification, an expanded OEM agreement with MajorKey Technologies, and a strategic partnership with SynerComm. Operating expenses for the quarter were reduced by over 30% year over year, attributed to headcount and vendor-related expense reductions from the Q2 Cost Reduction Initiative and subsequent measures. A private placement of $1.35 million in senior secured convertible debentures and warrants was closed after quarter end, with proceeds for working capital and general corporate purposes. Holders of April 2026 senior secured debentures agreed to extend maturity to February 28, 2027. Total gross revenue for the quarter was $0.3 million, compared to $0.6 million a year ago. Net revenue for the quarter was $0.3 million, compared to negative ($0.1) million a year ago. Operating expenses for the three months ended September 30, 2026, were $3.4 million, compared to $5.1 million a year ago. Net loss for the quarter was $4.1 million, with $1.1 million in non-cash charges, compared to a net loss of $5.2 million and $1.0 million in non-cash charges a year ago. Loss per share was $0.24, compared to $0.38 a year ago. Adjusted EBITDA loss was $2.1 million, compared to $4.1 million a year ago. Remaining Performance Obligation (RPO) as of September 30, 2026 was $3.0 million, with $1.4 million as deferred revenue and $1.7 million as other non-cancellable contracted amounts. Approximately 74% of RPO is expected to be recognized as revenue over the twelve months ending September 30, 2027. Gross Booked Annual Recurring Revenue (bARR) signed in Q3 2026 was $0.10 million, down from $0.23 million last quarter and $0.19 million a year ago. Net bARR was $0.10 million, compared to $0.23 million last quarter and negative $6.8 million in the comparable period in 2025. Q3 bARR included $0.05 million in Committed Annual Recurring Revenue (cARR) and $0.05 million in estimated Usage Above Commitments (UAC). Annual Recurring Revenue (ARR) as of Q3 2026 was $1.1 million, compared to $1.7 million as of Q3 2025. For the three months ended September 30, 2026, revenues, net were $279,155, with total revenue, net of $263,155 after discounts and concessions of $16,000. Operating expenses for the quarter included $2,075,155 in general and administrative, $1,343,923 in research and development, and $10,315 in amortization, totaling $3,429,393. Loss from operations was $3,166,238. For the nine months ended September 30, 2026, revenues, net were $1,249,925, with total revenue, net of $1,233,925 after discounts and concessions of $16,000. Operating expenses for the nine months were $12,940,147. Loss from continuing operations for the quarter was $4,079,350, compared to $5,173,321 a year ago. Adjusted EBITDA for the quarter was negative $2,056,710, compared to negative $4,124,003 a year ago. The company is reviewing strategic and financing alternatives and did not hold a conference call for the quarter.

authID Reports Financial and Operating Results for the First Quarter 2026

authID (NASDAQ:AUID) reported its financial and operating results for the quarter ended March 31, 2026. Total revenue for the quarter was $0.5 million, up from $0.3 million a year ago, while operating expenses increased to $5.0 million from $4.7 million. The company posted a net loss of $4.5 million, or $0.28 per share, compared to a loss of $4.4 million, or $0.40 per share, in the prior year. authID secured $4.2 million in bridge financing after the quarter closed and reported a $40 million pipeline represented by 20 major accounts. The company launched a quantum-resistant biometric identity platform and expanded its partnership program.

authID Announces $4,000,000 Bridge Loan Financing

authID Inc. (NASDAQ: AUID) announced it has entered into a definitive agreement with investors to sell Senior Secured Debentures and Warrants through a private placement offering. The Warrants will be exercisable six months from closing at an exercise price of $1.50, and investors will receive a fee equal to fifteen percent of the principal investment, payable in shares priced at $1.00 or the Nasdaq Consolidated Closing Bid Price for Directors. The aggregate gross proceeds from the Offering are expected to be approximately $4,000,000, with $3.5 million in subscriptions received to date. The closing is expected to occur on or about April 29, 2026, subject to customary conditions. authID intends to use the net proceeds for working capital and general corporate purposes.