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authID Inc - AUID STOCK NEWS

Welcome to our dedicated news page for authID (Ticker: AUID), a resource for investors and traders seeking the latest updates and insights on authID.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect authID's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of authID's position in the market.

News
authID Selected by National Notarial Centralized Verification System For Secure Biometric Identity Assurance
Rhea-AI Summary
authID Inc. (Nasdaq: AUID) partners with National Notarial Centralized Verification System to deploy biometric identity life-cycle platform for real-time identity assurance in the online notary industry. The collaboration aims to prevent fraud, detect deepfakes, and enhance user authentication experience, transforming the notary industry into a secure and efficient online service nationwide.
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authID Announces Key Customer Launches in Q1
Rhea-AI Summary
authID Inc. (Nasdaq: AUID) announces new client deployments in the first quarter of 2024, driving revenue growth and enhancing customer satisfaction. The company worked with lending fintech, digital wallet, and social commerce clients to launch biometric identity verification services, leading to increased operational efficiency and revenue. CEO Rhon Daguro highlights the importance of frictionless user experience and partnership with channel partners to expand market reach.
Rhea-AI Impact
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-0.13%
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Leading Biometric Identify Verification & Authentication Firm authID Inc. Appoints Kunal Mehta to its Board of Directors
Rhea-AI Summary
authID.ai appoints Kunal Mehta, a global business development expert, to its Board of Directors, enhancing strategic growth and go-to-market strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.6%
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management
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authID Inc. Reports Financial and Operating Results for the Fiscal Year Ended December 31, 2023
Rhea-AI Summary
authID Inc. reports a significant increase in signed contract RPO value, a 4,800% rise over 2022, accelerating the achievement of their $3 million bARR target by 6 months. The company's financial results for 2023 show a total revenue of $0.2 million, operating expenses declining by 52% to $10.9 million, and a net loss per share improving to $3.19. authID's strong momentum in booking contracts and innovative biometric solutions position them for growth in the biometric identity verification and authentication market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.62%
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earnings
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authID and Verified Inc. Partner to Launch 1-Click Identity Verification
Rhea-AI Summary
authID Inc. (Nasdaq: AUID) partners with Verified Inc. to launch 1-Click identity verification, offering secure, frictionless customer onboarding. The partnership combines biometric identity verification and digital identity network for instant, secure onboarding across various industries.
Rhea-AI Impact
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End-of-Day
0.95%
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partnership
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authID to Report Fiscal Year 2023 Financial Results on March 20, 2024
Rhea-AI Summary
authID Inc. (AUID) to report financial results for Q4 and fiscal year 2023. CEO and CFO to host webcast to discuss results and provide corporate update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
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conferences earnings
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authID Inc. Announces Change to its Board of Directors for Next Phase of Growth
Rhea-AI Summary
Chairman Joe Trelin retires from authID.ai Board of Directors after contributing to a significant rise in sales bookings and strategic hires. The Company is in search of additional independent directors for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
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management
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authID Positions for Strong Growth in Biometric Identity Verification and Authentication with New Identity Domain Talent
Rhea-AI Summary
authID® [Nasdaq: AUID] announces the appointment of new talent to drive further growth in 2024. The company is expanding its sales, customer success, and engineering teams after a successful fund-raise in November 2023. The new hires bring extensive experience in biometric authentication and identity solutions, aiming to strengthen the company's market position and accelerate growth.
Rhea-AI Impact
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End-of-Day
-1.6%
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authID Achieves 12x Year Over Year Growth 2x Faster Than Planned
Rhea-AI Summary
authID, a leading provider of biometric identity verification solutions, experienced a record 1,200% year-over-year sales growth, securing $3 million in sales bookings. The company strengthened its financial position by raising $17.6 million and converting $9 million in debt to equity. This, combined with cost-cutting measures and a reverse stock-split, helped authID regain Nasdaq listing compliance. The CEO and CFO appointments led to significant sales pipeline growth and quarter-over-quarter sales increases. The company aims to prevent cybercrime by providing fast and accurate identity authentication solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
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News
authID Announces Adoption of Inducement Grant Plan Under Nasdaq Listing Rule 5635(c)(4)
Rhea-AI Summary
authID Inc. (Nasdaq: AUID) announced the adoption of an Inducement Grant Plan, allocating 185,000 shares of common stock for option awards to new employees. The Exercise Prices range from $9.31 to $9.61, with future options to be granted at the closing price of AUID shares on the Nasdaq stock market. All options will vest in 36 equal amounts over three years, subject to continued employment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
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Stock AUID logo
authID Inc

Nasdaq:AUID

AUID Rankings

#4515 Ranked by Market Cap
#4211 Ranked by Stock Gains
N/A Ranked by Dividends

AUID Stock Data

73.24M
7.67M
21.86%
7.35%
2.79%
Software Publishers
Information
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United States
Long Beach

About AUID

ipsidy, inc. ____________________________________ ipsidy, inc. is a public company trading under the symbol ("idty"​). the company was founded in 2009 to pioneer key innovative approaches for the development, integration, and delivery of advanced digital identification solutions. ipisdy is headquartered in long beach, new york, usa. the company’s footprint includes offices and public and private sector customers in north america, emea, south america, and africa. ipsidy’s security solutions is comprised of identity verification solutions for financial services organizations (idcomplete) and governments (idsolutions). idcomplete provides a secure method enabling the ability to approve or decline transactions in real-time. idcomplete can be deployed on open payment networks, closed payment networks, and in for applications to out of band transaction security. the company’s idsolutions portfolio provides civilian centric software and hardware products for national id, voter registration, e