STOCK TITAN

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.

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%
Tags
management
-
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
Rhea-AI Sentiment
End-of-Day
-1.6%
Tags
none
-
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%
Tags
none
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%
Tags
none
-
Rhea-AI Summary
authID (Nasdaq: AUID) signs new customer contracts with $1.7 million gross Booked Annual Recurring Revenue in Q4 2023, representing a 64% increase over the third quarter. The company's biometric lifecycle identity platform is gaining traction, catering to various industries including digital wallet providers, entertainment business software, mobile application providers, and service providers of verified identities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
Tags
none
-
Rhea-AI Summary
Supply Wisdom (ticker symbol: SW) has appointed Tom Thimot as CEO, with Atul Vashistha remaining as Chairperson of the Board. The company also promoted Jenna Wells to Chief Customer & Product Officer and Sowmya Krishnaswamy to Chief Technology Officer. In 2023, Supply Wisdom grew its ARR by at least 75% and expanded its client portfolio, adding new clients in the technology and financial services sectors. Thimot brings 30+ years of experience scaling SaaS-based tech companies and deep experience in data, analytics, and identity technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.37%
Tags
none
Rhea-AI Summary
authID Inc. (Nasdaq: AUID) grants 10,000 non-qualified options to a new employee at an exercise price of $9.85 per share, vesting annually over three years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
authID (Nasdaq: AUID) and PickleJar Entertainment Group (OTC: NREG) have announced a partnership to deploy authID’s identity life-cycle platform, combining PickleJar’s industry-leading artists payments, social commerce, performance ticketing, and crowdfunding services with authID’s world-class enterprise delivery and next-gen fraud mitigation technology services. The partnership aims to strengthen digital engagement and payments between creative artists and followers, delivering a seamless, social user experience that maintains high trust-levels between artists and their fans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
authID Inc. (AUID) closed a Registered Direct Offering, selling 1,574,990 shares of common stock at $6.00 per share, resulting in approximately $9.4 million in gross proceeds. The Company plans to use the net proceeds for working capital and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
Tags
offering
Rhea-AI Summary
authID Inc. (NASDAQ: AUID) Announces $9.4 Million Registered Direct Offering of Common Stock at $6.00 per Share, Expects Sales Growth and $9M in bARR for 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.5%
Tags
offering
authID Inc

Nasdaq:AUID

AUID Rankings

AUID Stock Data

92.04M
6.37M
21.15%
7.36%
2.16%
Software Publishers
Information
Link
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