AUTHID INC Stock Price, News & Analysis

authID (Nasdaq: AUID) announced a partnership with the American Board of Radiology (ABR) to implement its facial biometric solution, Verified, for certification exams. This collaboration enhances identity assurance for candidates through a seamless verification process. The ABR launched an online exam platform in May 2021, necessitating remote identity verification due to pandemic-related restrictions. The Verified solution allows candidates to self-verify via a simple selfie, improving exam integrity and candidate experience.

authID (Nasdaq: AUID) announced it will release its financial results for Q2 2022 on August 9, following which CEO Tom Thimot and CFO Annie Pham will host a conference call at 5:30 p.m. EDT. This earnings release is expected to shed light on the company's performance in the biometric identity authentication sector. Investors can access the webcast and presentation through provided links, with a replay available for 90 days on authID’s Investor Relations page.

authID.ai (Nasdaq: AUID) reported financial results for Q1 2022, achieving total revenue of $0.6 million, unchanged from Q1 2021. However, net loss increased to $5.3 million, compared to $2.5 million a year prior, with a net loss per share of $0.22. The company secured $22.5 million in financing to support growth initiatives. Key accomplishments included new customer agreements, integration with Microsoft, and recognition as the 'Best ID Management Platform' by the FinTech Breakthrough Awards. The company aims for positive cash flow by 2024.

authID.ai (Nasdaq: AUID) announces the appointment of Annie Pham as Chief Financial Officer effective June, following Stuart Stoller's retirement after serving since 2017. During his tenure, Stoller significantly contributed to the company’s growth and its Nasdaq uplisting in 2021, alongside a funding raise of over $22 million. Pham, with over 20 years of finance experience, comes from SonicWall, where she led a team of over 30 professionals. She aims to execute the company's growth strategy and enhance financial management, driving value for customers and shareholders.

authID.ai (Nasdaq: AUID) will report its financial results for the first quarter ending March 31, 2022, on May 9, 2022, after market close. Following this, CEO Tom Thimot and CFO Stu Stoller will host a conference call at 5:30 p.m. EDT to discuss the results and provide updates. Investors can access the call via a dedicated link or by dialing in, and a replay will be available until May 16. The company specializes in biometric identity authentication solutions, aiming to enhance security and privacy for users.

authID.ai (Nasdaq: AUID) has appointed Joe Trelin to its Board of Directors, significantly enhancing its leadership with his extensive experience from CLEAR and NBC Universal. Trelin's expertise in technology product management and identity service innovation comes at a critical growth phase for the company, especially following their recent funding of over $22 million. His background in developing identity platforms across various sectors positions authID to innovate in the biometric authentication market, aiming to combat digital fraud effectively.

authID.ai has successfully completed a financing round of $22.5 million, which will support operations through 2023. For the year ended December 31, 2021, the company reported total revenue of $2.3 million, up from $2.1 million in 2020, but suffered a net loss of $17.7 million, compared to $11.3 million in the prior year. The adjusted EBITDA loss increased to $8.96 million. The company aims to strengthen its position in the identity authentication market by enhancing its Verified Identity as a Service (IDaaS) platform and leveraging strategic partnerships.