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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.

Rhea-AI Summary
authID signed new customer contracts preliminarily valued at over $1 million in aggregate BARR during Q3 2023, representing more than four times the highest total gross BARR reported in a single quarter. The company also secured renewals with existing customers. These achievements indicate strong market demand for authID's biometric identity verification and authentication services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
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-7.64%
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earnings
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Rhea-AI Summary
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-1.32%
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-3.06%
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conferences earnings
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3.02%
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-8.29%
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management
Rhea-AI Summary
authID® (AUID) announces a 1-for-8 reverse stock split of its common stock, effective July 10, 2023. The split is necessary to comply with Nasdaq's Minimum Bid Price Rule.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.35%
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News
Rhea-AI Summary
authID announced new customer contracts with an estimated BARR of approximately $239,000. The new customers include a Fortune 500 company, a U.S. financial institution, and an international recruitment platform. authID's VerifiedTM platform focuses on delivering fast, accurate, and user-friendly identity journeys.
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End-of-Day
-11.27%
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Rhea-AI Summary
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-5.14%
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Rhea-AI Summary
authID Inc. has closed its registered direct offering and private placement, raising approximately $8.2 million in gross proceeds. The company also exchanged $8.9 million of outstanding convertible notes for common stock. The funds will be used for working capital and to develop biometric authentication services. authID aims to eliminate identity risk in digital systems by shifting to cloud biometric authentication.
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Rhea-AI Sentiment
End-of-Day
10.17%
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offering
authID Inc

Nasdaq:AUID

AUID Rankings

AUID Stock Data

73.24M
7.68M
21.59%
7.36%
2.1%
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