Welcome to our dedicated page for AUTHID news (Ticker: AUID), a resource for investors and traders seeking the latest updates and insights on AUTHID stock.
AuthID Inc. (Nasdaq: AUID) delivers cutting-edge biometric identity verification solutions that empower enterprises to combat digital fraud and streamline secure user authentication. This dedicated news hub provides investors and industry professionals with essential updates on the company's technological advancements, strategic partnerships, and market positioning.
Discover official press releases covering product innovations, financial performance, and cybersecurity initiatives. Our curated collection ensures timely access to AuthID's developments in facial biometrics, passwordless authentication, and AI-driven fraud detection – critical areas shaping modern enterprise security landscapes.
Key updates include regulatory compliance milestones, technology patent announcements, and cross-industry deployment case studies. Bookmark this page for centralized access to AuthID's evolving role in redefining secure digital interactions across financial services, telecommunications, and regulated sectors.
authID [Nasdaq: AUID], a leader in biometric identity verification, will participate in a webinar hosted by Deep Knowledge Investing on June 5, 2024, at 12:00pm EDT. The event will feature authID's CEO Rhon Daguro, CFO Ed Sellitto, CTO Thomas Szoke, and Board Director Kunal Mehta, discussing the company's market strategy, growth, and future plans. Moderated by DKI Founder Gary Brode, the webinar will be accessible for DKI subscribers, and livestreamed on Twitter/X @Gary_Brode and LinkedIn Live. A replay will be available on DKI’s YouTube Channel post-event.
authID announced its 2024 Annual Meeting of Stockholders will be held virtually on June 26 at 10:00 a.m. EDT. Key proposals include electing directors, appointing auditors, reducing authorized shares, adopting the 2024 Equity Incentive Plan, and approving 'Say-on-Pay' resolutions. All seven current directors are nominated for re-election. The Proxy Statement detailing proposals has been filed with the SEC and is being mailed to stockholders. The meeting will be webcast via Zoom Events, requiring pre-registration. Stockholders can vote electronically and are encouraged to do so by proxy before the meeting.
authID reported Q1 2024 financial results, highlighting a significant revenue growth of over 300% to $0.16 million compared to Q1 2023. This was driven by new customer launches signed in 2023. Operating expenses rose to $3.31 million, and the company reported a loss from continuing operations of $3.06 million. Revenue guidance for FY 2024 is projected between $1.4 million and $1.6 million. Adjusted EBITDA loss for Q1 2024 was $2.39 million. The company signed new partnerships and expanded its sales pipeline, with a focus on larger enterprise customers expected to drive higher long-term revenue.
authID Inc. has partnered with IDMWORKS to expand the reach of its biometric identity platform across North America. The agreement aims to provide highly secure identity verification solutions to combat cyberattacks and unauthorized access in various industries. IDMWORKS will resell and integrate authID's biometric capabilities to deliver strong identity assurance and user authentication.
authID Inc. (Nasdaq: AUID) will report financial results for the first quarter ended March 31, 2024 on May 15, 2024. The company specializes in secure identity verification and authentication solutions. CEO Rhon Daguro and CFO Ed Sellitto will host a webcast at 5:30 p.m. EDT to discuss the results and provide a corporate update.
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