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 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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