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) is a software publisher focused on biometric identity verification, authentication, and Agentic AI governance, and its news flow reflects these priorities. Company announcements frequently highlight new customer wins, technology integrations, and product developments that expand the reach of its biometric identity platform.
Recent news has covered deployments with a global workforce solutions provider to combat employment identity fraud, including deepfake-resistant verification for hiring and ongoing worker authentication. authID has also reported selection by one of the largest retailers in Europe to secure identity verification and password reset for its workforce using the company’s PrivacyKey technology, as well as adoption by an educational technology organization serving correctional facilities for biometric identity proofing and authentication.
authID’s updates also describe integrations with major platforms and partners. The company has announced an integration with ServiceNow to provide secure identity verification and authentication in ServiceNow-powered contact centers, enabling agents to verify callers before making account changes or completing high-risk transactions. Additional news has highlighted collaboration with partners such as NESIC, MajorKey Technologies, a digital infrastructure platform for financial institutions, and TurboCheck for workforce fraud detection.
Investors and observers following AUID news can also expect coverage of capital markets activity, including registered direct offerings under the company’s shelf registration statement, and periodic financial and operating results. Together, these news items provide insight into authID’s progress in biometric identity, workforce verification, contact center security, and the emerging area of Agentic AI governance. Bookmark this page to review ongoing developments, partnerships, and regulatory disclosures related to authID’s business.
authID Inc. (Nasdaq: AUID), a provider of biometric identity verification and authentication solutions, has announced an inducement grant under Nasdaq Listing Rule 5635(c)(4). The company granted non-qualified options to purchase 25,000 shares of common stock to a new employee. Key details of the option grant include:
- Grant date: September 9, 2024
- Exercise price: $7.99 per share
- Vesting: Equal monthly amounts over three years, subject to continued employment
- Term: Ten years
This option was granted as an inducement for the employee entering into employment with authID, in accordance with Nasdaq regulations.
authID (Nasdaq: AUID) has released a white paper titled "The Spread of Deepfakes and How to Protect Yourself Against Them." The paper examines how deepfakes are created, enhanced, and used for fraud and other crimes. It highlights the growing threat of deepfakes to enterprises, including potential fraud losses in the tens of millions.
The white paper discusses:
- The scope of the deepfake problem and which organizations are at risk
- Best practices for combating deepfakes
- The importance of biometric authentication in the fight against deepfakes
authID's CEO, Rhon Daguro, emphasizes the need for an identity strategy that can keep pace with evolving threats while providing fast and accurate solutions for identity proofing and authentication.
authID (Nasdaq: AUID) reported financial results for Q2 2024, showing significant year-over-year growth. Total revenue increased to $0.28 million, up from $0.04 million in Q2 2023. The company's Remaining Performance Obligation (RPO) grew to $4.24 million, compared to $0.40 million a year ago. Despite progress, authID still reported a net loss of $3.3 million, or $0.34 per share, an improvement from the $10.9 million loss in Q2 2023.
authID highlighted recent partnerships with DataVisor, FinClusive, and Syntrove, expanding its market reach in cybersecurity and identity verification. The company also completed an $11 million direct offering, netting approximately $10 million. authID confirmed its 2024 revenue guidance of $1.4 million to $1.6 million, building on the $0.4 million YTD revenue.
authID Inc. (Nasdaq: AUID) has partnered with DataVisor, a leading AI-powered fraud and risk prevention platform, through a global OEM agreement. This collaboration aims to integrate authID's advanced biometric identity solutions into DataVisor's platform, enhancing defenses against identity fraud and AI-driven deepfakes for global financial services and large enterprise customers.
Key highlights of the partnership include:
- Integration of authID's biometric services to combat fraud and deepfakes
- Streamlined account onboarding and enhanced security against account takeovers
- authID's 700 milliseconds biometric processing speed
- Automated identity verification for over 14,000 government-issued ID documents
- Presentation Attack Detection (PAD) Level 2 accuracy to thwart deepfakes and other attacks
This partnership is expected to accelerate customer enrollment, reduce abandonment, and enhance revenue for DataVisor's enterprise customers while providing robust security measures.
authID Inc. (Nasdaq: AUID) and Kaiasoft.com have partnered to enhance SaaS applications with biometric identity assurance. This collaboration aims to combat AI-driven cyberattacks and deepfakes for Kaiasoft.com's clients across America and Europe. Key points include:
1. Kaiasoft.com will resell and integrate authID's biometric solutions.
2. authID's platform offers document-based identity verification and facial biometric matching.
3. The partnership targets improved security, user experience, and reduced support costs.
4. authID's solution processes images and identifies users within 700 milliseconds.
5. A cannabis ecommerce platform is their first joint customer.
This partnership addresses the growing threat of sophisticated fraud in digital enterprises, particularly in ecommerce and healthcare sectors.
authID Inc. (Nasdaq: AUID), a provider of secure identity verification and authentication solutions, has announced it will report its Q2 2024 financial results on August 8, 2024, after market close. Following the earnings release, 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.
Investors can register for the webcast through the provided link. The event will use the Zoom Events platform, and participants are advised to pre-register with a validated email address or existing Zoom account. Attendees will have the opportunity to ask questions live or through the Q&A option. A replay of the event and a copy of the presentation will be available for 90 days on authID's Investor Relations Events page.
authID Inc. [Nasdaq: AUID] and FinClusive Capital, Inc. have announced a partnership to integrate authID's biometric services into FinClusive's Compliance-as-a-Service (CaaS) platform. This collaboration aims to combat financial crimes, identity fraud, and deepfakes while providing a seamless user identity experience.
Key points:
- authID's automated identity document authentication covers over 13,000 U.S. and international government-issued ID documents
- The integration streamlines digital onboarding and ongoing authentication for FinClusive's global customer base
- The combined solution offers dynamic risk scoring, monitoring, and advanced deepfake detection
- authID's platform ensures 'Knows Who's Behind the Device™' with speed, accuracy, and precision
- The partnership supports FinClusive's mission of global financial inclusion with secure and accessible identity assurance
authID announced the closing of an $11,000,000 registered direct offering on June 27, 2024. The company sold 1,464,965 shares of its common stock at $7.50 per share, with directors purchasing at $8.16 per share. Madison Global Partners acted as the sole placement agent. The proceeds will be used to expand sales, operations, and the customer success team to accommodate growth. CEO Rhon Daguro highlighted the company's 10x market cap increase and 12x sales bookings growth over the past year. The offering was made under a shelf registration statement declared effective by the SEC in November 2021.
authID.ai [Nasdaq: AUID], a provider of biometric identity verification and authentication solutions, held its 2024 Annual Shareholder Meeting via webcast on June 26, 2024. During the meeting, all nominated directors were re-elected, and all proposed resolutions were adopted. CEO Rhon Daguro updated shareholders on the company's activities following the meeting adjournment.
authID announced a definitive agreement to sell 1,464,965 shares of its common stock in a registered direct offering, expected to generate $11 million in gross proceeds. The shares are priced at $7.50 each, except for company directors, who will pay $8.16 per share. Closing is anticipated around June 27, 2024, pending customary conditions. Madison Global Partners is the sole placement agent. The funds will support authID's expansion in sales, operations, and customer support to handle new clients. The shares are offered per a shelf registration statement effective November 10, 2021.