secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2022-03-21T23:59:59+00:00
Accession:  0001213900-22-013739
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.02, 2.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

authID.ai FY2021 revenue $2.3M, net loss $17.7M; closes $22.5M financing
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- Total revenue $2.3M (2020: $2.1M); net loss $17.7M ($0.83 EPS) vs $11.3M ($0.63 EPS).
- Adjusted EBITDA loss $8.96M vs $5.18M, driven by higher investment in product, sales, marketing.
- Cash $6.0M at Dec 2021; post-year-end raised ~$22.5M from convertible notes, PIPE, and credit facility.
- Operational highlights: patents, partnerships with Auth0/Okta and Microsoft, new FinServ pilot.
- DHS not renewing FSS license (~$500k/year); company says no material financial impact.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390022013739/0001213900-22-013739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390022013739/ea157152-8k_ipsidyinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-013739

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer