---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-024943"
form_type: "8-K"
ticker: "AUID"
cik: "0001534154"
company_name: "authID Inc."
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:23:15.750754+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# authID.ai Q1 revenue flat at $0.6M; net loss widens to $5.3M; plans exit of legacy businesses

## Summary
- Net loss $5.3M ($0.22/share) vs $2.5M ($0.13/share) YoY; Adjusted EBITDA loss $2.9M vs $1.3M.
- Revenue unchanged at $0.6M; company cites increased investment in tech, marketing, and sales.
- Board approved exit of MultiPay (Colombia) and Cards Plus (South Africa); cash costs for MultiPay <$250K; Cards Plus write-down $144K.
- Completed $22.5M financing in March to support working capital through 2023; reiterates positive cash flow target by 2024.
- CFO Stuart Stoller retiring; Annie Pham appointed successor effective June 2022; new board member Joe Trelin named.

## SEC filing metadata
- accession: 0001213900-22-024943
- form_type: 8-K
- ticker: AUID
- cik: 0001534154
- company_name: authID Inc.
- filed_at: 2022-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 2.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534154/000121390022024943/0001213900-22-024943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534154/000121390022024943/ea159574-8k_ipsidyinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-024943
- JSON: https://secwatch.observer/filing/0001213900-22-024943.json
- Plain text: https://secwatch.observer/filing/0001213900-22-024943.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.