authID Q2 net loss widens to $6.4M; revenue flat at $0.1M; targets positive cash flow by 2024

authID Inc.

Q2 2022 revenue $0.1M (flat YoY); net loss $6.4M ($0.26 per share) vs $3.0M a year ago.
Adjusted EBITDA loss $3.0M vs $1.3M YoY; six-month 2022 loss $5.9M.
CEO cites longer sales cycles; sees Verified Workforce as bright spot; reiterates positive cash flow target by early 2024.
Customer wins include American Board of Radiology and several financial services firms.
Exit of MultiPay Colombia expected to cost ~$252k ($195k employee benefits, $57k accelerated depreciation).

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