secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001213900-22-045965
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390022045965/0001213900-22-045965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390022045965/ea163988-8k_authid.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-045965

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