---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-071321"
form_type: "8-K"
ticker: "AUID"
cik: "0001534154"
company_name: "authID Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:55:39.630929+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# authID Q3 revenue drops to $0.03M; net loss widens to $6.3M; launches Verified 3.0

## Summary
- Revenue $0.03M (all Verified licenses) vs $0.2M in Q3 2021; nine-month revenue $0.3M vs $0.5M.
- Net loss $6.3M ($0.25 per share) vs $5.2M ($0.22) in Q3 2021; nine-month net loss $18.2M.
- Adjusted EBITDA loss $3.3M vs $2.6M in Q3 2021; nine-month loss $9.1M vs $5.0M.
- Launched Verified 3.0 with Human Factor Authentication in October; signed customer Kompliant and financial services firms.
- CEO: cash and credit support operations through 2023; target positive cash flow in late 2024; sales cycles lengthened by macro headwinds.

## SEC filing metadata
- accession: 0001213900-22-071321
- form_type: 8-K
- ticker: AUID
- cik: 0001534154
- company_name: authID Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534154/000121390022071321/0001213900-22-071321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534154/000121390022071321/ea168376-8k_authid.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-071321
- JSON: https://secwatch.observer/filing/0001213900-22-071321.json
- Plain text: https://secwatch.observer/filing/0001213900-22-071321.txt

## Key facts
- Earnings Releases
  authID Inc. reported the nine months ended September 30, 2022 results: revenue $0.3 million, net income $18.2 million, EPS $0.73.
  - Period: the nine months ended September 30, 2022
  - Revenue: $0.3 million
  - Net income: $18.2 million
  - EPS: $0.73
  - Result: reported results
  source text: ● For both the three and nine-month periods, Verified software license revenue increased year over year. Total revenue for the three months ended September 30, 2022 was $0.03 million comprising only Verified software license revenue, compared with total revenue of $0.2 million for the same period in 2021, of which $0.01 million was from licenses of Verified software. For the nine months ended September 30, 2022, total revenue was $0.3 million, of which $0.1 million comprised Verified software license revenue. This compared with total revenue for the nine months ended September 30, 2021 of $0.5 million, of which $0.05 million was from Verified software license sales. ● Net loss for the three months ended September 30, 2022 was $6.3 million, compared with $5.2 million a year ago. For the nine-month period in 2022, net loss totaled $18.2 million, of which non-cash charges were $8.3 million. This compared with a net loss of $10.7 million, of which $5.3 million were non-cash charges, for th
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534154/000121390022071321/0001213900-22-071321-index.htm
- Earnings Releases
  authID Inc. reported the three months ended September 30, 2022 results: revenue $0.03 million, net income $6.3 million, EPS $0.25.
  - Period: the three months ended September 30, 2022
  - Revenue: $0.03 million
  - Net income: $6.3 million
  - EPS: $0.25
  - Result: reported results
  source text: ● For both the three and nine-month periods, Verified software license revenue increased year over year. Total revenue for the three months ended September 30, 2022 was $0.03 million comprising only Verified software license revenue, compared with total revenue of $0.2 million for the same period in 2021, of which $0.01 million was from licenses of Verified software. For the nine months ended September 30, 2022, total revenue was $0.3 million, of which $0.1 million comprised Verified software license revenue. This compared with total revenue for the nine months ended September 30, 2021 of $0.5 million, of which $0.05 million was from Verified software license sales. ● Net loss for the three months ended September 30, 2022 was $6.3 million, compared with $5.2 million a year ago. For the nine-month period in 2022, net loss totaled $18.2 million, of which non-cash charges were $8.3 million. This compared with a net loss of $10.7 million, of which $5.3 million were non-cash charges, for th
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534154/000121390022071321/0001213900-22-071321-index.htm

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