secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001213900-22-071321
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390022071321/0001213900-22-071321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390022071321/ea168376-8k_authid.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-071321

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