secwatch.observer — SEC 8-K summary
======================================

Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001213900-23-027344
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

authID receives Nasdaq delisting notice for low equity; reports FY2022 loss of $23.7M
--------------------------------------------------------------------------------

- Nasdaq notice: stockholders' equity of $283,536 below $2.5M minimum; bid price also below $1.00. Plan due by May 19, 2023.
- FY2022 total revenue $0.5M; net loss $23.7M (incl. $12.0M non-cash) vs $16.7M loss in 2021.
- Adjusted EBITDA loss $11.4M in 2022 vs $8.1M in 2021; cash and equivalents $3.2M at Dec 31, 2022.
- Subsequent to year-end, secured up to $3.6M financing from Stephen J. Garchik under a facility agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390023027344/0001213900-23-027344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390023027344/ea176495-8k_authid.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-027344

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