---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-040545"
form_type: "8-K"
ticker: "AUID"
cik: "0001534154"
company_name: "authID Inc."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:39:03.271851+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# authID Q1 revenue falls to $0.04M; loss $5.2M; CFO retention bonus of $240K secured

## Summary
- Q1 revenue $0.04M (down from $0.2M); net loss $5.2M ($0.21 EPS) vs $5.1M ($0.22) prior year.
- Adjusted EBITDA loss improved to $2.2M from $2.8M due to cost savings from restructuring.
- Secured up to $3.6M in debt financing; initial drawdown $0.9M before fees and expenses.
- CFO Annie Pham entered retention agreement with up to $240,625 bonus and accelerated equity vesting on termination.
- Appointed Rhon Daguro as CEO, Joe Trelin as Chairman; four new directors elected.

## SEC filing metadata
- accession: 0001213900-23-040545
- form_type: 8-K
- ticker: AUID
- cik: 0001534154
- company_name: authID Inc.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534154/000121390023040545/0001213900-23-040545-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534154/000121390023040545/ea178743-8k_authid.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-040545
- JSON: https://secwatch.observer/filing/0001213900-23-040545.json
- Plain text: https://secwatch.observer/filing/0001213900-23-040545.txt

## Key facts
- Earnings Releases
  authID Inc. reported the first quarter ended March 31, 2023 results: revenue $0.04 million, net income $5.2 million loss, EPS $0.21 net loss per share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $0.04 million
  - Net income: $5.2 million loss
  - EPS: $0.21 net loss per share
  - Result: reported results
  source text: Daguro. Financial Results for the First Quarter Ended March 31, 2023: The following highlights comprise results from continuing operations. ● Total revenue was $0.04 million for the first quarter ended March 31, 2023, compared with $0.2 million for the first quarter of 2022. The reduction was primarily attributed to revenue from a legacy
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534154/000121390023040545/0001213900-23-040545-index.htm

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