secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001213900-23-065723
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

authID Q2 2023 revenue down to $0.04M; loss widens on $9.2M non-cash charges
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- Revenue $0.04M (Q2 2023) vs $0.07M (Q2 2022); legacy product discontinued Apr 2022.
- Net loss $10.9M (including $9.2M non-cash); net loss per share $2.15 vs $2.06 YoY.
- Adjusted EBITDA loss improved to $1.7M from $3.0M YoY on cost cuts.
- Secured $8.2M financing; converted ~$8.9M debt to equity; 1-for-8 reverse split completed in July.
- Signed ABM (Fortune 500) as customer; appointed Ed Sellitto CFO effective Aug 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390023065723/0001213900-23-065723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390023065723/ea183223-8k_authidinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-065723

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