Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
authID Inc. reported the nine months ended September 30, 2023 results: revenue $0.12 million, net income $16.4 million, EPS $3.05.
- Period
- the nine months ended September 30, 2023
- Revenue
- $0.12 million
- Net income
- $16.4 million
- EPS
- $3.05
- Result
- reported results
Exact text from the filing
● Total revenue for the three months ended September 30, 2023 was $0.04 million, compared with total revenue of $0.03 million for the same period in 2022. For the nine months ended September 30, 2023, total revenue was $0.12 million, compared with total revenue for the nine months ended September 30, 2022 of $0.26 million. Verified license revenue was unchanged at $0.1 million for both nine-month periods. ● Operating expenses for the three months ended September 30, 2023 declined to $3.8 million, compared with $5.7 million for the comparable period in 2022. For the nine-month period in 2023, operating expenses declined to $7.6 million, compared with $16.9 million for the same period last year. The reduced expenditure reflects the Company’s cost-saving measures taken in the first half of this year, resulting in lower headcount costs and lower third-party vendor costs. ● Loss for the three months ended September 30, 2023 improved to $3.7 million, of which non-cash charges were $1.8 milli
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
authID Inc. reported the three months ended September 30, 2023 results: revenue $0.04 million, net income $3.7 million, EPS $0.47.
- Period
- the three months ended September 30, 2023
- Revenue
- $0.04 million
- Net income
- $3.7 million
- EPS
- $0.47
- Result
- reported results
Exact text from the filing
● Total revenue for the three months ended September 30, 2023 was $0.04 million, compared with total revenue of $0.03 million for the same period in 2022. For the nine months ended September 30, 2023, total revenue was $0.12 million, compared with total revenue for the nine months ended September 30, 2022 of $0.26 million. Verified license revenue was unchanged at $0.1 million for both nine-month periods. ● Operating expenses for the three months ended September 30, 2023 declined to $3.8 million, compared with $5.7 million for the comparable period in 2022. For the nine-month period in 2023, operating expenses declined to $7.6 million, compared with $16.9 million for the same period last year. The reduced expenditure reflects the Company’s cost-saving measures taken in the first half of this year, resulting in lower headcount costs and lower third-party vendor costs. ● Loss for the three months ended September 30, 2023 improved to $3.7 million, of which non-cash charges were $1.8 milli
View on SEC.gov