secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001213900-23-084827
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

authID Q3 revenue $0.04M, bARR jumps to $1.0M in new contracts, loss narrows to $3.7M
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- Revenue $0.04M (vs $0.03M Q3 2022); net loss $3.7M improved from $6.2M; EPS -$0.47 vs -$2.00.
- Signed $1.0M in new bARR during Q3, up from $0.04M YoY and $0.2M in Q2 2023.
- Operating expenses down to $3.8M from $5.7M on cost-saving measures; adjusted EBITDA loss $2.1M vs $3.3M.
- Appointed Ed Sellitto as CFO and three VPs of Sales to drive go-to-market.
- Completed 1-for-8 reverse stock split in July 2023; cash position not disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390023084827/0001213900-23-084827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390023084827/ea187942-8k_authidinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-084827

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