authID FY2023: Revenue $0.2M, net loss $19.6M; bARR jumps to $2.94M

authID Inc.

Revenue $0.2M (down from $0.5M); verified license revenue unchanged at $0.2M.
Net loss from continuing ops $19.6M ($3.19/share) improved from $23.7M ($7.72/share).
Adjusted EBITDA loss improved to $8.7M from $11.4M; operating expenses down 52% to $10.9M.
Booked ARR (bARR) signed $2.94M vs $0.23M in 2022; RPO $4.03M (4,800% increase).
Management sets 2024 bARR target of $9M; new contracts include ABM Industries (100,000+ employees).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

authID Inc. reported fiscal year ended December 31, 2023 results: revenue $0.2 million, net income loss from continuing operations ... $19.6 million, EPS Net loss per share for continuing operations ... $3.19.

Period: fiscal year ended December 31, 2023
Revenue: $0.2 million
Net income: loss from continuing operations ... $19.6 million
EPS: Net loss per share for continuing operations ... $3.19
Result: reported results

Exact text from the filing

2023 The following highlights comprise results from continuing operations, including certain Non-GAAP measures: ● Total revenue for the twelve months ended December 31, 2023 was $0.2 million, compared with total revenue for the twelve months ended December 31, 2022 of $0.5 million. The reduction was primarily attributed to revenue from a legacy authentication product

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authID Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-024366

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