secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001213900-24-024366
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390024024366/0001213900-24-024366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390024024366/ea0202073-8k_authidinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-024366

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