---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-043788"
form_type: "8-K"
ticker: "AUID"
cik: "0001534154"
company_name: "authID Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:01:01.633959+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# authID Q1 revenue $0.16M (+300% YoY); FY2024 guidance $1.4-1.6M, bARR target $9M

## Summary
- Revenue $0.16M vs $0.04M YoY, over 300% increase.
- Net loss per share $0.32 vs $0.56 YoY; Adjusted EBITDA loss $2.39M.
- RPO of $4.03M as of March 31, 2024; ~40% expected recognized over next 12 months.
- FY2024 revenue guidance $1.4-1.6M; 2024 bARR target of $9M (triple over 2023).
- New partnerships: IDMWORKS reseller agreement, Verified Inc., National Notarial; appointed Kunal Mehta to board.

## SEC filing metadata
- accession: 0001213900-24-043788
- form_type: 8-K
- ticker: AUID
- cik: 0001534154
- company_name: authID Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534154/000121390024043788/0001213900-24-043788-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534154/000121390024043788/ea0206261-8k_authid.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-043788
- JSON: https://secwatch.observer/filing/0001213900-24-043788.json
- Plain text: https://secwatch.observer/filing/0001213900-24-043788.txt

## Key facts
- Earnings Releases
  authID Inc. reported the three months ended March 31, 2024 results: revenue $0.16 million, net income $3.06 million, EPS $0.32.
  - Period: the three months ended March 31, 2024
  - Revenue: $0.16 million
  - Net income: $3.06 million
  - EPS: $0.32
  - Result: reported results
  source text: GAAP Metrics ● Total revenue for the three months ended March 31, 2024 increased over 300% to $0.16 million, compared with total revenue of $0.04 million for the three months ended March 31, 2023, principally due to the launch of several new customers that were signed in 2023. ● Operating expenses for the three months ended March 31, 2024 totaled $3.31 million, compared with $1.02 million for Q1 2023. The Q1 increase was driven by a one-time, non-cash expense reversal in Q1 2023 of $3.4 million from the reversal of certain stock-based compensation as a result of employee terminations, which was not repeated in 2024. From a consecutive quarter-over-quarter comparison, operating expenses for Q1 2024 remained in line with the operating expenses incurred in Q4 2023. ● Loss from Continuing Operations for the three months ended March 31, 2024 was $3.06 million, of which non-cash charges were $0.77 million, compared with a Loss of $1.78 million in Q1 2023. This was driven by a one-time event
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534154/000121390024043788/0001213900-24-043788-index.htm
- Earnings Releases
  authID Inc. reported the full fiscal year ending December 31, 2024 results: revenue $1.4 million to $1.6 million. Guidance initiated.
  - Period: the full fiscal year ending December 31, 2024
  - Revenue: $1.4 million to $1.6 million
  - Guidance: initiated
  - Result: guidance update
  source text: Building on Q1 2024 revenue of $0.16 million, the Company estimates Total Revenue for the full fiscal year ending December 31, 2024 will be in the range of $1.4 million to $1.6 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534154/000121390024043788/0001213900-24-043788-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.