earnings
confidence high
sentiment positive
materiality 0.55
authID Q2 revenue $0.28M, net loss narrows to $0.34/sh; FY guidance reaffirmed
authID Inc.
- Q2 revenue $0.28M (up 7x YoY); net loss $3.3M ($0.34/sh) vs $10.9M ($2.16/sh) YoY.
- Remaining Performance Obligation (RPO) $4.24M vs $0.40M a year ago.
- Gross bARR signed Q2 $0.6M (net $0.4M) vs $0.2M in Q2 2023.
- FY2024 revenue guidance reaffirmed $1.4M-$1.6M; YTD revenue $0.44M.
- Partnerships with DataVisor, KaiaSoft, FinClusive, Syntrove; closed $11M direct offering.