secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001213900-24-095405
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

authID Q3 revenue $0.25M, revises FY2024 guidance down to $0.8-0.9M
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- Q3 revenue $0.25M vs $0.04M YoY; loss from continuing ops $3.4M ($0.31/share).
- Adjusted EBITDA loss $2.9M in Q3 vs $2.1M a year ago; RPO $3.8M.
- FY2024 revenue guidance lowered to $0.8-0.9M from $1.4-1.6M due to customer delays.
- Signed $10M multi-year contract with an AI company; also $1M+ OEM deal in APAC.
- Appointed Erick Soto as Chief Product Officer; entered telecom vertical via Imperial Technologies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390024095405/0001213900-24-095405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390024095405/ea0220198-8k_authid.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-095405

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