earnings
confidence medium
sentiment neutral
materiality 0.70
authID FY2024 prelim revenue ~$0.85M (up ~4x); adj. EBITDA loss ~$12M; bARR $10.2M
authID Inc.
- Revenue $0.8–0.9M vs $0.19M in 2023; gross bookings $2.9M vs $1.3M.
- Adjusted EBITDA loss widened to $11.8–12.0M from $8.7M; net loss narrowed to ~$14.3M from $19.6M.
- Cash balance fell to $4.0M from $14.0–14.5M, reflecting significant operating cash burn.
- bARR $10.2M vs $8.5M; Remaining Performance Obligation $9.0M vs $4.7M.