earnings
confidence high
sentiment neutral
materiality 0.65
authID reports FY2024 revenue $0.89M, loss improves to $1.40/share; bARR triples to $9.01M
authID Inc.
- Q4 revenue $0.20M (up from $0.07M YoY); FY revenue $0.89M (up from $0.19M YoY).
- FY loss from continuing ops $14.3M ($1.40/share) vs $19.6M ($3.19/share) in 2023.
- Adjusted EBITDA loss $11.9M in FY2024 vs $8.7M in 2023 due to reinvestment.
- Gross booked ARR (bARR) of $9.01M, up over 3x from $2.94M in 2023; RPO $14.26M.
- Signed largest deal ever: $10M multi-year agreement with an AI company for biometric auth in India.