secwatch.observer — SEC 8-K summary
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Issuer:     authID Inc. (AUID)
CIK:        0001534154
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001213900-25-042775
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

authID Q1 revenue rises to $0.30M, net loss widens to $4.3M, bARR drops to $0.01M
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- Revenue $0.30M (up 88% YoY from $0.16M); net loss $4.3M ($0.40/sh) vs $3.1M loss ($0.32/sh) a year ago.
- Adjusted EBITDA loss $3.9M vs $2.4M; operating expenses $4.7M vs $3.3M YoY, driven by headcount in sales and R&D.
- Gross booked ARR (bARR) fell to $0.01M from $0.10M YoY; remaining performance obligation $13.85M vs $4.03M.
- Raised ~$9M through two registered direct offerings; created advisory board with Eric Swider and Donald Nitti.
- Signed paid live production trial with a Global Fortune 500; late-stage negotiations with multiple Fortune 500 prospects.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534154/000121390025042775/0001213900-25-042775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534154/000121390025042775/ea0241825-8k_authid.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-042775

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