earnings
confidence high
sentiment neutral
materiality 0.60
authID Q1 revenue up 67% to $0.5M; net loss per share improves to $0.28; raises $4.2M bridge
authID Inc.
- Revenue $0.5M vs $0.3M YoY; net loss $4.5M ($0.28/shr) vs $4.4M ($0.40/shr).
- Adjusted EBITDA loss narrowed to $3.4M from $3.9M; ARR grew to $1.9M vs $1.2M.
- Raised $4.2M bridge financing post-quarter, extending runway.
- Launched quantum-resistant biometric platform; added Formula5 as channel partner.
- Pipeline of $40M across 20 accounts; POCs with dozen+ enterprise customers.
item 2.02item 9.01