authID Reports Financial and Operating Results for the First Quarter Ended March 31, 2025

About this update from Authid Inc.

[{"type":"image","alt":"authID Inc.","displaySize":"","headline":null,"caption":"authID Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":232,"url":"https://media.zenfs.com/en/globenewswire.com/c3613c3e5cd56825e2dcefda95490075"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/RqORtnzECw77kwwUufEsTA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMyNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/c3613c3e5cd56825e2dcefda95490075","width":300,"height":232}},"lazy":false},{"type":"text","content":"DENVER, May 13, 2025 (GLOBE NEWSWIRE) -- authID® (Nasdaq: AUID) (“authID” or the “Company”), a leading provider of biometric identity verification and authentication solutions, today reported financial and operating results for the first quarter ended March 31, 2025.","length":272,"tagName":"p"},{"type":"text","content":"First Quarter 2025 vs. First Quarter 2024 Financial Summary","length":59,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue for the quarter increased to $0.30 million, compared to $0.16 million a year ago.","length":95,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating expenses were $4.7 million, compared to $3.3 million a year ago.","length":74,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss was $4.3 million, or $0.40 per share, compared to a loss of $3.1 million, or $0.32 per share a year ago.","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA Loss of $3.9 million (non-GAAP measure as defined below), compared with $2.4 million a year ago.","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross bARR (Booked Annual Recurring Revenue) of $0.01 million (non-GAAP measure as defined below), compared with $0.10 million a year ago.","length":138,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":532,"olType":false},{"type":"text","content":"“I’m incredibly excited about authID’s growth prospects in 2025 and beyond,” said Rhon Daguro, authID’s Chief Executive Officer. “We have solidified our foundation to become a leader in the evolving and fast-growing biometric authentication market while making progress on our ambitious 2025 goals. We are continuing to advance our conversations with key enterprise and platform partner prospects in order to achieve our bookings targets and are intensifying our fo...

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