Sector: Technology | Industry: Software |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1580 N. Logan St., Ste 660, Unit 51767 DENVER CO 80203 |
Tel: | N/A |
Website: | https://authid.ai |
IR: | See website |
Key People | ||
Rhoniel A. Daguro Chief Executive Officer, Director | Edward Sellitto Chief Financial Officer | Thomas R. Szoke Chief Technology Officer, Director |
Business Overview |
authID Inc. is engaged in providing secure identity authentication solutions. The Company's enables cyber-savvy enterprises to Know Who's Behind the Device for every customer or employee login and transaction. Through its patented, biometric identity platform Verified, the Company verifies a user's identity, eliminating any assumption of who is behind a device and preventing cybercriminals from taking over accounts. authID combines digital onboarding, biometric passwordless authentication and account recovery, with a user-friendly experience delivering identity verification in 700ms. Its Verified is a cloud-based platform, which offers services, such as Biometric Identity Verification, Biometric Identity Authentication, Account / Access Recovery, and Fast Identity Online (FIDO) Passkey binding. Biometric identity verification establishes the trusted identity of users based on a variety of ground truth sources, including government-issued identity documents. |
Financial Overview |
For the fiscal year ended 31 December 2023, authID Inc revenues decreased 64% to $190K. Net loss before extraordinary items decreased 17% to $19.6M. Revenues reflect Legacy authentication services decrease of 50% to $186K, Verified software license decrease of 97% to $4K. Lower net loss reflects Authentication business segment loss decrease of 52% to $10.7M. |
Employees: | 22 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $62.63M as of Dec 31, 2023 |
Annual revenue (TTM): | $0.19M as of Dec 31, 2023 |
EBITDA (TTM): | -$9.64M as of Dec 31, 2023 |
Net annual income (TTM): | -$19.62M as of Dec 31, 2023 |
Free cash flow (TTM): | -$8.39M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 9,450,220 as of Mar 15, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |