authID Inc (OQ:AUID)

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
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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

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