New partnership brings seamless high-assurance biometric identity verification to Microsoft Entra Suite, combatting the rise in AI-driven fraud. DENVER, Sept. 11, 2025 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced a strategic partnership with MajorKey Technologies, a premier identity security company and certified Microsoft Entra Suite services partner. Through this collaboration, MajorKey will bring authID’s i ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 increased significantly to $1,400,000 compared to $300,000 last year and $300,000 in Q1 2025, driven by the go-live of several contracts signed earlier in 2024 [21][22] - Operating expenses for Q2 were $5,900,000 compared to $3,600,000 a year ago and $4,700,000 last quarter, primarily due to increased headcount investment in sales and R&D [22] - Net loss for the quarter was $4,400,000, with net loss per share at $0.33 compared to $0.34 a year ago and $0.40 last quarter [23] - Adjusted EBITDA loss was $3,400,000 for Q2 compared with a $2,500,000 loss for the same period last year [25] - Annual recurring revenue (ARR) as of Q2 is $5,800,000 compared to $1,100,000 of ARR as of Q2 2024 [25] Business Line Data and Key Metrics Changes - The company launched the IDX platform in late July, aimed at eliminating identity fraud within the supply chain workforce [9] - A major Fortune Global 500 customer in the UK went live with the company's privacy key product after a successful pilot [10] - The partnership with Proof, a large identity fraud platform, is expected to start generating revenue in Q3 2025 [12][14] Market Data and Key Metrics Changes - The identity management market is estimated to reach $61 billion by 2032, with the company now able to participate in the entire market space due to the IDX platform [19] - Remaining Performance Obligation (RPO) as of June 30, 2025, was $13,800,000, a decrease of approximately $100,000 over the prior quarter [23] Company Strategy and Development Direction - The company emphasizes the integration of facial biometrics into identity management strategies to combat fraud [8] - The partnership with NEC aims to demonstrate interoperability of reusable identity across countries without changes to existing systems [11] - The company is focusing on performance-based production-level pilots to showcase capabilities to prospects, which shortens the time to revenue [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to collect on customer contracts despite a provision for estimated credit loss [22] - The company is optimistic about the growth trajectory and expects to meet its goal of $18 million in bookings for 2025 [30] - Management acknowledged the need for ongoing innovation and improvements to meet customer demands [72] Other Important Information - The company has added 2,200,000 shares from a recent fundraising, with a cash balance of $8,300,000 as of June 30, 2025 [24] - The IDX platform is built on a fast-adopted standard, enhancing the company's visibility and credibility in the market [17] Q&A Session Summary Question: Can you talk about the deferred revenue and its nature? - The deferred revenue of $1,200,000 came from invoices issued based on customer contracts that have not yet been recognized as revenue, and it is recurring in nature [32][34] Question: When will the company start collecting revenue from the Proof partnership? - The company is about to take a customer live shortly, which will allow for revenue recognition once transactions are billed [46][49] Question: What is the status of the Indian contract signed last November? - The company is still ramping up with the Indian contract but has started recognizing revenue as they went live with the customer [55][58] Question: Will the company still collect the $3,300,000 from the Indian contract this year? - The company expects to recognize the full $3,300,000 commitment by the end of the first contract year, despite delays in the go-live [60][64] Question: Can you provide details on the NEC deal and its revenue implications? - Currently, the company cannot disclose specific booking estimates or revenue terms for the NEC deal as they are still finalizing details [65] Question: Is the company comfortable with the $18 million bookings target for the year? - Management confirmed they are still on track to meet the $18 million bookings target for 2025 [67] Question: How is the company managing the transition from pilots to revenue? - The company has shifted to using production-level pilots, which allows for quicker transitions to revenue compared to traditional proof of concept methods [81][84]

Exhibit 99.1 authID Reports Financial and Operating Results for the Second Quarter 2025; Delivers the Highest Revenue in the Company's History DENVER, Aug. 14, 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 second quarter ended June 30, 2025. Second Quarter 2025 vs. Second Quarter 2024 Financial Summary "In the second quarter, we delivered o ...

Q2 2025 Results Conference Call August 14, 2025 © 2025 authID Inc. All Rights Reserved. Disclaimer & Forward Looking Statements This Presentation and information provided at a webcast or meeting at which it is presented (the "Presentation") has been prepared on the basis of information furnished by the management of authID Inc. ("authID" or the "Company") and has not been independently verified by any third party. This Presentation is provided for information purposes only. This Presentation is not an offer ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission file number 001-40747 authID Inc. (Exact name of registrant as specified in its charter) (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Delaware 46-2069547 (State or other jurisdiction of incorporation or organiz ...

Core Insights - authID reported its highest quarterly revenue in the company's history for Q2 2025, achieving $1.4 million, a significant increase from $0.3 million in Q2 2024, indicating successful execution of growth strategies [3][5] - The company launched IDX, enhancing its market reach and total addressable market, alongside other product enhancements and a strong sales pipeline, positioning it for continued growth [3][7] Financial Performance - Total revenue for Q2 2025 was $1.4 million, compared to $0.3 million in Q2 2024, marking a 367% increase [5] - For the first half of 2025, total revenue reached $1.7 million, up from $0.4 million in the same period last year [5] - Operating expenses for Q2 2025 were $5.9 million, an increase from $3.6 million in Q2 2024, primarily due to increased headcount and investments in sales and R&D [6] - The net loss for Q2 2025 was $4.5 million, or $0.33 per share, compared to a loss of $3.3 million, or $0.34 per share in Q2 2024 [9][10] - Adjusted EBITDA loss for Q2 2025 was $3.4 million, compared to a loss of $2.5 million in Q2 2024 [11] Business Developments - The launch of IDX, in collaboration with NEC, significantly expands the company's total addressable market in the identity management sector [7] - A paid live production trial agreement was initiated with a Fortune Global 500 company in the UK, with expectations for a longer-term agreement upon completion [7] - The company signed an agreement with Prove, a major identity fraud platform, and is finalizing the launch with its first joint customer [7] - Enhanced PrivacyKeyTM was introduced with a one-to-many search capability, improving speed and accuracy for customers [7] Key Metrics - Remaining Performance Obligation (RPO) as of June 30, 2025, was $13.8 million, up from $4.2 million a year ago, indicating strong future revenue recognition potential [12] - Booked Annual Recurring Revenue (bARR) for Q2 2025 was $2.2 million, a significant increase from $0.6 million in Q2 2024 [13] - The net amount of bARR for the first half of 2025 was $1.8 million, compared to $0.73 million in the same period last year [14] - Annual Recurring Revenue (ARR) as of June 30, 2025, was $5.8 million, up from $1.1 million a year ago [15]

Company Overview - authID is a leading provider of biometric identity verification and authentication solutions, ensuring enterprises "Know Who's Behind the Device™" for every customer or employee login and transaction [4] - The company offers a patented biometric identity platform that powers biometric identity proofing in 700 milliseconds and biometric authentication in 25 milliseconds [4] - authID's PrivacyKey solution boasts a false match rate of 1-to-1 billion while storing no biometric data, effectively stopping fraud at onboarding and preventing account takeovers [4] Financial Results Announcement - authID will report its financial results for the second quarter ended June 30, 2025, on August 14, 2025, after market close [1] - Following the earnings release, the CEO Rhon Daguro and CFO Ed Sellitto will host a webcast at 5:00 p.m. ET to discuss the financial results and provide a corporate update [1] Conference Call Participation - Participants can access a registration link to join the live conference call, with a recommendation to dial in 15 minutes early to avoid delays [2] - A live webcast of the call will also be available on the company's website [2] Event Replay - A replay of the event and a copy of the presentation will be available for 90 days at authID's Investor Relations Events [3]

New platform delivers passwordless, privacy-first, and interoperable digital credentials to modernize identity security and support Zero Trust architecture DENVER, July 31, 2025 (GLOBE NEWSWIRE) -- authID® (Nasdaq: AUID) ("authID"), a leading provider of biometric identity verification and authentication solutions, today announced the launch of authID Identity Exchange (IDX), a next-generation platform purpose-built to close long-standing gaps in enterprise identity and access management. IDX modernizes ide ...

Company Overview - authID Inc. is a leading provider of biometric identity verification and authentication solutions, ensuring enterprises "Know Who's Behind the Device™" for every customer or employee login and transaction [2] - The company offers a patented biometric identity platform that powers biometric identity proofing in 700 milliseconds, biometric authentication in 25 milliseconds, and account recovery with a fast, accurate, user-friendly experience [2] - authID's PrivacyKey™ solution boasts a 1-to-1-billion false match rate while storing no biometric data, effectively stopping fraud at onboarding, blocking deepfakes, preventing account takeover, and eliminating password risks and costs [2] Recent Developments - The Annual Meeting of Shareholders for authID was held via webcast on June 26, 2025, where all nominated directors were elected and all proposed resolutions were adopted [1]

Core Insights - authID and Prove have formed a strategic partnership to combat AI-generated deepfake fraud, enhancing security for enterprise customers against synthetic identities and impersonation attacks [2][3][6] Group 1: Partnership Overview - The partnership aims to leverage advanced biometric technologies to address the growing threat of deepfake fraud, ensuring the integrity of digital identities [2][3] - Prove's CEO emphasized the need for secure, privacy-first solutions to combat the evolving nature of fraud, highlighting authID's PrivacyKey as a critical component [4] Group 2: Technology Integration - authID's biometric technologies, including Proof, Verified, and PrivacyKey, will be integrated into Prove's platform to enhance identity proofing and fraud prevention capabilities [5][7] - The partnership combines authID's industry-leading accuracy with Prove's trusted identity verification, aiming to create frictionless and secure identity experiences in the digital economy [7] Group 3: Market Impact - The collaboration is positioned as a validation of authID's technology and strategic direction, with the potential to set new standards for secure identity verification globally [6] - As Prove expands its global presence, the partnership is expected to provide the scalability and security necessary to address modern digital transformation challenges [6]