PrivacyKey™ recognized for delivering fast, secure, privacy-first biometric authentication that enhances trust across digital payments DENVER, Dec. 10, 2025 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced that its flagship product PrivacyKey™ has been named Best Digital Trust Solution – ID Verification & Authentication by Fintech Futures for the 2025 PayTech Awards, which celebrate excellence and innovation in the ...

Fastest-growing educational technology leader replaces homegrown solution with authID to enable authentication, protect privacy, and prevent fraud for distance learning in complex environments DENVER, CO, Dec. 04, 2025 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID), a leader in biometric identity authentication, today announced it was selected by an east coast-based innovative technology organization, serving the criminal justice sector, providing high quality education, reentry and rehabilitation resources for ...

Core Points - authID Inc. has completed a registered direct offering, selling 2,688,747 shares and/or Pre-Funded Warrants at a price of $1.35 per share, resulting in gross proceeds of approximately $3,675,000 before expenses [1][2] Group 1: Offering Details - The offering was led by Mr. Kyle Wool and Mr. Steve Garchik, with Dominari Securities LLC and Madison Global Partners, LLC acting as Co-Placement Agents [2] - The closing of the offering occurred on November 24, 2025 [2] - The shares were offered under a shelf registration statement filed with the SEC, which was declared effective on December 13, 2024 [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used for working capital and general corporate purposes [2] Group 3: Company Overview - authID Inc. specializes in biometric identity verification and authentication solutions, ensuring secure digital identity experiences for enterprises [5] - The company boasts a False Positive Rate of 1-in-1-billion, providing high assurance in identity verification [5] - authID's IDX platform secures the distributed workforce and enhances authorization and accountability for AI agents [5]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Chijet Motor Company, Inc. (CJET) is up 40% at $2.67 - JX Luxventure Group Inc. (JXG) is up 19% at $4.12 - Inspire Medical Systems, Inc. (INSP) is up 15% at $103.50 - Epsium Enterprise Limited (EPSM) is up 15% at $4.14 - Oscar Health, Inc. (OSCR) is up 12% at $15.13 - Green Dot Corporation (GDOT) is up 11% at $13.21 - Butterfly Network, Inc. (BFLY) is up 6% at $2.82 - Cullinan Therapeutics, Inc. (CGEM) is up 5% at $10.00 - Vir Biotechnology, Inc. (VIR) is up 5% at $5.99 - Nvni Group Limited (NVNI) is up 5% at $3.17 [3] Premarket Losers - Clearside Biomedical, Inc. (CLSD) is down 69% at $0.82 - Twin Hospitality Group Inc. (TWNP) is down 20% at $2.84 - Shuttle Pharmaceuticals Holdings, Inc. (SHPH) is down 15% at $1.35 - Mobile-Network Solutions (MNDR) is down 12% at $4.16 - Waldencast plc (WALD) is down 10% at $2.75 - authID Inc. (AUID) is down 9% at $1.21 - EZGO Technologies Ltd. (EZGO) is down 6% at $1.98 - SciSparc Ltd. (SPRC) is down 5% at $2.34 - Twin Vee Powercats Co. (VEEE) is down 5% at $1.70 - Agape ATP Corporation (ATPC) is down 5% at $1.22 [4]

Core Points - authID Inc. has entered into a definitive agreement to sell approximately 2,688,747 shares of its common stock and/or Pre-Funded Warrants at a purchase price of $1.35 per share, with expected gross proceeds of approximately $3,675,000 before expenses [1][2] Group 1: Offering Details - The Registered Direct Offering is expected to close on or about November 24, 2025, subject to customary closing conditions [2] - Dominari Securities LLC and Madison Global Partners, LLC acted as Co-Placement Agents for the offering [2] - The offering is made pursuant to a shelf registration statement filed with the SEC, and a prospectus supplement will be available [3] Group 2: Company Overview - authID provides biometric identity verification and authentication solutions, ensuring enterprises can accurately verify user identities [5] - The company boasts a 1-in-1-billion False Positive Rate, enhancing security and user experience [5] - authID's IDX platform secures a distributed workforce and addresses fraud prevention, deepfake detection, and password risks [5]

Core Insights - authID has joined the NVIDIA Connect Program, marking a significant milestone in its development as a leader in biometric identity authentication and AI security [1][2][3] Company Overview - authID specializes in biometric identity authentication, ensuring enterprises can accurately verify user identities to prevent cybercrime [4] - The company utilizes a patented biometric identity platform with a False Positive Rate of 1 in 1 billion, providing high assurance and speed while preserving user privacy [4] NVIDIA Connect Program Participation - Joining the NVIDIA Connect Program allows authID to access advanced GPU technologies and AI frameworks, enhancing its AI security architecture [3] - The collaboration with NVIDIA aims to support enterprises in deploying AI agents with accountability and transparency, addressing the governance gap in Agentic AI [2][3] Strategic Goals - The partnership with NVIDIA is expected to accelerate the development of GPU-powered biometric and policy engines for real-time monitoring of both human and AI agents [3] - authID's commitment to serving customers within the NVIDIA ecosystem focuses on providing AI Agent security that evolves alongside Agentic AI advancements [4]

Core Insights - authID has introduced the authID Mandate™ Framework, a governance model aimed at enhancing security for Agentic AI systems, particularly focusing on non-human identities like AI agents [1][5] - The framework addresses the vulnerabilities associated with AI agents operating with phishable credentials and lacking accountability, which can lead to significant risks for enterprises [2][3] Company Overview - authID is a leader in biometric identity authentication, providing solutions that ensure enterprises can verify the identity of users behind devices, thereby preventing cybercriminal activities [6][7] - The company emphasizes the importance of a governance framework for AI agents, allowing enterprises to manage and control AI activities effectively [5][6] Mandate Framework Features - The Mandate Framework establishes accountability by ensuring each AI agent is sponsored by a verified human, creating a clear chain of trust [4][5] - It operationalizes the issuance of biometric-rooted, cryptographically verifiable credentials, enhancing security across digital workflows and multi-agent ecosystems [4][6] - The framework includes features such as fine-grained authorization policies, continuous observability of AI agent actions, and the production of tamper-evident logs for compliance and auditing purposes [6][7] Industry Context - The introduction of Agentic AI solutions poses significant concerns for enterprise CEOs, particularly regarding the potential for fraud and misuse without a robust governance framework [5] - Recent incidents of fraud involving AI agents highlight the urgent need for accountability and trust in AI systems, which the Mandate Framework aims to address [5]

Financial Data and Key Metrics Changes - For Q3 2025, gross revenue was $0.6 million, up from $0.2 million in the previous year, while net revenue was negative $0.1 million compared to positive $0.2 million last year due to revenue adjustments [18][19][20] - Operating expenses increased to $5.1 million from $3.8 million year-over-year, primarily due to increased headcount in sales and R&D [23] - Net loss for the quarter was $5.2 million, compared to a net loss of $3.4 million in the same period last year [23] - Remaining performance obligation (RPO) decreased to $3.6 million, down approximately $10.9 million from the prior quarter [24] - Adjusted EBITDA loss was $4.1 million for Q3, compared to a $2.9 million loss for the same period last year [24][25] Business Line Data and Key Metrics Changes - The company signed two large enterprise customers and two smaller customers in Q3, resulting in $200,000 in booked annual recurring revenue (BAR) [6][10] - The gross amount of BAR signed in Q3 2025 was $0.2 million, down from $1.15 million a year ago, attributed to longer sales cycles for enterprise deals [25][26] Market Data and Key Metrics Changes - The company is actively engaged with notable industry leaders across various sectors, representing over $20 million in BAR [10] - The market is increasingly valuing biometric solutions, with a growing demand for identity verification and security solutions [16] Company Strategy and Development Direction - The company aims to build a balanced portfolio of Fast 100 and FAT 100 companies, focusing on larger, established enterprise organizations [4][10] - The strategic focus includes enhancing partnerships and technology innovations, such as PrivacyKey and IDX, to drive enterprise adoption [13][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth despite current challenges, emphasizing the importance of maintaining relationships with strategic customers [21][22] - The company anticipates a recovery in RPO and revenue as it closes deals in its pipeline [24][28] Other Important Information - The company has made significant product breakthroughs to unlock enterprise adoption, particularly for large enterprise accounts [13] - The demand for biometric solutions is expected to grow, with the company positioned as a leader in the market [16] Q&A Session Summary - No specific questions or answers were documented in the provided content, as the session was not detailed in the transcripts [30][31]

Financial Performance - Gross revenue increased from $0.25 million to $0.69 million for the three months ended September 30, 2025 [35] - Net revenue increased from $0.60 million to $1.63 million for the nine months ended September 30, 2025 [35] - Net loss was $5.2 million for the three months ended September 30, 2025 [35] - Total Remaining Performance Obligation (RPO) decreased from $14.3 million to $3.6 million [36] - Booked Annual Recurring Revenue (bARR) was $2.35 million for the nine months ended September 30, 2025 [37] Business Highlights - Q3 contract bookings included a top 10 global supermarket retailer and NEC Networks & System Integration Corp [9] - The company is engaged with prospects ranked in the top 10 leaders in their industries [13] - authID's ID Verification and Privacy-Preserving Biometrics are used for NESIC's Symphonict Trust Platform [16] - authID is powering Prove's Unified fraud platform with PrivacyKey's 1:1Billion signal [16] - authID co-developed and launched IDProof+, a High Assurance Identity Verification solution combining AuthID's Proof with Microsoft Entra Verified ID [16] Strategic Positioning - The company is positioned to capitalize on the market shift to biometrics due to increasing fraud and the rise of AI [29, 32] - authID is innovating to solve for enterprise adoption by integrating privacy-preserving biometrics [17] - The company is focused on securing new customer contracts, establishing contractual commitments, recognizing revenue, and retaining/expanding customer relationships [38]

Financial Performance - Gross revenue for Q3 2025 was $0.6 million, up from $0.2 million in Q3 2024, while net revenue was negative $(0.1) million compared to $0.2 million a year ago[4] - Net loss for Q3 2025 was $5.2 million, or $0.38 per share, compared to a loss of $3.4 million, or $0.31 per share in Q3 2024[9][10] - Adjusted EBITDA loss for Q3 2025 was $4.1 million, compared to a loss of $2.9 million in Q3 2024, driven by increased investments in sales and R&D[11] - Revenues for the three months ended September 30, 2025, were $596,337, compared to $248,920 for the same period in 2024, representing a significant increase[31] - Net loss for the nine months ended September 30, 2025, was $(13,897,567), compared to $(9,683,619) for the same period in 2024, indicating a worsening financial position[35] - The company reported a basic and diluted net loss per share of $(0.38) for the three months ended September 30, 2025, compared to $(0.31) for the same period in 2024[31] Operating Expenses - Operating expenses increased to $5.1 million in Q3 2025 from $3.8 million in Q3 2024, primarily due to increased headcount and investments in sales and R&D[7] - Total operating expenses for the three months ended September 30, 2025, were $5,126,873, up from $3,762,317 in the same period of 2024, reflecting increased costs[31] - Research and development expenses for the three months ended September 30, 2025, were $1,785,387, compared to $1,615,970 in the same period of 2024, indicating ongoing investment in innovation[31] Revenue Metrics - Booked Annual Recurring Revenue (bARR) for Q3 2025 was $0.2 million, down from $1.2 million a year ago, with a net bARR of negative $6.8 million[13][14] - Annual Recurring Revenue (ARR) as of September 30, 2025, was $1.7 million, compared to $1.0 million as of Q3 2024[14] - Remaining Performance Obligation (RPO) as of September 30, 2025, was $3.6 million, down from $3.8 million a year ago[12] Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were $4,899,658, down from $8,471,561 at the beginning of the period, showing a decrease in liquidity[35] - The company generated net cash flows from financing activities of $8,219,327 for the nine months ended September 30, 2025, compared to $10,041,399 for the same period in 2024, indicating reliance on external financing[35] Assets and Liabilities - Total assets decreased from $14,471,377 as of December 31, 2024, to $10,729,416 as of September 30, 2025, reflecting a decline in overall company value[33] - The company had total current liabilities of $1,816,010 as of September 30, 2025, down from $2,956,188 at the end of 2024, indicating improved short-term financial health[33] - Stockholders' equity decreased from $11,515,189 as of December 31, 2024, to $8,913,406 as of September 30, 2025, showing a reduction in net worth[33] Market Developments - Signed a full production agreement with a top 20 global retailer for identity verification solutions, indicating strong market validation[8] - Launched Identity Exchange (IDX) in collaboration with NESIC, enhancing enterprise scalability and identity assurance, significantly expanding the total addressable market[8] - Entered into multiple agreements to integrate authID's technologies into various platforms, including a digital infrastructure platform for financial institutions and MajorKey Technologies for Microsoft customers[8]