This membership underscores commitment to enhancing data protection and user privacy through industry collaboration DENVER, COLORADO, April 17, 2025 (GLOBE NEWSWIRE) -- authID® (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced its membership in the Secure Technology Alliance (STA), a prominent industry association dedicated to promoting the understanding, adoption, and widespread application of secure solutions, including smart cards, embedde ...

DENVER, April 02, 2025 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID) ("authID" or the "Company"), a leading provider of biometric identity verification and authentication solutions, today announced it has closed its previously announced transaction with investors to sell 1,811,120 shares of its common stock (the "Shares") and/or Pre-Funded Warrants (the "Pre-Funded Warrants") pursuant to a registered direct offering (the "Registered Direct Offering"). The purchase price for one Share or Pre-Funded Warrant w ...

Dominari Securities LLC and Madison Global Partners, LLC, acted as Co-Placement Agents for the offering. Upon closing of this Registered Direct Offering, an Advisory Board will be created, comprising of the following advisors, each having extensive experience in different industry and government sectors where authID's biometric identity solutions can address critical needs. DENVER, March 31, 2025 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ: AUID) ("authID" or the "Company"), a leading provider of biometric iden ...

The biometric verification and authentication leader was honored for setting a new standard in identity management with its advanced biometric solutions DENVER, Colorado, March 19, 2025 (GLOBE NEWSWIRE) -- authID (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced that it has once again been selected as the winner of the "Best ID Management Platform" award in the 2025 FinTech Breakthrough Awards. Presented by FinTech Breakthrough, a leading mark ...

The biometric verification and authentication leader was honored for setting a new standard in identity management with its advanced biometric solutions DENVER, Colorado, March 19, 2025 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced that it has once again been selected as the winner of the “Best ID Management Platform” award in the 2025 FinTech Breakthrough Awards. Presented by FinTech Breakthrough, a leading mar ...

authID Inc. (NASDAQ:AUID) Q4 2024 Earnings Conference Call March 13, 2025 5:00 PM ET Company Participants Graham Arad - General Counsel Rhon Daguro - CEO Ed Sellitto - CFO Conference Call Participants Ricky Solomon - Wilmot Advisors Operator Good afternoon, everyone, and thank you for your participation in today's conference call to discuss authID Inc.'s fourth quarter and full year 2024 financial results. I would now like to turn the call over to authID Inc.'s General Counsel, Graham Arad. Graham, please g ...

Financial Results and Estimates - authID Inc. reported preliminary estimated unaudited results for the twelve months ended December 31, 2024, with significant variations expected from these estimates due to customary year-end closing and audit procedures[8] - The Company emphasizes that its final results may differ materially from preliminary estimates, which should not be viewed as a substitute for complete financial statements prepared in accordance with GAAP[8] - authID Inc. has not independently reviewed the preliminary estimates, and no warranty is made regarding the completeness or accuracy of the information presented[9] - The report does not include specific numerical results or performance metrics, focusing instead on qualitative assessments and forward-looking statements[11] Forward-Looking Statements - Forward-looking statements include expectations regarding future operations, growth, and revenue guidance for 2024, with a focus on booked Annual Recurring Revenue (bARR) and its components[11] - The Company disclaims any obligation to update or revise forward-looking statements, emphasizing the uncertainty of future performance[11] - The Company cautions investors about the risks that could affect actual results, including competition, customer retention, and economic conditions[11] Non-GAAP Financial Measures - The Company provides non-GAAP financial measures such as Adjusted EBITDA, which is used to assess operating performance and is adjusted for various expenses including interest, taxes, and stock-based compensation[12] - The presentation includes a reconciliation of Adjusted EBITDA to GAAP net loss, highlighting its importance in evaluating the Company's performance[12] Investor Relations - The Company plans to use the presentation for discussions with investors and analysts, indicating a proactive approach to investor relations[4]

Market Trends and Growth Potential - The global biometric technology market is projected to reach $50 billion by 2024, growing at a 20% CAGR to exceed $150 billion by 2030[29]. - Cybercrime costs in the U.S. are expected to rise from approximately $452 million in 2024 to over $1.8 billion by 2028, highlighting the increasing demand for secure identity solutions[25]. - The company's growth is significantly dependent on the adoption of its technology and solutions by various organizations, which is crucial for market penetration and customer retention[61]. - The market for the company's products is characterized by changing technology and increasing use of AI technologies, which may adversely affect its operations if not addressed promptly[55]. Financial Performance and Challenges - The company has an accumulated deficit of approximately $173.8 million as of December 31, 2024, and incurred an operating loss of approximately $14.3 million for the year ended December 31, 2024[46]. - Negative cash flow from operating activities was approximately $11.6 million and $8.4 million for the years ended December 31, 2024 and 2023, respectively[47]. - The company has never declared or paid cash dividends and does not anticipate doing so in the foreseeable future[115]. - The company may continue to incur net losses in 2025 due to various risks and unforeseen expenses[46]. - The company’s ability to continue as a going concern depends on financial support from stockholders and the ability to generate sufficient revenues[181]. Strategic Initiatives and Business Model - authID aims to expand its customer base by targeting key markets with high-assurance identity verification needs, focusing on regulated sectors[32]. - The company plans to invest in research and development to innovate and advance its platform, enhancing speed, accuracy, and user experience[32]. - authID's Verified platform operates on a subscription and usage-based model, generating revenue through transaction fees and active users[30]. - The company has shifted its focus towards developing a new range of software as a service (SaaS) products aimed at generating recurring revenue from a larger customer base, with contractual commitments ranging from $50,000 to $10,000,000[72]. Risks and Regulatory Environment - The company is subject to evolving AI regulations, such as the EU AI Act adopted in 2024, which may increase compliance costs and impact its operations[59]. - The company faces significant risks related to acquisitions, including integration challenges and potential dilution to stockholders[53]. - The company is subject to risks associated with governmental contracts, including competitive bidding processes and public budgetary restrictions, which could impact its financial condition and results of operations[64][66]. - Compliance with evolving cybersecurity and data privacy regulations may increase operational costs and expose the company to legal liabilities[100]. Cybersecurity and Operational Risks - Cybersecurity threats, including potential breaches of network security, pose risks to the company's operations and reputation, despite existing security measures[77][78]. - The company has established comprehensive cybersecurity risk management policies and practices, based on ISO/IEC 27001:2013 standards[119]. - The company's cybersecurity program includes regular assessments, audits, and independent reviews to ensure compliance and effectiveness[127]. - The company has seen an increase in cyberattack volume and sophistication, necessitating ongoing investments in cybersecurity measures[118]. Employee and Management Structure - The company has a total of 46 employees as of December 31, 2024, with a focus on strategic and technological leadership in the U.S.[39]. - Approximately 20% of the company's outstanding Common Stock is beneficially owned by its officers, directors, and holders of 5% of shares, giving them significant influence over corporate actions[92]. Stock and Financing Activities - The company raised approximately $10.0 million and $15.4 million in net proceeds through equity and debt financing in 2024 and 2023, respectively[49]. - The company issued 1,113,828 shares in a public offering and 1,121,482 shares in a private placement between May 23 and June 7, 2023, at a price range of $3.664 to $5.632 per share[149]. - The company plans to continue raising additional funds in 2025 to support operations and investments, although there is no guarantee that financing will be available on acceptable terms[214].

Core Insights - The article discusses the rising threat of deepfake fraud in digital authentication systems and presents innovative countermeasures developed by authID to combat this issue [1][5]. Company Overview - authID is a leading provider of biometric identity verification and authentication solutions, ensuring enterprises can accurately verify user identities [6]. Deepfake Threat Landscape - Deepfake technology is advancing rapidly, making traditional authentication methods increasingly vulnerable to fraud [3]. - Over 40% of fraud attempts in the financial sector are currently driven by AI, indicating a critical need for enhanced security measures [4]. Innovative Solutions - authID's proprietary multi-layered detection system achieves a billion-to-one false-match accuracy rate, effectively preventing identity spoofing through deepfakes [2][7]. - The company has launched PrivacyKey™, a biometric solution that ensures secure authentication without storing sensitive facial data, thus maintaining user privacy and regulatory compliance [4]. Performance Metrics - authID's platform boasts a market-leading matching speed of 35 milliseconds and a biometric identity processing time of 700 milliseconds, providing a fast and user-friendly experience [3][7]. Implementation Framework - The whitepaper outlines an implementation framework for enterprise-grade deepfake countermeasures, focusing on safeguarding the device of origin to prevent injection attacks [6].

Core Viewpoint - authID, a provider of biometric identity verification solutions, will report its financial results for Q4 and the full year of 2024 on March 13, 2025, after market close [1]. Group 1: Financial Reporting - The financial results will cover the fourth quarter and the full year ended December 31, 2024 [1]. - A webcast will be hosted by the CEO and CFO at 5:00 p.m. EDT to discuss the results and provide a corporate update [1]. Group 2: Participation Details - Participants can join the live conference call by accessing a registration link for dial-in details [2]. - It is recommended that participants dial in 15 minutes early to avoid delays [2]. - A live webcast will be available on the Company's website for those who wish to listen [2]. Group 3: Event Replay - A replay of the event and a copy of the presentation will be accessible for 90 days on authID's Investor Relations Events page [3]. Group 4: Company Overview - authID provides a patented biometric identity platform that ensures enterprises know the identity behind each device [4]. - The platform offers quick and accurate identity verification, preventing cybercriminal activities such as account takeovers [4]. - The PrivacyKey Solution boasts a false match rate of 1-to-1 billion while storing no biometric data, enhancing security and user experience [4].