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authID Announces Pricing of Approximately $2,100,000 Million Registered Direct Offering
Globenewswire· 2025-05-06 19:43
DENVER, May 06, 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 entered into a definitive agreement with investors to sell approximately 373,060 shares of its common stock (the “Shares”), pursuant to a registered direct offering (the “Registered Direct Offering”). The purchase price for one Share will be $5.60. The aggregate gross proceeds from the Offering are expected ...
authID to Report First Quarter 2025 Financial Results on May 13, 2025
GlobeNewswire News Room· 2025-04-30 12:00
Core Viewpoint - authID is set to report its financial results for Q1 2025 on May 13, 2025, after market close, followed by a webcast for discussion [1] Group 1: Financial Reporting - The financial results for the first quarter ended March 31, 2025, will be announced on May 13, 2025 [1] - A webcast will be hosted by the CEO and CFO at 5:00 p.m. ET to discuss the results and provide a corporate update [1] Group 2: Participation Details - Participants can register for the live conference call through a provided link to receive dial-in details [2] - It is recommended that participants join the call 15 minutes early to avoid delays [2] - A live webcast will also be available on the company's website [2] Group 3: Company Overview - authID provides biometric identity verification and authentication solutions, ensuring enterprises "Know Who's Behind the Device™" [4] - The company offers a patented biometric identity platform with rapid biometric identity proofing in 700ms and authentication in 25ms [4] - The PrivacyKey Solution boasts a 1-to-1-billion false match rate while storing no biometric data, effectively preventing fraud and account takeovers [4]
authID Announces Strategic Partnership with TechDemocracy to Accelerate Passwordless Identity for Workforce & Customer Access
Globenewswire· 2025-04-29 12:00
Core Insights - The partnership between authID and TechDemocracy aims to enhance the adoption of passwordless authentication solutions, focusing on secure and privacy-preserving methods [1][4] - TechDemocracy will train an initial group of 25 professionals on authID's biometric solutions, which boast a false-match accuracy rate of one-in-one-billion and rapid verification speeds [2][6] - The collaboration will include the development of QuickStart accelerators to facilitate the integration of authID's biometric capabilities into existing identity management systems [3][4] Company Overview - authID specializes in biometric identity proofing and authentication, providing services that ensure enterprises can accurately identify users while maintaining privacy [6] - The company claims to deliver biometric identity proofing in 700 milliseconds and authentication in 25 milliseconds, with a focus on eliminating password-related risks [6] - TechDemocracy has over 25 years of experience in Identity and Access Management (IAM) and has conducted over 1600 global engagements, specializing in workforce IAM and customer identity management [9]
authID Joins the Secure Technology Alliance to Advance the Development of Global Identity Standards Across Authentication Technologies
Globenewswire· 2025-04-17 12:00
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 ...
authID Announces Closing of $8,150,000 Registered Direct Offering
Newsfilter· 2025-04-02 12:30
Core Viewpoint - authID Inc. has successfully closed a registered direct offering, raising $8,150,000 through the sale of 1,811,120 shares and/or Pre-Funded Warrants at a price of $4.50 each, aimed at enhancing its biometric identity verification solutions [1][3]. Group 1: Offering Details - The offering involved the sale of 1,811,120 shares and/or Pre-Funded Warrants, generating gross proceeds of $8,150,000 before expenses [1]. - The offering was facilitated by Dominari Securities LLC and Madison Global Partners, LLC as Co-Placement Agents [2]. - The shares were offered under a shelf registration statement filed with the SEC, which was declared effective on December 13, 2024 [4]. Group 2: Company Strategy and Future Plans - The CEO of authID highlighted the shift in market perception, noting that clients are now focused on how biometric authentication can transform their businesses rather than just understanding what it is [3]. - The company plans to utilize the net proceeds from the offering for working capital and general corporate purposes [3]. - New partnerships and advisory board members have been welcomed to support the company's growth and strategic direction [3]. Group 3: Company Overview - authID provides biometric identity verification solutions, ensuring secure customer and employee logins with a patented platform that operates with high speed and accuracy [6]. - The company claims a 1-to-1-billion false match rate with its PrivacyKey Solution, emphasizing its commitment to security without storing biometric data [6]. - authID aims to combat identity fraud, cyberattacks, and account takeovers through its innovative technology [6].
authID Announces Pricing of Approximately $8,150,000 Million Registered Direct Offering
Globenewswire· 2025-03-31 12:30
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 ...
authID Named "Best ID Management Platform" Award in 2025 FinTech Breakthrough Awards
Globenewswire· 2025-03-19 14:01
Core Insights - authID has been awarded the "Best ID Management Platform" in the 2025 FinTech Breakthrough Awards, marking a significant recognition in the biometric identity verification sector [1][2][3] Company Achievements - This is the third time in four years that authID has received this award, having previously won in 2022 and 2023 [3] - The company is recognized for its innovative biometric identity verification technology, which emphasizes precision, speed, and data privacy [2] Technology and Solutions - authID's platform offers biometric authentication and identity verification solutions that are designed to be fast (sub-second) and accurate, while also prioritizing privacy and compliance [4] - The PrivacyKey™ solution developed by authID stores no biometric data, achieving a false-match accuracy rate of one-in-one-billion and an authentication speed of 25 milliseconds [4] - The technology includes features such as public/private key encryption, key-rotation capabilities, and advanced deepfake detection to enhance security and combat fraud [4] Industry Context - The FinTech Breakthrough Awards highlight the most innovative companies in the financial technology industry, showcasing those that have demonstrated exceptional performance and growth [2][5] - As consumer awareness of data privacy increases, the demand for secure digital identity management solutions is growing, positioning authID favorably within the market [4]
authID Named "Best ID Management Platform" Award in 2025 FinTech Breakthrough Awards
Newsfilter· 2025-03-19 14:01
Core Insights - authID has been awarded the "Best ID Management Platform" in the 2025 FinTech Breakthrough Awards, marking a significant recognition in the biometric identity verification sector [1][2][3] Company Overview - authID is a leading provider of biometric identity verification and authentication solutions, ensuring secure digital identity management for businesses [1][6] - The company has been recognized three times in the past four years for its innovative solutions, previously winning in 2022 and 2023 [3] Technology and Solutions - authID's biometric technology is noted for its precision, speed, and data privacy, setting a new standard in the fintech industry [2] - The PrivacyKey™ solution developed by authID stores zero biometric data while achieving a one-in-one-billion false-match accuracy and a 25ms authentication speed, addressing identity fraud and data breaches [4][6] - The platform incorporates public/private key encryption and advanced deepfake detection to enhance security and compliance [4] Industry Recognition - The FinTech Breakthrough Awards evaluate companies based on exceptional performance and growth within the financial technology sector, highlighting authID's innovative contributions [2][5]
authID (AUID) - 2024 Q4 - Earnings Call Transcript
2025-03-13 23:23
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 ...
authID (AUID) - 2024 Q4 - Earnings Call Transcript
2025-03-14 04:18
authID (AUID) Q4 2024 Earnings Call March 14, 2025 12:18 AM ET Company Participants Graham Arad - General CounselRhon Daguro - CEO & DirectorDale Daguro - VP - SolutionsEd Sellitto - Chief Financial OfficerRicky Solomon - FounderNone - Executive Operator Good afternoon, everyone, and thank you for your participation in today's conference call to discuss AuthID Fourth Quarter and Full Year twenty twenty four financial results. I would now like to turn the call over to OAuth ID General Counsel, Graham Murad. ...