Austin, Dec. 16, 2024 (GLOBE NEWSWIRE) -- TurboCheck, the #1 tool for digital identity verification and authID® (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, have announced a groundbreaking partnership to tackle the escalating challenges of hiring fraud in the digital age. To date, TurboCheck has identified over 200,000 fake candidates, demonstrating the scale of the problem and the critical need for advanced fraud detection solutions. This collaboration ...

authID Inc. (NASDAQ:AUID) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Graham Arad – General Counsel Rhon Daguro – Chief Executive Officer Ed Sellitto – Chief Financial Officer Conference Call Participants Ricky Solomon – Wilmot Advisors Gary Brode – Deep Knowledge Investing Operator Thank you for standing by. My name is Bella, and I will be your conference operator today. At this time, I would like to welcome everyone to the authID Third Quarter 2024 Earnings Call. All ...

| --- | --- | |-----------------------------------------|-------| | | | | | | | | | | | | | | | | | | | authID | | | | | | Q3 2024 Results | | | Conference Call | | | November 7, 2024 | | | | | | | | | | | | © 2024 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 " ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40747 authID Inc. (Exact name of registrant as specified in its charter) Delaware orother | --- | |-----------------------| | | | | | 46-2069547 ...

DENVER, Sept. 24, 2024 (GLOBE NEWSWIRE) -- authID Inc. (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced the appointment of Erick Soto as Chief Product Officer. Mr. Soto, a seasoned product leader with over 15 years of industry experience, comes to authID after serving as a Chief Product Officer and adviser to successful identity verification providers, financial technology businesses, and neobanks. In his new role, Soto will oversee the evol ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $0.28 million, a 75% increase from $0.16 million in Q1 2024 and compared to $0.04 million a year ago [23][20] - For the six months ended June 30, 2024, total revenue was $0.44 million, up from $0.07 million in the same period last year [23] - Net loss for Q2 2024 was $3.3 million, significantly improved from a net loss of $10.9 million a year ago [24] - Adjusted EBITDA loss was $2.5 million for Q2 2024, compared to a loss of $1.7 million for the same period last year [28] Business Line Data and Key Metrics Changes - The company signed six new committed partners in Q2 2024, expanding its sales reach significantly [8] - The sales pipeline grew to over $25 million, a 20% increase from $21 million in Q1 2024 [20][21] - Booked Annual Recurring Revenue (BARR) in Q2 was over $630,000, approximately triple the amount from Q2 2023 [21] Market Data and Key Metrics Changes - The Remaining Performance Obligation (RPO) as of June 30, 2024, was $4.24 million, an increase from approximately $0.4 million a year ago [25][26] - The current pipeline includes 71 opportunities valued at over $100,000 and 12 deals valued at over $500,000 [21] Company Strategy and Development Direction - The company focuses on enhancing its biometric authentication technology, emphasizing speed, accuracy, and privacy [10][13] - A new biometric privacy option was introduced, allowing facial images to be converted into a public-private key pair, eliminating the need to store biometric data [15][16] - The company aims to achieve $9 million in BARR for 2024, representing a 3x year-over-year growth [33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver on its mission to eliminate authentication fraud and achieve growth targets [22][34] - The urgency for biometric solutions is driven by the increasing threat of AI-generated attacks, which is a key focus for the company [19] Other Important Information - The company raised approximately $10 million in a fund raise in June 2024, which will be used to expand sales and partnerships [27] - The company has improved its balance sheet and continues to post strong metrics reflecting growth [34] Q&A Session Summary Question: How does the company plan to convert the $25 million pipeline into $9 million in bookings? - The company categorizes deals into three buckets: Fast 100, strategic large enterprise accounts (FAT 100), and channel partner deals, with expectations for bookings to materialize in the second half of the year [36][39] Question: What is the activity level for existing customers? - Existing customers are ramping up significantly, with new onboardings converting into monthly active users [44] Question: What are the biggest challenges currently faced by the company? - The challenge lies in balancing the development of additional capabilities requested by FAT 100 accounts while ensuring customer retention [48] Question: Will the recent accuracy improvements lead to increased activity? - The company has received interest from key customers regarding the new accuracy capabilities, and plans to market these advancements soon [50] Question: What is the strategy for channel partners moving forward? - The company emphasizes a mutual business plan with channel partners to ensure profitability and commitment, differentiating its approach from past experiences [56]

Exhibit 99.1 authID Reports Financial and Operating Results for the Second Quarter Ended June 30, 2024 DENVER, Aug. 08, 2024 (GLOBE NEWSWIRE) -- authID® (Nasdaq: AUID) ("authID"), a leading provider of secure identity verification and authentication solutions, today reported financial and operating results for the second quarter and six months ended June 30, 2024. Second Quarter 2024 vs. Second Quarter 2023 Financial Summary ● Total revenue for the quarter increased to $0.28 million, compared to $0.04 milli ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40747 authID Inc. (Exact name of registrant as specified in its charter) Delaware orother | --- | |-----------------------| | | | | | 46-2069547 | | ...

authID to stop malicious, generative AI-driven cyberattacks and deepfakes for Kaiasoft.com SaaS clients across America and Europe DENVER, July 31, 2024 (GLOBE NEWSWIRE) -- authID.ai (NASDAQ:AUID), a leading provider of innovative biometric identity verification and authentication solutions, and Kaiasoft.com, a best-in-class provider of scalable and reliable SaaS applications, today announced they have signed a reseller agreement to expand the availability of authID's biometric capabilities to Kaiasoft.com c ...

Partnership sets new standards in compliance and security, while delivering the fastest, most seamless, and accurate user identity experience available  DENVER, July 18, 2024 (GLOBE NEWSWIRE) --  authID Inc. [Nasdaq: AUID], a leading provider of innovative biometric identity verification and authentication solutions, and FinClusive Capital, Inc. (FinClusive), a global provider of comprehensive financial crimes compliance (FCC) and digital identity tools, today announced a new partnership. Under this agreeme ...