authID (AUID) - 2025 Q4 - Annual Results

Financial Performance - Total revenue for Q4 2025 was $0.4 million, a 100% increase from $0.2 million in Q4 2024[5] - Annual revenue for 2025 was $2.0 million, up from $0.9 million in 2024, representing a 122% increase[5] - For the three months ended December 31, 2025, total revenues were $405,951, compared to $199,749 for the same period in 2024, representing a 103.5% increase[32] Net Loss - Net loss for Q4 2025 was $4.0 million, or $0.28 per share, compared to a loss of $4.6 million, or $0.42 per share in Q4 2024[11][12] - Annual net loss for 2025 was $17.9 million, or $1.38 per share, compared to a loss of $14.3 million, or $1.40 per share in 2024[11][12] - The net loss for the twelve months ended December 31, 2025, was $17,932,880, compared to a net loss of $14,277,994 for 2024, indicating a 25.5% increase in losses year-over-year[32] Adjusted EBITDA - Adjusted EBITDA loss for Q4 2025 was $3.0 million, an improvement from a loss of $4.1 million in Q4 2024[13] - Adjusted EBITDA for continuing operations for the twelve months ended December 31, 2025, was $(14,364,817), compared to $(11,878,801) for 2024, reflecting a 20.9% increase in adjusted losses[28] Operating Expenses - Total operating expenses for the twelve months ended December 31, 2025, were $20,194,180, compared to $15,570,776 for 2024, marking a 29.5% increase[32] - The Company incurred stock-based compensation of $3,440,357 for the year ended December 31, 2025, compared to $2,612,164 in 2024, a rise of 31.6%[37] Cash and Assets - Cash and cash equivalents decreased to $4,608,073 as of December 31, 2025, down from $8,471,561 at the end of 2024, a decline of 45.6%[35] - The Company’s total assets decreased to $9,981,930 as of December 31, 2025, from $14,471,377 in 2024, a decline of 30.5%[35] - The Company reported a net cash outflow from operating activities of $(14,991,491) for the year ended December 31, 2025, compared to $(11,623,019) for 2024, indicating a 28.8% increase in cash burn[37] Booked Annual Recurring Revenue (bARR) - The gross Booked Annual Recurring Revenue (bARR) for Q4 2025 was $0.1 million, down from $7.1 million in Q4 2024[15] - The net amount of bARR for 2025 was a negative $6.3 million, compared to a positive $7.4 million in 2024[16] - The Company reported a Booked Annual Recurring Revenue (bARR) that is expected to grow based on contracted orders, with a focus on Committed Annual Recurring Revenue (cARR) and Usage Above Commitments (UAC) as key metrics for future revenue trends[28] Partnerships and Agreements - The company signed a full production agreement with a top-20 global retailer, leading to a 472% increase in user enrollment for biometric accounts[9] - The company expanded its partnership with NESIC, integrating biometric identity verification into NESIC's platform for enterprise onboarding[9] Remaining Performance Obligation (RPO) - Remaining Performance Obligation (RPO) as of December 31, 2025, was $2.2 million, significantly down from $14.3 million as of December 31, 2024[14] Shares Outstanding - The weighted average shares outstanding increased to 14,398,069 for the three months ended December 31, 2025, compared to 10,920,872 for the same period in 2024, an increase of 31.5%[32]