Identity solution scales at more than 5X while delivering exceptional performance at 97% acceptance rate DENVER, Feb. 05, 2026 (GLOBE NEWSWIRE) -- (Nasdaq: AUID) etc. authID, a leading provider of biometric identity solutions, today announced that a major customer, one of the largest worldwide retailers, is preparing for an expanded rollout of authID’s identity platform after reporting strong operational results. Global retailers face strong threats from deepfakes, AI hack attempts and advanced ransomware, ...

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 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 will report its financial results for Q3 2025 on November 12, 2025, after market close [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] Company Overview - authID is a provider of biometric identity verification and authentication solutions, ensuring enterprises "Know Who's Behind the Device™" for customer and employee logins [4] - The company's IDX platform secures the workforce and provides accountability for AI agents, delivering biometric identity processing in 700ms with a false match rate of 1-to-1-billion [4] - authID emphasizes privacy protection and regulatory compliance by not storing any biometric data [4]

Core Insights - authID has been selected by one of the largest retailers in Europe to implement its PrivacyKey biometric technology for identity verification and password reset systems, enhancing security and user experience [1][3] Company Strategy - The recent deployment aligns with authID's strategy to secure contracts with large enterprise customers, as discussed by CEO Rhon Daguro during the August 14, 2025 earnings call [2] - The integration of authID's technology with the retailer's existing IT infrastructure has led to strong adoption among users, demonstrating the effectiveness of the company's market positioning [3] Product Performance - Early operational results from the retailer indicate a significant reduction in failed password reset attempts, improved onboarding and verification rates, and decreased reliance on manual helpdesk interventions, which enhances user outcomes and reduces support costs [4] Partnerships and Future Innovations - authID is expanding its partnership with a large biometric hardware provider through an OEM arrangement for its Proof and PrivacyKey products, indicating ongoing growth and collaboration in the biometric identity verification space [5] - The company aims to integrate its IDX solution for securing AI efforts, enhancing the security and efficiency of its customer base in the long term [6] Company Overview - authID provides a patented biometric identity platform that ensures secure verification of users, preventing cybercriminal activities and ensuring regulatory compliance by not storing biometric data [7]

Core Insights - A strategic partnership between authID and MajorKey Technologies aims to enhance biometric identity verification within the Microsoft Entra Suite, addressing the rise of AI-driven fraud [1][2][3] Company Overview - authID is a provider of biometric identity verification solutions, offering a patented platform that ensures secure user identification without storing biometric data, achieving a false match rate of 1 in 1 billion [4] - MajorKey Technologies specializes in identity security, providing advisory and integration services for Microsoft Entra Suite, and has a strong partnership network including CyberArk and SailPoint [5] Industry Context - The partnership comes at a critical time as 17% of hiring managers have reported encountering candidates using deepfake technology in interviews, with projections indicating that by 2028, 25% of job candidate profiles could be fake [2] - The evolving threat landscape necessitates advanced identity verification solutions to combat fraudulent hiring processes and insider threats [3][4] Technology Features - authID's Proof technology offers biometric identity verification in 700 milliseconds, capable of detecting deepfake attempts in real-time, thus ensuring compliance and a seamless user experience [3][4]

Core Insights - authID reported its highest quarterly revenue in the company's history for Q2 2025, achieving $1.4 million, a significant increase from $0.3 million in Q2 2024, indicating successful execution of growth strategies [3][5] - The company launched IDX, enhancing its market reach and total addressable market, alongside other product enhancements and a strong sales pipeline, positioning it for continued growth [3][7] Financial Performance - Total revenue for Q2 2025 was $1.4 million, compared to $0.3 million in Q2 2024, marking a 367% increase [5] - For the first half of 2025, total revenue reached $1.7 million, up from $0.4 million in the same period last year [5] - Operating expenses for Q2 2025 were $5.9 million, an increase from $3.6 million in Q2 2024, primarily due to increased headcount and investments in sales and R&D [6] - The net loss for Q2 2025 was $4.5 million, or $0.33 per share, compared to a loss of $3.3 million, or $0.34 per share in Q2 2024 [9][10] - Adjusted EBITDA loss for Q2 2025 was $3.4 million, compared to a loss of $2.5 million in Q2 2024 [11] Business Developments - The launch of IDX, in collaboration with NEC, significantly expands the company's total addressable market in the identity management sector [7] - A paid live production trial agreement was initiated with a Fortune Global 500 company in the UK, with expectations for a longer-term agreement upon completion [7] - The company signed an agreement with Prove, a major identity fraud platform, and is finalizing the launch with its first joint customer [7] - Enhanced PrivacyKeyTM was introduced with a one-to-many search capability, improving speed and accuracy for customers [7] Key Metrics - Remaining Performance Obligation (RPO) as of June 30, 2025, was $13.8 million, up from $4.2 million a year ago, indicating strong future revenue recognition potential [12] - Booked Annual Recurring Revenue (bARR) for Q2 2025 was $2.2 million, a significant increase from $0.6 million in Q2 2024 [13] - The net amount of bARR for the first half of 2025 was $1.8 million, compared to $0.73 million in the same period last year [14] - Annual Recurring Revenue (ARR) as of June 30, 2025, was $5.8 million, up from $1.1 million a year ago [15]

Company Overview - authID is a leading provider of biometric identity verification and authentication solutions, ensuring enterprises "Know Who's Behind the Device™" for every customer or employee login and transaction [4] - The company offers a patented biometric identity platform that powers biometric identity proofing in 700 milliseconds and biometric authentication in 25 milliseconds [4] - authID's PrivacyKey solution boasts a false match rate of 1-to-1 billion while storing no biometric data, effectively stopping fraud at onboarding and preventing account takeovers [4] Financial Results Announcement - authID will report its financial results for the second quarter ended June 30, 2025, on August 14, 2025, after market close [1] - Following the earnings release, the CEO Rhon Daguro and CFO Ed Sellitto will host a webcast at 5:00 p.m. ET to discuss the financial results and provide a corporate update [1] Conference Call Participation - Participants can access a registration link to join the live conference call, with a recommendation to dial in 15 minutes early to avoid delays [2] - A live webcast of the call will also be available on the company's website [2] Event Replay - A replay of the event and a copy of the presentation will be available for 90 days at authID's Investor Relations Events [3]

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]