Core Insights - authID's PrivacyKey™ has been awarded Best Digital Trust Solution for ID Verification & Authentication at the 2025 PayTech Awards, highlighting its innovation in the fintech industry [1] Product Features - PrivacyKey delivers sub-second, deterministic biometric authentication with a privacy-first approach, ensuring user identity verification while safeguarding sensitive data and meeting global compliance standards [2] - The product combines liveness detection, advanced biometric matching, and a patented architecture to enhance security throughout the digital transaction lifecycle, providing a seamless experience for both consumers and enterprises [2] - PrivacyKey features key-management capabilities that allow enterprises to easily rotate and revoke keys, ensuring that only authorized users have access, thus providing a high level of security [3] Market Position - PrivacyKey has been integrated into technology solutions for major companies such as NEC Networks and System Integration Corporation (NESIC), Prove, and MajorKey, and is available in marketplaces for Zendesk and Nvidia, indicating its strong market presence [4] - The product replaces traditional tokens and facial images used by other vendors, ensuring superior privacy protection and performance [4] Strategic Importance - PrivacyKey is a critical component of authID's IDX platform, which secures distributed workforces and powers the authID Mandate framework for Agentic AI security, ensuring that AI agents are linked to biometrically-verified sponsors [5] - The recognition from the PayTech Awards underscores authID's commitment to advancing digital trust and redefining security measures for enterprises and consumers [6] Company Overview - authID provides a patented biometric identity platform that ensures enterprises can accurately verify user identities, preventing cybercriminal activities [7] - The company boasts a False Positive Rate of 1-in-1-billion, offering a high level of assurance and security in digital identity verification [7]

Company Overview - Intellicheck, Inc. (IDN) is a technology company that specializes in digital identity verification, including facial recognition for driver's licenses [1] Services and Clients - The company provides its services to various sectors, including banks, online retailers, and the government [1]

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 - Trust Stamp has been selected for the 2026 Trust Village Incubator to advance its European go-to-market strategy for its StableKey technology and Wallet [1][2] - The StableKey solution utilizes a patented cryptosystem to enable secure identity verification without storing sensitive biometric data [1] - The participation in the Trust Village program will facilitate partnerships and commercialization efforts within the Swiss trust-tech community [3][8] Company Overview - Trust Stamp is a global provider of AI-powered software solutions aimed at enhancing identity and trust across various sectors, including banking, finance, and healthcare [4] - The company operates with a diverse team from 22 nationalities across eight countries, trading on the Nasdaq Capital Market [5] Trust Village Initiative - Trust Village connects startups, research institutions, and industry leaders in digital trust and cybersecurity, fostering collaboration and innovation [6] - The initiative is powered by EPFL Innovation Park, Trust Valley, SICPA, and Canton de Vaud, aiming to support early-stage companies in building sustainable businesses [6] Strategic Goals - Trust Stamp aims to execute its European go-to-market strategy for StableKey, build partnerships with financial institutions and identity providers, and launch pilot projects for privacy-preserving authentication [8] - The company seeks to strengthen its alignment with European digital trust frameworks, including eIDAS 2.0 [8]

Financial Data and Key Metrics Changes - For Q3 2025, gross revenue was $0.6 million, up from $0.2 million in the previous year, while net revenue was negative $0.1 million compared to positive $0.2 million last year due to revenue adjustments [18][19][20] - Operating expenses increased to $5.1 million from $3.8 million year-over-year, primarily due to increased headcount in sales and R&D [23] - Net loss for the quarter was $5.2 million, compared to a net loss of $3.4 million in the same period last year [23] - Remaining performance obligation (RPO) decreased to $3.6 million, down approximately $10.9 million from the prior quarter [24] - Adjusted EBITDA loss was $4.1 million for Q3, compared to a $2.9 million loss for the same period last year [24][25] Business Line Data and Key Metrics Changes - The company signed two large enterprise customers and two smaller customers in Q3, resulting in $200,000 in booked annual recurring revenue (BAR) [6][10] - The gross amount of BAR signed in Q3 2025 was $0.2 million, down from $1.15 million a year ago, attributed to longer sales cycles for enterprise deals [25][26] Market Data and Key Metrics Changes - The company is actively engaged with notable industry leaders across various sectors, representing over $20 million in BAR [10] - The market is increasingly valuing biometric solutions, with a growing demand for identity verification and security solutions [16] Company Strategy and Development Direction - The company aims to build a balanced portfolio of Fast 100 and FAT 100 companies, focusing on larger, established enterprise organizations [4][10] - The strategic focus includes enhancing partnerships and technology innovations, such as PrivacyKey and IDX, to drive enterprise adoption [13][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth despite current challenges, emphasizing the importance of maintaining relationships with strategic customers [21][22] - The company anticipates a recovery in RPO and revenue as it closes deals in its pipeline [24][28] Other Important Information - The company has made significant product breakthroughs to unlock enterprise adoption, particularly for large enterprise accounts [13] - The demand for biometric solutions is expected to grow, with the company positioned as a leader in the market [16] Q&A Session Summary - No specific questions or answers were documented in the provided content, as the session was not detailed in the transcripts [30][31]

Financial Data and Key Metrics Changes - Revenues grew by 28% or $1.3 million to a record $6 million in Q3 2025 compared to $4.7 million in Q3 2024 [5][26] - Gross margin was 91%, with adjusted gross margin improving to 92.8% from 91.5% year-over-year [5][27] - Net income improved to $290,000 from a loss of $810,000 in the prior year, with earnings per share increasing to $0.01 [5][28] - Adjusted EBITDA reached a record $631,000, up from a negative $160,000 in Q3 2024 [5][29] Business Line Data and Key Metrics Changes - Banking and lending grew approximately 80%, representing about 50% of quarterly revenue [14] - Retail declined approximately 5%, accounting for about 30% of quarterly revenue [14] - Title insurance grew approximately 120%, representing just over 2% of quarterly revenue [14] - SaaS revenue increased by 26% to $5.9 million, making up about 98% of total revenue [26] Market Data and Key Metrics Changes - Significant growth was noted with a leading lease-to-own company, which grew over 700% [6] - A major bank and credit card issuer grew over 60% year-over-year and purchased additional transaction capacity [6] - The company entered into two-year agreements with a top title insurance company, expected to generate six-digit annual recurring revenue [7] Company Strategy and Development Direction - The company aims to diversify its revenue sources, reducing reliance on retail, which has been a headwind [33] - Focus on upselling existing clients and pursuing verticals such as title insurance and automotive [25] - Continued investment in product innovations, including a new Optical Character Recognition product and enhanced customer interfaces [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth despite economic headwinds, attributing success to diversification [76] - The company anticipates maintaining strong cash positions and positive adjusted EBITDA for the year [29][31] - Management highlighted the importance of real-time ID verification as a critical step in fraud prevention [21] Other Important Information - Intellicheck was named a Leader in the IDC MarketScape Worldwide Identity Verification and Financial Services 2025 Vendor Assessment [8] - The company is making progress with a global social media client, although the ramp-up has taken longer than expected [9][10] Q&A Session Summary Question: Are retail headwinds pretty much gone? - Management noted that retail has seen softening but diversification has helped mitigate impacts [33][34] Question: How much of the $6 million in revenue qualifies as new business? - Management estimated that new business might account for about 7-10% of total revenue [38] Question: Is there anything one-time or seasonal affecting SaaS revenue? - Management confirmed that there were no one-time impacts, and the regional bank's contribution was a full quarter's impact [44][47] Question: What are the dynamics driving incremental EBITDA margins? - Management indicated that stable operating costs and revenue growth are contributing to improved margins [55][60] Question: How is the company prioritizing cash balance? - Management emphasized reinvesting in R&D and marketing while remaining prudent with spending [71]

Financial Performance - Gross revenue increased from $0.25 million to $0.69 million for the three months ended September 30, 2025 [35] - Net revenue increased from $0.60 million to $1.63 million for the nine months ended September 30, 2025 [35] - Net loss was $5.2 million for the three months ended September 30, 2025 [35] - Total Remaining Performance Obligation (RPO) decreased from $14.3 million to $3.6 million [36] - Booked Annual Recurring Revenue (bARR) was $2.35 million for the nine months ended September 30, 2025 [37] Business Highlights - Q3 contract bookings included a top 10 global supermarket retailer and NEC Networks & System Integration Corp [9] - The company is engaged with prospects ranked in the top 10 leaders in their industries [13] - authID's ID Verification and Privacy-Preserving Biometrics are used for NESIC's Symphonict Trust Platform [16] - authID is powering Prove's Unified fraud platform with PrivacyKey's 1:1Billion signal [16] - authID co-developed and launched IDProof+, a High Assurance Identity Verification solution combining AuthID's Proof with Microsoft Entra Verified ID [16] Strategic Positioning - The company is positioned to capitalize on the market shift to biometrics due to increasing fraud and the rise of AI [29, 32] - authID is innovating to solve for enterprise adoption by integrating privacy-preserving biometrics [17] - The company is focused on securing new customer contracts, establishing contractual commitments, recognizing revenue, and retaining/expanding customer relationships [38]

Core Insights - authID has reported financial and operational results for Q3 2025, highlighting a transformational year with a focus on large enterprise accounts and partnerships with respected companies in various sectors [3][5][7]. Financial Summary - Gross revenue for Q3 2025 was $0.6 million, up from $0.2 million in Q3 2024. However, net revenue was negative $(0.1) million after accounting for one-time concessions, compared to $0.2 million a year ago [5][7]. - Operating expenses increased to $5.1 million in Q3 2025 from $3.8 million in Q3 2024, primarily due to increased headcount and investments in sales and R&D [8]. - The net loss for Q3 2025 was $5.2 million, or $0.38 per share, compared to a loss of $3.4 million, or $0.31 per share in the previous year [9][10]. - Adjusted EBITDA loss was $4.1 million for Q3 2025, compared to a loss of $2.9 million in Q3 2024 [11]. Business Highlights - The company signed a full production agreement with a top 20 global retailer in Europe to secure its identity verification and password reset system, indicating strong validation of authID's technology [6]. - Launched Identity Exchange (IDX™) in collaboration with NESIC, enhancing accountability and trust in the use of Agentic AI technology within enterprise networks [6]. - Entered into agreements with MajorKey Technologies and an international bank to integrate authID's identity verification and authentication solutions, expanding its market reach [6][15]. Annual Recurring Revenue (ARR) Metrics - The gross Booked Annual Recurring Revenue (bARR) for Q3 2025 was $0.2 million, down from $1.2 million a year ago, with a net bARR of negative $6.8 million [13][14]. - The Annual Recurring Revenue (ARR) as of September 30, 2025, was $1.7 million, compared to $1.0 million in Q3 2024 [14]. Remaining Performance Obligation (RPO) - The Remaining Performance Obligation (RPO) as of September 30, 2025, was $3.6 million, slightly down from $3.8 million a year ago, with expectations to recognize the full amount over the life of the contracts [12].

Core Points - Intellicheck, Inc. will announce its third quarter 2025 financial results on November 12, 2025, after the U.S. stock markets close [1] - An earnings conference call will be held on the same day at 4:30 p.m. ET to discuss the operating results [2] - A replay of the conference call will be available shortly after the live event and will remain accessible until November 19, 2025 [3] Company Overview - Intellicheck is a leader in identity verification management, focusing on preventing unauthorized ID usage to combat identity-based fraud [4] - The company offers a unique SaaS-based validation service that analyzes DMV-issued IDs, providing real-time customer identity verification across various sectors [4] - Intellicheck processes identity transactions for nearly half of the adult population in the U.S. and Canada annually, achieving a decision accuracy of 99.975% in under one second [4] Industry Recognition - Intellicheck has been recognized as a Leader in the IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment, highlighting its commitment to advanced technology solutions for fraud prevention [7]