Core Points - CLEAR is participating in the TSA's Serve with Honor, Travel with Ease initiative to provide discounted TSA PreCheck enrollment fees for military spouses and free enrollment for Gold Star families [1][2][3] - A $25 discount will be offered for spouses of currently serving uniformed service members, while Gold Star families will receive free TSA PreCheck enrollment [2] - CLEAR is deploying mobile enrollment units to major military installations to facilitate access for eligible families [3] Company Overview - CLEAR's mission is to enhance security and create seamless experiences, boasting over 31 million members and a growing network of partners globally [7] - The company emphasizes privacy, ensuring that members control their own information and that member data is not sold [7] TSA PreCheck Program - TSA PreCheck is a Trusted Traveler program that allows expedited screening for enrolled travelers at over 200 airports, with participation from over 90 airlines [6] - The program has grown to more than 22 million members since its launch in December 2013 [6]

Company Overview - authID Inc. 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 [2] - The company offers a patented biometric identity platform that powers biometric identity proofing in 700 milliseconds, biometric authentication in 25 milliseconds, and account recovery with a fast, accurate, user-friendly experience [2] - authID's PrivacyKey™ solution boasts a 1-to-1-billion false match rate while storing no biometric data, effectively stopping fraud at onboarding, blocking deepfakes, preventing account takeover, and eliminating password risks and costs [2] Recent Developments - The Annual Meeting of Shareholders for authID was held via webcast on June 26, 2025, where all nominated directors were elected and all proposed resolutions were adopted [1]

Core Insights - authID and Prove have formed a strategic partnership to combat AI-generated deepfake fraud, enhancing security for enterprise customers against synthetic identities and impersonation attacks [2][3][6] Group 1: Partnership Overview - The partnership aims to leverage advanced biometric technologies to address the growing threat of deepfake fraud, ensuring the integrity of digital identities [2][3] - Prove's CEO emphasized the need for secure, privacy-first solutions to combat the evolving nature of fraud, highlighting authID's PrivacyKey as a critical component [4] Group 2: Technology Integration - authID's biometric technologies, including Proof, Verified, and PrivacyKey, will be integrated into Prove's platform to enhance identity proofing and fraud prevention capabilities [5][7] - The partnership combines authID's industry-leading accuracy with Prove's trusted identity verification, aiming to create frictionless and secure identity experiences in the digital economy [7] Group 3: Market Impact - The collaboration is positioned as a validation of authID's technology and strategic direction, with the potential to set new standards for secure identity verification globally [6] - As Prove expands its global presence, the partnership is expected to provide the scalability and security necessary to address modern digital transformation challenges [6]

Intellicheck's Market and Technology - Fraud and identity theft impact multiple verticals, creating a significant addressable market[7] - In 2024, fraud in the U S impacted 18 million people[7] - Account takeover fraud saw a 22% increase[7] - Intellicheck authenticates close to 100 million documents in North America annually[16] - Intellicheck's technology verifies in less than a second if an ID is REAL and confirms the ID belongs to the person presenting it[40] - Intellicheck's solution requires no new hardware and offers omni-channel validation[39] - Intellicheck has renewed focus on sales and marketing to drive growth[28] Financial Performance (Q1 2025) - Total revenue was $4894000[61] - SaaS revenue was $4868000[61] - Gross margin was 90%[61] - Net loss was $(318000)[63] - Adjusted EBITDA was $(17000)[63]

Core Insights - High Roller Technologies has announced a partnership with Checkin.com to utilize its ID verification services in Ontario as the company prepares to enter the regulated online casino market [1][2] - The company has submitted its license application for Ontario and anticipates launching operations in the second half of 2025, pending approval [2] Company Overview - High Roller Technologies operates premium online casino brands, including High Roller and Fruta, and is listed on the NYSE under the ticker ROLR [3] - The company offers a user-friendly online casino platform with over 5,000 games from more than 90 providers, catering to a global customer base in the expanding multi-billion iGaming industry [3] - High Roller Technologies is recognized for its innovative approach and commitment to excellence in online gaming [4] Checkin.com Overview - Checkin.com specializes in creating secure digital environments through advanced KYC solutions that streamline user registration and identification processes [5][6] - The company employs various technologies for real-time identity verification and fraud prevention, enhancing user experience while ensuring compliance with regulatory standards [5][6] - Checkin.com is listed on Nasdaq First North Growth Market under the symbol "CHECK" and focuses on organic growth and strategic acquisitions [6]

Core Insights - authID announced a new integration with Ping Identity to enhance identity proofing and biometric authentication, aiming to eliminate passwords and reduce account takeover fraud [1][2][3] Company Overview - authID provides a patented biometric identity platform that ensures enterprises "Know Who's Behind the Device™" for every login and transaction, with biometric identity proofing in 700 milliseconds and authentication in 25 milliseconds [5] - The company’s PrivacyKey™ solution boasts a false match rate of 1-to-1 billion while storing no biometric data, effectively preventing fraud during onboarding and blocking deepfakes [5] Integration Details - The integration of authID's Verified platform and PrivacyKey™ with PingOne DaVinci allows organizations to seamlessly incorporate biometrics into their onboarding and authentication workflows for both workforce and consumer applications [2][3] - This collaboration aims to improve user experience by eliminating the vulnerabilities associated with passwords and enhancing identity assurance [2][3] Strategic Goals - The CEO of authID emphasized the mission to eradicate identity fraud through secure, frictionless biometric authentication at scale, with the integration accelerating the transition to passwordless security for enterprise customers [3] - Ping Identity's commitment to expanding its technology partner ecosystem is highlighted, aiming to deliver better customer experiences through seamless orchestration [4]

Core Insights - FOREWARN, LLC has partnered with the Mid Jersey Association of REALTORS (MJAR) to provide its services to over 6,800 real estate professionals in central New Jersey, focusing on enhancing agent safety [1][3] - The FOREWARN platform analyzes billions of data points to help real estate agents verify identities, check criminal histories, and validate client information using just a phone number, thereby increasing safety during property showings [2][5] - MJAR members will have access to FOREWARN services at no additional cost, promoting proactive safety measures for agents [2][3] Company Overview - FOREWARN is a leading provider of real-time information solutions specifically designed for real estate agents, aiming to ensure safer engagements and smarter interactions [5] - The company utilizes powerful analytics and a vast data repository to deliver identity intelligence, risk mitigation, and fraud detection solutions [6] Industry Context - The real estate industry often involves agents interacting with unfamiliar individuals in unpredictable environments, highlighting the need for tools like FOREWARN to minimize risks associated with fraud and harm [3]

Financial Data and Key Metrics Changes - The company's first quarter revenues increased by 5% year-over-year, reaching a record of $4,894,000 compared to $4,680,000 in the same period of 2024 [25] - Adjusted EBITDA improved by $100,000 year-over-year, resulting in a small loss of $17,000 for the quarter [25] - SaaS revenue grew by 6% to $4,868,000, representing over 99% of total revenue for the quarter [25] - Gross profit margin was 89.7%, with an adjusted gross margin of 91.8%, up from 91.2% in Q1 2024 [26][27] Business Line Data and Key Metrics Changes - Revenue from title insurance increased by approximately 350% in Q1 2025, indicating strong growth in this vertical [35] - Retail banking revenue rose by about 50% compared to Q1 2024, showcasing significant expansion in this area [36] - Retail revenue declined by 26% year-over-year, reflecting challenges in the retail sector [40] Market Data and Key Metrics Changes - The company has diversified its client base beyond retail credit cards, now seeing growth in sectors such as retail banking, title insurance, and logistics [9][22] - The logistics and shipping market is identified as a significant opportunity due to high levels of theft and fraud [9][62] Company Strategy and Development Direction - The company is focused on diversifying its market presence and reducing reliance on retail, which has been a drag on growth [22][41] - A strategic initiative includes migrating clients from Azure to AWS, expected to enhance operational efficiency and reduce costs [8][28] - The appointment of a new senior vice president of sales is anticipated to drive revenue growth and improve client relationships [11][105] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer confidence is down nearly 8% year-over-year, impacting retail purchases [22] - The company expects to continue seeing positive cash flow and growth in revenue throughout 2025 [30] - Management expressed optimism about the future, highlighting the importance of new partnerships and marketing efforts [105] Other Important Information - The company has a $2,000,000 revolving credit line with Citibank, which was not utilized during 2025 [30] - Marketing changes have led to increased engagement, with LinkedIn followers up 16% and website visitors up 34% [18] Q&A Session Summary Question: What is the company's penetration in the title market? - Management indicated that they have exposure to about 40% of the title market, with revenue from title insurance up 350% in Q1 [34][35] Question: What are the next largest verticals after retail? - The next largest verticals are banking and auto, with retail banking revenue up 50% year-over-year [36] Question: What percentage of revenue does retail represent now? - Retail revenue is down 26% year-over-year, and it is now roughly equal to retail banking in terms of revenue contribution [40][50] Question: What drove the increase in deferred revenue and SaaS RPOs? - The increase was attributed to moving customers to a pricing model that encourages upfront payments [52][53] Question: Any updates on the large social media customer and regional bank? - Management confirmed ongoing discussions with both, with procurement processes underway for the regional bank [56][57] Question: How is the company addressing the shipping and logistics market? - The company is addressing fraud in logistics by verifying truckers' identities, which is a significant concern in the industry [62] Question: What is the status of the reseller strategy? - The reseller strategy is still developing, with ongoing efforts to engage more resellers, particularly in banking [66][68] Question: What is the current state of accounts receivable? - The increase in accounts receivable is primarily due to changes in the pricing model, moving away from billing in arrears [69] Question: What are the leading indicators for future growth? - Management highlighted a robust pipeline of committed customers and contracts as indicators of future growth [74][75]

Financial Data and Key Metrics Changes - The company's first quarter revenues increased by 5% year-over-year, reaching a record of $4,894,000 compared to $4,680,000 in the same period of 2024 [22] - SaaS revenue grew by 6% to $4,868,000, representing over 99% of total revenue for the quarter [22] - Adjusted EBITDA improved by $100,000, resulting in a small loss of $17,000 for the quarter, indicating a near breakeven performance [22] - Gross profit margin was 89.7%, slightly down from 90.7% in the previous year, while adjusted gross margin improved to 91.8% from 91.2% [23][24] - Operating expenses decreased by 1% to $4,740,000, with a notable reduction in selling, general, and administrative expenses [25] Business Line Data and Key Metrics Changes - The company has diversified its client base beyond retail credit cards, now seeing significant growth in retail banking, title insurance, auto, email account security, and background checks [6][7] - Revenue from title insurance increased by approximately 350% in Q1, indicating strong market penetration [32] - Retail banking revenue grew by 50% year-over-year, showcasing the effectiveness of the company's diversification strategy [33] Market Data and Key Metrics Changes - The company reported a 26% decline in revenue from retail, reflecting challenges in the retail sector [36] - Despite the retail decline, the overall revenue growth was driven by gains in other sectors, demonstrating the success of the diversification strategy [39] Company Strategy and Development Direction - The company is focused on a diversification strategy, moving away from a retail-first emphasis to capture opportunities in various sectors [20] - The migration from Azure to AWS is expected to yield cloud savings and improve client onboarding processes [6][15] - The appointment of a new senior vice president of sales is anticipated to drive revenue growth and enhance client relationships [10][90] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer confidence is down nearly 8% from the previous year, impacting retail purchases [20] - The company remains optimistic about future growth, driven by strategic initiatives and a revitalized sales team [90] - Management emphasized the importance of adapting to market changes and economic conditions as they evolve [21] Other Important Information - The company had cash and cash equivalents of $5,100,000 at the end of Q1, exceeding consensus estimates [26] - The company has a $2,000,000 revolving credit line with Citibank, which was not utilized during 2025 [28] Q&A Session Summary Question: What is the company's penetration in the title insurance market? - The company estimates it has exposure to about 40% of the title insurance market, with revenue from title insurance up 350% in Q1 [31][32] Question: What are the next largest verticals after credit cards? - The next largest verticals are banking and auto, with retail banking revenue up 50% year-over-year [33] Question: What percentage of revenue does retail represent now? - Retail revenue was down 26% year-over-year, indicating a declining percentage of total revenue [36] Question: What drove the increase in deferred revenue and SaaS RPOs? - The increase was largely due to moving customers to a pricing model that encourages upfront payments [45] Question: Any updates on the large social media customer and regional bank? - The social media customer is progressing well, while the regional bank is in procurement discussions [48][49] Question: How is the company addressing the shipping and logistics market? - The company is addressing fraud in shipping and logistics, with significant losses reported per truck due to organized crime [52][53] Question: What is the status of the reseller strategy? - The company sees plenty of room for improvement in its reseller strategy and is actively engaging with potential partners [55] Question: What is the current state of accounts receivable? - The increase in accounts receivable is primarily due to changes in the pricing model, moving towards prepayment [58]

Core Insights - authID reported a total revenue of $0.30 million for Q1 2025, an increase from $0.16 million in Q1 2024, indicating growth in the biometric identity verification market [6][9] - The company experienced an operating loss of $4.3 million in Q1 2025, compared to a loss of $3.1 million in the same period last year, reflecting increased operating expenses primarily due to headcount investments [10][11] - authID aims to achieve $18 million in bookings for 2025 and is in advanced discussions with multiple Fortune 500 clients [5][6] Financial Performance - Total revenue for Q1 2025 was $0.30 million, up from $0.16 million in Q1 2024 [6][9] - Operating expenses rose to $4.7 million in Q1 2025 from $3.3 million in Q1 2024, driven by increased investments in sales and R&D [9][11] - The net loss for Q1 2025 was $4.3 million, or $0.40 per share, compared to a loss of $3.1 million, or $0.32 per share in Q1 2024 [10][30] Business Developments - The company secured nearly $9 million in capital through two financing rounds to strengthen its balance sheet and expand its investor base [4][7] - authID signed a paid live production trial agreement with a Global Fortune 500 prospect, aiming for a longer-term contract upon successful completion [7] - The company is advancing integration with a blockchain-based data privacy platform and exploring opportunities in the Indian banking sector [7][8] Market Position and Recognition - authID was awarded "Best ID Management Platform" at the 2025 FinTech Breakthrough Awards, highlighting its innovative biometric identity verification technology [8] - The company is focusing on large enterprise and channel OEM segments to drive growth in the biometric authentication market [3][5] Remaining Performance Obligations - As of March 31, 2025, the Remaining Performance Obligation (RPO) was $13.85 million, significantly up from $4.03 million a year ago, indicating strong future revenue potential [12]