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authID to Report First Quarter 2025 Financial Results on May 13, 2025
GlobeNewswire News Room· 2025-04-30 12:00
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]
CLEAR To Announce First Quarter 2025 Financial Results On May 8, 2025
Newsfilter· 2025-04-24 10:00
NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Clear Secure, Inc. (NYSE:YOU), the secure identity platform, today announced that it will report financial results for the first quarter ending March 31, 2025 at approximately 6:00 a.m. ET on Thursday, May 8, 2025. At 8:00 a.m. ET, results will be discussed via live webcast and teleconference. Investors and analysts can access the live teleconference call by dialing toll-free 888-645-4404 for U.S. participants and +1-862-298-0702 for international participants. L ...
Intellicheck(IDN) - 2024 Q4 - Earnings Call Transcript
2025-03-20 20:30
Financial Data and Key Metrics Changes - Fourth quarter revenues increased by 15% year-over-year, reaching a record $5,936,000 compared to $5,176,000 in Q4 2023 [31][32] - SaaS revenues for Q4 grew 17% quarter-over-quarter, totaling $5,900,000, while full-year SaaS revenues increased by 7% to $19,800,000 [9][36] - Adjusted EBITDA for the full year improved to a positive $520,000 compared to $377,000 in 2023 [39][42] - Gross profit margin for Q4 was 91%, down from 95% in the same period of 2023, primarily due to increased R&D costs [34][37] Business Line Data and Key Metrics Changes - Significant growth was observed in new verticals, with automotive, title insurance, email, social media, and retail banking verticals growing by 13%, 2,500%, 54%, and 17% respectively [10] - The title insurance vertical is particularly strong, with direct title clients accounting for approximately 45% of the market [11] - The company faced headwinds from retail bankruptcies and customer churn, particularly in bars, restaurants, and hardware-focused manufacturers [12] Market Data and Key Metrics Changes - Retail still represents approximately 75% of the company's scan volume, but transaction volumes from major retailers were down about 45% from Q4 2023 [29][55] - The company is diversifying away from retail, which is crucial given the current economic climate affecting consumer spending [29][51] Company Strategy and Development Direction - The company is focused on vertical channel diversification and enhancing ID validation services [6][7] - Investments in IT initiatives and customer success leadership are aimed at improving customer experience and marketing capabilities [7][21] - The migration from Azure to AWS is expected to yield cost savings and improve implementation speed [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth in the back half of 2025, driven by rollout schedules and proof of concepts [45][46] - Concerns about consumer confidence and macroeconomic factors are acknowledged, but the company remains focused on fraud prevention as a consistent need across industries [49][50] - The company anticipates a cautious outlook for Q1 2025, aligning with sell-side consensus estimates of $4,780,000 [28][39] Other Important Information - The company has a $2,000,000 revolving credit facility with Citibank, which was not utilized during 2024 [40] - The company expects to finish Q1 2025 with a cash balance of approximately $5,000,000, indicating strong cash generation capabilities [39] Q&A Session Summary Question: Visibility on stronger back half of the year - Management indicated that visibility is based on rollout schedules and proof of concepts, with delays potentially leading to easier implementations in the future [45][46] Question: Disruption in sales conversations due to macro conditions - No significant disruption was noted in sales conversations, as fraud remains a consistent issue across industries [49][50] Question: Potential operating expense savings from switching to AWS - Management expects significant savings from the AWS transition, with ongoing negotiations for better rates from cloud providers [52] Question: Clarification on Q4 revenue strength and Q1 expectations - The strength in Q4 was attributed to non-retail improvements, while Q1 is expected to see a drop due to worsening retail conditions [55][58] Question: Update on large social media customer - The company is finalizing procurement discussions and expects updates soon [60][61] Question: Expectations for EBITDA improvement in 2025 - Management anticipates continued improvement in EBITDA for 2025, with a focus on maintaining positive growth [62]