Financial Data and Key Metrics Changes - Total revenue for Q2 2025 increased significantly to $1,400,000 compared to $300,000 last year and $300,000 in Q1 2025, driven by the go-live of several contracts signed earlier in 2024 [21][22] - Operating expenses for Q2 were $5,900,000 compared to $3,600,000 a year ago and $4,700,000 last quarter, primarily due to increased headcount investment in sales and R&D [22] - Net loss for the quarter was $4,400,000, with net loss per share at $0.33 compared to $0.34 a year ago and $0.40 last quarter [23] - Adjusted EBITDA loss was $3,400,000 for Q2 compared with a $2,500,000 loss for the same period last year [25] - Annual recurring revenue (ARR) as of Q2 is $5,800,000 compared to $1,100,000 of ARR as of Q2 2024 [25] Business Line Data and Key Metrics Changes - The company launched the IDX platform in late July, aimed at eliminating identity fraud within the supply chain workforce [9] - A major Fortune Global 500 customer in the UK went live with the company's privacy key product after a successful pilot [10] - The partnership with Proof, a large identity fraud platform, is expected to start generating revenue in Q3 2025 [12][14] Market Data and Key Metrics Changes - The identity management market is estimated to reach $61 billion by 2032, with the company now able to participate in the entire market space due to the IDX platform [19] - Remaining Performance Obligation (RPO) as of June 30, 2025, was $13,800,000, a decrease of approximately $100,000 over the prior quarter [23] Company Strategy and Development Direction - The company emphasizes the integration of facial biometrics into identity management strategies to combat fraud [8] - The partnership with NEC aims to demonstrate interoperability of reusable identity across countries without changes to existing systems [11] - The company is focusing on performance-based production-level pilots to showcase capabilities to prospects, which shortens the time to revenue [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to collect on customer contracts despite a provision for estimated credit loss [22] - The company is optimistic about the growth trajectory and expects to meet its goal of $18 million in bookings for 2025 [30] - Management acknowledged the need for ongoing innovation and improvements to meet customer demands [72] Other Important Information - The company has added 2,200,000 shares from a recent fundraising, with a cash balance of $8,300,000 as of June 30, 2025 [24] - The IDX platform is built on a fast-adopted standard, enhancing the company's visibility and credibility in the market [17] Q&A Session Summary Question: Can you talk about the deferred revenue and its nature? - The deferred revenue of $1,200,000 came from invoices issued based on customer contracts that have not yet been recognized as revenue, and it is recurring in nature [32][34] Question: When will the company start collecting revenue from the Proof partnership? - The company is about to take a customer live shortly, which will allow for revenue recognition once transactions are billed [46][49] Question: What is the status of the Indian contract signed last November? - The company is still ramping up with the Indian contract but has started recognizing revenue as they went live with the customer [55][58] Question: Will the company still collect the $3,300,000 from the Indian contract this year? - The company expects to recognize the full $3,300,000 commitment by the end of the first contract year, despite delays in the go-live [60][64] Question: Can you provide details on the NEC deal and its revenue implications? - Currently, the company cannot disclose specific booking estimates or revenue terms for the NEC deal as they are still finalizing details [65] Question: Is the company comfortable with the $18 million bookings target for the year? - Management confirmed they are still on track to meet the $18 million bookings target for 2025 [67] Question: How is the company managing the transition from pilots to revenue? - The company has shifted to using production-level pilots, which allows for quicker transitions to revenue compared to traditional proof of concept methods [81][84]

Q2 2025 Results Conference Call August 14, 2025 © 2025 authID Inc. All Rights Reserved. Disclaimer & Forward Looking Statements This Presentation and information provided at a webcast or meeting at which it is presented (the "Presentation") has been prepared on the basis of information furnished by the management of authID Inc. ("authID" or the "Company") and has not been independently verified by any third party. This Presentation is provided for information purposes only. This Presentation is not an offer ...

Core Insights - Okta reported a 12% year-over-year total revenue growth for fiscal Q1 2026, achieving record profitability and strong cash flow [1] - The company introduced suite-based pricing and emphasized accelerating product innovation in both human and nonhuman identity [1][8] - Full-year fiscal 2026 guidance includes 9%-10% revenue growth, a 25% adjusted operating margin, and a 27% free cash flow margin [1][10] Revenue and Profitability - The company achieved record profitability alongside a 12% year-over-year revenue growth [1] - Guidance for Q2 fiscal 2026 anticipates 10% revenue growth and a 26% adjusted operating margin [10] Strategic Initiatives - Okta restructured its salesforce to specialize teams into dedicated Okta and Auth0 sellers, leading to strong new business performance and public sector wins [3] - The company launched suite-based pricing to meet customer demand for consolidation, enhancing cross-sell opportunities [8][9] Product Innovation - Workflow executions increased nearly 400% over the past three years, reaching nearly 40 billion in March [5] - Okta's identity governance suite and tools for managing nonhuman identities gained traction, with partners reporting readiness for mainstream adoption [5][6] Market Position and Outlook - The company emphasized its unique status as an independent identity provider with over 8,000 integrations, allowing flexibility without vendor lock-in [8][9] - Management has incorporated economic prudence into its forward outlook, anticipating seat headwinds in the first half of FY2026 [10]

Okta (NASDAQ: OKTA ) has established itself as the leading independent identity‑management platform, and its long‑term leadership is setting the stage for outsized gains as enterprises embrace AI‑driven agents. In the emerging era of generative AI, companies will deploy not just human users but"AWS Certified AI Practitioner Early Adopter"I am a DevOps Engineer for a major, wholly owned subsidiary of a large-cap Fortune 500. I am a true subject-matter expert on the actual buildout, deployment, and maintenanc ...

Core Insights - Okta Inc. reported strong fourth-quarter earnings, with adjusted earnings of 78 cents per share and revenue of $682 million, marking a 13% increase year-over-year, surpassing analyst expectations [2] - The company's stock surged 22% following the earnings report, indicating a positive market reaction and positioning for its best day in over a year [1] - CEO Todd McKinnon highlighted a "blowout quarter" with bookings exceeding $1 billion for the first time, and projected first-quarter revenue between $678 million and $680 million, also above estimates [2] Financial Performance - Adjusted earnings were 78 cents per share, beating the average analyst estimate of 73 cents [2] - Revenue for the fourth quarter was $682 million, exceeding the expected $669.6 million [2] - Year-to-date, Okta shares have rallied approximately 35%, recovering from a 13% slump in 2024 [3] Market Position and Strategy - Okta is positioned as a leader in the identity management market, with a focus on consolidating disparate identity systems for customers [3] - The company is taking steps to enhance its market leadership and capitalize on the growing demand for comprehensive identity security solutions [3] - Wall Street firms, including D.A. Davidson and Mizuho, have upgraded their ratings on Okta, citing durable double-digit growth potential and increased confidence in the company's subscription backlog [4][5] Future Outlook - The company anticipates continued momentum into FY 2026, driven by new product offerings that are expected to contribute significantly to revenue [5] - Analysts express optimism about Okta's ability to benefit from its growing suite of identity management products [5]