Fastest-growing educational technology leader replaces homegrown solution with authID to enable authentication, protect privacy, and prevent fraud for distance learning in complex environments DENVER, CO, Dec. 04, 2025 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID), a leader in biometric identity authentication, today announced it was selected by an east coast-based innovative technology organization, serving the criminal justice sector, providing high quality education, reentry and rehabilitation resources for ...

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 has joined the NVIDIA Connect Program, marking a significant milestone in its development as a leader in biometric identity authentication and AI security [1][2][3] Company Overview - authID specializes in biometric identity authentication, ensuring enterprises can accurately verify user identities to prevent cybercrime [4] - The company utilizes a patented biometric identity platform with a False Positive Rate of 1 in 1 billion, providing high assurance and speed while preserving user privacy [4] NVIDIA Connect Program Participation - Joining the NVIDIA Connect Program allows authID to access advanced GPU technologies and AI frameworks, enhancing its AI security architecture [3] - The collaboration with NVIDIA aims to support enterprises in deploying AI agents with accountability and transparency, addressing the governance gap in Agentic AI [2][3] Strategic Goals - The partnership with NVIDIA is expected to accelerate the development of GPU-powered biometric and policy engines for real-time monitoring of both human and AI agents [3] - authID's commitment to serving customers within the NVIDIA ecosystem focuses on providing AI Agent security that evolves alongside Agentic AI advancements [4]

Core Insights - authID has introduced the authID Mandate™ Framework, a governance model aimed at enhancing security for Agentic AI systems, particularly focusing on non-human identities like AI agents [1][5] - The framework addresses the vulnerabilities associated with AI agents operating with phishable credentials and lacking accountability, which can lead to significant risks for enterprises [2][3] Company Overview - authID is a leader in biometric identity authentication, providing solutions that ensure enterprises can verify the identity of users behind devices, thereby preventing cybercriminal activities [6][7] - The company emphasizes the importance of a governance framework for AI agents, allowing enterprises to manage and control AI activities effectively [5][6] Mandate Framework Features - The Mandate Framework establishes accountability by ensuring each AI agent is sponsored by a verified human, creating a clear chain of trust [4][5] - It operationalizes the issuance of biometric-rooted, cryptographically verifiable credentials, enhancing security across digital workflows and multi-agent ecosystems [4][6] - The framework includes features such as fine-grained authorization policies, continuous observability of AI agent actions, and the production of tamper-evident logs for compliance and auditing purposes [6][7] Industry Context - The introduction of Agentic AI solutions poses significant concerns for enterprise CEOs, particularly regarding the potential for fraud and misuse without a robust governance framework [5] - Recent incidents of fraud involving AI agents highlight the urgent need for accountability and trust in AI systems, which the Mandate Framework aims to address [5]

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 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]