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]

Financial Performance - The company's market capitalization is approximately $570 million as of April 30, 2025 [5] - Total revenue for the trailing twelve months (TTM) is $242 million [5, 9] - The company has $105 million in cash and equivalents [5, 31] - Q1 2025 revenue was $63 million, a decrease of 2% year-over-year [26, 27, 35] - Q1 2025 subscription revenue grew by 9% to $44 million [28, 29] - Annual Recurring Revenue (ARR) grew by 9% to $168 million [5, 30, 31, 40] - Net Recurring Revenue (NRR) is at 107% [5, 31] - Adjusted EBITDA for Q1 2025 was $23 million, representing a 36% margin [31] - Non-GAAP EPS for Q1 2025 was $0.45 [31] - The company paid a quarterly cash dividend of $0.12 per share in Q1 2025 [31] Business Segments - Security Solutions accounted for $180 million (74%) of the total revenue [9] - Digital Agreements contributed $62 million (26%) to the total revenue [9] - Security Solutions subscription revenue grew by 5% [15] - Digital Agreements revenue grew by 16% [20]