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]

BOCA RATON, Fla., May 05, 2025 (GLOBE NEWSWIRE) -- Interactive Data, LLC ("IDI"), a red violet company (NASDAQ: RDVT) and leader in identity verification and risk mitigation, today announced a new integration with Ping Identity, a leader in securing digital identities for the world's largest enterprises, which leverages PingOne DaVinci™, a no-code identity orchestration service. The strategic relationship will expand industry access to IDI's leading AI/ML-powered technology platform and comprehensive identi ...

Core Business Performance - The company reported a 100% increase in revenue for Q1 2025 compared to the same quarter last year, driven by strong demand for biometric authentication solutions [5][7] - Revenue for Q1 2025 amounted to SEK 18.2 million, up from SEK 9.1 million in the previous year [7] - The gross margin for Q1 2025 was 56.6%, a decrease from 65.8% in the previous year, attributed to a higher proportion of software sales in 2024 [7][9] Strategic Changes - The company is exiting low-margin product segments to focus on high-value biometric and identity markets, classifying associated results as discontinued operations for better transparency [6][8] - A rights issue was successfully completed in February 2025, enhancing the company's financial position [7] Financial Metrics - EBITDA for Q1 2025 was SEK 10.7 million, compared to a negative SEK 55.7 million in the previous year [7] - The operating result was negative SEK 0.3 million, an improvement from negative SEK 67.3 million [7] - Cash flow from operating activities was negative SEK 36.4 million, including a negative SEK 22.0 million from discontinued operations [7] Growth Strategy - The company aims to accelerate revenue growth while maintaining high gross margins through strategic partnerships, product innovation, and IP monetization [11] - Key partnerships include a licensing agreement with Smart Eye for iris recognition technology, expanding opportunities in automotive [12] - The company is focusing on sectors requiring advanced authentication, such as enterprise security, and is investing in new revenue streams [11][12] Operational Efficiency - The company has streamlined operations, reducing headcount by 27% since year-end 2024 and 70% year-on-year, to enhance financial flexibility [10] - The strategic transformation includes modernization of operations, technology, and processes to improve agility and customer engagement [11]