Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $0.4 million, compared to $0.2 million in Q4 2024, representing a year-over-year increase of 100% [32] - For the full year 2025, total revenue was $2.0 million, up from $0.9 million in 2024, indicating a year-over-year increase of 129% [32] - Net loss for Q4 2025 was $4.0 million, an improvement from a net loss of $4.6 million in Q4 2024 [34] - Adjusted EBITDA loss for Q4 2025 was $3.0 million, compared to a loss of $4.1 million in the same period last year [36] - Annual recurring revenue (ARR) as of Q4 2025 was $1.8 million, up from $0.8 million in Q4 2024 [37] Business Line Data and Key Metrics Changes - The core business, which includes customers who are live, ramping, and paying, grew substantially, with underlying revenue in Q4 being over 2x what it was a year ago [25] - The gross booked annual recurring revenue (bARR) for Q4 2025 was $0.1 million, down from $7.1 million in Q4 2024, primarily due to longer sales cycles for enterprise deals [38] Market Data and Key Metrics Changes - The company has a pipeline of over $30 million in active engagements with a significant number of large enterprise accounts, indicating strong market demand [26] - The remaining performance obligation (RPO) as of December 31, 2025, was $2.2 million, a decrease from $3.6 million in the previous quarter [35] Company Strategy and Development Direction - The company is focusing on expanding its partnerships and technology deployments, including a full production agreement with a major European retail chain and collaborations with MajorKey Technologies and NESIC [13][14][15] - The company aims to leverage its proprietary technology to address the urgent identity security issues faced by enterprises, particularly in the context of AI and deepfake threats [7][8][11] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the increasing market interest in the company's technology, highlighting that major enterprises are actively seeking solutions to identity security challenges [7][9] - The company anticipates resuming RPO growth in 2026 as it gains traction in closing additional enterprise deals [35][42] Other Important Information - The company was accepted into the NVIDIA Connect program, which will enhance its development capabilities in AI and machine learning [23] - The company has made significant advancements in its technology, including the launch of the authID Mandate Framework for AI security [21] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $0.4 million, up from $0.2 million in Q4 2024, representing a year-over-year increase of 100% [17] - Full-year total revenue reached $2.0 million, compared to $0.9 million in the previous year, marking a 129% increase [17] - Operating expenses for Q4 decreased to $4.5 million from $4.9 million year-over-year, while full-year operating expenses rose to $20.2 million from $15.6 million [17][18] - Net loss for Q4 was $4.0 million, an improvement from a net loss of $4.6 million in the same quarter last year [18][19] - Adjusted EBITDA loss for Q4 was $3.0 million, compared to a loss of $4.1 million in Q4 2024 [20] Business Line Data and Key Metrics Changes - The core business saw significant growth, with underlying revenue in Q4 more than doubling to $406 thousand from $200 thousand year-over-year [13] - Annual recurring revenue (ARR) as of Q4 was $1.8 million, up from $0.8 million in the same period last year [21] - Booked annual recurring revenue (BAR) for Q4 was $0.1 million, down from $7.1 million a year ago, primarily due to longer sales cycles [22][24] Market Data and Key Metrics Changes - The company is engaged in active conversations with top players across various industries, including financial services, technology, and healthcare, indicating strong market interest [5][6] - The company has a pipeline of over $30 million in active engagements with large enterprise accounts [14] Company Strategy and Development Direction - The company is focused on enhancing its technology and expanding partnerships, including a significant agreement with a major European retailer for a live production deployment of its PrivacyKey technology [7][8] - The launch of the authID Mandate Framework aims to address accountability issues related to AI agents, positioning the company as a leader in identity security [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market demand for identity solutions, noting that major enterprises are increasingly recognizing the need for robust identity verification systems [4][5] - Despite setbacks from earlier contracts, management believes the company is well-positioned for growth in 2026, with expectations of resuming RPO growth and closing additional enterprise deals [20][24] Other Important Information - The company was accepted into the NVIDIA Connect program, enhancing its capabilities in AI and machine learning [12] - The technology has received independent validation, being named Best Digital Trust Solution for ID Verification and Authentication at the 2025 PayTech Awards [10] Q&A Session Summary - No specific questions or answers were documented in the provided content, indicating that the focus was primarily on the presentation of results and strategic insights rather than a detailed Q&A session.

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]