Biometric ID firm authID Q3 net revenue turns negative, loss widens

authID

12/11/2025 21:33

Overview

authID Q3 gross revenue rises to $0.6 mln from $0.2 mln a year ago

Net revenue for Q3 was negative $(0.1) mln due to one-time concessions

Company's Q3 net loss widens to $5.2 mln, with increased operating expenses

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

ENTERPRISE FOCUS - authID focused on large enterprise accounts, impacting short-term revenue

STRATEGIC AGREEMENTS - authID signed agreements with major enterprises, expanding market presence

PRODUCT LAUNCH - Launched IDX with NESIC, expanding addressable market in identity management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$700,000
Q3 EPS
-$0.38
Q3 Adjusted EBITDA
-$4.10 mln
Q3 Operating Expenses
$5.10 mln


Press Release: ID:nGNX6gRt2w

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)