2026-03-31 20:38:33
authID Inc. Reports Financial Results for FY 2025 with Increased Revenue but Continued Losses
Expected Stock impact: Slightly Negative
authID Inc. (Nasdaq: AUID) has released its financial results for the fiscal year ended December 31, 2025, revealing a total revenue of $2.0 million, a significant increase from $0.9 million in the previous year. Despite this growth, the company reported a net loss of $17.9 million, or $1.38 per share, compared to a loss of $14.3 million, or $1.40 per share, in FY 2024. The increase in revenue was attributed to the company's expanding customer base and the successful implementation of its biometric identity verification solutions. However, operational expenses also rose sharply to $20.2 million from $15.6 million, primarily due to increased headcount and investments in research and development. The adjusted EBITDA loss for the year was $14.4 million, up from $11.9 million in the prior year. The company noted that its Booked Annual Recurring Revenue (bARR) was $2.4 million, down from $9.0 million in 2024, indicating challenges in contract execution and customer adoption. CEO Rhon Daguro emphasized the importance of their biometric authentication platform in addressing identity verification challenges in various industries, including financial services and retail. The company is currently engaged in multiple sales cycles with large multinational clients, indicating potential for future growth. Despite the positive revenue growth, the continued losses and rising operational costs present challenges for authID Inc. as it seeks to stabilize its financial performance and enhance shareholder value.
