Authid Inc
authid.aiWhat Do They Do?
Sells cloud-based biometric identity verification and authentication software for enterprises, including tools for customer and employee logins, identity checks, and account recovery.
10-K for FY2025, filed Mar 31, 2026authID Inc. (the “Company”) ensures enterprises “Know Who’s Behind the Device”TM for every customer or employee login and transaction…View ↗
Our cloud-based platform was developed with internally developed software as well as acquired and licensed technology and provides the…View ↗
Biometric identity verification establishes the trusted identity of a user based on a variety of ground truth sources, including…View ↗
Biometric identity authentication provides any organization with a secure, convenient solution to validate that an individual is the…View ↗
How Do They Make Money?
Enterprise customers pay subscription and usage-based fees, including charges based on transactions, enrolled or active users, and monthly flat fees. Transaction charges are billed monthly, while minimum annual fees are generally spread over the contract year.
10-K for FY2025, filed Mar 31, 2026authID provides its software as a service (SaaS) platform based on a subscription and usage-based model, with fees per transaction…View ↗
Software License – The Company recognizes revenue based on the identified performance obligations over the performance period for fixed…View ↗
For contracts with minimum annual fees, the Company generally recognizes the amount of revenue ratably over the contract year and records…View ↗
$2M
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10-K for FY2025, filed Mar 31, 2026
$2M ↗
Who Are Their Customers?
Enterprises use the platform to verify consumers, employees, and third-party vendors. authID sells primarily through its direct sales team and also reaches customers through cybersecurity and financial technology partners in original equipment manufacturer or reseller arrangements.
10-K for FY2025, filed Mar 31, 2026Biometric identity verification establishes the trusted identity of a user based on a variety of ground truth sources, including…View ↗
We sell our platform primarily through our direct sales team, which consists of inside sales and field sales professionals based in the…View ↗
We also work with partners such as cybersecurity and financial technology providers who provide our services to their customers through OEM…View ↗
Do Revenues Turn Into Profits?
No. It lost $17.9M in FY2025.
10-K for FY2025, filed Mar 31, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$4.8MView ↗
- ▲ +8% (Loss)
- vs −$4.4M in Q2 FY2025
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Sep 2, 2026
Chief executive resigned; chief technology officer became interim CEO
The departing CEO became chairman of the board.
Sources
8-K, filed Sep 2, 2026
On August 26, 2026, Rhoniel A. Daguro notified the Board of Directors of the Company (the “Board”) of his resignation as Chief Executive…View ↗
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Sep 1, 2026
Nasdaq cited a minimum bid price deficiency
The company received an initial compliance period to regain compliance with the bid price rule.
Sources
8-K, filed Sep 1, 2026
On August 27, 2026, authID Inc. (the “Company”) received a deficiency letter (the “Notice”) from the Listing Qualifications Department of…View ↗
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Aug 21, 2026
Nasdaq cited a stockholders’ equity listing deficiency
The company had 45 calendar days to submit a plan to regain compliance.
Sources
8-K, filed Aug 21, 2026
The Notice has no immediate effect on the listing or trading of the Company’s common stock, which continues to trade on the Nasdaq Capital…View ↗
Growing. Revenue grew 3.3x in 4 years, from $613.5K in FY2021 to $2M in FY2025, about 34% a year.
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