Welcome to our dedicated page for AUTHID news (Ticker: AUID), a resource for investors and traders seeking the latest updates and insights on AUTHID stock.
AuthID Inc. (Nasdaq: AUID) delivers cutting-edge biometric identity verification solutions that empower enterprises to combat digital fraud and streamline secure user authentication. This dedicated news hub provides investors and industry professionals with essential updates on the company's technological advancements, strategic partnerships, and market positioning.
Discover official press releases covering product innovations, financial performance, and cybersecurity initiatives. Our curated collection ensures timely access to AuthID's developments in facial biometrics, passwordless authentication, and AI-driven fraud detection – critical areas shaping modern enterprise security landscapes.
Key updates include regulatory compliance milestones, technology patent announcements, and cross-industry deployment case studies. Bookmark this page for centralized access to AuthID's evolving role in redefining secure digital interactions across financial services, telecommunications, and regulated sectors.
authID (Nasdaq: AUID), a biometric identity verification provider, has joined the Secure Technology Alliance (STA), an industry association focused on promoting secure solutions including smart cards and embedded chip technology. The membership aims to advance the development of global identity standards across authentication technologies.
Through its platform featuring Proof, Verified, and PrivacyKey™, authID offers solutions that verify user identity and prevent cybercrime during account operations. The company's technology boasts one-in-one-billion false-match accuracy and implements PrivacyKey's protocol that eliminates biometric data storage.
CEO Rhon Daguro emphasized the alignment with authID's mission to deliver secure biometric authentication solutions, while STA Executive Director Christina Hulka welcomed the company's unique perspectives on biometric authentication and compliance-focused identity verification.
authID Inc. (NASDAQ: AUID) has successfully closed its registered direct offering, raising $8.15 million in gross proceeds through the sale of 1,811,120 shares of common stock and/or Pre-Funded Warrants at $4.50 per share.
The offering was co-placed by Dominari Securities and Madison Global Partners, In conjunction with the closing, authID established an Advisory Board featuring Eric Swider and Donald Nitti, who bring extensive experience in industry and government sectors relevant to authID's biometric solutions.
CEO Rhon Daguro highlighted the company's progress in market education regarding biometric authentication, noting increased client adoption and expanding applications. The net proceeds will be utilized for working capital and general corporate purposes.
authID (NASDAQ: AUID) has announced a registered direct offering of approximately 1,811,111 shares of common stock and/or Pre-Funded Warrants at $4.50 per share, expecting to raise gross proceeds of approximately $8.15 million. The offering is scheduled to close around April 1, 2025.
The company will establish an Advisory Board featuring Eric Swider, former CEO of Digital World Acquisition Corp, and Donald Nitti, Founder and CIO of Chroma Ventures. Dominari Securities and Madison Global Partners, served as Co-Placement Agents for the offering.
The net proceeds will be used for working capital and general corporate purposes. The offering is made pursuant to a shelf registration statement (Registration No. 333-283580) declared effective by the SEC on December 13, 2024.
authID (Nasdaq: AUID), a biometric verification and authentication solutions provider, has won the 'Best ID Management Platform' award at the 2025 FinTech Breakthrough Awards. This marks the company's third recognition in four years, having previously won in 2022 and 2023.
The company's platform features include sub-second fast authentication, advanced deepfake detection, and their innovative PrivacyKey™ solution, which maintains one-in-one-billion false-match accuracy and 25ms authentication speed while storing zero biometric data. The platform utilizes public/private key encryption and key-rotation capabilities to enhance security.
The award, presented by FinTech Breakthrough in their 9th annual ceremony, recognizes exceptional performance and innovation in the financial technology industry. Winners were selected by an independent panel of experts based on various criteria in financial services and technology.
authID (NASDAQ: AUID) reported its Q4 and FY2024 financial results, showing mixed performance. Q4 revenue increased to $0.20M from $0.07M YoY, while operating expenses rose to $4.9M from $3.3M. The company's Q4 loss widened to $4.6M ($0.49/share) from $3.2M ($0.41/share).
For FY2024, revenue grew to $0.89M from $0.19M, with Annual Recurring Revenue (ARR) reaching $0.80M. Operating expenses increased to $15.6M from $10.9M, while the yearly loss improved to $14.3M ($1.40/share) from $19.6M ($3.19/share).
Notable achievements include:
- Signing a $10M multi-year agreement with an AI company for biometric authentication in India
- Launch of PrivacyKey™ for enhanced biometric authentication privacy
- Gross Booked Annual Recurring Revenue (bARR) of $9.01M in 2024, up from $2.94M in 2023
- Remaining Performance Obligation (RPO) of $14.26M, compared to $4.03M YoY
authID (Nasdaq: AUID) has released a comprehensive whitepaper on combating deepfake fraud in digital authentication systems. The report, titled 'Deepfake Countermeasures,' highlights the company's proprietary multi-layered detection system, which achieves a billion-to-one false-match accuracy rate and a 35-millisecond matching speed.
The whitepaper reveals that manual document review identifies sophisticated deepfakes less than 1% of the time, while over 40% of financial sector fraud attempts are AI-driven. authID's platform features advanced liveness detection technology and builds upon their recent launch of PrivacyKey™, a biometric solution that ensures secure authentication without storing facial data.
The solution integrates with authID's Proof™ and Verified™ platforms, offering enterprises key-rotation capabilities for controlled access to sensitive data while maintaining regulatory compliance and user privacy.
authID (Nasdaq: AUID), a provider of biometric identity verification and authentication solutions, has scheduled its Fourth Quarter and Full Year 2024 financial results announcement for March 13, 2025, after market close.
CEO Rhon Daguro and CFO Ed Sellitto will host a webcast at 5:00 p.m. EDT to discuss the results and provide a corporate update. Participants are encouraged to join 15 minutes before the start time. The presentation will be available for replay for 90 days on the company's investor relations website.
authID (Nasdaq: AUID) has been featured in a new Prism Project report by Acuity Market Intelligence, highlighting its leadership in biometric identity verification and authentication solutions. The report names authID as a 'luminary' for its platform, which achieves a one-in-one-billion false-match accuracy rate while maintaining zero-knowledge architecture for data protection.
The company's newly launched PrivacyKey™ technology, along with solutions Proof™ and Verified™, represents a significant advancement in balancing security and privacy. The Prism Project forecasts 300% growth in demand for privacy-focused biometric solutions over the next three years.
The report emphasizes authID's recent partnership with Salus to enhance credit union services for 120 million underserved individuals. The company has also secured partnerships with financial institutions, technology companies, and firms in staffing, philanthropy, and customer service sectors.
authID (Nasdaq: AUID), a biometric identity verification provider, has been selected by Salus, a microlending platform, to handle onboarding and authentication for their financial services targeting underprivileged communities. Salus, launched in 2023, partners with credit unions to provide credit access to over 120 million young, under-served adults without prime credit scores.
The partnership aims to deliver fast, accurate verification while protecting user privacy and maintaining regulatory compliance. Salus chose authID after evaluating various vendors, finding their biometric solutions superior to previous probabilistic fraud detection systems. The platform will help credit unions build trust with members and expand financial access to individuals typically excluded from traditional banking services.
authID (Nasdaq: AUID) has announced the granting of stock options as inducement awards to two new employees. The first employee received options to purchase 20,000 shares at an exercise price of $5.99 per share, while the second employee received options to purchase 30,000 shares at $5.89 per share. These options will vest monthly over three years in 36 equal installments, contingent on continued employment, and have a 10-year term. The grants were made in accordance with Nasdaq Listing Rule 5635(c)(4).
