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) has launched Verified 3.0, a next-gen platform utilizing Human Factor Authentication (HFA) to enhance security against cyber threats. This system combines strong FIDO2 passwordless authentication with biometric verification, addressing flaws in legacy multi-factor authentication (MFA) systems. With 82% of data breaches exploiting human error, Verified 3.0 aims to protect organizations by eliminating password reliance and enabling quick biometric checks through a simple selfie. The platform supports seamless integration with identity management systems, enhancing user experience and security for enterprises globally.
authID (Nasdaq: AUID), a leader in mobile biometric identity authentication, held its Annual Meeting of Shareholders on September 20, 2022. During the meeting, all nominated directors were re-elected, and all proposed resolutions were adopted. CEO Tom Thimot provided an update on the company's recent activities after the meeting. authID specializes in secure identity verification solutions through its Verified™ platform, utilizing facial matching technology to enhance security and trust between businesses and customers.
authID (Nasdaq: AUID) announced a partnership with Kompliant to integrate its Verified™ biometric authentication platform, enhancing identity fraud prevention and digital onboarding. This collaboration aims to streamline merchant application processing and compliance for financial institutions amid rising cybersecurity threats. Kompliant recently secured $14 million in funding to accelerate growth, while authID's solutions provide rapid identity verification through mobile technology, ensuring secure transactions and a seamless user experience.
authID Inc. (Nasdaq: AUID) announced its 2022 Annual Meeting of Stockholders will occur virtually on September 20, 2022, at 10:00 a.m. EDT. Key proposals at the meeting include the election of the current eight directors, the ratification of auditors, and a proposal to reduce authorized shares to save costs. The Proxy Statement has been filed with the SEC, and stockholders will receive meeting materials via brokers. Attendees can submit questions during the webcast and are encouraged to vote by proxy to ensure their votes are counted.
authID (Nasdaq: AUID) reported Q2 2022 results with a net loss of $6.4 million, up from $3.0 million a year ago. Total revenue remained flat at $0.1 million. However, the company achieved significant milestones, including ISO 27001 certification and a perfect score for biometric security standards, enhancing its market position. Recent client wins include the American Board of Radiology and various financial institutions, indicating growth in the healthcare and financial services sectors. The firm aims for positive cash flow by 2024, despite macroeconomic challenges.
authID (Nasdaq: AUID) announced a partnership with the American Board of Radiology (ABR) to implement its facial biometric solution, Verified, for certification exams. This collaboration enhances identity assurance for candidates through a seamless verification process. The ABR launched an online exam platform in May 2021, necessitating remote identity verification due to pandemic-related restrictions. The Verified solution allows candidates to self-verify via a simple selfie, improving exam integrity and candidate experience.
authID (Nasdaq: AUID) announced it will release its financial results for Q2 2022 on August 9, following which CEO Tom Thimot and CFO Annie Pham will host a conference call at 5:30 p.m. EDT. This earnings release is expected to shed light on the company's performance in the biometric identity authentication sector. Investors can access the webcast and presentation through provided links, with a replay available for 90 days on authID’s Investor Relations page.
authID.ai (Nasdaq: AUID) reported financial results for Q1 2022, achieving total revenue of $0.6 million, unchanged from Q1 2021. However, net loss increased to $5.3 million, compared to $2.5 million a year prior, with a net loss per share of $0.22. The company secured $22.5 million in financing to support growth initiatives. Key accomplishments included new customer agreements, integration with Microsoft, and recognition as the 'Best ID Management Platform' by the FinTech Breakthrough Awards. The company aims for positive cash flow by 2024.
