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.ai (Nasdaq: AUID) announces the appointment of Annie Pham as Chief Financial Officer effective June, following Stuart Stoller's retirement after serving since 2017. During his tenure, Stoller significantly contributed to the company’s growth and its Nasdaq uplisting in 2021, alongside a funding raise of over $22 million. Pham, with over 20 years of finance experience, comes from SonicWall, where she led a team of over 30 professionals. She aims to execute the company's growth strategy and enhance financial management, driving value for customers and shareholders.
authID.ai (Nasdaq: AUID) will report its financial results for the first quarter ending March 31, 2022, on May 9, 2022, after market close. Following this, CEO Tom Thimot and CFO Stu Stoller will host a conference call at 5:30 p.m. EDT to discuss the results and provide updates. Investors can access the call via a dedicated link or by dialing in, and a replay will be available until May 16. The company specializes in biometric identity authentication solutions, aiming to enhance security and privacy for users.
authID.ai (Nasdaq: AUID) has appointed Joe Trelin to its Board of Directors, significantly enhancing its leadership with his extensive experience from CLEAR and NBC Universal. Trelin's expertise in technology product management and identity service innovation comes at a critical growth phase for the company, especially following their recent funding of over $22 million. His background in developing identity platforms across various sectors positions authID to innovate in the biometric authentication market, aiming to combat digital fraud effectively.
authID.ai has successfully completed a financing round of $22.5 million, which will support operations through 2023. For the year ended December 31, 2021, the company reported total revenue of $2.3 million, up from $2.1 million in 2020, but suffered a net loss of $17.7 million, compared to $11.3 million in the prior year. The adjusted EBITDA loss increased to $8.96 million. The company aims to strengthen its position in the identity authentication market by enhancing its Verified Identity as a Service (IDaaS) platform and leveraging strategic partnerships.
authID.ai (Nasdaq: AUID) has successfully closed financing totaling approximately $22.5 million, which is expected to cover working capital needs through 2023. The financing includes:
- $9.2 million through senior secured convertible promissory notes at a conversion price of $3.70.
- $3 million from the sale of common stock at $3.03 per share and $300,000 from management shares at $3.70.
- $10 million borrowing capacity under a credit facility.
authID.ai (Nasdaq: AUID) will report its financial results for the fiscal year ended December 31, 2021, on March 21, 2022, before the market opens, a day earlier than previously scheduled. Following the release, CEO Tom Thimot, President & CTO Tripp Smith, and CFO Stu Stoller will host a conference call and webcast at 8:30 a.m. EDT to discuss the results and recent developments. Investors can access the presentation and call via the company's Investor Relations website. For participation, dial-in numbers are provided for toll-free and international callers.
authID.ai (Nasdaq: AUID) will report its financial results for the fiscal year ended December 31, 2021, on March 22, 2022, after market close. The conference call, hosted by CEO Tom Thimot and other executives, will begin at 5:00 p.m. EDT. Investors can join via phone or webcast. This event follows the company’s strategic focus on secure, mobile biometric identity verification solutions, enhancing customer trust and security through innovative technology.
authID.ai (Nasdaq: AUID) has received a Notice of Allowance from the U.S. Patent and Trademark Office for its innovative multi-party, multi-factor authentication patent, crucial for its Verified™ identity verification platform. This patent safeguards a method that allows account holders to authorize transactions while simultaneously enabling third-party verification of their identity through biometrics and personal codes. CEO Tom Thimot emphasized that this patent enhances security against fraudulent activities and creates an unchallengeable audit trail, reinforcing the company's commitment to robust identity authentication.
