authID Reports Financial and Operating Results for Q2 2025

authID, a leading provider of biometric identity verification and authentication solutions, has released its financial and operating results for the second quarter of 2025. The company has reported significant growth in revenue and other key financial metrics, marking the highest quarterly revenue in its history.

Financial Highlights

For the second quarter of 2025, authID reported a total revenue of $1.4 million, a substantial increase from $0.3 million in the same period last year. Operating expenses rose to $5.9 million from $3.6 million a year ago, primarily due to increased headcount and continued investment in sales and R&D. The net loss for the quarter was $4.5 million, or $0.33 per share, compared to a loss of $3.3 million, or $0.34 per share, a year ago. Adjusted EBITDA loss was $3.4 million, compared to $2.5 million a year ago.

Business and Operational Highlights

authID launched IDX in collaboration with NEC, significantly expanding its total addressable market in the identity management industry. The company also initiated a paid live production trial with a Fortune Global 500 company in the UK and signed an agreement with Prove, one of the largest identity fraud platforms globally. Additionally, authID enhanced its PrivacyKeyTM with a one-to-many search capability and added highly qualified board members to strengthen its mission.

Strategic Initiatives and Corporate Developments

authID's recent strategic initiatives include the launch of IDX, a major advancement in the identity industry, and a paid live production trial with a Fortune Global 500 company. The company also signed an agreement with Prove and enhanced its PrivacyKeyTM product. These initiatives are expected to drive future growth and expand the company's market reach.

Management's Perspective

Rhon Daguro, authID’s Chief Executive Officer, stated, "In the second quarter, we delivered our highest quarterly revenue in the history of our business, further demonstrating that we are executing our plan to drive growth and value for shareholders. Our strong second quarter results reflect both the dedication of our team and the progress we’ve made in strengthening our technology and expanding our market reach."

Future Outlook

authID expects continued momentum with ongoing product enhancements and a robust sales pipeline. The company anticipates recognizing the full Remaining Performance Obligation (RPO) of $13.8 million over the life of the contracts, typically signed with a 3-year term. The company also projects growth in its Booked Annual Recurring Revenue (bARR) and Annual Recurring Revenue (ARR).

SEC Filing: authID Inc. [ AUID ] - 8-K - Aug. 14, 2025