authID 2025 revenue more than doubles
Overview
US biometric ID platform's fiscal 2025 revenue more than doubled year-over-year
Net loss widened to $17.9 mln, with adjusted EBITDA loss also increasing
Operating expenses rose due to increased headcount and investment in sales and R&D
Outlook
authID did not provide specific financial guidance for the current quarter or full year
Result Drivers
NEW CUSTOMER WINS - Co attributed revenue growth to new agreements with a top-20 global retailer, a global technology firm, and a fintech platform serving over 100 financial institutions
CONTRACT CHALLENGES - Revenue was negatively affected by accounting adjustments related to challenges with two customer contracts, including delays and issues with customers meeting contractual obligations
DECLINE IN BOOKED RECURRING REVENUE - Booked annual recurring revenue (bARR) fell sharply due to customer delays in production go-live, slower volume ramping, and challenges meeting contractual obligations
Company press release: ID:nGNX5g6Hnn
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| $2 mln |
|
FY EPS |
| -$1.38 |
|
FY Adjusted EBITDA |
| -$14.40 mln |
|
FY Operating Expenses |
| $20.20 mln |
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