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authID (AUID) investor relations material
authID Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 resulted in negative net revenue due to significant customer concessions and contract amendments, despite signing major new contracts with large enterprise clients, including a top 10 supermarket retailer, NECIC, and a fintech platform serving over 100 banks.
The company shifted focus from high-growth, less-established clients to larger, stable enterprise customers, leading to longer sales cycles but a higher quality pipeline.
Technology and product innovation, such as PrivacyKey and IDX, drove increased engagement and partnerships with top-tier organizations and industry leaders.
Cash used in operations was $11.8 million for the nine months ended September 30, 2025, with $4.9 million in cash and $4.6 million in working capital at quarter-end.
$8.5 million was raised in equity financing in April and May 2025 to support ongoing operations.
Financial highlights
Gross revenue for Q3 2025 was $0.6 million (up from $0.2 million year-over-year), but net revenue was negative $0.1 million due to $0.7 million in concessions and ceased revenue recognition for a major customer.
Operating expenses rose to $5.1 million in Q3 2025 (up from $3.8 million), with a nine-month total of $15.7 million.
Net loss for Q3 2025 was $5.2 million ($0.38/share), and $13.9 million for the nine months ended September 30, 2025.
Adjusted EBITDA loss was $4.1 million for Q3 and $11.4 million for the nine months.
Annual Recurring Revenue (ARR) as of Q3 2025 was $1.7 million, up from $1.0 million in Q3 2024.
Outlook and guidance
BAR target for 2025 was reduced from $18 million to $6 million due to longer enterprise sales cycles.
Management plans to raise additional funds to support operations, with no assurance of profitability or positive cash flow in the near term.
RPO at Q3 2025 was $3.6 million, with about 48% expected to be recognized as revenue over the next twelve months, though timing is uncertain.
Focus remains on signing large enterprise clients, expanding product adoption, and building a sustainable recurring revenue stream.
2025 strategy emphasizes leveraging best technology and team to maximize shareholder value.
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