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authID (AUID) investor relations material
authID Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved record Q2 2025 revenue of $1.44M, up from $0.3M–$0.28M in Q2 2024, driven by new contract go-lives, product launches, and enterprise deployments.
Launched IDX platform with NEC, expanding addressable market and enabling supply chain identity management.
Secured major partnerships, including NEC and Proof/Prove, with initial joint customer deployments and global rollouts imminent.
Enhanced PrivacyKey with one-to-many search and delivered high user acceptance and authentication speed.
Raised $8.5M in equity in April and May 2025 to support growth, operations, and platform launches.
Financial highlights
Q2 2025 revenue reached $1.4M–$1.44M, up from $0.16M–$0.3M in Q2 2024; six-month revenue was $1.7M–$1.74M.
Operating expenses rose to $5.9M–$6.9M, mainly due to higher headcount, R&D, and credit loss provisions.
Net loss for Q2 2025 was $4.4M–$5.9M, or $0.33 per share, compared to $3.3M–$3.26M last year.
Adjusted EBITDA loss was $2.5M–$3.4M, up from $2.5M last year but improved from $3.9M last quarter.
Annual Recurring Revenue (ARR) reached $5.8M as of June 30, 2025, up from $1.1M a year ago.
Outlook and guidance
Targeting $18M in booked annual recurring revenue (BAR) for 2025, with confidence in achieving this goal.
Expects continued revenue growth as existing contracts ramp and new deals close, with Q2 YTD revenue surpassing full-year 2024 by $900K.
Ongoing need to raise additional funds to support operations and growth; no assurance of profitability or future capital availability.
Management expects continued momentum, citing a robust sales pipeline and recent product launches.
Focus remains on accelerating customer go-lives and ramping global deployments, particularly with large enterprise clients.
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