authID (AUID) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2026 was $1.0 million, down from $1.7 million year-over-year, primarily due to contract concessions in 2025 that lowered 2026 revenue.

• Net loss for the six months ended June 30, 2026 was $9.2 million, compared to $8.7 million in the prior year period.

• The company reported second quarter 2026 financial results and announced the Board is evaluating strategic and financing alternatives to maximize shareholder value.

• Continued customer and partner signings, with significant investment in a major financial institution POC and advanced contract negotiations with a manufacturer for workforce verification.

• The company implemented a cost reduction initiative in April 2026, reducing headcount and vendor expenses.

Financial highlights

• Revenue for Q2 2026 was $0.5 million, down from $1.4 million in Q2 2025.

• Net loss per share for Q2 2026 was $(0.29), compared to $(0.33) in Q2 2025.

• Adjusted EBITDA for the six months ended June 30, 2026 was $(6.1) million, compared to $(7.3) million in the prior year.

• Cash on hand as of June 30, 2026 was $1.4 million, with a working capital deficit of $(2.3) million, mainly due to $3.8 million in short-term senior secured debt.

• Operating cash outflows were $6.7 million for the six months ended June 30, 2026, down from $8.4 million in the prior year.

Outlook and guidance

• The company plans to raise additional funds as needed to support ongoing operations and investments.

• There is substantial doubt about the company's ability to continue as a going concern for the next twelve months without additional capital.

• Growth strategy focuses on increasing usage by existing customers, acquiring new customers, and expanding into new markets.

• The Board is considering a range of strategic and financing alternatives, including partnerships, investments, additional financing, or a sale/merger.

• No definitive timeline set for the strategic review process; further updates will be provided only if a specific transaction is approved or required by law.