Record growth and strategic partnerships …

Appearance date: March 13, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Authid Inc (Nasdaq: Auid) achieved a triple growth of the booked recurring income (ARR) in triple growth within six months and exceeded their initial 12-month goal.

• The company concluded the largest offer in its history, a contract for three years in the amount of $ 10 million with a next generation AI partner in India.

• Authid Inc (Nasdaq: Auid) expanded his partner ecosystem, including a partnership with Zendesk, which improves the market range and the customer base.

• The company introduced the data protection key, a significant progress in biometric authentication that offers smooth security and at the same time maintains high data protection standards.

• Authid Inc (Nasdaq: Auid) is positioned in such a way that in 2025 he completes several Fortune 500 and multinational customer transactions, which indicates strong future growth potential.

• In 2024, operating costs increased significantly to $ 15.6 million from USD $ 10.9 in 2023, which affected profitability.

• The company reported a net loss of continued business activity of $ 14.3 million for the whole year despite the improvement in sales.

• Authid Inc (Nasdaq: Auid), due to contract changes, recorded a temporary decline in the ARR $ 1.0 million in the fourth quarter from USD 0.8 million in the amount of USD 0.8 million.

• The increase in EBITDA to $ 11.9 million in 2024 compared to USD 8.7 million in 2023 was primarily due to reinvestment among employees and contractors.

• Some customer contracts had delays in go-live time plans that affected the immediate recognition of income.

Q: What are customers looking for in your sales talks and why do you choose Authid compared to other options? A: Customers focus primarily on three pillars: speed, accuracy and privacy. Authid offers biometric processing speeds much faster than the competitors with false agreement of 1 in one billion compared to the industry standard of 1 of 100,000. In addition, compliance with data protection laws is an important problem, and the solutions to Authid are effective and make it a preferred choice for customers. (Questioner: CEO ron deguro)

Q: How do customers perceive the integration of data protection key and Adia and could this lead to solutions for consumers? A: The Adia standard enables trust between institutions and enables companies such as banks to use the history of identity from other institutions. This reusability is strongly requested, and the Adia standard, which was founded by a key figure from the Fido alliance, gains acceptance. This could lead to solutions for consumers in which companies of a single source of identification trust in several platforms. (Questioner: CEO ron deguro)