Overview

* authID Q3 gross revenue rises to $0.6 mln from $0.2 mln a year ago

* Net revenue for Q3 was negative $(0.1) mln due to one-time concessions

* Company's Q3 net loss widens to $5.2 mln, with increased operating expenses

Outlook

* Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

* ENTERPRISE FOCUS - authID focused on large enterprise accounts, impacting short-term revenue

* STRATEGIC AGREEMENTS - authID signed agreements with major enterprises, expanding market presence

* PRODUCT LAUNCH - Launched IDX with NESIC, expanding addressable market in identity management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $700,000

Revenue

Q3 EPS -$0.38

Q3 -$4.10

Adjusted mln

EBITDA

Q3 $5.10

Operatin mln

g

Expenses

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)