authID Reports Financial and Operating Results for the Fourth Quarter and Fiscal Year Ended December 31, 2024

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DENVER, March 13, 2025 (GLOBE NEWSWIRE) -- authID® (Nasdaq: AUID) ("authID”), a leading provider of biometric identity verification and authentication solutions, today reported financial and operating results for the fourth quarter and full year ended December 31, 2024.Fourth Quarter 2024 vs.2023 Financial Summary Total revenue for the quarter increased to $0.20 million, compared to $0.07 million a year ago.

Gross bARR (Booked Annual Recurring Revenue) of $7.13 million (non-GAAP measure as defined below), compared with $1.67 million a year ago.Fiscal Year 2024 vs.2023 Financial Summary Total revenue for the year increased to $0.89 million, compared to $0.19 million a year ago.

The Company expects to recognize the full RPO of $14.26 million over the entire life of the contracts, which are typically signed with a 3-year term The gross amount of Booked Annual Recurring Revenue or bARR, (a non-GAAP measure, as defined below), signed in the fourth quarter of 2024 was $7.13 million, up from $1.67 million of gross bARR a year ago.

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Author / Journalist: authID Inc.

Category: Technology

Markets: ChinaIndiaUkraine

Topics: Nasdaq:AUID US46264C3051

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 20:00:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 2457 words

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Sentences: 62 lines

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News ID: 26964864

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