authID, a leading provider of biometric identity verification and authentication solutions, announced its financial and operating results for the second quarter of 2025.
Total revenue for the quarter reached a record $1.4 million, a significant increase from $0.3 million in the same period last year.
Operating expenses rose to $5.9 million compared to $3.6 million last year, leading to a net loss of $4.5 million.
The company also reported an Adjusted EBITDA Loss of $3.4 million and Gross bARR of $2.2 million for the quarter.
CEO Rhon Daguro highlighted the successful quarter, emphasizing growth initiatives and market expansion.
Record Revenue
Total revenue for the quarter reached $1.4 million, the highest in the company's history.
Expense Increase
Operating expenses rose to $5.9 million compared to $3.6 million in the same quarter last year.
Strategic Launches
authID launched IDX and expanded its market reach, enhancing its position in the identity industry.
Partnerships and Agreements
The company collaborated with NEC, Prove, and a Fortune Global 500 company for business expansions.
Technology Enhancements
PrivacyKeyTM was improved with one-to-many search capability, offering top speed and accuracy.
- authID achieved its highest quarterly revenue, demonstrating successful growth strategies.
- The launch of IDX and partnerships with industry leaders position authID for further market expansion and revenue growth.
- Technology enhancements like PrivacyKeyTM underscore the company's commitment to innovation and customer value.
- Increased headcount and strategic investments led to a rise in operating expenses, impacting the net loss for the quarter.
authID's second-quarter results showcase significant revenue growth and strategic initiatives to enhance its market presence and technological capabilities. The company's partnerships and product advancements reflect a strong focus on innovation and value creation for stakeholders.