authID (AUID) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue grew to $0.30 million from $0.16 million year-over-year, driven by new customer contracts and enterprise deals.

• Net loss widened to $4.3 million from $3.1 million, reflecting increased investment in sales and R&D.

• Nearly $9 million in capital was raised in April and May 2025, supporting scaling, with an advisory board established.

• Progress made with Fortune 500 prospects, paid trials with major retailers, and expansion into public sector and international markets.

• Ended Q1 2025 with $2.9 million in cash and $3.0 million in working capital.

Financial highlights

• Revenue increased 88% year-over-year to $0.30 million in Q1 2025.

• Operating expenses rose to $4.7 million from $3.3 million, mainly due to higher headcount in sales and R&D.

• Net loss per share was $0.40, compared to $0.32 a year ago.

• Adjusted EBITDA loss was $3.9 million, compared to $2.4 million a year ago.

• Cash used in operations was $5.4 million, up from $2.9 million a year ago.

Outlook and guidance

• Reiterated 2025 bookings target of $18 million, expecting growth to accelerate as large deals close.

• Management expects to close multiple Fortune 500 and multinational customers in 2025.

• Only four to five large enterprise deals needed to achieve the $18 million bookings goal, with one potential deal large enough to meet the entire target.

• 34% of $13.85 million RPO expected to be recognized as revenue over the next 12 months, though timing is variable.