authID (AUID) Q2 2025 earnings summary

Executive summary

• Achieved record quarterly revenue of $1.44 million in Q2 2025, driven by new customer contracts, major go-lives, and product launches including IDX with NEC.

• Net loss for Q2 2025 was $4.38 million, or $0.33 per share, with operating expenses rising due to headcount, R&D, and a credit loss provision.

• Raised $8.5 million in equity in April and May 2025, strengthening cash reserves to $8.3 million at quarter-end.

• Launched the IDX platform in partnership with NEC, expanded global deployments, and signed key agreements with major industry players including Proof/Prove.

• Enhanced product offerings such as PrivacyKey and strengthened the board with new members.

Financial highlights

• Q2 2025 revenue reached $1.44 million, up from $0.16–$0.3 million in Q2 2024; six-month revenue was $1.74 million.

• Operating expenses for Q2 2025 were $5.9–$6.9 million, mainly due to higher G&A, R&D, and staffing.

• Net loss for Q2 2025 was $4.38–$5.9 million; adjusted EBITDA loss was $2.5–$3.4 million.

• ARR as of June 30, 2025, was $5.8 million, up from $1.1 million a year ago; Booked ARR (bARR) for Q2 was $2.16–$2.2 million.

• Cash at June 30, 2025, was $8.3 million, with working capital of $8.7 million and total assets of $15.8 million.

Outlook and guidance

• Management expects continued revenue growth as more contracts go live and ramp up, with a focus on global deployments and recurring revenue.

• Remain on track to achieve $18 million in BARR for 2025, with $3.3 million from the India contract expected in the second half.

• Ongoing need to raise additional funds to support operations and growth; no assurance of profitability or future capital availability.