Cybersecurity Analysts Discuss Quota Attainment and GTM Trends on Analyst/Industry Conference Call

Roth MKM cybersecurity analysts are hosting a conference call with Ryan Walsh, founder of RepVue, to discuss tracking quota attainment, GTM trends for software/SaaS, and relevant companies such as PANW, OKTA, ZS, CRWD, S, RBRK, FTNT, CHKP, and CYBR. The call will be held on August 21 at 1 pm and can be accessed through a webcast link.

authID (AUID) reported its second quarter (Q2) 2025 earnings on August 14, 2025, showcasing a significant revenue increase driven by new contract activations and strategic partnerships. The company's GAAP revenue reached $1.4 million, marking its highest quarterly revenue in history [1].

Key highlights from the earnings call include:

- Revenue Growth: authID's GAAP revenue surged to $1.4 million in Q2 2025, up sharply from $300,000 in both Q2 2024 and Q1 2025. This growth was primarily attributed to the company's new contracts and partnerships.
- Annual Recurring Revenue (ARR): authID's ARR as of Q2 2025 stood at $5.8 million, compared to $1.1 million in Q2 2024 and $1.2 million in Q1 2025.
- Booked Annual Recurring Revenue (BAR): authID's BAR gross year-to-date (YTD) in 2025 reached $2.2 million, up from $600,000 in 2024 and $10,000 in Q1 2025. This growth was largely driven by the signing of the Proof partnership.
- Operating Expenses and Net Loss: Operating expenses rose to $5.9 million from $3.6 million the previous year and $4.7 million in the prior quarter. Net loss was $4.4 million, compared to $3.3 million for Q2 2024 and $4.3 million for Q1 2025.
- Cash Balance: authID's cash balance as of June 30, 2025, was $8.3 million, reflecting $8.5 million in net proceeds from capital raises in April and May 2025 and an increase in shares outstanding to 13.4 million.
- Strategic Partnerships and Platform Launches: authID announced several strategic partnerships and platform launches, including:
- A partnership with NEC to demonstrate reusable identity interoperability between the United States and Japan.
- A partnership with Proof, one of the largest identity fraud platforms, with revenue expected to begin impacting results in the third quarter of 2025.
- The launch of its IDX platform in late July, targeting supply chain identity management and leveraging the ADIA standard.
- Credit Risk: The CFO noted that the sequential increase in net loss was primarily due to an $800,000 impact from the provision for estimated credit loss expense (GAAP).

authID's CEO, Rhon Daguro, expressed optimism about the company's progress and the effectiveness of its sales strategy, stating that the company remains on track to meet its $18 million BAR bookings target for the year.

References:
[1] https://www.fool.com/earnings/call-transcripts/2025/08/19/authid-auid-q2-2025-earnings-call-transcript/