AuthID Inc Q2 2025 Earnings: Revenue Surges to $1.4M, EPS at -$0.33 Amid Rising Expenses and Net Losses

AuthID Inc reported Q2 2025 earnings with revenue surging to $1.4 million, a significant increase from $0.3 million in Q2 2024. Despite this, the company faced rising operating expenses, reaching $5.9 million, and a net loss of $4.5 million. The gross Booked Annual Recurring Revenue (bARR) rose to $2.2 million, up from $0.6 million a year ago. The launch of IDX, in collaboration with NEC, is expected to expand the company's market reach.

AuthID Inc (Nasdaq: AUID) reported its financial results for the second quarter of 2025, highlighting significant growth in revenue and market expansion efforts. The company's total revenue for the quarter surged to a record $1.4 million, marking a substantial increase from $0.3 million in the same period last year [1].

Despite the revenue surge, AuthID faced rising operating expenses, which reached $5.9 million, up from $3.6 million a year ago. The company also reported a net loss of $4.5 million for the quarter, or $0.33 per share, compared to a loss of $3.3 million, or $0.34 per share a year ago [1].

The company's gross Booked Annual Recurring Revenue (bARR) rose to $2.2 million, up from $0.6 million a year ago. This increase reflects the company's continued investment in sales and research and development (R&D), as well as the launch of IDX, a major step forward in delivering value to customers and expanding the company's total addressable market [1].

AuthID launched IDX in collaboration with NEC, the largest global biometric hardware provider. This partnership is expected to significantly expand the company's market reach in the identity management industry [1]. Additionally, the company signed a paid live production trial agreement with a Fortune Global 500 company in the UK, which is expected to lead to a longer-term agreement upon completion [1].

The company's adjusted EBITDA loss increased to $3.4 million for the quarter, compared to a loss of $2.5 million a year ago. This increase is primarily driven by the company's investment in headcount and R&D, as well as provisions for estimated credit loss expense [1].

AuthID's stock performance was not directly addressed in the earnings report. However, the company's strong quarterly results reflect the dedication of its team and the progress made in strengthening its technology and expanding its market reach. The company is positioned for continued momentum, driven by ongoing product enhancements and a robust sales pipeline [1].

References:
[1] https://investors.authid.ai/news-releases/news-release-details/authid-reports-financial-and-operating-results-second-quarter-1