$9.4M anticipated from authID share sale; Recurring revenue growing fast

Biometric authentication firm authID says its booked annual recurring revenue is on a tear. The company also has agreed to the sale of 1.5 million common shares.

AuthID executives say that they closed $1 million in booked annual recurring revenue in the third quarter, a record for the company. Like most of its peers, the company is trying to claw its way out of distress.

In fact, they said that based on what it's in the pipeline, they have …

authentication authid biometric biometrics biometrics news biometrics stocks digital-identity executives fast record revenue sale share stocks the company third trade notes