Soft revenue for authID belies strong future earnings

AuthID is projecting confidence after a difficult fiscal 2024, with major increases in revenue on the way.

Revenue for the year ending December 31, 2023 was $0.02 million, down from $0.5 million in full-year 2022. Operating expenses decreased by just over 50 percent during the same period, for a net loss of $19.4 million, or $3.19 per share. Net loss for authID was $7.72 per share in the previous year.

The company had over $4 million in remaining performance obligations …

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