Latest news with #authID
Globe and Mail
15 hours ago
- Business
- Globe and Mail
authID Revenue Jumps 367% in Q2
Key Points Record quarterly revenue grew approximately 415.3% year over year in Q2 2025, reaching $1.4 million for the quarter on significant customer momentum. Operating expenses increased approximately 63.9% year over year and a net loss of $4.4 million. Annual recurring revenue metrics and pipeline advanced. These 10 stocks could mint the next wave of millionaires › authID (NASDAQ:AUID), the identity technology firm specializing in privacy-focused biometric authentication, reported its second quarter 2025 results on Aug. 14, 2025. The most significant news in the release was a sharp jump in GAAP revenue to $1.4 million, reflecting substantial customer and booking momentum, even as Operating expenses and net losses continued to climb. There were no analyst estimates with which to compare results. Management highlighted record growth across several metrics, but persistent losses and new credit provisions underlined continued financial challenges. authID's business model and strategic focus authID provides identity authentication solutions, including its biometric platform called PrivacyKey. The platform transforms biometric data -- like facial images -- into cryptographic keys, which allows for quick and highly secure identity verification. Crucially, no actual biometric data is stored, aiding regulatory compliance and privacy. The company's business targets regulated sectors and high-risk transactions that require a high level of authentication assurance. Recent company focus areas include driving technological innovation, broadening its partnership network, and expanding recurring revenue. Key success factors are product leadership, strategic alliances, and effectiveness in converting pilots or trials into long-term contracts. Quarterly review: Revenue growth, metrics, and execution The period saw authID post record GAAP revenue, marking a notable year-over-year increase in GAAP revenue. AuthID also secured a live production trial with a Fortune Global 500 company in the UK, an agreement anticipated to transition into a full contract if successful. The company's annual recurring revenue (ARR, non-GAAP) reached $5.8 million, up from $1.1 million of ARR (non-GAAP) as of Q2 2024 and $1.2 million of ARR (non-GAAP) as of Q1 2025. Gross booked annual recurring revenue (bARR, non-GAAP) jumped to $2.2 million from $0.63 million in Q2 2024. Net bARR (non-GAAP), which subtracts the value from contracts delayed or lost, grew to $1.9 million. The company's remaining performance obligation (RPO), which shows the contracted but not yet recognized revenue, was $13.8 million.—more than triple the figure from Q2 2024. On the technology side, authID launched IDX, a new biometric authentication product developed in partnership with NEC, a provider of biometric hardware. Management claims this product enables ultra-fast and accurate authentication for regulated industries, while maintaining customer privacy. The period also featured enhancements to the PrivacyKey product, now capable of one-to-many search -- meaning it can identify a person out of a large group quickly -- without the need to store any biometric data. Strategic partnerships played a role in the quarter's results. Alongside NEC, management highlighted a new agreement with Prove, which operates a large-scale identity fraud platform. These partnerships are intended to enable faster market entry and broaden the user base, particularly by embedding authID's solutions into third-party ecosystems. In addition, the company expanded its board with new members and advisors, aiming to support ongoing growth and value creation for stakeholders. Operating expenses increased approximately 63.9% year-over-year, totaling $5.9 million, primarily reflecting investments in hiring, sales, and research and development. The company cited a $0.8 million provision for estimated credit losses, which reflects new assessments around credit risk for certain customer contracts. These expense increases, along with persistent net losses, highlight the pressure of scaling operations ahead of realized revenue. Notably, net loss (GAAP) widened to $4.4 million, compared to $3.3 million for Q2 2024. Net cash flows from operations (GAAP) showed an outflow of $8.4 million for the first half of 2025, with $8.3 million in cash on hand at the end of the quarter. Share count increased, reaching 13.2 million on a diluted basis versus 9.5 million a year ago. There were also challenges during the period. AuthID had to book new credit loss provisions, signaling some delays or potential issues with collecting revenue on certain customer contracts. Some signed deals faced slowdowns moving from contract to full go-live, impacting recognized bARR (non-GAAP) and creating challenges on the path toward more predictable recurring revenue. Throughout the quarter, the company continued to emphasize its privacy-by-design approach. Compliance with privacy and biometric regulations is a key selling point, especially for large enterprises and public sector clients. There were no new regulatory hurdles cited for the period, but the continued assertion that the platform stores no biometric data is a core strategic differentiator. Looking ahead: Outlook and potential risks Management did not provide specific forward-looking financial guidance for revenue, margin, or profit for upcoming quarters or the full year. In public commentary earlier in the year, management referenced a bookings target of $18 million in gross bARR (a non-GAAP measure) for fiscal 2025. With half-year bARR (non-GAAP) totaling $2.2 million for the first six months of 2025, achieving this full-year goal would require a significant acceleration in booking large contracts and ramping deployments in the next two quarters. For investors and stakeholders, areas to observe in coming quarters include the pace of contract conversions, expense management, success of partnership-driven sales, and resolution of credit risk exposures. Given the persistent high operating costs and net losses, the company's ability to demonstrate path to sustained profitability and positive cash flow remains a critical watchpoint. AUID does not currently pay a dividend. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. 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Yahoo
04-06-2025
- Business
- Yahoo
Dominari Holdings Issues Letter to Shareholders
NEW YORK, June 4, 2025 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) today issued the following letter to shareholders: Dear Shareholders, I am very proud of what Dominari Securities, our wholly owned subsidiary, accomplished in less than three (3) years and wish to take this opportunity to discuss those accomplishments with you. What began as a vision has grown into a dynamic and respected investment bank with a differentiated market position. Over the past year, we have raised approximately $287.5 million in capital and executed over 35 transactions, across various sectors, geographies, and deal sizes. In total, we have led more than 19 private placements and IPOs in the U.S. markets, helping micro- and small-cap U.S.-based companies bring their growth strategies to life. This proven track record highlights our ability to identify high-quality opportunities, strong deal execution and importantly, the trust we have earned from clients, investors, and partners. Select Transaction Highlights Highlights of some of our recent work include: Unusual Machines, Inc. Unusual Machines (NYSE American: UMAC) ( is an American company that primarily serves the American drone industry by building and selling drone components. The use of drones is expanding and Dominari is honored to have assisted this great company by completing a private placement for them in October of 2024. Since October, Dominari Securities has had the privilege of working closely with Unusual Machines throughout its capital markets journey—including its successful IPO, a follow-on PIPE transaction, and most recently, the completion of a $40 million capital raise. This long-standing partnership reflects our shared vision for UMAC's growth and our commitment to supporting innovative American companies. authID According to the U.S. State Department, in 2020 alone, the FBI estimated more than $4 billion was lost to cybercrime in the United States. ( One American company is working hard to prevent this rise in cybercrime and Dominari is proud to support its mission. authID Inc. (NASDAQ: AUID), based here in the U.S., is a leading provider of biometric identity verification and authentication solutions. authID quickly and accurately verifies a user's identity to protect accounts and other digital assets. Dominari continues to support authID in its capital-raising efforts, most recently serving as Co-Placement Agent for the company's $8.15 million registered direct offering. This follows a previously completed $2.1 million offering and reflects Dominari's ongoing commitment to authID's mission. Dominari's management personally participated in both transactions. American Bitcoin In addition, our partnership with American Data Centers marked a pivotal step in our strategy to support infrastructure-driven innovation in emerging sectors. American Data Centers started as a wholly owned subsidiary of Dominari Holdings. We then expanded its shareholder base through our relationships with our Advisory Board, which then resulted in a merger with Hut 8. This evolution led to the formation of American Bitcoin, a natural extension of its capabilities into the rapidly growing digital mining and treasury sector. Recognizing the strategic opportunity in blockchain infrastructure, we played a key role in advising and supporting the company, which ultimately culminated in its announced IPO through a merger with Gryphon Digital Mining. The transaction positions the combined entity to become a leading player in the sustainable bitcoin mining space with a potential billion-dollar valuation for American Bitcoin if the proposed merger with Gryphon is approved. The transaction exemplifies our ability to identify and guide high-potential companies through transformational growth, from early-stage capital formation to public market readiness. Deal Snapshot Overall, deal flow has accelerated at a meaningful pace and graduated to a higher level of larger deals that help grow American companies. We continue to attract mandates from innovative, high-growth companies, often through referrals, which speaks directly to the credibility we have earned, the quality of our work and the potential for continued growth. Below is a snapshot of the private companies we have raised money to invest in, as of May 30, 2025: Private Transactions SpaceX $ 28,260,357.59 ABTC $ 4,850,000.00 Large US Drone Co. $ 15,041,535.32 C2 Capital Group $ 2,545,690.06 Aquyre $ 11,935,841.77 CentBanx Holdings, Inc. $ 2,500,000.00 DOGE $ 11,544,766.12 Groq $ 2,395,660.00 Cerebras Systems Inc $ 10,678,075.71 Evtec Aluminium $ 2,088,000.00 Diasome $ 8,362,143.00 AdvEn Inc $ 1,570,000.00 Zipline $ 7,098,007.00 Databricks $ 1,079,970.00 SIM $ 7,015,238.00 Cordio $ 879,993.00 xAI $ 6,895,505.49 Grand Total $ 124,740,783.06 Dominari has gained a lot of media attention lately with regards to the companies we have raised money for, both positive and, in my opinion, unjustifiably negative. I will leave it up to you to decide the caliber of these companies, but I consider the above an impressive list. In addition, some in the media have unfairly characterized some of our recent initial public offerings to imply a lesser quality of client. We unequivocally reject these assertions. We will continue to underwrite and participate in initial public offerings and secondary offerings with high quality micro- and small-cap issuers which have been, and will be, thoroughly reviewed and approved by both FINRA and the SEC. The numbers speak volumes to the quality of our issuers and our completed transactions. Of the list below, we have recognized an average return of approximately 344% from pricing to the IPO's 52 week high. Our investors, while fundamental in nature, have and will continue to benefit from the performance of our transactions, the potential for dynamic liquidity and returns in our deals. Issuer Deal Size Unusual Machines, Inc. $5,000,000 Wellchange Holdings Co. Ltd. $8,000,000 PTL Ltd. $5,000,000 Jupiter Neurosciences, Inc. $11,000,000 Leishen Energy Holding Co., Ltd. $5,500,000 Diginex Ltd. $9,225,000 Skyline Builders Group Holding Ltd. $6,000,000 Aureus Greenway Holdings Ltd. $15,000,000 WF Holding Ltd. $8,000,000 Top Win International Ltd. $10,656,000 MasterBeef Group $8,000,000 Everbright Digital Holding Ltd. $6,000,000 Grand Total $ 97,381,000.00 The quote 'Whenever something good is trying to happen, something bad is trying to stop it' is a statement about the pervasive nature of conflict and opposition. It suggests that progress and positive outcomes are often met with resistance, and it generally seems applicable considering some recent articles about Dominari. On January 2, 2025, the Company stock closed at $1.09. On May 15, 2025, our stock closed at $5.61. What happened in those four and half months? A lot. And while the Press Releases, the 10K and 10Q cover all the events since January, the simple answer is 'hard work,' outstanding employees, and our Board of Advisors. The Company's Board of Advisors works very hard to create shareholder value and the proof of that work is a significant increase in the Company's stock price and total Company revenue. Moreover, as of the release of this letter, no Board of Advisory member has sold a single share of stock. I am very proud of our Company, our employees, our Board of Directors, our Board of Advisors and all that we have accomplished. At Dominari, we have cultivated a brand synonymous with visionary thinking, executional excellence, transparency, and reliability. Importantly, we are excited about the road ahead. Thank you for your continued support. Kind regards, Anthony C. HayesCEO of Dominari Holdings, Inc. Contacts: Dominari Holdings Investor RelationsHayden IRBrett Maas, Managing PartnerPhone: (646) 536-7331Email: brett@ View original content to download multimedia: SOURCE Dominari Holdings Inc. Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
AuthID Inc (AUID) Q1 2025 Earnings Call Highlights: Revenue Growth Amid Rising Expenses and ...
Total Revenue: $0.3 million for Q1 2025, up from $0.16 million a year ago. Operating Expenses: $4.7 million for Q1 2025, compared to $3.3 million a year ago and $4.9 million last quarter. Net Loss: $4.3 million for Q1 2025, compared to $3.1 million a year ago and $4.6 million last quarter. Net Loss Per Share: $0.40 for Q1 2025, compared to $0.32 a year ago and $0.49 last quarter. Remaining Performance Obligation (RPO): $13.85 million as of March 31, 2025, compared to $4.03 million a year ago. Adjusted EBITDA Loss: $3.9 million for Q1 2025, compared to $2.4 million a year ago and $4.1 million last quarter. Annual Recurring Revenue (ARR): $1.2 million as of Q1 2025, compared to $0.6 million a year ago and $0.8 million last quarter. Booked Annual Recurring Revenue (bARR): $0.01 million for Q1 2025, down from $0.10 million a year ago. Warning! GuruFocus has detected 4 Warning Signs with AUID. Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. AuthID Inc (NASDAQ:AUID) is in contract negotiations with a large global Fortune 500 prospect for its identity verification and biometric solution. The company signed a paid live production trial agreement with a global Fortune 100 retailer, aiming for a long-term contract by year-end. AuthID Inc (NASDAQ:AUID) has been confirmed as the selected vendor by one of the largest identity fraud platforms and is in final contract negotiations. The company completed two capital raises, securing nearly $9 million, which improved its balance sheet and broadened its investor base. AuthID Inc (NASDAQ:AUID) earned the Best ID Management Platform award in the 2025 FinTech Breakthrough Awards, highlighting its innovative solutions. AuthID Inc (NASDAQ:AUID) reported a net loss of $4.3 million for Q1 2025, an increase from the $3.1 million loss in the same period last year. Operating expenses increased to $4.7 million in Q1 2025 from $3.3 million a year ago, primarily due to increased headcount investments. The company's Booked Annual Recurring Revenue (bARR) for Q1 2025 was only $0.01 million, down from $0.10 million a year ago. AuthID Inc (NASDAQ:AUID) experienced delays in the sales process for certain deals, impacting its Q1 bookings. The company's revenue of $0.3 million for Q1 2025, while an increase from the previous year, remains modest compared to its expenses. Q: Can you talk about when you're going to start seeing leverage from the partnerships you highlighted? A: Rhoniel Daguro, CEO: We're already benefiting from those partnerships. The bookings will come as we invest in the channel and enable partners to bring authID to their customers. Our existing partnerships have brought us into sectors like Indian banking and large employment agencies, and we have upcoming partnerships with major fraud platforms and biometric hardware providers. Q: Why are expenses so high compared to revenue? A: Edward Sellitto, CFO: Our current expense rate is driven by investments in headcount for sales and R&D to support growth and onboarding of large clients. We expect revenue growth to start outpacing expense growth as we onboard new customers and execute our strategy. Q: How many Fortune 500 clients do you need to sign to meet the $18 million bookings target? A: Rhoniel Daguro, CEO: We probably need four or five large deals, as these deals are typically $1 million and above. We have opportunities that could potentially cover the entire target, thanks to our partnerships. Q: Is there a demand pull for biometrics in the market? A: Rhoniel Daguro, CEO: Yes, there's a rising demand for biometrics, evidenced by our growing pipeline. Our technology, which uses public and private key pairs for biometrics without storing them, has gained significant attention and is easy for companies to adopt. Q: Do you have a potential deal big enough to cover the entire $18 million target? A: Rhoniel Daguro, CEO: Yes, we have one potential deal that could cover the entire target, thanks to our partnerships with established platforms that have a large customer base. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
06-05-2025
- Business
- Yahoo
authID Announces Pricing of Approximately $2,100,000 Million Registered Direct Offering
authID Inc. DENVER, May 06, 2025 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ: AUID) ('authID' or the 'Company'), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell approximately 373,060 shares of its common stock (the 'Shares'), pursuant to a registered direct offering (the 'Registered Direct Offering'). The purchase price for one Share will be $5.60. The aggregate gross proceeds from the Offering are expected to be approximately $2,100,000 million before deducting placement agent fees and other offering expenses. The closing of the Registered Direct Offering is expected to occur on or about May 7, 2025, subject to the satisfaction of customary closing conditions. Dominari Securities LLC and Madison Global Partners, LLC, acted as Co-Placement Agents for the offering. authID intends to use the net proceeds for working capital and general corporate purposes. The Shares offered in the Registered Direct Offering are being offered by the Company pursuant to a shelf registration statement (Registration No. 333-283580) filed with the Securities and Exchange Commission (the 'SEC') and declared effective by the SEC on December 13, 2024. The offering is being made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement and accompanying prospectus relating to the Registered Direct Offering will be filed with the SEC and, when available, may be obtained for free on the SEC's website located at Electronic copies of the final prospectus supplement and accompanying prospectus relating to the Registered Direct offering may be obtained by contacting Madison Global Partners, LLC, Attention: David S. Kaplan, 350 Motor Parkway, Suite 205, Hauppauge, NY 11788, by email at info@ or by telephone at (646) 690-0330. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About authID Inc. authID (Nasdaq: AUID) ensures enterprises 'Know Who's Behind the Device™' for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform. authID powers biometric identity proofing in 700ms, biometric authentication in 25ms, and account recovery with a fast, accurate, user-friendly experience. With our ground-breaking PrivacyKey Solution, authID provides a 1-to-1-billion false match rate, while storing no biometric data. authID stops fraud at onboarding, blocks deepfakes, prevents account takeover, and eliminates password risks and costs, through the fastest, most frictionless, and most accurate user identity experience demanded by today's digital ecosystem.
Yahoo
03-04-2025
- Business
- Yahoo
Dominari Holdings Highlights Supporting American Companies
NEW YORK CITY, NY / / April 3, 2025 / Dominari Holdings Inc. (NASDAQ:DOMH) today discussed some recent accomplishments and optimism about the future. authIDAccording to the U.S. State Department, in 2020 alone, the FBI estimated more than $4 billion was lost to cybercrime in the United States. ( One American company is working hard to prevent this rise in cybercrime and Dominari is proud to support their mission. authID Inc. (NASDAQ:AUID), based here in the U.S., is a leading provider of biometric identity verification and authentication solutions. authID quickly and accurately verifies a user's identity, to protect accounts and other digital assets. Dominari supports their mission and believes authID provides much needed services to their clients, which is why Dominari is proud to act as Co-Placement Agents for their recent offering. The recent offering raised just over $8 million before expenses. Dominari's management personally participated in the offering. American BitcoinThe launch of American Bitcoin ( on March 31, 2025, has garnered notable attention and Dominari is proud of its involvement. As previously released by Dominari, and covered by the Wall Street Journal ( American Bitcoin is a majority-owned subsidiary of Hut 8 focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. Dominari originally formed American Data Centers, which became American Bitcoin after the transaction with Hut 8. Dominari maintains a minority interest in American Bitcoin and is proud to support another American company. Eric Trump is the Co-Founder and Chief Strategy Officer of American Bitcoin, as well as an Advisory Board member of Dominari. Unusual Machines, Machines (NYSE American:UMAC) ( is an American company that primarily serves the American drone industry by building and selling drone components. The use of drones is expanding and Dominari is honored to have assisted this great company by completing a private placement for them in October of 2024. Since October, Unusual Machines has achieved some notable advancements. Unusual Machines revenue for the fourth quarter was over $2.0 million which represents a sequentially quarter over quarter increase of approximately 31%. This was one of UMAC's best revenue quarters of all time and was done while improving gross margins slightly to 28%. UMAC's total revenue of $5.65M for FY2024 exceeded their target of $5M for 2024 by 13%. Kyle Wool, President of Dominari Holdings stated, "Dominari is focused on helping to build great American companies. We seek to bring together the expertise of our investment bank to structure accretive transactions for clients, with the strong relationships we have developed over time. We then add the accretive value of our Board of Advisors, to help build great companies, while creating value for our shareholders. In 2024, we generated a 900% year over year increase in total revenue and 2025 is off to an excellent start, building on last years growth. We fully intend to continue to create shareholder value both supporting and incubating these unique and compelling opportunities in the ever-evolving American technology sector and share the fruits of our efforts with our shareholders in the form of dividends. We appreciate all of our shareholders and are excited about our future." For additional information about Dominari Holdings Inc., please visit: About Dominari Holdings Company is a holding company that, through its various subsidiaries, is currently engaged in wealth management, investment banking, sales and trading and asset management. In addition to capital investment, Dominari provides management support to the executive teams of its subsidiaries, helping them to operate efficiently and reduce cost under a streamlined infrastructure. In addition to organic growth, the Company seeks opportunities outside of its current business to enhance stockholder value, including in the AI and Data Center sectors. Dominari Securities LLC's Mission Statement:Dominari Securities LLC, a principal subsidiary of Dominari Holdings Inc., is a dynamic, forward-thinking financial services company that seeks to create wealth for all stakeholders by capitalizing on emerging trends in the financial services sector and identifying early-stage future opportunities that are expected to generate a high rate of return for investors. Securities Brokerage and Registered Investment Adviser Services are offered through Dominari Securities LLC, a Member of FINRA, MSRB and SIPC. Securities brokerage, investment adviser and other non-bank deposit investments are not FDIC insured and may lose some or all of the principal invested. You can check the background of Dominari Securities and its registered investment professionals and review its SEC Form CRS on FINRA's BrokerCheck site at Information for Dominari Securities LLC and its registered investment professionals as well as its SEC Form CRS may also be found on FINRA's BrokerCheck site. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, which include but are not limited to the Risk Factors set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 relating to its business. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. Contacts:Dominari Holdings Investor RelationsHayden IRBrett Maas, Managing PartnerPhone: (646) 536-7331Email: brett@ SOURCE: Dominari Holdings Inc. 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