authID Reports Financial and Operating Results for the Third Quarter 2026
Key Highlights
- ➤Q3 net revenue $0.3 million versus negative ($0.1) million year over year
- ➤Operating expenses $3.4 million, down 33% year over year
- ➤Net loss $4.1 million, or $0.24 per share, versus $5.2 million
- ➤Q3 adjusted EBITDA loss $2.1 million versus $4.1 million year over year
- ➤$2 million EinStrong licensing agreement includes $1 million already paid
Expert Statements
Thomas Szoke, Chief Executive Officer of authID
“This quarter we focused on putting our capital to work more efficiently and bringing in revenue and cash faster.”
Thomas Szoke, Chief Executive Officer of authID
“We reduced operating expenses significantly while using AI to maintain our output and make our team more productive.”
Thomas Szoke, Chief Executive Officer of authID
“We are also launching new standalone services that are billed monthly on usage, giving us a faster path to revenue.”
Thomas Szoke, Chief Executive Officer of authID
“These efforts are already showing results.”
Thomas Szoke, Chief Executive Officer of authID
“In October alone, we collected $1.0 million in cash from customers, and we have visibility into additional collections this quarter that will strengthen our balance sheet.”
Thomas Szoke, Chief Executive Officer of authID
“Each step moves us closer to breakeven and builds the value of the Company.”
DENVER, Nov. 12, 2026 (GLOBE NEWSWIRE) -- authID® (link)(Nasdaq: AUID) (“authID” or the “Company”), a leading provider of biometric identity verification and authentication solutions, today reported financial and operating results for the quarter ended September 30, 2026.
"This quarter we focused on putting our capital to work more efficiently and bringing in revenue and cash faster," said Thomas Szoke, Chief Executive Officer of authID. "We reduced operating expenses significantly while using AI to maintain our output and make our team more productive. We are also launching new standalone services that are billed monthly on usage, giving us a faster path to revenue. These efforts are already showing results. In October alone, we collected $1.0 million in cash from customers, and we have visibility into additional collections this quarter that will strengthen our balance sheet. Each step moves us closer to breakeven and builds the value of the Company."
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