Core Insights - authID's PrivacyKey™ has been awarded Best Digital Trust Solution for ID Verification & Authentication at the 2025 PayTech Awards, highlighting its innovation in the fintech industry [1] Product Features - PrivacyKey delivers sub-second, deterministic biometric authentication with a privacy-first approach, ensuring user identity verification while safeguarding sensitive data and meeting global compliance standards [2] - The product combines liveness detection, advanced biometric matching, and a patented architecture to enhance security throughout the digital transaction lifecycle, providing a seamless experience for both consumers and enterprises [2] - PrivacyKey features key-management capabilities that allow enterprises to easily rotate and revoke keys, ensuring that only authorized users have access, thus providing a high level of security [3] Market Position - PrivacyKey has been integrated into technology solutions for major companies such as NEC Networks and System Integration Corporation (NESIC), Prove, and MajorKey, and is available in marketplaces for Zendesk and Nvidia, indicating its strong market presence [4] - The product replaces traditional tokens and facial images used by other vendors, ensuring superior privacy protection and performance [4] Strategic Importance - PrivacyKey is a critical component of authID's IDX platform, which secures distributed workforces and powers the authID Mandate framework for Agentic AI security, ensuring that AI agents are linked to biometrically-verified sponsors [5] - The recognition from the PayTech Awards underscores authID's commitment to advancing digital trust and redefining security measures for enterprises and consumers [6] Company Overview - authID provides a patented biometric identity platform that ensures enterprises can accurately verify user identities, preventing cybercriminal activities [7] - The company boasts a False Positive Rate of 1-in-1-billion, offering a high level of assurance and security in digital identity verification [7]

Core Insights - authID has been selected by an innovative technology organization in the criminal justice sector to provide biometric identity proofing and authentication for distance learning and rehabilitation resources [1][2] - The organization replaced its existing homegrown biometric authentication solution after a comprehensive evaluation, highlighting authID's superior performance in biometric identity assurance [2][3] Company Overview - authID specializes in biometric identity authentication, ensuring secure user verification without the need for personal devices, which is particularly advantageous in correctional facilities [2][3] - The company's PrivacyKey technology enhances security by replacing facial images with unphishable public keys, preventing fraud and allowing for identity deduplication [3][5] Implementation and Benefits - The implementation of authID's solutions is rapid, with a two-week deployment timeline, allowing clients to focus on their core missions [4][5] - authID's managed solution alleviates the burden of maintaining biometric infrastructure, enabling the client to concentrate on product innovation [5] Market Expansion - This agreement marks an expansion of authID's biometric authentication into the distance learning market, broadening its client base [6] Technology and Security Features - authID's technology offers high reliability and uptime, critical for continuous biometric authentication in regulated environments [5] - The PrivacyKey technology ensures compliance and privacy by deleting biometric data after each transaction, thus avoiding the creation of a honeypot of sensitive information [5]

Core Points - authID Inc. has completed a registered direct offering, selling 2,688,747 shares and/or Pre-Funded Warrants at a price of $1.35 per share, resulting in gross proceeds of approximately $3,675,000 before expenses [1][2] Group 1: Offering Details - The offering was led by Mr. Kyle Wool and Mr. Steve Garchik, with Dominari Securities LLC and Madison Global Partners, LLC acting as Co-Placement Agents [2] - The closing of the offering occurred on November 24, 2025 [2] - The shares were offered under a shelf registration statement filed with the SEC, which was declared effective on December 13, 2024 [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used for working capital and general corporate purposes [2] Group 3: Company Overview - authID Inc. specializes in biometric identity verification and authentication solutions, ensuring secure digital identity experiences for enterprises [5] - The company boasts a False Positive Rate of 1-in-1-billion, providing high assurance in identity verification [5] - authID's IDX platform secures the distributed workforce and enhances authorization and accountability for AI agents [5]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Chijet Motor Company, Inc. (CJET) is up 40% at $2.67 - JX Luxventure Group Inc. (JXG) is up 19% at $4.12 - Inspire Medical Systems, Inc. (INSP) is up 15% at $103.50 - Epsium Enterprise Limited (EPSM) is up 15% at $4.14 - Oscar Health, Inc. (OSCR) is up 12% at $15.13 - Green Dot Corporation (GDOT) is up 11% at $13.21 - Butterfly Network, Inc. (BFLY) is up 6% at $2.82 - Cullinan Therapeutics, Inc. (CGEM) is up 5% at $10.00 - Vir Biotechnology, Inc. (VIR) is up 5% at $5.99 - Nvni Group Limited (NVNI) is up 5% at $3.17 [3] Premarket Losers - Clearside Biomedical, Inc. (CLSD) is down 69% at $0.82 - Twin Hospitality Group Inc. (TWNP) is down 20% at $2.84 - Shuttle Pharmaceuticals Holdings, Inc. (SHPH) is down 15% at $1.35 - Mobile-Network Solutions (MNDR) is down 12% at $4.16 - Waldencast plc (WALD) is down 10% at $2.75 - authID Inc. (AUID) is down 9% at $1.21 - EZGO Technologies Ltd. (EZGO) is down 6% at $1.98 - SciSparc Ltd. (SPRC) is down 5% at $2.34 - Twin Vee Powercats Co. (VEEE) is down 5% at $1.70 - Agape ATP Corporation (ATPC) is down 5% at $1.22 [4]

Core Points - authID Inc. has entered into a definitive agreement to sell approximately 2,688,747 shares of its common stock and/or Pre-Funded Warrants at a purchase price of $1.35 per share, with expected gross proceeds of approximately $3,675,000 before expenses [1][2] Group 1: Offering Details - The Registered Direct Offering is expected to close on or about November 24, 2025, subject to customary closing conditions [2] - Dominari Securities LLC and Madison Global Partners, LLC acted as Co-Placement Agents for the offering [2] - The offering is made pursuant to a shelf registration statement filed with the SEC, and a prospectus supplement will be available [3] Group 2: Company Overview - authID provides biometric identity verification and authentication solutions, ensuring enterprises can accurately verify user identities [5] - The company boasts a 1-in-1-billion False Positive Rate, enhancing security and user experience [5] - authID's IDX platform secures a distributed workforce and addresses fraud prevention, deepfake detection, and password risks [5]

Core Insights - authID has joined the NVIDIA Connect Program, marking a significant milestone in its development as a leader in biometric identity authentication and AI security [1][2][3] Company Overview - authID specializes in biometric identity authentication, ensuring enterprises can accurately verify user identities to prevent cybercrime [4] - The company utilizes a patented biometric identity platform with a False Positive Rate of 1 in 1 billion, providing high assurance and speed while preserving user privacy [4] NVIDIA Connect Program Participation - Joining the NVIDIA Connect Program allows authID to access advanced GPU technologies and AI frameworks, enhancing its AI security architecture [3] - The collaboration with NVIDIA aims to support enterprises in deploying AI agents with accountability and transparency, addressing the governance gap in Agentic AI [2][3] Strategic Goals - The partnership with NVIDIA is expected to accelerate the development of GPU-powered biometric and policy engines for real-time monitoring of both human and AI agents [3] - authID's commitment to serving customers within the NVIDIA ecosystem focuses on providing AI Agent security that evolves alongside Agentic AI advancements [4]

Core Insights - authID has introduced the authID Mandate™ Framework, a governance model aimed at enhancing security for Agentic AI systems, particularly focusing on non-human identities like AI agents [1][5] - The framework addresses the vulnerabilities associated with AI agents operating with phishable credentials and lacking accountability, which can lead to significant risks for enterprises [2][3] Company Overview - authID is a leader in biometric identity authentication, providing solutions that ensure enterprises can verify the identity of users behind devices, thereby preventing cybercriminal activities [6][7] - The company emphasizes the importance of a governance framework for AI agents, allowing enterprises to manage and control AI activities effectively [5][6] Mandate Framework Features - The Mandate Framework establishes accountability by ensuring each AI agent is sponsored by a verified human, creating a clear chain of trust [4][5] - It operationalizes the issuance of biometric-rooted, cryptographically verifiable credentials, enhancing security across digital workflows and multi-agent ecosystems [4][6] - The framework includes features such as fine-grained authorization policies, continuous observability of AI agent actions, and the production of tamper-evident logs for compliance and auditing purposes [6][7] Industry Context - The introduction of Agentic AI solutions poses significant concerns for enterprise CEOs, particularly regarding the potential for fraud and misuse without a robust governance framework [5] - Recent incidents of fraud involving AI agents highlight the urgent need for accountability and trust in AI systems, which the Mandate Framework aims to address [5]

Financial Data and Key Metrics Changes - For Q3 2025, gross revenue was $0.6 million, up from $0.2 million in the previous year, while net revenue was negative $0.1 million compared to positive $0.2 million last year due to revenue adjustments [18][19][20] - Operating expenses increased to $5.1 million from $3.8 million year-over-year, primarily due to increased headcount in sales and R&D [23] - Net loss for the quarter was $5.2 million, compared to a net loss of $3.4 million in the same period last year [23] - Remaining performance obligation (RPO) decreased to $3.6 million, down approximately $10.9 million from the prior quarter [24] - Adjusted EBITDA loss was $4.1 million for Q3, compared to a $2.9 million loss for the same period last year [24][25] Business Line Data and Key Metrics Changes - The company signed two large enterprise customers and two smaller customers in Q3, resulting in $200,000 in booked annual recurring revenue (BAR) [6][10] - The gross amount of BAR signed in Q3 2025 was $0.2 million, down from $1.15 million a year ago, attributed to longer sales cycles for enterprise deals [25][26] Market Data and Key Metrics Changes - The company is actively engaged with notable industry leaders across various sectors, representing over $20 million in BAR [10] - The market is increasingly valuing biometric solutions, with a growing demand for identity verification and security solutions [16] Company Strategy and Development Direction - The company aims to build a balanced portfolio of Fast 100 and FAT 100 companies, focusing on larger, established enterprise organizations [4][10] - The strategic focus includes enhancing partnerships and technology innovations, such as PrivacyKey and IDX, to drive enterprise adoption [13][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth despite current challenges, emphasizing the importance of maintaining relationships with strategic customers [21][22] - The company anticipates a recovery in RPO and revenue as it closes deals in its pipeline [24][28] Other Important Information - The company has made significant product breakthroughs to unlock enterprise adoption, particularly for large enterprise accounts [13] - The demand for biometric solutions is expected to grow, with the company positioned as a leader in the market [16] Q&A Session Summary - No specific questions or answers were documented in the provided content, as the session was not detailed in the transcripts [30][31]

Financial Performance - Gross revenue increased from $0.25 million to $0.69 million for the three months ended September 30, 2025 [35] - Net revenue increased from $0.60 million to $1.63 million for the nine months ended September 30, 2025 [35] - Net loss was $5.2 million for the three months ended September 30, 2025 [35] - Total Remaining Performance Obligation (RPO) decreased from $14.3 million to $3.6 million [36] - Booked Annual Recurring Revenue (bARR) was $2.35 million for the nine months ended September 30, 2025 [37] Business Highlights - Q3 contract bookings included a top 10 global supermarket retailer and NEC Networks & System Integration Corp [9] - The company is engaged with prospects ranked in the top 10 leaders in their industries [13] - authID's ID Verification and Privacy-Preserving Biometrics are used for NESIC's Symphonict Trust Platform [16] - authID is powering Prove's Unified fraud platform with PrivacyKey's 1:1Billion signal [16] - authID co-developed and launched IDProof+, a High Assurance Identity Verification solution combining AuthID's Proof with Microsoft Entra Verified ID [16] Strategic Positioning - The company is positioned to capitalize on the market shift to biometrics due to increasing fraud and the rise of AI [29, 32] - authID is innovating to solve for enterprise adoption by integrating privacy-preserving biometrics [17] - The company is focused on securing new customer contracts, establishing contractual commitments, recognizing revenue, and retaining/expanding customer relationships [38]

Financial Performance - Gross revenue for Q3 2025 was $0.6 million, up from $0.2 million in Q3 2024, while net revenue was negative $(0.1) million compared to $0.2 million a year ago[4] - Net loss for Q3 2025 was $5.2 million, or $0.38 per share, compared to a loss of $3.4 million, or $0.31 per share in Q3 2024[9][10] - Adjusted EBITDA loss for Q3 2025 was $4.1 million, compared to a loss of $2.9 million in Q3 2024, driven by increased investments in sales and R&D[11] - Revenues for the three months ended September 30, 2025, were $596,337, compared to $248,920 for the same period in 2024, representing a significant increase[31] - Net loss for the nine months ended September 30, 2025, was $(13,897,567), compared to $(9,683,619) for the same period in 2024, indicating a worsening financial position[35] - The company reported a basic and diluted net loss per share of $(0.38) for the three months ended September 30, 2025, compared to $(0.31) for the same period in 2024[31] Operating Expenses - Operating expenses increased to $5.1 million in Q3 2025 from $3.8 million in Q3 2024, primarily due to increased headcount and investments in sales and R&D[7] - Total operating expenses for the three months ended September 30, 2025, were $5,126,873, up from $3,762,317 in the same period of 2024, reflecting increased costs[31] - Research and development expenses for the three months ended September 30, 2025, were $1,785,387, compared to $1,615,970 in the same period of 2024, indicating ongoing investment in innovation[31] Revenue Metrics - Booked Annual Recurring Revenue (bARR) for Q3 2025 was $0.2 million, down from $1.2 million a year ago, with a net bARR of negative $6.8 million[13][14] - Annual Recurring Revenue (ARR) as of September 30, 2025, was $1.7 million, compared to $1.0 million as of Q3 2024[14] - Remaining Performance Obligation (RPO) as of September 30, 2025, was $3.6 million, down from $3.8 million a year ago[12] Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were $4,899,658, down from $8,471,561 at the beginning of the period, showing a decrease in liquidity[35] - The company generated net cash flows from financing activities of $8,219,327 for the nine months ended September 30, 2025, compared to $10,041,399 for the same period in 2024, indicating reliance on external financing[35] Assets and Liabilities - Total assets decreased from $14,471,377 as of December 31, 2024, to $10,729,416 as of September 30, 2025, reflecting a decline in overall company value[33] - The company had total current liabilities of $1,816,010 as of September 30, 2025, down from $2,956,188 at the end of 2024, indicating improved short-term financial health[33] - Stockholders' equity decreased from $11,515,189 as of December 31, 2024, to $8,913,406 as of September 30, 2025, showing a reduction in net worth[33] Market Developments - Signed a full production agreement with a top 20 global retailer for identity verification solutions, indicating strong market validation[8] - Launched Identity Exchange (IDX) in collaboration with NESIC, enhancing enterprise scalability and identity assurance, significantly expanding the total addressable market[8] - Entered into multiple agreements to integrate authID's technologies into various platforms, including a digital infrastructure platform for financial institutions and MajorKey Technologies for Microsoft customers[8]