AUID Earnings Prediction
The chart below shows how AUID performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AUID sees a +1.07% change in stock price 10 days leading up to the earnings, and a +4.13% change 10 days following the report. On the earnings day itself, the stock moves by -2.34%. This data can give you a slight idea of what to expect for the next quarter's release.
AUID Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
248.92K
473.69%
-11.24%
Gross Margin
--
--
--
Operating Margin
-1411.46%
-83.59%
19.05%
Net Margin
-1351.76%
-84.22%
16.24%
EPS
-0.31
-34.04%
-8.82%
No Data Available
AUID Earnings Analysis
authID Inc. Common Stock Corporation (AUID.O) Earnings Conference Call
Positive
Quarterly Growth Progress: authID had a highly productive quarter, and I'm pleased with our progress and our overall path of growth.
Accelerating Revenue Growth: We are focused on accelerating and diversifying revenue growth.
New Chief Product Officer: We are excited to welcome Erick Soto as our new Chief Product Officer, bringing over 15 years of experience in identity verification and financial services.
Biometric Authentication Agreement: We signed a $10 million agreement with an next-generation AI company to enable biometric authentication for a wider range of industries in India.
Proof Product Usage Growth: We are seeing growth in the usage of our Proof and Verified products, with the average number of Proofs processed per quarter increasing approximately 25x to an average of 440,000 Proofs.
Negative
Quarterly Revenue Decline: Total revenue for the quarter was $249,000 compared to $430,000 a year ago, indicating a significant decline.
Revenue Decline Analysis: For the nine-month period, total revenue was $687,000 compared with $1,180,000 a year ago, showing a substantial drop.
Operating Expenses Stability: Operating expenses for Q3 were $3.8 million, flat compared to the prior year, indicating no improvement despite revenue decline.
Quarterly Net Loss Comparison: Net loss from continuing operations for the quarter was $3.4 million, compared to a net loss of $3.7 million a year ago, showing persistent losses.
EBITDA Loss Comparison: Adjusted EBITDA loss was $2.9 million for Q3 compared with a $2.1 million loss for the same period last year, indicating worsening financial performance.
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AUID Earning Call Sentiment
authID Inc. (AUID) Q3 2024 Earnings Call Transcript
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00:00
00:00
AUID.O
3.27%Positive
The earnings call reveals several concerns: reduced revenue guidance, ongoing regulatory issues, competitive pressures, and operational challenges. Despite revenue growth, the flat guidance and delays in customer Go-Lives dampen optimism. The Q&A section highlights management's vague responses and the impact of delayed revenue recognition. The absence of shareholder return initiatives further contributes to a negative sentiment. Although there are positive aspects like technological advancements and potential market expansion, the overall sentiment is negative due to financial and operational uncertainties.