Highlights

  • Second quarter Revenue was USD 490,619 against USD 1,444,599 a year earlier.
  • The net loss was USD 4,756,886, or USD 0.29 per share.
  • Cash was about USD 1.4 million, with a USD 2.3 million Working Capital deficit.
  • It issued USD 4,165,000 of senior secured debentures on April 29, 2026.

authID Inc. (NASDAQ:AUID) shares were trading near their all-time low at USD 0.1856 on November 6, 2026, down 13.31% on the day. The company reported second quarter revenue of USD 490,619 and a net loss of USD 4,756,886, or USD 0.29 per share.

authID provides a cloud-based biometric identity platform that it says delivers identity proofing in 700ms and authentication in 25ms. Its PrivacyKey solution is described as having a 1-to-1-billion false match rate while storing no biometric data.

Revenue and Expenses

Revenue was USD 490,619 against USD 1,444,599 in the second quarter of 2025. For the six months ended June 30, 2026, revenue was USD 970,770 against USD 1,740,855. The filing lists revenue of approximately USD 0.5 million and USD 1.0 million for the quarter and six months.

Total operating expenses were USD 4,549,963 against USD 5,916,053, and USD 9,510,754 for the six months against USD 10,590,608. General and administrative expense decreased by approximately USD 1.4 million for the quarter and USD 1.2 million for the six months.

The loss from operations was USD 4,059,344 against USD 4,471,454. The net loss was USD 4,756,886 against USD 4,384,779, and the six-month net loss was USD 9,220,422 against USD 8,724,246, or USD 0.56 per share against USD 0.72.

Liquidity

The company had approximately USD 1.4 million of cash on hand and a working capital Deficit of approximately USD 2.3 million at June 30, 2026. The filing links the working capital deficit mostly to USD 3.8 million of short-term senior secured debt.

Cash used in Operating Activities was approximately USD 6.7 million for the six months against USD 8.4 million a year earlier. Cash used in investing activities was USD 0.0 million in both periods, covering Patent costs.

April 2026 Debentures

On April 29, 2026, the company completed a private Placement with accredited investors of USD 4,165,000 principal amount of senior secured debt, together with stock purchase warrants. The debentures mature six months from issuance, in October 2026, and do not bear interest.

They are secured by a first-priority security interest in substantially all of the company's assets. Shares issuable on conversion, fee shares and Warrant shares are capped at 19.99% of the outstanding common stock immediately before the April offering.

Balance Sheet

Total Assets were USD 7,320,832 against USD 9,981,930 at December 31, 2025. Total liabilities were USD 5,278,317 against USD 1,358,160, and total stockholders' Equity was USD 2,042,515 against USD 8,623,770. The accumulated deficit was USD 200,961,831.