Information
DENVER, March 13, 2025 (GLOBE NEWSWIRE) -- authID® (Nasdaq: AUID) (“authID”), a leading provider of...
Original sourceAI Summary
Total revenue in Q4 2024 rose to $0.20 million from $0.07 million. Operating expenses increased to $4.9 million, leading to a $4.6 million loss. AuthID's booked annual recurring revenue jumped to $7.13 million in Q4. AUID plans aggressive growth with a $20 million quarterly bookings pipeline. CEO highlights the largest deal in company history at $10 million.
Sentiment Rationale
The sharp increase in revenue and significant customer contracts indicate potential for growth. Historical precedents show that strong revenue growth often positively influences stock prices.
Trading Thesis
With a solid bookings pipeline and strategic partnerships, AUID is positioned for future growth, similar to past tech companies that expanded their customer base successfully.
Market-Moving
- Total revenue in Q4 2024 rose to $0.20 million from $0.07 million.
- Operating expenses increased to $4.9 million, leading to a $4.6 million loss.
- AuthID's booked annual recurring revenue jumped to $7.13 million in Q4.
Key Facts
- Total revenue in Q4 2024 rose to $0.20 million from $0.07 million.
- Operating expenses increased to $4.9 million, leading to a $4.6 million loss.
- AuthID's booked annual recurring revenue jumped to $7.13 million in Q4.
- AUID plans aggressive growth with a $20 million quarterly bookings pipeline.
- CEO highlights the largest deal in company history at $10 million.
Companies Mentioned
- AUID (AUID)
- MSFT (MSFT)
- GOOGL (GOOGL)
- IBM (IBM)
Corporate Developments
The reported increase in recurring revenue coupled with successful customer acquisition warrants high relevance, impacting investor confidence and price.