Ipsidy Inc. ( (AUID) ) has released its Q1 earnings. Here is a breakdown of the information Ipsidy Inc. presented to its investors.
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authID Inc., a company specializing in biometric identity verification and authentication solutions, is focused on enhancing digital security through its innovative platform. In its latest earnings report for the quarter ending March 31, 2025, authID Inc. highlighted a net loss of approximately $4.3 million, despite a revenue increase to $296,256 from $157,378 in the same period last year. The company continues to face challenges with an accumulated deficit of $178.1 million, while operating expenses rose due to increased investment in research and development. authID Inc. remains committed to expanding its market presence and improving financial performance by raising additional capital and acquiring new clients, although there is substantial doubt about its ability to continue as a going concern without further financial support.