Record Quarterly Revenue
AuthID recorded its highest quarterly revenue in history with $1.4 million, a significant increase from $0.3 million in Q2 2024 and Q1 2025.
Launch of IDX Platform
AuthID launched the IDX platform in late July, aimed at eliminating identity fraud in supply chain workforce by integrating biometric authentication.
Partnership with NEC
AuthID announced a partnership with NEC, a leader in IT and biometric solutions, to demonstrate interoperability of a reusable identity across countries (U.S. and Japan).
Agreement with Prove
AuthID signed an agreement with Prove, one of the largest identity fraud platforms, to enhance capabilities and expects revenue impact starting in Q3 2025.
Fortune Global 500 Customer
AuthID went live with a UK-based Fortune Global 500 customer using the PrivacyKey product, post a successful pilot.
Increase in Annual Recurring Revenue (ARR)
ARR increased significantly to $5.8 million in Q2 2025 compared to $1.1 million in Q2 2024 and $1.2 million in Q1 2025.