The $4.2M bridge financing extends runway but does not eliminate the need for a larger capital raise or a path to cash-flow breakeven. Monitor the next 10-Q for customer go-live conversions from the $40M pipeline and any further equity or debt financing announcements.
Price Chart
Executive Summary
authID reported Q1 2026 revenue of $0.5M (up from $0.3M YoY) and a net loss of $4.5M ($0.28/share), slightly wider than the $4.4M loss a year ago. The company highlighted a $40M enterprise pipeline, $4.2M in post-quarter bridge financing, and ARR growth to $1.9M from $1.2M YoY, but cash burned to $1.2M from $4.6M at year-end, raising going-concern risk.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $0.5M vs $0.3M YoY; net loss $4.5M vs $4.4M YoY
- Cash balance fell to $1.19M from $4.61M at Dec 31, 2025 — a $3.4M quarterly burn
- Secured $4.2M in bridge financing after quarter end to extend runway
- ARR grew to $1.9M from $1.2M YoY; gross bARR was $0.08M vs $0.01M YoY
- RPO of $2.0M, with 71% expected to be recognized over next 12 months
- Operating expenses rose to $5.0M from $4.7M YoY, driven by stock-based compensation
Financial Impact
Cash burn of $3.4M in the quarter, leaving only $1.2M at quarter end; $4.2M bridge financing provides temporary relief but does not solve the structural cash deficit
Risk Factors
- Cash runway remains critically short despite bridge financing; additional dilution likely
- Revenue base is still sub-$1M/quarter with no clear path to profitability
- Customer contract delays and concessions continue to pressure reported revenue and bARR
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-056689 |
| Document: ea0290670-8k_authid.htm | 0001213900-26-056689 |
| Document: 0001213900-26-056689-index-headers.html | 0001213900-26-056689 |
| Document: 0001213900-26-056689-index.html | 0001213900-26-056689 |
| Document: 0001213900-26-056689.txt | 0001213900-26-056689 |
| 8-K Data (Synthetic) | 0001213900-26-056689 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 8-K | $0.3496 | awaiting T+60 | — | $0.3255 (+6.89%) |
Oct 5, 2026 21d ago | Press Release | $0.3872 | awaiting T+60 | — | $0.3255 (+15.93%) |
Sep 2, 2026 7w ago | 8-K | $0.4100 | awaiting T+60 | — | $0.3255 (+20.61%) |
Aug 14, 2026 10w ago | 8-K | $0.4000 | awaiting T+60 | — | $0.3255 (+18.62%) |
Aug 14, 2026 10w ago | Press Release | $0.4000 | awaiting T+60 | — | $0.3255 (+18.62%) |
Jul 6, 2026 16w ago | Press Release | $1.19 $0.3648 | ▼ −69.34% | ▼ −71.25% | $0.3255 (−72.65%) |
May 14, 2026 23w ago | 8-K | $1.17 $0.5710 | ▲ +51.20% | ▲ +55.71% | $0.3255 (+72.18%) |
May 11, 2026 24w ago | 8-K | $1.15 $0.7090 | ▼ −38.35% | ▼ −42.73% | $0.3255 (−71.70%) |
May 6, 2026 24w ago | Press Release | $1.24 $0.7130 | ▼ −42.50% | ▼ −46.33% | $0.3255 (−73.75%) |
May 1, 2026 25w ago | 8-K | $1.31 $0.5938 | ▲ +54.67% | ▲ +56.53% | $0.3255 (+75.15%) |
US Market Status
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