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Ipsidy (AUID)
NASDAQ:AUID
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Ipsidy
(NASDAQ:AUID)
48Neutral
Ipsidy (AUID) vs. S&P 500 (SPY)
Market Cap
$70.77M
Dividend YieldN/A
Average Volume (3M)87.69K
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue Growth365.86%
EPS Growth92.57%
CountryUS
Employees46
SectorTechnology
Sector Strength44
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-1.46
Shares Outstanding10,920,909
10 Day Avg. Volume166,653
30 Day Avg. Volume87,687
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)91.54
Price to Cash Flow (P/CF)-6.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Ipsidy Business Overview & Revenue Model
Company DescriptionIpsidy Inc. (AUID) is a technology company that specializes in identity verification and authentication solutions. It operates in the digital identity sector, offering a range of services designed to verify and authenticate the identity of individuals and transactions. The company provides its solutions to businesses and governments across various industries, including finance, healthcare, and transportation, to enhance security and streamline processes.
How the Company Makes MoneyIpsidy makes money through the sale and licensing of its identity verification and authentication solutions. The company generates revenue from subscription fees, software licensing, and service fees for the use of its platform. Ipsidy's offerings are often delivered as cloud-based services, enabling clients to integrate its technology into their operations seamlessly. Additionally, the company may enter into partnerships with other technology firms and service providers to expand its reach and enhance its product offerings. Ipsidy leverages its proprietary technology and expertise in biometrics to deliver secure and reliable identity solutions, which are critical in preventing fraud and ensuring compliance with regulatory requirements.
Ipsidy Financial Statement Overview
Summary
Ipsidy faces significant financial challenges with negative profitability and cash flow metrics. Despite improvements in the debt-to-equity ratio, persistent losses and negative cash flow from operations indicate operational inefficiencies and financial instability.Income Statement
Ipsidy has experienced significant revenue volatility, with a decline from 2020 to 2023, followed by a slight increase in 2024. The EBIT and EBITDA margins are negative, indicating operational inefficiencies. Net profit margins are also negative, reflecting persistent losses.25
Negative
Balance Sheet
The company's debt-to-equity ratio has improved as debt levels decreased over time. However, low equity and consistent losses pose a risk to financial stability. The equity ratio is moderate, but the company still faces challenges in maintaining a solid capital structure.40
Negative
Cash Flow
Cash flow from operations remains negative, indicating challenges in generating cash. Free cash flow growth is inconsistent, and the free cash flow to net income ratio is unfavorable, showing inefficiencies in converting sales into cash.30
Negative
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 758.64K | 886.49K | 190.29K | 527.41K | 2.29M | 2.14M | Gross Profit |
| 627.82K | 886.49K | 190.29K | -137.85K | 1.63M | 1.48M | EBIT |
| -13.27M | -14.68M | -10.75M | -22.27M | -17.22M | -7.68M | EBITDA |
| -12.68M | -14.51M | -18.25M | -21.56M | -14.96M | -9.04M | Net Income Common Stockholders |
| -12.90M | -14.28M | -19.40M | -23.68M | -17.67M | -11.30M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 10.18M | 8.47M | 10.18M | 3.24M | 6.04M | 3.84M | Total Assets |
| 15.41M | 14.47M | 15.41M | 9.37M | 13.83M | 13.87M | Total Debt |
| 224.42K | 240.88K | 224.42K | 7.84M | 743.95K | 6.46M | Net Debt |
| -9.95M | -8.23M | -9.95M | 4.60M | -5.29M | 2.70M | Total Liabilities |
| 2.21M | 2.96M | 2.21M | 9.09M | 2.93M | 9.29M | Stockholders Equity |
| 13.20M | 11.52M | 13.20M | 283.54K | 10.90M | 4.58M |
| Cash Flow | Free Cash Flow | ||||
| -10.63M | -11.62M | -8.39M | -12.81M | -8.88M | -4.97M | Operating Cash Flow |
| -10.63M | -11.62M | -8.37M | -12.79M | -8.76M | -4.67M | Investing Cash Flow |
| -17.58K | -65.79K | 75.15K | -182.27K | -116.74K | -299.44K | Financing Cash Flow |
| 18.56M | 9.99M | 15.38M | 10.23M | 11.09M | 8.18M |
Ipsidy Technical Analysis
Positive
6.48
Price Trends
5.93
Positive
6.16
Positive
7.24
Negative
Market Momentum
0.23
Negative
57.52
Neutral
51.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AUID, the sentiment is Positive. The current price of 6.48 is above the 20-day moving average (MA) of 5.44, above the 50-day MA of 5.93, and below the 200-day MA of 7.24, indicating a neutral trend. The MACD of 0.23 indicates Negative momentum. The RSI at 57.52 is Neutral, neither overbought nor oversold. The STOCH value of 51.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AUID.
Ipsidy Risk Analysis
Ipsidy disclosed 31 risk factors in its most recent earnings report. Ipsidy reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ipsidy Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $18.75B | 1,842.83 | 0.46% | ― | 15.33% | ― | |
58 Neutral | $21.03B | 10.58 | -16.29% | 2.47% | 4.38% | -23.63% | |
57 Neutral | $1.01B | ― | -5.52% | ― | 68.99% | 84.85% | |
56 Neutral | $4.69B | ― | -20.26% | ― | 10.38% | 6.88% | |
54 Neutral | $56.92M | ― | -3.84% | ― | 5.23% | 80.84% | |
48 Neutral | $70.77M | ― | -115.55% | ― | 365.86% | 92.57% | |
44 Neutral | $31.57M | ― | -16.02% | ― | 8.35% | 84.36% |
* Technology Sector Average
Performance Comparison
AUID
Ipsidy
6.48
-1.47
-18.49%
IDN
Intellicheck Mobilisia
2.88
-0.40
-12.20%
QNST
Quinstreet
17.92
0.50
2.87%
VRNS
Varonis Systems
41.64
-5.17
-11.04%
OKTA
Okta
107.99
4.50
4.35%
TSE:MOGO
Mogo Finance Technology
1.29
-1.33
-50.76%
Ipsidy Earnings Call Summary
Earnings Call Date: Mar 13, 2025 | % Change Since: 36.13% | Next Earnings Date: May 20, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted authID Inc.'s significant growth in ARR, the largest deal in company history, and technological advancements. However, it also noted increased operating expenses, a substantial net loss, a decrease in Q4 ARR, and some delays in closing large enterprise deals.Highlights
Achievement of Booked ARR Goals
authID Inc. achieved a 3x growth in booked ARR, reaching $9 million for 2024, meeting their aggressive growth target.
Largest Deal in Company History
Closed a $10 million contract over three years with a next-generation AI partner in India, marking the largest deal in the company's history.
Significant Increase in RPO
Remaining performance obligation increased by 3.5x from $4 million to over $14 million.
Expansion of Partner Ecosystem
Announced a partnership with Zendesk and membership in the Accountable Digital Identity Association (ADIA).
Technological Advancements
Introduced Privacy Key in the 4.0 release, offering biometric authentication without storing any biometrics, and achieved a one to one billion false match rate.
Lowlights
Increased Operating Expenses
Operating expenses for the full year increased to $15.6 million from $10.9 million in 2023.
Net Loss from Continuing Operations
Net loss from continuing operations for the full year was $14.3 million, although improved from $19.6 million in 2023.
Decreased Q4 ARR
ARR as of Q4 was $0.8 million, down from $1.0 million in Q3, due to a delayed go-live timeline for a customer contract.
Delayed Enterprise Deal Closures
Some large enterprise deals were delayed due to the late release of Privacy Key technology.
Company Guidance
In the recent earnings call, authID Inc. provided guidance and highlighted several key metrics and achievements for 2024. The company reported a significant 3x increase in booked annual recurring revenue (ARR), reaching $9 million, and improved its remaining performance obligation (RPO) by 3.5x, from $4 million to over $14 million. Additionally, authID closed a $10 million contract, the largest in the company’s history, and expanded its pipeline generation activity with over $20 million in bookings added per quarter. The company emphasized its technological advancements, particularly the introduction of the Privacy Key and participation in the Accountable Digital Identity Association (ADIA) to enhance biometric authentication standards. authID also addressed its financials, noting total 2024 revenue of $0.89 million, an increase from $0.19 million the previous year, despite a net loss from continuing operations of $14.3 million. The call underscored the company’s strategic focus on rapid growth and securing partnerships with large enterprises and channel partners.Ipsidy Corporate Events
Financial Disclosures
Ipsidy Releases Preliminary 2024 Financial Estimates
Neutral
Feb 12, 2025
authID Inc. has released preliminary unaudited financial estimates for the year ended December 31, 2024. These estimates, which are subject to significant revisions upon final audit, provide insights into the company’s financial performance and are intended for investor and analyst presentations. However, the company cautions against undue reliance on these figures due to potential variances arising from year-end procedures and other developments. The announcement includes forward-looking statements regarding future operations and financial positions, highlighting the inherent risks and assumptions involved.
Product-Related AnnouncementsBusiness Operations and Strategy
Ipsidy Highlights Biometric Verification and Anti-Fraud Strategy
Positive
Jan 14, 2025
On January 14, 2025, authID Inc. initiated presentations to investors and analysts using slides from a recent report, highlighting its strategic focus on biometric identity verification. The company emphasized its commitment to combating fraud by matching live individuals to biometric records rapidly, positioning itself as a leader in addressing security vulnerabilities exacerbated by AI advancements. authID’s leadership team, with a strong background in driving significant revenue growth, underscores its robust market strategy aimed at enterprise adoption by promising high accuracy, speed, and compliance with global privacy standards.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.