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Ipsidy (AUID)
NASDAQ:AUID
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Earnings Data
Report Date
Mar 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.34Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -13.21%
|Next Earnings Date:Mar 25, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant revenue growth and strategic advancements, especially in the Indian market. However, challenges such as delayed customer go-lives and increased operating expenses have led to a reduction in revenue guidance. Despite these setbacks, the company is showing robust product usage growth and strategic hirings to drive future success.Company Guidance
During AuthID's Third Quarter 2024 earnings call, the company provided key guidance metrics, highlighting significant revenue and growth expectations. AuthID reduced its full-year revenue guidance to a range of $800,000 to $900,000, citing delays in customer go-lives and adjustments to volume expectations, which will shift anticipated revenue into 2025. Despite this adjustment, the company noted a 4x year-over-year revenue growth. AuthID also maintained its booked Annual Recurring Revenue (bARR) target for 2024 at $9 million, with a robust sales pipeline exceeding $33 million. The Remaining Performance Obligation (RPO) is projected to increase to a range of $13 million to $14 million by year-end, up from the previously stated target of $12 million to $13 million, reflecting the company's confidence in its contractual commitments and expected usage patterns.Significant Revenue Growth
Total revenue for the quarter was $249,000 compared to $43,000 a year ago, marking a significant increase.
Expansion into Indian Market
AuthID signed a $10 million agreement with a next-generation AI company in India for biometric authentication services.
Growth in Proof and Verified Products
The number of identities processed per quarter increased approximately 25x to an average of 440,000 Proofs. Verified product registered an average of 21,000 user identities per quarter, a 42x growth.
New Strategic Hires
AuthID hired Erick Soto as Chief Product Officer, Donna Shawhan as VP of Partnerships, and Eric Akre as VP of Sales to bolster growth and market reach.
Improved Biometric Accuracy
AuthID achieved a false match rate of 1 in 1 billion, surpassing the NIST standard and Apple's Face ID.
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AUID Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AUID Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $8.10 | $8.00 | -1.23% |
| Aug 08, 2024 | $8.25 | $8.05 | -2.42% |
| May 15, 2024 | $7.50 | $7.84 | +4.53% |
| Mar 20, 2024 | $9.30 | $7.01 | -24.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ipsidy (AUID) report earnings?
Ipsidy (AUID) is schdueled to report earning on Mar 25, 2025, TBA Not Confirmed.
What is Ipsidy (AUID) earnings time?
Ipsidy (AUID) earnings time is at Mar 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AUID EPS forecast?
Currently, no data Available
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