authID Inc. Reports Financial and Operating Results for the Third Quarter Ended September 30, 2023
DENVER, Nov. 08, 2023 (GLOBE NEWSWIRE) -- authID Inc. (Nasdaq: AUID), a leading provider of innovative biometric identity verification and authentication solutions, today reported financial and operating results for the third quarter and nine months ended September 2023.
- Total revenue for the three months ended September 30, 2023 was $0.04 million, compared with total revenue of $0.03 million for the same period in 2022.
- For the nine months ended September 30, 2023, total revenue was $0.12 million, compared with total revenue for the nine months ended September 30, 2022 of $0.26 million.
- Operating expenses for the three months ended September 30, 2023 declined to $3.8 million, compared with $5.7 million for the comparable period in 2022.
- The gross and net amount of bARR also increased quarter over quarter from $0.2 million signed in the second quarter of 2023.