AuthID Inc reported a 62% increase in revenue for Q1 2026, reaching $480,000. The growth is driven by strong customer adoption and new implementations.
Despite the revenue surge, the company posted a net loss of $4.5 million, slightly higher than the $4.3 million loss in Q1 2025. AuthID's stock rose 2.75% in premarket trading.
The company unveiled the industry's first quantum-resistant biometric platform, PrivacyKey, designed to protect against future quantum computing threats.
AuthID projects full-year 2026 revenue of $3.57 million and $5.54 million for 2027, with a strong pipeline of enterprise deals.
