authID Inc.

Q1 2026 revenue was approximately $480,000, compared with approximately $296,000 in Q1 2025, a year-over-year increase of about 62%. Operating expenses were $5.0 million versus $4.7 million last year. Net loss was $4.5 million, compared with $4.3 million in Q1 2025, and net loss per share improved to $0.28 from $0.40. Adjusted EBITDA loss was $3.4 million, improving from $3.9 million a year ago. RPO was $2.0 million, down from $2.2 million in Q4, and ARR was $1.9 million versus $1.8 million in Q4 and $1.2 million a year ago. The company ended Q1 with approximately $1.2 million in cash and said it secured $4.2 million in bridge financing in early Q2. Management did not provide formal next-quarter or full-year numerical guidance, but said it expects RPO growth in the second half of 2026, with multiple enterprise deals potentially converting during Q2 through Q4 2026 and into fiscal 2027.

Ron Daguro framed Q1 as an inflection point, emphasizing simultaneous progress on financing, cost reduction, product development, and the enterprise pipeline. He highlighted the launch of what he described as the industry's first quantum-resistant biometric authentication platform, plus support for digital IDs and verifiable credentials. His tone was highly optimistic and confident, repeatedly saying the company is positioned for a stronger 2026 second half and fiscal 2027.

Ed Sellitto focused on the quarter's financial trajectory and the balance between growth and cost control. He cited revenue of approximately $480,000, operating expenses of $5.0 million, net loss of $4.5 million, and adjusted EBITDA loss of $3.4 million, while noting cash used in operating activities was approximately $3.4 million versus approximately $5.4 million a year ago. He also pointed to approximately $1.2 million in cash on hand at quarter-end and said the Q2 expense-reduction initiative should produce more meaningful operating expense benefits going forward.

Analysts pressed for more detail on the proof-of-concept pipeline, and management said there are roughly 20 POCs in motion, concentrated among top-tier, household-name customers across multiple verticals. Daguro said the process is thorough and that the company has already gone through vendor onboarding, with competition now coming down to head-to-head evaluations. On technology, he said the new quantum-resistant release is a key differentiator and claimed no other known competitor has a purpose-built quantum-resistant biometric authentication solution.