Ipsidy Stock Earnings Reports

authID reported Q1 2026 revenue of $480k, up 62% year-over-year, driven by new enterprise customer deployments. The company completed a $4.2M bridge financing in April to extend runway and support ongoing large, long-cycle enterprise proof-of-concept (POC) evaluations. Management announced ~ $3.5M of annualized operating cost reductions beginning in Q2 to improve burn efficiency. Key technology milestones include the launch of PrivacyKey, described as the industry’s first quantum-resistant biometric authentication platform, and expanded support for mobile digital IDs and verifiable credentials to accelerate onboarding use cases. The enterprise pipeline includes roughly 12–20 active POCs with top-tier retailers, banks and technology hardware firms, nearly half sourced through channel partners; management expects potential production conversions in H2 2026. Financially, adjusted EBITDA loss improved modestly (Q1 adjusted EBITDA loss $3.4M vs $3.9M prior year), ARR rose to $1.9M, RPO stood at $2.0M, bARR signed in Q1 was $80k, and cash on hand at quarter-end was ~$1.2M supplemented by the subsequent bridge financing. Management frames the combination of revenue growth, cost cutting, bridge financing, technology differentiation and channel traction as creating a path toward cashflow sustainability if POCs convert to production.