authID Inc. reported its financial and operating results for the first quarter ended March 31, 2025, on May 13, 2025. Total revenue for the three months was $0.30 million, an increase from $0.16 million in the same period a year ago. Operating expenses for Q1 2025 rose to $4.7 million, compared to $3.3 million in Q1 2024, primarily due to increased headcount investment in sales and R&D.
The company reported a net loss of $4.3 million for the first quarter of 2025, compared with a net loss of $3.1 million a year ago. Loss per share for the quarter was $0.40, compared with $0.32 in Q1 2024. Adjusted EBITDA loss widened to $3.9 million from $2.4 million year-over-year, driven by the increased headcount investment.
Remaining Performance Obligation (RPO) as of March 31, 2025, was $13.85 million, a significant increase from $4.03 million as of March 31, 2024. However, gross Booked Annual Recurring Revenue (bARR) signed in Q1 2025 was $0.01 million, down from $0.10 million a year ago, and net bARR was negative $0.13 million. CEO Rhon Daguro expressed confidence in achieving the $18 million bARR target for the full year 2025, anticipating large enterprise and partnership deals to close in the latter half of the year.
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