authID Inc. reported its financial and operating results for the fourth quarter and full year ended December 31, 2024, on March 13, 2025. Total revenue for Q4 2024 was $0.20 million, an increase from $0.07 million in Q4 2023. For the full year 2024, total revenue reached $0.89 million, up from $0.19 million in 2023.
Operating expenses for Q4 2024 were $4.9 million, compared to $3.3 million a year ago, primarily due to reinvestment in employees and contractors. The net loss for Q4 2024 was $4.6 million, compared with $3.2 million in Q4 2023. For the full year 2024, the net loss was $14.3 million, an improvement from $19.6 million in 2023, with loss per share improving to $1.40 from $3.19.
Remaining Performance Obligation (RPO) as of December 31, 2024, was $14.26 million, significantly up from $4.03 million a year prior. Gross Booked Annual Recurring Revenue (bARR) signed in Q4 2024 was $7.13 million, a substantial increase from $1.67 million in Q4 2023. For the full year 2024, gross bARR signed was $9.01 million, more than triple the $2.94 million in 2023, driven by a $10 million agreement with an AI partner in India.
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