AuthID Q2 FY26 net loss widens to $4.76 million; revenue drops to $0.5 million
Reuters2026/08/14 21:07- AuthID posted a GAAP net loss of USD 4.76 million for the quarter ended June 30, 2026.
- Revenue fell to about USD 0.5 million from about USD 1.4 million a year earlier, due to contract concessions for two customers.
- Non-GAAP adjusted EBITDA loss narrowed to USD 2.65 million from USD 3.36 million in the prior-year quarter.
- General and administrative expense dropped by about USD 1.4 million year over year, following an April cost-reduction initiative.
- Cash totaled about USD 1.4 million at June 30, 2026, with a working-capital deficit of about USD 2.3 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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