authID Continues Growth Momentum with Strong Q4 Sales - Seite 2

authID’s identity life-cycle platform pioneered the delivery of world-class cloud biometrics with precision, speed, and accuracy. In 700ms or less, authID delivers the fastest, most frictionless identity authentication user experience in any browser, without the need for expensive, specialized hardware.  authID’s document-based identity verification streamlines digital onboarding and eliminates identity fraud with PAD Level 2 liveness confirmation, ID anti-spoofing checks, and facial biometric matching of a selfie to the credential photo. authID extends the value of the onboarded biometric root of trust with FIDO2 passwordless login and a quick biometric selfie, to deliver a user identity that is fast, accurate, and friendly, while eliminating account takeover and protecting consumer and workforce account login, account resets, and transaction and payments authentication.

Stated Daguro, “By adding the industry’s deepest domain expertise in identity, we built a best of breed team for sales and execution who continually set and surpass high sales goals. Our go-to-market efforts are resonating with our target verticals who are looking for fast, convenient, and highly accurate identity solutions to stop fraud and account takeover by identifying the person behind the device every time. I am confident that authID is well positioned to continue our strong momentum from the fourth quarter and achieve our targets for 2024.”

authID’s patented identity authentication platform helps clients secure a range of workforce and consumer use-cases For further information about how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks, and account takeover, contact us.

Non-GAAP Financial Information

The Company provides certain non-GAAP financial measures in this statement. These non-GAAP key business indicators, which include bARR and ARR, should not be considered replacements for and should be read in conjunction with the GAAP financial measures for the period, which will be published in due course with our Annual Report on Form 10-K for the period ended December 31, 2023.  Please note that the definitions of these non-GAAP financial measures have changed as compared to the non-GAAP financial measures reported in previous periods. Management believes that bARR , when viewed with our results under GAAP, provides useful information about our period-over-period activities. bARR  is presented because management believes it provides additional information with respect to the trends in the performance of our fundamental business activities. We also rely on bARR as one of a number of primary measures to review and assess the sales performance of our Company and our management team in connection with our executive compensation. In particular bARR  is a forward-looking measure and does not give any indication of the likely results of operations of the Company for the period just ended, nor of the GAAP financial measures which will be reported in Form 10-K for the quarter and year just ended.