authID Reports Q3 Results with Improved Net Loss and Revenue Growth
authID (AUID) reported its third-quarter financial results, showing a significant improvement in net loss per share. The company recorded a loss of $0.24 per share, compared to a loss of $0.38 per share in the same period last year. While total gross revenue declined to $0.3 million from $0.6 million a year ago, net revenue saw a positive shift, reaching $0.3 million compared to a negative $0.1 million in the prior year's quarter. Additionally, the company announced the pricing of a private placement offering.
Topics: earnings report net loss private placement revenue growth