authID (AUID) investor relations material

Executive summary

• Q1 2026 marked a strategic inflection point with deliberate cost restructuring, strengthened balance sheet, and expansion of the enterprise pipeline, including new partnerships in the Microsoft ecosystem.

• Revenue for Q1 2026 was $480,151, up from $296,256 in Q1 2025, driven by new and existing enterprise customers.

• Net loss for Q1 2026 was $4.5 million ($0.28/share), compared to $4.4 million ($0.40/share) a year ago.

• The company faces substantial doubt about its ability to continue as a going concern without additional financing.

• Secured $4.2 million in bridge loan financing in April 2026 to support ongoing operations and strategic initiatives.

Financial highlights

• Q1 2026 revenue increased 62% year-over-year to $480,151, driven by enterprise customers.

• Operating expenses were $5.0 million, mainly due to higher stock-based compensation.

• Adjusted EBITDA loss improved to $3.4 million from $3.9 million in Q1 2025.

• Cash used in operations was $3.4 million, down from $5.4 million in Q1 2025; cash at quarter-end was $1.2 million.

• Annual Recurring Revenue (ARR) reached $1.9 million, up from $1.2 million a year ago.

Outlook and guidance

• The company anticipates $3.5 million in annualized cost savings from Q2 2026 onward.

• Management expects approximately 71% of Remaining Performance Obligation (RPO) to be recognized as revenue over the next twelve months.

• The combination of revenue growth, cost savings, and pipeline expansion is expected to drive cash flow sustainability and long-term independence, though there is no assurance of achieving profitability or positive cash flow in the near term.

• The company plans to raise additional funds as needed to support operations and investments.