<div>
  <ul>
    <li>
      <p>
        AuthID, a provider of biometric authentication solutions, reported its Q3 2022 results today. The company reported revenues of USD 0.3 million from continuing operations (sale of verified software licenses), up 144.5% YoY compared to Q3 2021, and posted a net loss of USD 6.4 million in Q3 2022 (a USD 0.25 loss per share from continuing operations) compared to a net loss of USD 5.2 million reported during the same period in 2021 (a USD 0.22 loss per share). 
      </p>
    </li>
    <li>
      <p>
        As announced in the 
        <a href="https://sp-edge.com/updates/10262">
          previous earnings
        </a>
         update, AuthID has divested its non-core businesses in South Africa and is in the process of exiting from non-core business in Colombia, to focus more on verified biometric identity opportunities.
      </p>
    </li>
    <li>
      <p>
        During the quarter, AuthID launched 
        <a href="https://sp-edge.com/updates/13956">
          Verified 3.0,
        </a>
         its next-generation platform that delivers human factor authentication (HFA). Combined with enhanced support for OpenIdConnect protocols, the company expects to offer its customers streamlined access to its products. The company has also signed up financial services customers including financial compliance platform Kompliant.
      </p>
    </li>
    <li>
      <p>
        The company has revised its target, to achieve positive cash flows later in 2024, compared to the previous target of achieving positive cash flows by the beginning of 2024.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://investors.authid.ai/news-releases/news-release-details/authid-inc-reports-financial-and-operating-results-third-quarter">
      Press release
    </a>
  </p>
</div>


Facial Recognition

AuthID Q3 2022 update: Continues to report net losses but sees revenue growth through sale of verified software licenses

Cognitec introduces upgrades to its facial recognition hardware

PopID partners with QNB Group and Visa to launch biometric payments in Qatar

Innovatrics introduces facial recognition on the Edge for advanced video processing..

CyberLink receives FIDO Alliance UAF Level 1 Certification for FaceMe

Alcatraz AI introduces new features to strengthen enterprise security and compliance

CyberLink enters the South Korean market partnering with UNIONCOMMUNITY

Italy bans the use of facial recognition technology

Incode Technologies enters into strategic partnership with Hoteza to serve hospitality sector

Incode Technologies partners with Spectrum Edge as first Malaysian reseller

Alcatraz AI expands into Europe and Middle Eastern Markets

Oosto upgrades Vision AI platform improving facial recognition video analytics at the edge

Clearview AI fined EUR 20 million in France; ordered to delete French citizens’ data

Google sued by the state of Texas for capturing biometric data without consent

AuthID launches Verified 3.0 to improve selfie-based authentication

Google brings back facial recognition on Pixel 7 phones

CyberLink partners with ASUS to offer facial recognition security access control

Paravision introduces image search improved biometric liveness detection capabilities

Innovatrics adds advanced video processing capabilities for its facial recognition tool

House Democrats introduce new bill to limit facial recognition for law enforcement

Clearview AI receives US patent for bias-free facial recognition algorithm

Samsung patents its under-display facial recognition technology

Clearview AI plans to offer its law enforcement tool for Public Defenders

Alcatraz AI raises USD 25 million in Series A funding

Paravision extends contract with US Air Force; receives more funding

CyberLink partners with MediaTek to integrate FaceMe with Genio

Rank One Computing partners with Anonybit for decentralized face matching

AuthID Q2 2022 update: Continues to report net losses; growth potential seen in workforce verification business

Corsight AI partners with OneMind Technologies to offer facial recognition for smart city applications

Corsight AI ranked top facial recognition algorithm by NIST for reducing racial bias

All Updates