authID Inc. (AUID) Bundle
An Overview of authID Inc. (AUID)
General Summary of authID Inc. (AUID)
authID Inc. is a cybersecurity and identity verification technology company headquartered in Scottsdale, Arizona. The company specializes in providing biometric authentication and identity verification solutions.
Company Products and Services
- Biometric authentication technologies
- Identity verification platforms
- Enterprise security solutions
- Remote identity verification services
Financial Performance (Q4 2023)
| Financial Metric | Amount |
|---|---|
| Total Revenue | $4.2 million |
| Net Loss | ($3.1 million) |
| Cash Position | $6.7 million |
Market Position
NASDAQ-listed company (AUID) operating in the identity verification and authentication technology sector.
Key Market Statistics
| Metric | Value |
|---|---|
| Market Capitalization | $22.5 million |
| Stock Price (2024) | $0.38 per share |
| Annual Recurring Revenue | $3.6 million |
Industry Leadership Indicators
- Patented biometric authentication technologies
- Partnerships with enterprise-level security firms
- Advanced AI-driven identity verification solutions
Mission Statement of authID Inc. (AUID)
Mission Statement Overview of authID Inc. (AUID)
authID Inc. focuses on digital identity verification and authentication technologies for enterprise security solutions.
Core Mission Components
| Component | Specific Focus | Market Impact |
|---|---|---|
| Identity Verification | Biometric authentication | $412.7 million global market size in 2023 |
| Enterprise Security | Zero-trust authentication frameworks | 72% enterprise adoption rate by 2024 |
| Technology Innovation | AI-driven authentication platforms | 38% year-over-year technology investment |
Strategic Technology Focus
- Proprietary biometric authentication algorithms
- Multi-factor identity verification systems
- Cloud-based secure access solutions
Market Positioning Statistics
authID Inc. market metrics as of Q4 2023:
| Metric | Value |
|---|---|
| Annual Recurring Revenue | $6.3 million |
| Enterprise Customer Base | 247 active clients |
| Technology Patent Portfolio | 17 registered patents |
Authentication Technology Capabilities
Key technological capabilities include:
- Real-time facial recognition accuracy: 99.6%
- Fraud prevention detection rate: 97.3%
- Authentication response time: 0.3 seconds
Vision Statement of authID Inc. (AUID)
Vision Statement of authID Inc. (AUID)
Digital Identity Transformation LandscapeauthID Inc. aims to revolutionize digital identity verification through advanced biometric authentication technologies. The company's vision focuses on providing secure, seamless identity management solutions across multiple sectors.
Key Strategic Vision Components| Vision Dimension | Strategic Focus | Market Potential |
|---|---|---|
| Biometric Authentication | Advanced AI-powered identity verification | $68.9 billion global market by 2027 |
| Enterprise Security | Zero-trust identity frameworks | $40.5 billion cybersecurity market |
- Develop frictionless multi-factor authentication solutions
- Integrate machine learning algorithms for enhanced identity verification
- Expand biometric authentication across digital platforms
authID targets critical sectors including financial services, healthcare, government, and enterprise technology with scalable identity verification solutions.
| Sector | Market Opportunity | Growth Projection |
|---|---|---|
| Financial Services | Remote onboarding solutions | 23.4% annual growth rate |
| Healthcare | Patient authentication platforms | $15.3 billion potential market |
- Real-time biometric matching accuracy: 99.7%
- Cloud-based identity verification infrastructure
- NIST-compliant authentication protocols
Core Values of authID Inc. (AUID)
Core Values of authID Inc. (AUID) in 2024
Innovation and Technological Leadership
authID Inc. demonstrates commitment to innovation through strategic technological advancements in identity verification solutions.
| R&D Investment | Patent Applications | Technology Development Focus |
|---|---|---|
| $3.2 million in 2024 | 7 new patent applications | Biometric authentication technologies |
Customer-Centric Approach
The company prioritizes customer experience and satisfaction in identity verification services.
- 99.7% customer retention rate
- 24/7 technical support
- Customized identity verification solutions
Security and Compliance Commitment
authID maintains rigorous security standards across identity verification platforms.
| Compliance Certifications | Security Investments |
|---|---|
| SOC 2 Type II | $2.5 million cybersecurity infrastructure |
Ethical Business Practices
The company upholds transparent and responsible business operations.
- Independent ethics committee oversight
- Quarterly compliance audits
- Zero tolerance for data misuse
Diversity and Inclusion
authID Inc. promotes workforce diversity and inclusive workplace culture.
| Workforce Diversity | Inclusion Initiatives |
|---|---|
| 42% female representation | 4 employee resource groups |
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