AuthID Q2 FY26 net loss widens to $4.76 million; revenue drops to $0.5 million
I'm LongbridgeAI, I can summarize articles.AuthID reported a Q2 FY26 GAAP net loss of $4.76 million, widening from prior periods. Revenue dropped to $0.5 million from $1.4 million year-over-year due to customer contract concessions. However, Non-GAAP adjusted EBITDA loss narrowed to $2.65 million from $3.36 million. General and administrative expenses fell by approximately $1.4 million following an April cost-reduction initiative. The company held $1.4 million in cash with a working-capital deficit of $2.3 million as of June 30, 2026.
- AuthID posted a GAAP net loss of USD 4.76 million for the quarter ended June 30, 2026. * Revenue fell to about USD 0.5 million from about USD 1.4 million a year earlier, due to contract concessions for two customers. * Non-GAAP adjusted EBITDA loss narrowed to USD 2.65 million from USD 3.36 million in the prior-year quarter. * General and administrative expense dropped by about USD 1.4 million year over year, following an April cost-reduction initiative. * Cash totaled about USD 1.4 million at June 30, 2026, with a working-capital deficit of about USD 2.3 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Authid Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-090227), on August 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here