{"id":744124,"date":"2023-03-30T16:46:32","date_gmt":"2023-03-30T20:46:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/authid-reports-financial-and-operating-results-for-the-year-ended-december-31-2022\/"},"modified":"2023-03-30T16:46:32","modified_gmt":"2023-03-30T20:46:32","slug":"authid-reports-financial-and-operating-results-for-the-year-ended-december-31-2022","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/authid-reports-financial-and-operating-results-for-the-year-ended-december-31-2022\/","title":{"rendered":"authID Reports Financial and Operating Results for the Year Ended December 31, 2022"},"content":{"rendered":"
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Recently appointed executive leadership and Board of Directors set to help Company advance its next stage of market growth.<\/p>\n

DENVER, March 30, 2023 (GLOBE NEWSWIRE) — authID\u00ae<\/a> [Nasdaq: AUID] a leading provider of secure identity authentication solutions today reported financial and operating results for the year ended December 31, 2022.<\/p>\n

\n \u201cI am excited about the strength of authID\u2019s digital identity technology. It delivers the enhanced, non-repudiable<\/em>
\n authentication needed to protect both workforce and consumer applications against identity fraud and cyberattacks associated with compromised passwords,\u201d said CEO Rhon Daguro. \u201cIn 2022, our stellar development team delivered our Verified 3.0 platform, secured a perfect score in testing for ISO Level 2 Biometric Presentation Attack Detection, achieved ISO 27001 Certification for Information Security Management Systems, and received certification of our FIDO2 passwordless solution by the FIDO Alliance.\u201d<\/em>\n <\/p>\n

\n \u201cThe authID leadership team is focused on achieving market momentum in 2023 by delivering the faster, frictionless, and accurate user identity solutions demanded by today\u2019s rapidly expanding digital ecosystem,\u201d concluded Daguro.<\/em>\n <\/p>\n

\n Financial Results for the 12 Months Ended December 31, 2022<\/strong>\n <\/p>\n

The following highlights comprise results from continuing operations and reflect the Company\u2019s 2022 exit of non-core businesses in South Africa and Colombia. These businesses are classified in authID\u2019s financial statements as discontinued operations and assets held for sale.<\/p>\n