Earnings Call Summary | AuthID(AUID.US) Q4 2023 Earnings Conference
Earnings Call Summary | AuthID(AUID.US) Q4 2023 Earnings Conference
The following is a summary of the AuthID Inc. (AUID) Q4 2023 Earnings Call Transcript:
以下是AuthID公司(AUID)2023年第四季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
AuthID reported total revenue of $0.2 million in 2023, decreasing from $0.5 million in 2022 due to the discontinuation of a legacy product.
The company managed to reduce operating expenses by 52% to $10.9 million through cost savings measures.
Loss from continuing operations improved by 17% to $19.6 million, attributed in part to noncash and one-time severance charges.
This resulted in an adjusted EBITDA loss reduction of 24% to $8.7 million due to the company's 2023 restructuring plan.
AuthID's Net ARR from 2023 contracts was $2.9 million, a significant increase from the $0.23 million in 2022.
由於傳統產品的停產,AuthID報告稱,2023年的總收入爲20萬美元,低於2022年的50萬美元。
通過成本節約措施,該公司設法將運營支出減少了52%,至1,090萬美元。
持續經營業務的虧損增長了17%,達到1,960萬美元,部分原因是非現金和一次性遣散費。
由於公司的2023年重組計劃,這導致調整後的息稅折舊攤銷前利潤虧損減少了24%,至870萬美元。
AuthID自2023年合約以來的淨年度回報率爲290萬美元,較2022年的23萬美元大幅增加。
Business Progress:
業務進展:
The company plans to continue increasing its recurring and overall revenue in 2024 through new contracts and customers.
AuthID has expanded its sales team which has led to a continued increase in pipeline opportunities.
In 2023, the company boosted its balance sheet by raising $9 million and achieved new contract bookings valued at $1.7 million in Q4.
The company is now setting a target of $9 million in bARR for 2024 due to an impressive sales pipeline for short term and long-term expansion.
AuthID continues to innovate, focusing on defeating deepfake threats, and providing a superior biometric authentication service with groundbreaking processing speeds.
AuthID's technology, recognised for its effectiveness in combating cyber threats, is sought after by companies in various sectors, leading to the expectation of closing significant deals in the coming year.
Alongside customer growth, the company prioritises product development and is committed to enhancing user experience and adding new functionalities to its platform.
該公司計劃通過新的合同和客戶在2024年繼續增加其經常性和總收入。
AuthID擴大了其銷售團隊,這導致了渠道機會的持續增加。
2023年,該公司通過籌集900萬澳元擴大了資產負債表,並在第四季度實現了價值170萬美元的新合同預訂。
由於短期和長期擴張的銷售渠道令人印象深刻,該公司現在設定了2024年BarR900萬美元的目標。
AuthID 繼續創新,專注於擊敗深度僞造威脅,並以突破性的處理速度提供卓越的生物識別身份驗證服務。
AuthID的技術因其在應對網絡威脅方面的有效性而獲得認可,受到各行各業公司的追捧,因此預計將在來年完成重大交易。
除了客戶增長外,該公司還優先考慮產品開發,並致力於增強用戶體驗併爲其平台添加新功能。
More details: authID IR
更多詳情: AuthID IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。