Saudi wealth fund slashes U.S. tech holdings in Q2, exits Meta, PayPal, Alibaba Hummmmm.Bet they have some pretty smart analysts -- I was considering getting back involved with Paypal.
AuthID targets $18M in 2025 bookings as IDX platform launch expands total addressable market ok- Management View CEO Rhoniel A. Daguro highlighted the achievement of recording "by far, our highest quarterly revenue in authID's history, $1.4 million." Daguro attributed this to the company's strategy to sign clients and bring them live, describing itas the beginning of reaping strategic benefits. The CEO announced the late July launch of the IDX platform, stating, "We believe IDX is 1 of the biggest advances in the identity industry that will eliminate identity fraud, specifically within supply chain workforce." Daguro emphasized that IDX integrates biometric authentication with a platform built on a comprehensive standard, enabling identity management for complex supply chains. Daguro reported a successful go-live with "a U.K.-based Fortune Global 500 customer that is using our PrivacyKey product," aiming to expand this deployment for "significant financial upside." The CEO revealed a new partnership with NEC, a global biometric hardware provider, noting, "With the support of NEC... we will be able to successfully demonstrate interoperability of a reusable identity between 2 companies, over 2 countries... without any changes to the incumbent identity management systems. This has never been done before." Daguro also announced that "authID signed an agreement with Prove, one of the largest identity fraud platforms in the world," and indicated that revenue impact will be visible in Q3. On the board, former NEC executive Ram Menghani joined as a director, strengthening ties with NEC. Daguro described a strategic shift to "performance-based production level pilots" for faster customer adoption, stating this approach "has been proven to be an effective way to earn customer trust, shorten our go-live and time to revenue." CFO Edward C. Sellitto stated, "Total revenue for the quarter increased significantly to $1.4 million compared to $0.3 million last year and $0.3 million in Q1." Outlook Daguro confirmed the company is "confident that we will sign a long-term commitment soon" with a large Fortune 500 international human capital company, with updates to be provided when available. Sellitto reiterated, "As we previously stated, our goal is to deliver $18 million in BAR for 2025. We remain on track to meeting our expectations and look forward to updating our investors again in our Q3 call." Management expects revenue impact from the Prove partnership to appear in Q3. Financial Results Sellitto reported, "Operating expenses for Q2 were $5.9 million compared to $3.6 million a year ago and $4.7 million last quarter. The year-over-year increase is primarily due to increased head count investment in sales and R&D." Net loss for the quarter was $4.4 million, including $1.1 million in noncash charges. Net loss per share was $0.33 compared to $0.34 a year ago and $0.40 last quarter. Remaining performance obligation (RPO) as of June 30, 2025, was $13.8 million, with contracts typically signed for three years. Cash balance was $8.3 million, following capital raises in April and May 2025. Adjusted EBITDA loss was $3.4 million for Q2, compared with a $2.5 million loss a year ago and a $3.9 million loss last quarter. Annual recurring revenue (ARR) as of Q2 is $5.8 million, up from $1.1 million a year ago and $1.2 million last quarter. Gross booked annual recurring revenue (BAR) signed in Q2 was $2.2 million, led by the Prove deal. Is This The Bottom?->AUID authID Inc.@ 52 week low. $3.92-0.14(-3.45%)4:00 PM 08/14/25 NASDAQ |$USD |Pre-Market:$4.11+0.19(+4.85%)7:39 AM In 2024 we had buyers lots of them. I have 10 buyers (one in 23') in ranges from $9---$7 Folks this would be a wild risky 1st name for a new thread. There is one small rub it was the same buyer each time except one: Garchik Stephen Jeffrey Then 2 other guys came on // wait let me add this up/// 13 buys latest at $6.49 8 sells generally smaller amounts ..... HUMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
Company Profile authID Inc. provides secure, biometric, identity verification, and strong passwordless and biometric authentication for consumer and workforce applications worldwide. The company offers solutions through its Verified platform to enable their users to easily verify and authenticate their identity through a mobile device or desktop. It provides Biometric Identity Verification, which establishes the trusted identity of users based on a variety of ground truth sources, including chip-based electronic machine-readable travel documents, national IDs, and driver’s licenses; Human Factor Authentication that delivers trusted FIDO2 strong authentication for device-based passwordless login and transaction authentication that is tied to a trusted identity; Cloud-Based Biometric Multi-Factor Authentication, which provides any bank, enterprise, or government department a secure and convenient application for identity verification and transaction consent as part of any type of electronic transaction; and Identity - Portal that enables enterprises to get started with its identity products without any integration. The company also offers SEARCH, a biometric matching software for desktop fingerprint capture and image processing. The company was formerly known as Ipsidy Inc. and changed its name to authID Inc. authID Inc. was founded in 2009 and is headquartered in Denver, Colorado.
Shares of Joby Aviation (NYSE:JOBY) raced higher in Friday’s premarket trading after the company announced it had successfully completed a test flight between two airports within FAA-controlled airspace. This achievement is considered a major advance to the company’s commercial marketreadiness and its efforts to gain FAA certification as a passenger air taxi. The aircraft flew between airports at Marina and Monterey, California for a total flight time of 12 minutes over 10 nautical miles, including 5 minutes in a holding pattern above Monterey airport as it interacted with other aircraft. This marks the first time a piloted electric vertical takeoff and landing ((eVTOL)) air taxi has flown from one public airport to another and also demonstrated Joby’s (NYSE:JOBY) ability to conduct multiple test flights and deliver full ground support remotely. The successful test flight between the two airports adds to Joby Aviation’s (NYSE:JOBY) recent achievements, including a successful test flight in Dubai, partnership with L3Harris to develop military applications for VTOL aircraft, Blade Air Mobility acquisition, and planned expansion of its California facility to double production. As a result, Joby (JOBY) shares have gained 250% from last year and 121% in the last 6 months alone versus a 6% gain in the S&P 500. Shares areup 10%ahead of Friday’s open.
Huge Mistake By Yours Truly. I had it highlighted just the other day but never acted./// I could of jumped back in for 40% in a day///// BKTI BK Technologies Corporation $61.97 +18.53(+42.66%)4:00 PM 08/14/25
Boy the morning call yesterday was off the hook. I should of gummied both names)))))) KE Kimball Electronics, Inc. $24.71 +$3.74(+17.84%)4:00 PM 08/14/25