Gary Brody's questions to authID (AUID) leadership • Q2 2025
Question
Asked for clarification on financial metrics like deferred revenue and ARR, and sought details on the status, revenue recognition, and financial impact of major partnerships, including the Prove deal, a large Indian contract, and the new NEC/IDX deal. He also questioned the company's confidence in its $18M bookings guidance and the completion of its software platform overhaul.
Answer
The company confirmed the $1.2M in deferred revenue is from recurring contracts and will be recognized in coming quarters, making the $5.8M ARR figure accurate. The Prove partnership has two parts: a simple integration for onboarding that is about to go live with a joint customer (revenue expected in Q3), and a more strategic, deeper integration that is still in progress. For the Indian contract, they have gone live and started recognizing revenue, and they expect to recognize the full $3.3M commitment within the first contract year (mostly in H2 2025). They could not provide financial forecasts for the new NEC/IDX deal yet. They reaffirmed their $18M bookings guidance for 2025 and confirmed the major software overhaul is complete, allowing them to win deals, though normal R&D and improvements continue.