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    Ricky Solomon

    Research Analyst at Wilmot Advisors

    Ricky Solomon is the Founder and Managing Member of Wilmot Advisors, a private investment office specializing in early-stage investments, startup advising, and strategic growth for B2B technology companies and other innovative sectors. Previously, he was a founding partner and portfolio manager at Amaranth Advisors, managing the hedge fund as it grew to $10 billion in assets, and has a long Wall Street background dating back to 1983 with executive roles at firms such as Wechsler & Co. Over his career, Solomon has delivered strong investment returns and has played a pivotal role as an angel investor and board advisor to numerous startups globally. He graduated with a BBA in Finance from Emory University and holds extensive experience in securities analysis and fund management.

    Ricky Solomon's questions to authID (AUID) leadership

    Ricky Solomon's questions to authID (AUID) leadership • Q3 2024

    Question

    Asked for clarification on why Q4 revenue guidance is flat despite new customers going live, and questioned a $1.1 million de-booking of bARR, wondering if it was due to slower go-lives or incorrect usage estimates.

    Answer

    Executives explained that go-live delays are due to customer-side issues and AuthID prioritizes the partnership relationship. The revenue impact is a result of running out of time in 2024, with that revenue now expected in 2025. The positive ramp in usage only began in Q3. The bARR was reduced because the revenue ramp for the delayed customer will now likely occur after the standard 18-month window from signing.

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