{
  "docId": "019dd923-622c-750b-8b9a-c6e3fab36be0",
  "docSlug": "35c4ff59902b",
  "documentTitle": "authID Inc. (AUID)",
  "authorId": "61_White_Diamond_Research",
  "authorName": null,
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-04-23 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 3,
  "pageCount": 13,
  "prevPage": 2,
  "nextPage": 4,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 6,
  "notes": "This is a short-seller research note exposing potential securities fraud.",
  "elementsJson": [
    "headline_text",
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-c6e3fab36be0/3",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-c6e3fab36be0",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-c6e3fab36be0.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-c6e3fab36be0#slide-3",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "It’s ironic that AUID is supposed to guard against fake logins, yet it provides fake revenue numbers in its PRs.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-70f7-7334-b21d-aa18a1f80117",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "revenue: $72K",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-70f7-7334-b21d-ae6197734809",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.84,
        "x": 0.08,
        "y": 0.32
      },
      "kind": "paragraph",
      "text": "AUID only earned $44K in revenue in Q323. A 300% increase would have been $176K in Q423. $176K revenue in a quarter would be pathetic for a $50M+ market cap company. However, AUID couldn’t even accomplish that. It only earned $72K in revenues for Q423.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "23e203cf-c620-42ec-807c-90f85bfb96f5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.84,
        "x": 0.08,
        "y": 0.41
      },
      "kind": "paragraph",
      "text": "To release a PR that clearly states that quarter over quarter sales increased 300%, and then not deliver, is a violation of SEC rules and could lead to a fine. On 9/28/23, XL Fleet received an $11M fine from the SEC over misleading investors about its revenue prospects. On 8/4/23, the SEC fined Canoo $1.5M over “unreasonable revenue projections”.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "34e80aea-aa47-42a0-9349-10e5b941728c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.84,
        "x": 0.08,
        "y": 0.25
      },
      "kind": "paragraph",
      "text": "It’s ironic that AUID is supposed to guard against fake logins, yet it provides fake revenue numbers in its PRs. For example, on 10/4/23, AUID released a PR titled “authID Momentum Drives 300% Increase in Quarter over Quarter Sales.”",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d734a6ba-552c-4da1-8029-4a1c026c0173",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.84,
        "x": 0.08,
        "y": 0.18
      },
      "kind": "title",
      "text": "authID’s Uses the Term “Sales” in PRs Instead of “Bookings” – We Have Reported This False Reporting To The SEC",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6ec8d078-18e5-45dd-94bf-823324edcc4d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.84,
        "x": 0.08,
        "y": 0.73
      },
      "kind": "title",
      "text": "authID’s New Reported Customers Won’t Provide Any Significant Revenue",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bb27ab90-4e04-481f-b76d-1778dea95a84",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "afff23a3-b7fb-4f0a-aed7-1de0fc2f1c45",
      "evidence": "The slide explicitly documents alleged SEC violations and misleading revenue reporting.",
      "confidence": 0.95
    }
  ],
  "arcBeats": [
    {
      "to": 4,
      "from": 3,
      "beatId": "f0079778-f44c-44b9-87ac-615eb2ea9121",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "The document's content on pages 3-4 suggests a focus on exposing contradictions.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}