authID – The Security Software Pretender

Adam Gefvert from White Diamond Research returns to make the case that recently up-listed facial recognition software company authID ($AUID) is massively overvalued. Gefvert highlights a slew of questionable partnerships and clients, an equally questionable management team without the technical capabilities to improve their flawed technology, and deteriorating financials as reasons why the company’s shares are headed much lower. He also shares a shocking phone conversation with the CEO of one of authID’s “partners” who had never heard of the company and a video showing how simple photoshop tricks can thwart their software meant to protect customer’s most sensitive information.