5 Things To Know In Investing This Week: The Let's Look At The Data Issue
Portfolio Pulse from Gary Brode
AuthID (NASDAQ:AUID) reported its 1Q revenue, which was almost as high as its full-year 2023 revenue. The company provided guidance indicating that they expect quarterly revenue to double this year. The PPI and CPI data show mixed signals for inflation, with the PPI coming in higher than expected and the CPI slightly below expectations. Lyn Alden made a significant point about fiscal dominance, explaining how higher interest rates may not reduce inflation due to high government debt. DKI discussed the dollar's status as the world's reserve currency, noting that while institutional ownership of Treasuries is down, private foreign ownership is up.
May 22, 2024 | 5:35 pm
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AuthID reported 1Q revenue almost as high as its full-year 2023 revenue and provided guidance indicating expected revenue doubling this year. The company clarified its financial metrics and expressed confidence in signing new customers and completing a financing round later this year.
The significant increase in 1Q revenue and positive guidance for the rest of the year are strong indicators of growth. The company's clarification of financial metrics and confidence in signing new customers and completing a financing round further support a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100