Authentidate

Authentidate Holding Corp. Announces Closing of Public Offering

sloonan — Mon, 17 Jun 2013 18:01:01 +0000

Underwriter Exercises Option to Purchase Additional Securities

BERKELEY HEIGHTS, N.J.
June 17, 2013

Authentidate Holding Corp. (Nasdaq:ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced the closing of a previously announced underwritten public offering of 4,257,895 shares of its common stock and warrants to purchase 4,257,895 shares of common stock, and the fully exercised over-allotment option to purchase 425,790 additional shares and 425,790 additional warrants. Gross proceeds to Authentidate at closing were approximately $4.45 million. The securities sold in the offering were sold as a unit of one share and a warrant to purchase one share of common stock at a price to the public of $0.95 per unit. The warrants have an exercise price of $0.95 per share and a 5-year term. Net proceeds to Authentidate from the offering are approximately $4.0 million after deducting underwriting discounts and commissions and estimated offering expenses. Authentidate intends to use the proceeds for working capital and general corporate purposes.

J.P. Turner & Company, LLC, acted as the sole underwriter for the offering.

The securities were sold pursuant to Authentidate’s existing shelf registration statement, base prospectus, and a prospectus supplement as filed with the Securities and Exchange Commission (SEC). Copies of the prospectus supplement and accompanying prospectus relating to this offering may be obtained from the Securities and Exchange Commission’s website at http://www.sec.gov or by contacting J.P. Turner & Company, LLC, Attention: Jeffrey Johnson, by telephone at (404) 479-8300, or by email at jjohnson@jpturner.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.

About Authentidate Holding Corp.
Authentidate Holding Corp. is a provider of secure web-based software applications and telehealth products and services that enable healthcare organizations to coordinate care for patients and enhance related administrative and clinical workflows. Authentidate’s products and services enable healthcare organizations to increase revenues, reduce costs and enhance patient care by eliminating paper and manual work steps from clinical and administrative processes. Authentidate’s telehealth solutions combine patient vital signs monitoring with a web application that streamlines patient care management. Delivered as Software as a Service (SaaS), customers only require an Internet connection and web browser to access our web-based applications thereby utilizing previous investments in systems and technology. The company’s healthcare customers and users include leading homecare companies, health systems, physician groups and governmental entities. These organizations utilize the company’s products and services to coordinate care for patients outside of acute-care.

For more information, visit the company’s website at www.authentidate.com.

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Act of 1934. When used in this release, the words “believe,” “anticipate,” “think,” “intend,” “plan,” “will be,” “expect,” and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of the company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the company’s ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the company’s reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the company or any other person that the objectives and plans of the company will be achieved.

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

Authentidate Holding Corp. Prices $4.045 Million Public Offering And Reaches Definitive Agreements For The Cancellation Of $6.5 Million Of Senior Notes

sloonan — Wed, 12 Jun 2013 13:02:03 +0000

Berkeley Heights, NJ
June 12, 2013

Authentidate Holding Corp. (NASDAQ:ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, announced today that it has priced an underwritten public offering of 4,257,895 units at a price to the public of $0.95 per unit, resulting in gross proceeds of approximately $4.045 million. Each unit consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $0.95 per share. Net proceeds, after underwriting discount and other estimated fees and expenses payable by the company, are expected to be approximately $3.6 million.

The offering is expected to close on or about June 17, 2013, subject to satisfaction of customary closing conditions. Authentidate has granted the underwriters a forty-five (45) day option to purchase up to 425,790 additional shares and additional warrants to purchase up to 425,790 shares to cover over-allotments, if any. J.P. Turner & Company, LLC is acting as the sole underwriter for the proposed offering.

The securities described above are being offered by Authentidate pursuant to a shelf registration statement that was previously filed with and declared effective by the Securities and Exchange Commission (SEC). A preliminary prospectus supplement related to the offering was filed with the SEC on June 4, 2013. A final prospectus supplement relating to the offering will be filed with the SEC. Electronic copies of the prospectus supplement and accompanying prospectus can be obtained through the website of the SEC at www.sec.gov. When available, copies of the final prospectus supplement and the accompanying prospectus relating to this offering may be obtained from J.P. Turner & Company, LLC, Attention: Jeffrey Johnson, by telephone at (404) 479-8300, or by email at jjohnson@jpturner.com.

Authentidate also announced today that it has entered into definitive agreements with a number of holders of its outstanding senior notes and other investors to issue an aggregate of $6,650,000 of new shares of convertible preferred stock and warrants to purchase an aggregate of 6,650,000 shares of common stock in consideration of the cancellation of $6,500,000 of senior notes and $150,000 in additional cash proceeds. The shares of preferred stock, to be designated as Series D Preferred Stock, will be initially convertible into an aggregate of 6,125,024 shares of common stock at the initial conversion rate of $1.08571 per share, subject to adjustment solely in the event of stock dividends, combinations, splits, recapitalizations, and similar events. The warrants are exercisable at $0.95 per share for a period of 54 months commencing on the six month anniversary of the closing date. After the closing, an aggregate principal amount of $850,000 of senior notes will remain outstanding, which will be due and payable on October 31, 2013.

The shares of Series D Preferred Stock and related warrants were offered and sold in a private placement under the Securities Act of 1933, as amended (the “Securities Act”) and the regulations promulgated thereunder. Such securities were offered and sold only to accredited investors and have not been registered under the Securities Act or applicable state securities laws. Accordingly, such securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

The investors that surrendered senior notes in this transaction included Authentidate’s largest stockholder, Lazarus Investment Partners LLLP as well as affiliates of Mr. J. David Luce, an Authentidate board member, Mr. O’Connell Benjamin, the company’s Chief Executive Officer and a board member, and Mr. William Marshall, Chief Financial Officer of Authentidate. Further, one of our directors, Dr. Todd Borus, agreed to purchase an aggregate of $25,000 of shares of Series D Preferred Stock and 25,000 warrants.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in either the public or private offering, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

Authentidate Holding Corp. Reports Fiscal 2013 Third Quarter Results

sloonan — Wed, 15 May 2013 20:02:05 +0000

BERKELEY HEIGHTS, NJ
May 15, 2013

Selected highlights for the quarter include:

Increased revenues for the quarter by approximately 85% compared to the same period in the prior year due to growth from both our telehealth products and services and our hosted software services.
Completed the integration between the Department of Veterans Affairs (VA) VistA Electronic Health Records system and our Electronic House Call (EHC) and Interactive Voice Response (IVR) telehealth solutions and the VA approved the use of the interface in its national telehealth program.
Entered into an agreement with Fastrack™ Healthcare Systems to provide ongoing development updates and support for an interface between our Inscrybe® Referral and Order Management solution and the Fastrack Enterprise System to streamline care order processing and enable physician eSignatures for Fastrack customers and referring physicians.
Introduced a mobile telehealth tablet and a telehealth software application to address the growing need for mobility in the telehealth market, complement our current products and services and provide for a broader range of price points and patient segments that can benefit from telehealth.

Following the end of the quarter, the company announced that our shareholders had approved the automatic conversion of the company’s outstanding shares of Series C 15% convertible redeemable preferred stock into an aggregate of 3,551,541 shares of common stock. These shares are subject to a six month restriction on transferability from the conversion date.

Ben Benjamin, Chief Executive Officer of Authentidate, stated, “Our revenues are moving in the right direction and we believe the pace of our revenue growth will continue to improve as we execute on our growth plans. During the quarter we continued to focus on increasing sales of our telehealth products and services to the VA and believe we are making solid progress with this important project as evidenced by the increase in our telehealth revenues for the period. We also made progress with our other solutions as we remained focused primarily on increasing the utilization of our services by existing customers and adding partner relationships to expand our reach in these markets. We believe the increasing interest we are seeing in our products and services stems from the ongoing healthcare reform in the United States as well as industry trends to reduce costs, shift patient care towards wellness and preventative care programs and provide post-acute continuum of care solutions for patients. As the healthcare market develops, we believe our business will benefit from these reforms and market trends as we serve these emerging needs with our innovative products and services.”

Mr. Benjamin concluded, “Although the economic environment has remained challenging, we believe we are well positioned for future growth and profitability. As our markets develop, we have continued to manage our expenses, including expanding our compensation modification program during the quarter to further reduce employee cash compensation. We also converted all director compensation to non-cash equity based grants. We believe the conversion of our Series C preferred stock into common stock will strengthen our balance sheet and allow us to allocate resources to support our growth plans. We remain very excited about the future prospects for our company and will continue to update our shareholders in the coming months as opportunities in our market develop.”

Revenues for the quarter ended March 31, 2013 were $1,410,000 compared to $764,000 for the prior year period. These results reflect an increase in revenues from both our telehealth products and services and our hosted software services. Revenues for the third quarter increased approximately 34% compared to the second quarter of fiscal 2013 due to higher revenues from our telehealth products and services.

Net loss for the quarter ended March 31, 2013 was $2,670,000, or $0.11 per share, compared to $2,018,000, or $0.08 per share, for the prior year period. The increase in net loss for the quarter is due primarily to the non-cash amortization of the debt discount on the company’s senior secured notes of approximately $822,000 and the acquired licenses and higher selling, legal, special shareholder meeting, investor relations and product development expenses.

Revenues for the nine months ended March 31, 2013 were $3,382,000 compared to $2,176,000 for the prior year period. The increase in revenues for the period reflects the same trends as the quarter.

Net loss for the nine months ended March 31, 2013 was $7,918,000, or $0.33 per share, compared to $5,597,000, or $0.23 per share, for the prior year period. The increase in net loss for the period is due primarily to the non-cash amortization of the debt discount on the company’s senior secured notes of approximately $2,195,000 and the acquired licenses and the expenses discussed above. The prior year period also reflects a payroll tax credit which lowered expenses for the period.

As of March 31, 2013 cash, cash equivalents and marketable securities were $764,000 and the company had working capital of $3,298,000. After adjusting for the conversion of the Series C preferred stock into common stock on April 5, 2013, and the reclassification of the Series B preferred stock, pro-forma total shareholders’ equity was $1,521,000 at March 31, 2013.

Conference Call Details
Management will host a conference call on Wednesday, May 15, 2013, at 4:30 p.m. ET, to discuss the latest corporate developments and results. The dial-in number for callers in the U.S. is (877) 869-3847 and the dial in number for international callers is (201) 689-8261.

A dial-in replay of the call will be available through May 29, 2013. To access the replay, please dial (877) 660-6853 in the U.S. and (201) 612-7415 internationally, and then enter the conference ID # 413687.

For more information, visit the company’s website at www.authentidate.com

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

- Financial Tables Follow -

Authentidate Holding Corp. and Subsidiaries
Condensed Consolidated Balance Sheet Data

	March 31,
	2013	June 30,
( in thousands, except per share data )	(Unaudited)	2012
____________________________________________________	___________	__________
Assets
Current Assets
Cash and cash equivalents	$ 554	$ 2,036
Restricted cash	256	256
Marketable securities	210	210
Accounts receivable, net	997	645
Inventory	4,469	4,016
Prepaid expenses and other current assets	861	1,286
	__________	__________
Total current assets	7,347	8,449
Property and equipment, net	808	917
Other assets
Software development costs, net	43	171
Licenses, net	2,030	2,196
Other assets	1,072	1,128
	__________	__________
Total assets	$ 11,300	$ 12,861
	==========	==========

Liabilities, Redeemable Preferred Stock and Shareholders’ (Deficit) Equity
Current liabilities
Accounts payable, accrued expenses and other liabilities	$ 3,960	$ 3,547
Deferred revenue	89	100
	__________	__________
Total current liabilities	4,049	3,647
Senior secured notes, net of unamortized discount	5,449	2,866
Long-term deferred revenue	263	281
	__________	__________
Total liabilities	9,761	6,794
	__________	__________
Commitments and contingencies
Redeemable preferred stock	3,554	3,254
Shareholders’ (deficit) equity
Common stock, $.001 par value; 100,000 shares authorized,
27,075 and 26,999 issued and outstanding on
March 31, 2013 and June 30, 2012, respectively	27	27
Additional paid-in capital	183,333	179,890
Accumulated deficit	(185,375)	(177,104)
	__________	__________
Total shareholders’ (deficit) equity	(2,015)	2,813
	__________	__________
Total liabilities, redeemable preferred stock
and shareholders’ (deficit) equity	$ 11,300	$ 12,861
	==========	==========

Pro-forma – Total shareholders’ equity	$ 1,521	$ 2,813
	==========	==========

Authentidate Holding Corp. and Subsidiaries
Condensed Consolidated Statement of Operations and Comprehensive Operations Data
(Unaudited)

	Three Months Ended		Nine Months Ended
	March 31,		March 31,
(in thousands, except per share data)	2013	2012	2013	2012
________________________________	________	________	________	________
Revenues
Hosted software services	$ 675	$ 635	$ 2,050	$ 1,921
Telehealth products and services	735	129	1,332	255
	________	________	________	________
Total revenues	1,410	764	3,382	2,176
Operating expenses
Cost of revenues	1,004	638	2,521	1,688
Selling, general and administrative	1,778	1,527	5,140	4,605
Product development	273	227	834	644
Depreciation and amortization	213	292	621	740
	________	________	________	________
Total operating expenses	3,268	2,684	9,116	7,677
	________	________	________	________
Operating loss	(1,858)	(1,920)	(5,734)	(5,501)
Other (expense) income, net	(812)	(98)	(2,184)	(96)
	________	________	________	________
Net loss	$ (2,670)	$ (2,018)	$ (7,918)	$ (5,597)
	========	========	========	========
Basic and diluted loss per common share	$ (0.11)	$ (0.08)	$ (0.33)	$ (0.23)
	========	========	========	========
Comprehensive operations
Net loss	$ (2,670)	$ (2,018)	$ (7,918)	$ (5,597)
	________	________	________	________
Comprehensive loss	$ (2,670)	$ (2,018)	$ (7,918)	$ (5,597)
	========	========	========	========

The Department of Veterans Affairs Extends Authentidate’s Home Telehealth Devices and Services Contract

sloonan — Wed, 15 May 2013 13:01:39 +0000

BERKELEY HEIGHTS, NJ
May 15, 2013

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that the Department of Veterans Affairs (VA) has exercised their second option to extend the term of the contract for Home Telehealth Devices and Services with Authentidate. The term of this option year begins May 15, 2013 and extends the contract to May 31, 2014. The base contract also includes two additional one-year options to extend the contract beyond this term. VA facilities throughout the country can utilize Authentidate’s Electronic House Call™ (EHC) vital signs monitoring device and service and its Interactive Voice Response (IVR) system to remotely monitor patients and enhance patient care for Veterans on the Care Coordination Home Telehealth (CCHT) program. The program is designed to improve overall patient health outcomes, reduce hospital readmissions and emergency hospital and doctor visits.

Clinicians use the EHC or the IVR solution to remotely monitor their patients’ vital signs and gather qualitative information about their patients’ health to supplement in-person visits and help improve patient compliance with their care plans. Clinicians can review their patients’ remote monitoring session results securely using Authentidate’s web-based application and remotely manage or adjust their patients’ care plans, medication reminders and related information. Clinicians can also use the web-based application to provide disease-specific education to their patients in real-time through the EHC or IVR solutions.

Ben Benjamin, Chief Executive Officer at Authentidate commented, “We are pleased that the VA has extended the term of our contract and we continue to work closely with the VA to support their efforts to provide the best possible care for our Veterans and their families. We believe that the increasing use of our EHC and IVR solutions at a growing number of VA locations along with this contract extension reflect positively on our progress in the CCHT program. We believe that Authentidate is one of only two vendors contracted to provide IVR in the CCHT program and we are gratified to see the increasing use of our product by the VA. We are proud to provide our services to this important customer and we look forward to serving their needs with our innovative telehealth solutions.”

For more information, visit the company’s website at www.authentidate.com.

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

Authentidate Holding Corp. To Report Fiscal 2013 Third Quarter Financial Results

sloonan — Wed, 08 May 2013 20:02:31 +0000

BERKELEY HEIGHTS, NJ
May 8, 2013

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that it plans to report financial results for the third fiscal quarter ended March 31, 2013 on Wednesday, May 15, 2013, after the close of market trading.

Management will host a conference call on Wednesday, May 15, 2013, at 4:30 p.m. ET, to discuss the latest corporate developments and results. The dial-in number for callers in the U.S. is (877) 869-3847 and the dial in number for international callers is (201) 689-8261.

For more information, visit the company’s website at www.authentidate.com

Authentidate Holding Corp. Announces Conversion of Series C Preferred Stock into Common Stock

sloonan — Fri, 05 Apr 2013 19:31:13 +0000

BERKELEY HEIGHTS, NJ
April 5, 2013

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that at the company’s reconvened Special Meeting of Stockholders held on April 5, 2013, its stockholders approved the automatic conversion of the company’s outstanding shares of Series C 15% Convertible Redeemable Preferred Stock (the “Series C Preferred Stock”). The Series C Preferred Stock converted into an aggregate of 3,551,541 shares of common stock, including 1,051,541 shares of common stock issued in lieu of accrued but unpaid dividends on the Series C Preferred Stock. The shares of common stock issued upon conversion are subject to a six month restriction on transferability as described in the company’s supplement to its proxy statement for the Special Meeting dated March 22, 2013.

Ben Benjamin, Chief Executive Officer of Authentidate, stated, “We appreciate the continued support of our stockholders in voting to convert these securities into common stock. The conversion of these preferred securities strengthens our balance sheet, allows us to conserve resources and helps us to move forward aggressively with our growth plans.”

For more information, visit the company’s website at www.authentidate.com

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

Authentidate Holding Corp. Announces Further Adjournment of Special Meeting of Stockholders

sloonan — Fri, 01 Mar 2013 21:03:00 +0000

BERKELEY HEIGHTS, NJ
March 1, 2013

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that on February 27, 2013 it reconvened its previously adjourned Special Meeting of Stockholders and that the Special Meeting has been further adjourned until 10:00 a.m., local time on April 5, 2013. The Special Meeting on the new adjournment date will be held at the company’s corporate headquarters, located at Connell Corporate Center, 300 Connell Drive, 5th Floor, Berkeley Heights, New Jersey 07922. The record date for stockholders entitled to vote at the Special Meeting remains January 7, 2013.

The meeting is being further adjourned to provide the company with additional time to solicit proxies from its stockholders to establish the requisite quorum for the conduct of business at the Special Meeting of Stockholders. A majority of the company’s shares of common stock outstanding at the close of business on the record date of January 7, 2013 and entitled to vote at the special meeting must be present at the special meeting, either in person or by proxy, to establish a quorum. As of February 27, 2013, approximately 24 percent of the Company’s outstanding common shares have been voted in connection with the proposals to be considered at the special meeting.

The company encourages those stockholders that held shares as of the record date of the Special Meeting to vote their shares on the proposals. If a stockholder has previously submitted its proxy card and does not wish to change its vote, no further action is required by such stockholder. If a stockholder would like to vote or change its vote, please refer to the instructions provided in Authentidate’s proxy statement dated January 16, 2013, which is available at www.sec.gov or at www.cstproxy.com/authentidate/sm2013.

For more information, visit the company’s website at www.authentidate.com

Important Additional Information Filed With The SEC
Authentidate has filed a proxy statement with the Securities and Exchange Commission (the “SEC”) pursuant to which Authentidate’s board of directors is soliciting proxies in connection with seeking stockholder approval of the conversion of its Series C Convertible Redeemable Preferred Stock. Investors and security holders are urged to read the proxy statement and other relevant documents filed with the SEC because they contain important information. Authentidate filed the proxy statement with the SEC on January 16, 2013 and disseminated the proxy statement to its stockholders on or about January 16, 2013. Security holders may obtain a free copy of the proxy statement and other documents filed by Authentidate at the SEC’s web site at http://www.sec.gov. The proxy statement and other documents may also be obtained free of charge by contacting Authentidate at marketinggroup@authentidate.com or by telephone: (908) 787-1700.

Participants In The Solicitation
Authentidate and its executive officers and directors may be deemed to be participants in the solicitation of proxies from its stockholders with respect to the proposal to be considered at the special meeting. Information regarding such executive officers and directors is included in Authentidate’s Annual Report on Form 10-K for the fiscal year ended June 30, 2012, filed with the SEC on September 28, 2012, which is available free of charge at the SEC’s web site at http://www.sec.gov and by contacting Authentidate at the contact information set forth above. Certain executive officers and/or directors of Authentidate may have interests in the transaction that may differ from the interests of Authentidate’s stockholders generally. These interests are described in the proxy statement for the special meeting filed with the SEC.

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

Authentidate Holding Corp. Confirms Adjournment of Special Meeting of Stockholders

sloonan — Tue, 19 Feb 2013 21:05:39 +0000

BERKELEY HEIGHTS, NJ
February 19, 2013

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today confirmed that its special meeting of stockholders scheduled for February 15, 2013 has been adjourned until 10:00 a.m., local time on February 27, 2013. The location of such reconvened special meeting will remain the company’s corporate headquarters, located at Connell Corporate Center, 300 Connell Drive, 5th Floor, Berkeley Heights, New Jersey 07922. The record date for stockholders entitled to vote at the special meeting remains January 7, 2013.

If a stockholder has previously submitted its proxy card and does not wish to change its vote, no further action is required by such stockholder. If a stockholder would like to vote or change its vote, please refer to the instructions provided in Authentidate’s proxy statement dated January 16, 2013, which is available at www.sec.gov or at www.cstproxy.com/authentidate/sm2013.

For more information, visit the company’s website at www.authentidate.com

Important Additional Information Filed With The SEC
Authentidate has filed a proxy statement with the Securities and Exchange Commission (the “SEC”) pursuant to which Authentidate’s board of directors is soliciting proxies in connection with seeking stockholder approval of the conversion of its Series C Convertible Redeemable Preferred Stock. Investors and security holders are urged to read the proxy statement and other relevant documents filed with the SEC because they contain important information. Authentidate filed the proxy statement with the SEC on January 16, 2013 and disseminated the proxy statement to its stockholders on or about January 16, 2013. Security holders may obtain a free copy of the proxy statement and other documents filed by Authentidate at the SEC’s web site at http://www.sec.gov. The proxy statement and other documents may also be obtained free of charge by contacting Authentidate at marketinggroup@authentidate.com or by telephone: (908) 787-1700.

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

Fastrack and Authentidate Develop an Interface to Streamline Care Order Processing and Enable Physician eSignatures

sloonan — Tue, 19 Feb 2013 14:02:50 +0000

BERKELEY HEIGHTS, NJ
February 19, 2013

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations and Fastrack™ Healthcare Systems announced today that they have entered into an agreement to provide ongoing development updates and support for an interface between Authentidate’s Inscrybe® Referral and Order Management solution and the Fastrack™ Enterprise System. The interface automates electronic record transfer between the two systems and has already been successfully implemented at some client locations. Together, these two complimentary solutions form a powerful, fully electronic practice management solution with enhanced workflow capabilities for online referral and order management.

The Inscrybe Referral and Order Management solution is a web-based software service that enables providers and suppliers to process referrals and care orders faster and more accurately than ever before. Physicians can use Inscrybe to exchange, update, complete and electronically sign referrals and care orders quickly and accurately using this solution. Inscrybe also provides electronic fax services so physicians that have not yet converted to electronic records can elect to continue to communicate via fax. The improved workflows provided by Inscrybe have a proven track record of reducing turnaround time, improving completeness and reducing overheads and Days Sales Outstanding (DSO) related to delays in processing patient care documentation required for reimbursement. Inscrybe’s streamlined workflow also improves communications with referring physicians.

Sunil Hazaray, Chief Commercial Officer at Authentidate said, “The interface between Fastrack and Inscrybe can be used to reduce paperwork management for Fastrack clients as well as their referring physicians. Our collaboration with Fastrack opens up new potential for Inscrybe to serve Fastrack clients and referring physicians who can benefit from Inscrybe’s streamlined workflow and eSignature capabilities.”

The Fastrack Enterprise System is designed for Home Healthcare Agencies (HHA), Infusion Pharmacy and Durable Medical Equipment (DME) companies. It is built on an industry-leading architecture that allows quick adaptation to new technologies and easy integration to external applications for effective information exchange. Fastrack automates virtually every aspect of business for HHA, Infusion Pharmacy and DME companies.

Spencer Kay, President at Fastrack said, “I believe that the Inscrybe interface provides significant value-add for our Fastrack clients to help them eliminate paperwork and improve their DSO. Fastrack is also a viable alternative for many Inscrybe clients who may want to upgrade their older enterprise management system and still retain the advanced features provided by Inscrybe.”

About Fastrack Healthcare Systems, Inc.
Fastrack is a leading supplier of software and technology to Home Medical Equipment providers, Durable Medical Equipment, Respiratory Providers, Home Infusion Pharmacies & Home Healthcare Agencies. Fastrack offers a solution for each individual segment of homecare as well as one system encompassing virtually every clinical, operational and financial aspect of a provider’s business, automating several or all of these product/service lines within one integrated Microsoft SQL database.

For more information, contact Fastrack Healthcare Systems at 1-800-520-2325, info@fastrk.com or www.onlyfastrack.com

For more information, contact Authentidate Holding Corp. at 1-877-467-2792, marketinggroup@authentidate.com or www.authentidate.com

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

Authentidate Holding Corp. Reports Fiscal 2013 Second Quarter Results

sloonan — Thu, 14 Feb 2013 21:02:38 +0000

BERKELEY HEIGHTS, NJ
February 14, 2013

Selected highlights for the second quarter include:

Increased revenues for the quarter by approximately 59% compared to the same period in the prior year, reflecting growth from both our telehealth products and services and our hosted software services.
Completed the required test-in phase with the Department of Veterans Affairs (VA) for our Interactive Voice Response (IVR) vital signs monitoring solution for use with the VA’s weight management protocol (TeleMOVE) and the VA approved the use of the IVR solution for TeleMove by VA facilities throughout the country.
Announced the addition of NBN Group as a new customer for our Inscrybe® Referral Management solution.
Added Charles C. Lucas III to our board of directors and expanded the size of the board to six members. Mr. Lucas is currently the general counsel of Elevation LLC, an institutional broker-dealer, and is active in numerous civic and philanthropic organizations, including serving as a Trustee of The Duke Endowment and as Chairman of the Board of Trustees of the University of North Carolina School of the Arts.

Following the end of the quarter, the company announced that it had completed the integration and required testing of the interface between its telehealth solutions and the VA’s VistA Electronic Health Records system and that the VA had approved the interface for use in its national telehealth program. The interface to VistA is designed to make it faster and easier for clinicians to enroll patients, manage patient care plans and update patient information in the VistA system. The company also announced that the VA had approved a number of new Disease Management Protocols (DMPs) over the past few months for both of our telehealth solutions which continues to make these solutions available to a larger patient population at the VA. As part of our focus on expanding our addressable markets, the company announced its plans to introduce a mobile telehealth tablet and a telehealth software application in February 2013 to complement our present telehealth products and services and provide for a broader range of price points and patient segments that can benefit from telehealth. The new products are designed to address the growing need for mobility in the telehealth marketplace as well as the needs of healthcare providers looking for ways to reduce patient care costs and the high hospital readmission rate of patients with chronic illnesses. In connection with our expense and cash management activities, the company changed its compensation modification program to further reduce employee compensation, converted all director compensation to non-cash equity based grants and reduced certain other operating expenses beginning in January 2013.

Ben Benjamin, Chief Executive Officer of Authentidate, stated “We have continued to make solid progress with our core products and services as evidenced by the increase in our revenues for the quarter and year-to-date periods. In the telehealth area we remain focused primarily on increasing the number of products and services we provide to the VA and we believe the VistA interface and additional DMPs approved by the VA will help us to further accelerate the pace of our revenue growth from this project. The new telehealth products and services we are introducing are designed to serve a rapidly growing segment of the patient population that can benefit from a flexible, mobile patient monitoring solution. Along with our current telehealth products and services, we believe these new solutions are consistent with on-going industry and government efforts to reduce healthcare costs and expand the use of telehealth solutions in the delivery of patient care. As the telehealth market develops, we believe we are well positioned for significant future growth and profitability and we plan to continue to offer innovative solutions to serve these emerging market needs. With respect to our other solutions, we have added new customer projects during the period and continue to focus primarily on increasing the utilization of our services by existing customers, adding additional partner relationships to expand our reach and pursuing opportunities to combine our products and services to support emerging market needs for post acute continuum of care solutions.”

Mr. Benjamin concluded, “We are excited about our future prospects and believe that the company will benefit from healthcare industry trends and government reforms focused on reducing costs, shortening the length of hospital stays, reducing hospital readmissions and shifting patient care towards wellness and preventative care programs. We also believe the proposed bill before Congress to expand the use of telemedicine and increase Medicare and Medicaid coverage for such services, referred to as The Telehealth Promotion Act, will, if enacted, accelerate the pace of growth for this market and significantly expand the market opportunity for telehealth solutions. Although economic conditions remain challenging and our revenue growth has been slower than we would like, we are seeing increased interest in our products and services and our revenues are moving in the right direction. Moving forward, we have implemented some additional cost savings measures to manage operating expenses and we believe the pace of our revenue growth will improve significantly as we execute on our growth plans. I am looking forward to updating shareholders in the coming months as opportunities in our market continue to develop.”

Revenues for the quarter ended December 31, 2012 were approximately $1,051,000 compared to $661,000 for the prior year period. These results reflect an increase in revenues from both our telehealth products and services and our hosted software services. Revenues for the second quarter increased approximately 14% compared to the first quarter of fiscal 2013 due to higher revenues for both our telehealth products and services and our hosted software services.

Net loss for the quarter ended December 31, 2012 was $2,733,000, or $0.11 per share, compared to $1,664,000, or $0.07 per share, for the prior year period. The increase in net loss for the quarter is due primarily to the non-cash amortization of the debt discount on the company’s senior secured notes and acquired licenses and higher selling, support, product development and stock compensation expenses. The prior year period also reflects a payroll tax credit which lowered expenses for the prior year quarter. Revenues for the six months ended December 31, 2012 were approximately $1,972,000 compared to $1,412,000 for the prior year period. The increase in revenues for the period reflects the same trends as the second quarter.

Net loss for the six months ended December 31, 2012 was $5,248,000, or $0.22 per share, compared to $3,579,000, or $0.15 per share, for the prior year period. The increase in net loss for the period reflects the same trends as the second quarter.

As of December 31, 2012, cash, cash equivalents and marketable securities amounted to approximately $2,114,000 and the company had working capital of approximately $266,000.

Conference Call Details
Management will host a conference call on Thursday, February 14, 2013, at 4:30 p.m. ET, to discuss the latest corporate developments and results. The dial-in number for callers in the U.S. is (877) 869-3847 and the dial in number for international callers is (201) 689-8261.

A dial-in replay of the call will be available through February 28, 2013. To access the replay, please dial (877) 660-6853 in the U.S. and (201) 612-7415 internationally, and then enter the conference ID # 408892.

For more information, visit the company’s website at www.authentidate.com

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

- Tables follow -

Authentidate Holding Corp. and Subsidiaries
Condensed Consolidated Balance Sheet Data

	December 31
	2012	June 30,
( in thousands, except per share data )	(Unaudited)	2012
________________________________________________	__________	__________
Assets
Current Assets
Cash and cash equivalents	$ 1,904	$ 2,036
Restricted cash	256	256
Marketable securities	210	210
Accounts receivable, net	544	645
Inventory	4,544	4,016
Prepaid expenses and other current assets	1,071	1,286
	__________	__________
Total current assets	8,529	8,449
Property and equipment, net	833	917
Other assets
Software development costs, net	86	171
Licenses, net	2,076	2,196
Other assets	1,095	1,128
	__________	__________
Total assets	$ 12,619	$ 12,861
	==========	==========

Liabilities, Redeemable Preferred Stock and Shareholders’ Equity
Current liabilities
Accounts payable, accrued expenses and other liabilities	$ 3,526	$ 3,547
Senior secured notes, net of unamortized discount	4,635	-
Deferred revenue	102	100
	__________	__________
Total current liabilities	8,263	3,647
Senior secured notes, net of unamortized discount	-	2,866
Long-term deferred revenue	269	281
	__________	__________
Total liabilities	8,532	6,794
	__________	__________
Commitments and contingencies
Redeemable preferred stock	3,455	3,254
Shareholders’ equity
Common stock, $.001 par value; 100,000 shares authorized,
27,047 and 26,999 issued and outstanding on December 31,
and June 30, 2012, respectively	27	27
Additional paid-in capital	183,193	179,890
Accumulated deficit	(182,588)	(177,104)
	__________	__________
Total shareholders’ equity	632	2,813
	__________	__________
Total liabilities, redeemable preferred stock and
shareholders’ equity	$ 12,619	$ 12,861
	==========	==========

Authentidate Holding Corp. and Subsidiaries
Condensed Consolidated Statement of Operations and Comprehensive Operations Data
(Unaudited)

	Three Months Ended		Six Months Ended
	December 31,		December 31,
(in thousands, except per share data)	2012	2011	2012	2011
______________________________	_______	_______	_______	_______
Revenues
Hosted software services	$ 708	$ 649	$ 1,375	$ 1,286
Telehealth products and services	343	12	597	126
	_______	_______	_______	_______
Total revenues	1,051	661	1,972	1,412
Operating expenses
Cost of revenues	817	502	1,517	1,050
Selling, general and administrative	1,626	1,385	3,362	3,078
Product development	313	209	561	417
Depreciation and amortization	204	231	408	448
	_______	_______	_______	_______
Total operating expenses	2,960	2,327	5,848	4,993
	_______	_______	_______	_______
Operating loss	(1,909)	(1,666)	(3,876)	(3,581)
Other (expense) income, net	(824)	2	(1,372)	2
	_______	_______	_______	_______
Net loss	$ (2,733)	$ (1,664)	$(5,248)	$(3,579)
	=======	=======	=======	=======
Basic and diluted loss per common share	$ (0.11)	$ (0.07)	$ (0.22)	$ (0.15)
	=======	=======	=======	=======
Comprehensive operations
Net loss	$ (2,733)	$ (1,664)	$ (5,248)	$ (3,579)
	_______	_______	_______	_______
Comprehensive loss	$ (2,733)	$ (1,664)	$ (5,248)	$ (3,579)
	=======	=======	=======	=======

Authentidate Holding Corp. Intends to Adjourn Special Meeting of Stockholders

sloonan — Wed, 13 Feb 2013 21:32:05 +0000

BERKELEY HEIGHTS, NJ
February 13, 2013

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that it intends to adjourn its special meeting of stockholders scheduled for 10:00 a.m. local time on February 15, 2013 without conducting any business, and to reconvene the special meeting at 10:00 a.m., local time on February 27, 2013. The location of such reconvened special meeting will remain the company’s corporate headquarters, located at Connell Corporate Center, 300 Connell Drive, 5th Floor, Berkeley Heights, New Jersey 07922. The record date for stockholders entitled to vote at the special meeting remains January 7, 2013.

The company’s special meeting was called to seek stockholder approval for the conversion of the company’s Series C Convertible Redeemable Preferred Stock into shares of common stock. The company received a letter dated February 6, 2013 from Lazarus Investment Partners, LLLP, concerning, among other matters, their position with respect to the company’s financing alternatives and for certain changes in Authentidate’s board of directors and management. Lazarus Investment Partners, LLLP, holds 40% of the Series C Convertible Redeemable Preferred Stock and approximately 23.8% of the company’s common stock as of the record date for the special meeting. The company’s board is considering the letter and has commenced discussions with Lazarus Investment Partners, LLLP concerning its substance. As certain of the proposals included in the letter received from Lazarus Investment Partners, LLLP could impact the proposal (Proposal No. 1 on the company’s definitive proxy statement dated January 16, 2013) to be considered by the company’s common stockholders at the special meeting, Authentidate intends to adjourn the meeting in order to allow it additional time to consider its response.

Further, the company believes that it will not obtain a quorum to convene the special meeting. The company has been advised by its transfer agent that as of February 12, 2013, approximately 21 percent of its outstanding common shares have been voted in connection with the proposal to be considered at the special meeting. A quorum of a majority of the shares of common stock outstanding and entitled to vote at the special meeting is required to conduct business at the meeting.

For more information, visit the company’s website at www.authentidate.com Important Additional Information Filed With The SEC

Authentidate has filed a proxy statement with the Securities and Exchange Commission (the “SEC”) pursuant to which Authentidate’s board of directors is soliciting proxies in connection with seeking stockholder approval of the conversion of its Series C Convertible Redeemable Preferred Stock. Investors and security holders are urged to read the proxy statement and other relevant documents filed with the SEC because they contain important information. Authentidate filed the proxy statement with the SEC on January 16, 2013 and disseminated the proxy statement to its stockholders on or about January 16, 2013. Security holders may obtain a free copy of the proxy statement and other documents filed by Authentidate at the SEC’s web site at http://www.sec.gov. The proxy statement and other documents may also be obtained free of charge by contacting Authentidate at marketinggroup@authentidate.com or by telephone: (908) 787-1700.

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

Authentidate Announces its Support for Proposed Telehealth Legislation Extending Benefits to Nearly 75 Million Americans

sloonan — Thu, 07 Feb 2013 14:02:11 +0000

BERKELEY HEIGHTS, NJ
February 7, 2013

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced its support for a proposed bill, recently introduced in Congress that provides for the use of telehealth solutions as an alternative to in-person healthcare services, including the delivery of patient care by physicians using telehealth solutions across state borders.

Recently, Rep. Mike Thompson (D-Calif.) introduced a comprehensive bill to improve Medicare and Medicaid coverage for telehealth products and services. Thompson’s proposed bill, H.R. 6719, called The Telehealth Promotion Act, would establish a federal reimbursement policy to ensure that no medical benefits are excluded as a result of being furnished over a telecommunications system. This bill removes prior restrictions on the use of telehealth solutions in place of in-person care and provides for reimbursement from Medicare and Medicaid for such solutions. This bill is currently pending in the relevant committees of the U.S. House of Representatives. If passed, the bill is expected to increase access to telemedicine for patients covered by Federal health care programs like Medicare and Medicaid, which represents nearly 75 million Americans.

Included in the proposed bill are several new provisions that encourage the use of telehealth solutions due to their expected benefits, including improved patient outcomes and reduced patient care costs. One of the new provisions allows physicians to practice medicine using telehealth products and services across state lines without having to be licensed in both states, which is estimated as costing physicians approximately $300 million per year, according to the American Telemedicine Association (ATA). The bill also includes a provision that calls for positive incentives for hospitals that reduce readmissions. Authentidate’s telehealth products and services have been designed to enable clinicians to manage patients regardless of their location, to help clinicians reduce emergency readmissions by keeping patients compliant with their clinician-managed care plans and to help improve patient outcomes.

Ben Benjamin, Chief Executive Officer of Authentidate, stated, “This is an important piece of proposed legislation that promotes the use of innovative, cost-effective technologies in the provision of quality healthcare. It represents a real opportunity to help contain healthcare costs without sacrificing the quality healthcare services that Americans have come to expect from their healthcare providers. We appreciate that Congressman Mike Thompson has introduced this new legislation and for his persistent efforts with regard to the practical expansion of the use of telehealth solutions to a much broader patient population. As a leading telehealth solutions provider, we are pleased to express our full support for this legislation and we see it as a reasonable and cost-effective path toward improving our healthcare system.”

For more information, visit the company’s website at www.authentidate.com.

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

Authentidate Holding Corp. to Report Fiscal 2013 Second Quarter Financial Results

sloonan — Wed, 06 Feb 2013 16:02:20 +0000

BERKELEY HEIGHTS, NJ
February 6, 2013

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that it plans to report financial results for the second fiscal quarter ended December 31, 2012 on Thursday, February 14, 2013, after the close of market trading.

Management will host a conference call on Thursday, February 14, 2013, at 4:30 p.m. ET, to discuss the latest corporate developments and results. The dial-in number for callers in the U.S. is (877) 869-3847 and the dial in number for international callers is (201) 689-8261.

For more information, visit the company’s website at www.authentidate.com

The Department of Veterans Affairs Approves the Integration of Authentidate’s Telehealth Solutions with its VistA Health Records System

sloonan — Thu, 31 Jan 2013 14:05:28 +0000

BERKELEY HEIGHTS, NJ
January 31, 2013

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that it has completed the integration and required testing of the interface between its Electronic House Call (EHC) and Interactive Voice Response (IVR) telehealth solutions and the Department of Veterans Affairs’ (VA) VistA Electronic Health Records system. The VA has approved the integration of both solutions with the VistA system which is expected to enable the VA to reduce the time for patient enrollment on Authentidate’s EHC and IVR solutions as well as the flow of patient data back to the VistA system.

Sunil Hazaray, Chief Commercial Officer at Authentidate said, “This is another important development for our VA telehealth project as we work closely with the VA to meet their needs. The new interface to VistA is designed to make it faster and easier for Clinicians to enroll patients, manage patient care plans and get patient results back into the VistA electronic medical records system. We have also received approval for a number of new Disease Management Protocols (DMPs) over the past few months for both our EHC and IVR solutions which continues to make our solutions available to a larger patient population at the VA. We believe the new interface and DMPs will help us to accelerate the adoption of our EHC and IVR solutions throughout the VA and we remain committed to providing the best possible solutions for our veterans.”

Authentidate is an approved vendor for the EHC and IVR telehealth solutions in the VA’s national home telehealth program. VA clinicians use Authentidate’s telehealth solutions to remotely monitor their patients’ vital signs and gather qualitative information about their patients’ health to supplement in-person visits and help improve patient compliance with their care plans.

Clinicians can review their patients’ remote monitoring session results securely using Authentidate’s web-based application and remotely manage or adjust their patients’ care plans, medication reminders and related information. Clinicians can also use the web-based application to provide disease-specific education to their patients in real-time through the EHC or the IVR solutions.

EHC’s large color touch-screen is designed for simplicity and ease-of-use and Clinicians can easily switch their patients between the EHC and IVR solutions if the patient is travelling or has to go back to a short- or long-term rehabilitation care unit. Because all of the information is retained on the same web-based application, there is no break in continuity of care for those veterans that need to switch between solutions. The IVR solution also provides a flexible, mobile alternative for those patients with conditions that do not require a home-based EHC unit.

For more information, visit the company’s website at www.authentidate.com

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

Authentidate to Introduce Additional Next Generation Telehealth Solutions

sloonan — Wed, 23 Jan 2013 14:05:49 +0000

Products Designed to Provide Significant Technical Advantages and Cost Savings

BERKELEY HEIGHTS, NJ
January 23, 2013

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that it plans to introduce a mobile telehealth tablet and a telehealth software application (App) designed to address the needs of the growing mobile telehealth markets. The company estimates that the market for remote patient monitoring solutions will grow to approximately $7 billion this year due to the impact of new programs designed to reduce patient care costs and the high hospital readmission rate of patients with chronic illnesses.

“Our new mobile telehealth tablet and our telehealth App for user-supplied tablets or smart phones are both exciting new products that are designed to address the needs of mobility in the telehealth marketplace. Mobile patients (patients that are not home-bound) represent a rapidly growing segment of the patient population that can benefit from a remote patient monitoring program. Patients will be able to use the telehealth tablet or install the telehealth App on their own mobile device.

These new telehealth products will complement our present offerings, and provide for a broader range of price points and patient segments that can benefit from telehealth. The ease of adapting these next generation products to existing standard interfaces in tablets and smart phones should also make them more readily available to international markets. These new products are consistent with efforts to reduce the cost of healthcare and are aligned with Federal government efforts to broaden reimbursements for Telemedicine. The commercial availability of these new mobile telehealth products is scheduled for launch in February 2013, following the completion of our testing and quality assurance procedures,” said Gavin Stewart, Vice President of Business Development at Authentidate.

Some of the advantages of Authentidate’s new mobile telehealth products are:

Smaller and Lighter for Patient Mobility
Built-in Bluetooth Connectivity for Vital Sign Peripherals
Built-In Cellular Data Communications
Built-In Live Video and Audio Chat Capabilities

All Authentidate telehealth products and services are designed to reduce hospital readmissions and emergency visits by keeping patients with chronic illnesses on their care plans, managed and monitored by their healthcare providers. These new products communicate automatically with Authentidate’s robust web-based telehealth management software application.

Healthcare providers review and manage their own patients using a secure web interface anywhere they have an Internet connection. With our telehealth solutions, healthcare providers review patients’ vital signs, answers to qualitative questions and trend reports that help assess progress. Through the same web interface, they can communicate with patients, provide educational videos or other disease-specific content and set automated reminders to help their patients stay on the path to improved health. The web application automatically sends alerts to the healthcare provider any time their patients’ results are outside of pre-set ranges, to help avoid in-person visits. With our remote patient monitoring solutions, patients are more connected to their healthcare providers, which can enhance their ability to maintain a healthier lifestyle and experience increased independence and improved quality of life.

For more information, visit the company’s website at www.authentidate.com

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.

Authentidate Holding Corp. Presenting At The Fifth Annual LD Micro Conference

sloonan — Mon, 03 Dec 2012 14:04:43 +0000

BERKELEY HEIGHTS, NJ
December 3, 2012

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that O’Connell Benjamin, the company’s CEO and President, will be presenting at the fifth annual LD Micro Conference, Track 4 on December 6, 2012, at 2:00 pm. The conference is being held December 5th and 6th at the Luxe Sunset Boulevard Hotel in Los Angeles.

A copy of the company’s presentation will be made available on December 6, 2012 in the Investor Relations section of the Authentidate website at www.authentidate.com/investors

For more information about the fifth annual LD Micro Conference, visit the LD Micro website at www.ldmicro.com/companies/adat

About Authentidate Holding Corp.

Authentidate Holding Corp. is a provider of secure web-based software applications and telehealth products and services that enable healthcare organizations to coordinate care for patients and enhance related administrative and clinical workflows. Authentidate’s products and services enable healthcare organizations to increase revenues, reduce costs and enhance patient care by eliminating paper and manual work steps from clinical and administrative processes. Authentidate’s telehealth solutions combine Electronic House Call, an FDA 510(k) cleared in-home patient vital signs monitoring system, or the Interactive Voice Response system with a web application that streamlines patient monitoring. Delivered as Software as a Service (SaaS), customers only require an Internet connection and web browser to access our web-based applications thereby utilizing previous investments in systems and technology. The company’s healthcare customers and users include leading homecare companies, health systems, physician groups and governmental entities. These organizations utilize the company’s products and services to coordinate care for patients outside of acute-care.

For more information, visit the company’s website at www.authentidate.com

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. ExpressMD is a trademark of our subsidiary ExpressMD Solutions, LLC. All other trade names are the property of their respective owners.

Authentidate Holding Corp. Reports Fiscal 2013 First Quarter Results

sloonan — Wed, 14 Nov 2012 21:05:32 +0000

BERKELEY HEIGHTS, NJ
November 14, 2012

Increased revenues for the quarter compared to the same period in the prior year for both our telehealth products and services and our hosted software services.
Completed the required test-in phase with the U.S. Department of Veterans Affairs (VA) for our Electronic House Call™ (EHC) telehealth solution and the VA approved the use of our EHC products and services by VA facilities throughout the country in their national Care Coordination Home Telehealth program.
Announced that CentraState Healthcare System had selected the Inscrybe® Hospital Discharge solution to automate and streamline its patient discharge processes.
Completed a $3.3 million secured loan financing in September 2012 with certain accredited investors, including certain directors, officers and significant shareholders of the company, and extended the maturity date of our existing secured notes so they mature at the end of October 2013 along with the new notes.

Following the end of the first quarter, the company announced that the VA had completed the required test-in phase for our Interactive Voice Response (IVR) vital signs monitoring solution for use with the VA’s weight management protocol (TeleMOVE) and had given its approval for VA facilities throughout the country to order and use the IVR solution for TeleMOVE patients. VA facilities can use the IVR solution on a stand-alone basis or in combination with the EHC device to help monitor patients that require a flexible, mobile solution to manage their weight according to VA TeleMOVE care program guidelines. The IVR solution uses the same web service as the EHC solution and provides VA Clinicians with an additional way to remotely monitor their mobile patients and enhance patient care in their national Care Coordination Home Telehealth program. Other Disease Management Protocols for the IVR solution are currently being pilot tested and should be approved for national deployment in the near future.

Ben Benjamin, Chief Executive Officer of Authentidate, stated, “We are off to a good start in fiscal 2013 with all of our core products and services. Since the beginning of the fiscal year, the VA has granted approvals for national deployment for both our EHC and IVR telehealth solutions and we have made progress with new and existing customers for our hospital discharge and referral management solutions. During the quarter we also made several enhancements to our telehealth products and services to lower costs and better position the company for growth and profitability. As healthcare providers embrace information technology to control costs, coordinate patient care and comply with regulatory reforms, we are seeing an increasing interest in all of our products and services. Our ability to combine two or more of our solutions to meet customer needs to coordinate cost-effective post-acute care for patients differentiates our offerings and positions us well to help healthcare organizations meet emerging market needs. During fiscal 2013 we plan to focus primarily on ramping up the number of EHC and IVR products and services we provide to the VA, adding new customers and partner relationships for our hospital discharge solution and increasing the utilization of our referral management services by our existing customers. We also plan to actively pursue opportunities to provide our telehealth solutions to our existing commercial customer base as well as other private sector telehealth opportunities as this market develops. We believe we have a significant opportunity to grow our revenues during fiscal 2013 and beyond as we move to the growth stage of our telehealth project with the VA and we pursue private sector opportunities for growth from our telehealth, hospital discharge and referral management products and services.”

Mr. Benjamin concluded, “Although economic conditions remain challenging, we believe we are very well positioned for growth and profitability as healthcare organizations look for ways to address market trends and regulatory reforms. Our revenues are moving in the right direction and we believe the pace of our revenue growth will improve significantly as we execute on our growth plans for our VA telehealth project and our other products and services. We appreciate the support of the investors in our recent secured loan transactions as the proceeds and the extension of the maturity date on our existing notes will help support our growth plans. We believe we have a significant opportunity ahead of us and we are excited about the future for our company. We will update our shareholders as opportunities in our market develop.”

Revenues for the quarter ended September 30, 2012 were approximately $921,000 compared to $751,000 for the prior year period. These results reflect an increase in revenues from both our telehealth products and services and our hosted software services. Revenues for the first quarter decreased slightly compared to the fourth quarter of fiscal 2012 due primarily to the timing of telehealth product shipments.

Net loss for the quarter ended September 30, 2012 was $2,515,000, or $0.11 per share, compared to $1,915,000, or $0.09 per share, for the prior year period. The increase in net loss for the quarter is due primarily to the non-cash amortization of the debt discount on the company’s senior secured notes payable and higher selling, support and stock compensation expenses.

At September 30, 2012, cash, cash equivalents and marketable securities amounted to approximately $3,652,000 and the company had working capital of approximately $6,347,000.

About Authentidate Holding Corp.
Authentidate Holding Corp. is a provider of secure web-based software applications and telehealth products and services that enable healthcare organizations to coordinate care for patients and enhance related administrative and clinical workflows. Authentidate’s products and services enable healthcare organizations to increase revenues, reduce costs and enhance patient care by eliminating paper and manual work steps from clinical and administrative processes. Authentidate’s telehealth solutions combine Electronic House Call, an FDA 510(k) cleared in-home patient vital signs monitoring system, or the Interactive Voice Response system with a web application that streamlines patient monitoring. Delivered as Software as a Service (SaaS), customers only require an Internet connection and web browser to access our web-based applications thereby utilizing previous investments in systems and technology. The company’s healthcare customers and users include leading homecare companies, health systems, physician groups and governmental entities. These organizations utilize the company’s products and services to coordinate care for patients outside of acute-care.

For more information, visit the company’s website at www.authentidate.com

- Tables to Follow -

Authentidate Holding Corp. and Subsidiaries
Condensed Consolidated Balance Sheet Data

	September 30,
	2012	June 30,
( in thousands, except per share data )	(Unaudited)	2012
__________________________________________________________	__________	__________

Assets
Current Assets
Cash and cash equivalents	$ 3,442	$ 2,036
Restricted cash	256	256
Marketable securities	210	210
Accounts receivable, net	647	645
Inventory	4,045	4,016
Prepaid expenses and other current assets	1,368	1,286
	__________	__________
Total current assets	9,968	8,449
Property and equipment, net	917	917
Other assets
Software development costs, net	129	171
Licenses, net	2,137	2,196
Other assets	1,110	1,128
	__________	__________
Total assets	$ 14,261	$ 12,861
	==========	==========

Liabilities, Redeemable Preferred Stock and Shareholders’ Equity
Current liabilities
Accounts payable, accrued expenses and other liabilities	$ 3,495	$ 3,547
Deferred revenue	126	100
	__________	__________
Total current liabilities	3,621	3,647
Senior secured notes, net of unamortized discount	3,820	2,866
Long-term deferred revenue	276	281
	__________	__________
Total liabilities	7,717	6,794
	__________	__________
Commitments and contingencies
Redeemable preferred stock	3,354	3,254
Shareholders’ equity
Common stock, $.001 par value; 100,000 shares authorized, 27,026
and 26,999 issued and outstanding on September 30, and June 30, 2012, respectively	27	27
Additional paid-in capital	182,900	179,890
Accumulated deficit	(179,737)	(177,104)
	__________	__________
Total shareholders’ equity	3,190	2,813
	__________	__________
Total liabilities, redeemable preferred stock and shareholders’ equity	$ 14,261	$ 12,861
	==========	==========

Authentidate Holding Corp. and Subsidiaries

Condensed Consolidated Statement of Operations and Comprehensive Operations Data

(Unaudited)

	Three Months Ended
	September 30,
(in thousands, except per share data)	2012	2011
_______________________________	________	________
Revenues
Hosted software services	$ 667	$ 637
Telehealth products and services	254	114
	________	________
Total revenues	921	751
Operating expenses
Cost of revenues	700	548
Selling, general and administrative	1,736	1,693
Product development	248	208
Depreciation and amortization	204	217
	________	________
Total operating expenses	2,888	2,666
	________	________
Operating loss	(1,967)	(1,915)
Other (expense) income, net	(548)	-
	________	________
Net loss	$ (2,515)	$ (1,915)
	=========	=========
Basic and diluted loss per common share	$ (0.11)	$ (0.09)
	=========	=========
Comprehensive operations
Net loss	$ (2,515)	$ (1,915)
	________	________
Comprehensive loss	$ (2,515)	$ (1,915)
	=========	=========

NBN Group Chooses the Inscrybe Referral Management Solution to Improve Efficiency and Reduce Care Order Processing Time

sloonan — Mon, 12 Nov 2012 14:04:04 +0000

BERKELEY HEIGHTS, NJ
November 12, 2012

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that NBN Group (NBN) has chosen Authentidate’s Inscrybe® Referral Management solution to help improve the efficiency of its care order processing, reduce processing time and improve communications with physicians. NBN will use the Inscrybe web-based application to securely process care orders from referring physicians electronically (care plans, physician orders, and other orders). Inscrybe also provides electronic signing capabilities to those physicians using the secure online web application to approve care orders. NBN has also contracted to interface Inscrybe with their CPR+ billing system to transfer medical and billing information electronically between the two applications.

“We chose Inscrybe for its proven ability to reduce overhead costs in administering care order processing while enhancing communications and providing time and cost saving tools to our key referring physicians. The interface with CPR+ is an added benefit and an efficiency boost for our team,” said Joe Boettcher, General Manager at NBN.

The Inscrybe Referral Management solution is a secure web-based software service that enables providers and suppliers to process referrals and care orders faster and more accurately than ever before. Users can exchange, update, complete and electronically sign referrals and care orders quickly and accurately using this solution.

Marcus Wagstaff, Director of Sales, Northeast Region at Authentidate said, “The NBN Group is a leading provider of high quality home medical services and supplies in Delaware, New Jersey and Pennsylvania. We are delighted to support their strategic objectives to reduce costs and better serve their referring physicians through the use of Inscrybe Healthcare.”

About NBN Group
The NBN Group is dedicated to delivering world class comprehensive homecare services. NBN offers integrated services including skilled nursing, respiratory equipment and therapists, pharmacy and infusion services, and behavioral programs. NBN believes that by having all homecare services originate from one company, superior coordination of care is provided and ultimately better patient outcomes are achieved. NBN provides homecare services to patients in Delaware, Southern and Western New Jersey, and the five counties surrounding Philadelphia, Pennsylvania from their headquarters in Cherry Hill, New Jersey.

For more information visit their website at www.nbngroup.com

About Authentidate Holding Corp.
Authentidate Holding Corp. is a provider of secure web-based software applications and telehealth products and services that enable healthcare organizations to coordinate care for patients and enhance related administrative and clinical workflows. Authentidate’s products and services enable healthcare organizations to increase revenues, reduce costs and enhance patient care by eliminating paper and manual work steps from clinical and administrative processes. Authentidate’s telehealth solutions combine Electronic House Call, an FDA 510(k) cleared in-home patient vital signs monitoring system, or the Interactive Voice Response system with a web application that streamlines patient monitoring. Delivered as Software as a Service (SaaS), customers only require an Internet connection and web browser to access our web-based applications thereby utilizing previous investments in systems and technology. The company’s healthcare customers and users include leading homecare companies, health systems, physician groups and governmental entities. These organizations utilize the company’s products and services to coordinate care for patients outside of acute-care.

For more information, visit the company’s website at www.authentidate.com

The Department of Veterans Affairs Approves National Deployment of Authentidate’s Interactive Voice Response Solution for Weight Management

sloonan — Tue, 23 Oct 2012 13:03:35 +0000

BERKELEY HEIGHTS, NJ
October 23, 2012

Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that the Department of Veterans Affairs (VA) has successfully completed the test-in phase for Authentidate’s Interactive Voice Response (IVR) vital signs monitoring solution and web service for use with the VA’s weight management protocol (TeleMOVE). The VA has given its approval for VA facilities throughout the country to order and use the IVR solution for TeleMOVE patients. VA facilities can use the IVR solution on a stand-alone basis or in combination with Authentidate’s Electronic House Call™ (EHC) device to help patients that require a flexible, mobile solution to manage their weight according to VA TeleMOVE care program guidelines. The IVR solution provides VA Clinicians with an additional way to remotely monitor their mobile patients and enhance patient care in their national Care Coordination Home Telehealth program. As a new vendor to the VA, Authentidate was required to test its IVR solution in a limited deployment, before a national rollout, to ensure VA implementation criteria was met. A summary of Authentidate’s telehealth program status with the VA for its IVR solution is as follows:

The VA tested the IVR solution using the most current VA approved Disease Management Protocol (DMP) for weight management (TeleMOVE) in a pilot program in several field locations and approved the IVR solution with TeleMOVE for VA field deployment and use in their national telehealth program throughout the United States and its territories.
Additional DMPs for the IVR solution are currently undergoing pilot testing and are being refined by the VA. These DMPs will be deployed for the VA’s national telehealth program as they become available.
Both the IVR solution and the EHC solution use the same web service and can be used with all the peripherals presently used in the VA telehealth program which allows patients to be monitored using both solutions or to be easily switched between the EHC and the IVR solutions as their conditions or travel requirements change.

Clinicians use the IVR solution to remotely monitor their patients’ vital signs and gather qualitative information about their patients’ health to supplement in-person visits and help improve patient compliance with their care plans. Clinicians can review their patients’ remote monitoring session results securely using Authentidate’s web-based application and remotely manage or adjust their patients’ care plans, medication reminders and related information. Clinicians can also use the web-based application to provide disease-specific education to their patients in real-time through the IVR solution.

Clinicians can easily switch their patients between the EHC and IVR solutions if the patient is travelling or has to go back to a short- or long-term rehabilitation care unit. The IVR solution provides a flexible, mobile alternative for those patients who have to travel for a period of time without their EHC home-based unit. Because all of the information is retained on the same web-based application, there is no break in continuity of care for those veterans switching between solutions.

Gavin Stewart, Vice President Business Development at Authentidate said, “Authentidate is very pleased that the VA has approved the national rollout of our IVR solution with TeleMOVE. We believe that the other DMPs which are currently being pilot tested will be approved for national deployment in the near future and that our IVR solution provides a significant growth opportunity for our company. We continue to work closely with the VA to provide cost-effective solutions to help support their efforts to deliver the best health care for our veterans.”

About Authentidate Holding Corp.
Authentidate Holding Corp. is a provider of secure web-based software applications and telehealth products and services that enable healthcare organizations to coordinate care for patients and enhance related administrative and clinical workflows. Authentidate’s products and services enable healthcare organizations to increase revenues, reduce costs and enhance patient care by eliminating paper and manual work steps from clinical and administrative processes. Authentidate’s telehealth solutions combine Electronic House Call, an FDA 510(k) cleared in-home patient vital signs monitoring system, or the Interactive Voice Response system with a web application that streamlines patient monitoring. Delivered as Software as a Service (SaaS), customers only require an Internet connection and web browser to access our web-based applications thereby utilizing previous investments in systems and technology. The company’s healthcare customers and users include leading homecare companies, health systems, physician groups and governmental entities. These organizations utilize the company’s products and services to coordinate care for patients outside of acute-care.

For more information, visit the company’s website at www.authentidate.com

Authentidate Holding Corp. Reports Fiscal 2012 Fourth Quarter and Year End Results

sloonan — Fri, 28 Sep 2012 20:05:51 +0000

- Management to conduct conference call on October 10, 2012 at 4:30 pm ET -

BERKELEY HEIGHTS, NJ
September 28, 2012

Selected highlights for fiscal year 2012 include:

Increased revenues for the quarter and fiscal year periods compared to the same periods in the prior year and announced a number of new projects for our Inscrybe® referral management solution and our telehealth products and services.
Deployed the supporting infrastructure for our U.S. Department of Veterans Affairs (VA) telehealth project at the designated VA location and completed the test-in phase for our Electronic House Call™ (EHC) telehealth solution. We started shipping EHC units and delivering services to the VA during fiscal 2012 and the VA exercised its first option to extend the term of our contract for home telehealth devices and services. The base contract with the VA also includes three additional one-year options to extend the contract.
Improved our ability to respond to emerging market needs in the telehealth space by completing a transaction whereby ExpressMD Solutions, our former joint venture, became a wholly-owned subsidiary and entered into a royalty-free license for the related intellectual property to continue to commercialize and develop the EHC device and related software.
Expanded the sales channels for our products and services through our national reseller agreement with SHI International Corp. and our group purchasing program agreement with the Premier healthcare alliance.
Strengthened our management and sales teams with the addition of Mr. Sunil Hazaray as Chief Commercial Officer and the addition of sales, customer support and product development resources to better position the company to take advantage of near-term opportunities for our products and services.
Completed a $4.0 million secured loan financing in March 2012 with certain accredited investors, including several board members and the company’s executive management team, and a registered direct offering of the company’s securities in October 2011 for net proceeds of approximately $3.64 million.

Following the end of the fiscal year, we announced that the VA had completed the test-in phase for our EHC vital signs monitoring solution and web service and had given its approval for VA facilities throughout the country to order and use these products and services to remotely monitor patients and enhance patient care for veterans in their national Care Coordination Home Telehealth program. We also announced a customer agreement for our Inscrybe hospital discharge solution and the completion of a $3.3 million secured loan financing with certain accredited investors, including certain board and executive team members. In connection with the new secured loan financing, we extended the maturity date of our existing secured notes so they mature at the end of October 2013 with the new notes.

Ben Benjamin, Chief Executive Officer of Authentidate, stated, “During the past year we have achieved a number of important milestones and have made strategic investments that we believe have positioned the company for significant future growth and profitability. In the telehealth area we have been focused primarily on our VA project and have worked closely with the VA to complete the implementation and required test-in phases of the project. As we move to the growth stage of the project, we are excited about the opportunity we have to grow our revenues while we help the VA provide the best possible patient care for our veterans. We also completed a transaction to consolidate our telehealth business which will enable us to more effectively serve emerging market needs for our products and services, expanded our sales channels and added customers from the commercial market for our telehealth solutions. As the commercial telehealth market develops, we believe our experience with the VA and our ability to combine our telehealth solutions with our referral management and hospital discharge solutions will support our growth. With respect to our other solutions, we have added several new customers for our referral management solution and we continue to focus on increasing the utilization of our services by our existing customers. We have also announced CentraState Healthcare System in New Jersey as a customer for our hospital discharge solution and expect that this will provide us with a reference customer and some additional momentum in this market as healthcare reforms regarding hospital readmissions take effect. We continue to experience increased interest in our products and services as hospitals and other healthcare providers look for ways to automate processes, reduce costs, comply with new regulations and coordinate care for their patients and we are excited about our prospects for fiscal 2013 and beyond.”

Mr. Benjamin concluded, “While the economic environment has been challenging, we have increased revenues for the quarter and fiscal year periods and invested in sales and support resources to position the company for near-term growth. In September 2012, we received net proceeds of approximately $3.25 million from a secured loan transaction which will help to support our growth plans and we extended the maturity date for our existing senior notes through October 2013 which will reduce our cash needs for the year. As we move into our next fiscal year, we believe the pace of our revenue growth will improve significantly due to our recent accomplishments and that we will benefit from government healthcare reforms and industry trends to reduce healthcare costs, shorten hospital stays, reduce hospital readmissions, increase wellness and preventative care programs and improve care coordination for patients. We believe we are in the right market at the right time and that our products and services are well suited to help healthcare organizations meet these emerging market needs. We will update our shareholders as opportunities in our marketplace develop. We hope that you share our excitement about the future for our company.”

Revenues for the quarter ended June 30, 2012 were approximately $1,012,000 compared to $779,000 for the prior year period. These results reflect an increase in revenues from our telehealth products and services, partly offset by lower revenues from our hosted software services due primarily to the acquisition of one of our customers and the related contract expiration. Revenues for the fourth quarter increased approximately 32% compared to the third quarter of fiscal 2012 due to higher revenues from both our telehealth products and services and our hosted software services.

Net loss from continuing and discontinued operations for the quarter ended June 30, 2012 was $2,755,000 or $0.13 per share, compared to $2,062,000, or $0.11 per share, for the prior year period. The increase in net loss for the quarter is due primarily to higher cost of revenues related to the increase in telehealth revenues, higher selling, product development and stock option expenses and the non-cash amortization of acquired licenses and debt discount on the senior secured notes payable.

Revenues for the year ended June 30, 2012 were approximately $3,188,000 compared to $2,936,000 for the prior year period. These results reflect the same trends as the fourth quarter.

Net loss from continuing and discontinued operations for the year ended June 30, 2012 was approximately $8,352,000, or $0.35 per share, compared to $12,555,000, or $0.59 per share, for the prior year period. The net loss for the year reflects the same trends as the fourth quarter. The net loss for the prior year period reflects a loss from discontinued operations, including a non-cash goodwill impairment charge of approximately $5.4 million, offset in part by a gain on the sale of certain non-core assets.

At June 30, 2012, cash, cash equivalents and marketable securities amounted to approximately $2,246,000 and the company had working capital of approximately $4,802,000.

Conference Call Details
Management will host a conference call on Wednesday, October 10, 2012, at 4:30 p.m. ET, to discuss the fourth quarter and fiscal 2012 financial results. The dial-in number for callers in the U.S. is (877) 869-3847 and the dial in number for international callers is 1 (201) 689-8261.

A dial-in replay of the call will be available through October 24, 2012. To access the replay, please dial (877) 660-6853 in the U.S. and 1 (201) 612-7415 internationally, and then enter the conference ID # 400936.

About Authentidate Holding Corp.
Authentidate Holding Corp. is a provider of secure web-based software applications and telehealth products and services that enable healthcare organizations to coordinate care for patients and enhance related administrative and clinical workflows. Authentidate’s products and services enable healthcare organizations to increase revenues, reduce costs and enhance patient care by eliminating paper and manual work steps from clinical and administrative processes. Authentidate’s telehealth solutions combine Electronic House Call, an FDA 510(k) cleared in-home patient vital signs monitoring system, or the Interactive Voice Response system with a web application that streamlines patient monitoring. Delivered as Software as a Service (SaaS), customers only require an Internet connection and web browser to access our web-based applications thereby utilizing previous investments in systems and technology. The company’s healthcare customers and users include leading homecare companies, health systems, physician groups and governmental entities. These organizations utilize the company’s products and services to coordinate care for patients outside of acute-care.

For more information, visit the company’s website at www.authentidate.com

- Tables Follow -

Authentidate Holding Corp. and Subsidiaries

Condensed Consolidated Balance Sheet Data

	June 30,
	____________	____________
( in thousands, except per share data )	2012	2011
____________________________________________	____________	____________
Assets
Current assets
Cash and cash equivalents	$ 2,036	$ 1,444
Restricted cash	256	256
Marketable securities	210	980
Accounts receivable, net	645	423
Inventory	4,016	4,569
Prepaid expenses and other current assets	1,286	557
	____________	____________
Total current assets	8,449	8,229
Property and equipment, net	917	680
Other assets
Software development costs, net	171	695
Licenses, net	2,196	65
Other assets	1,128	1,166
	____________	____________
Total assets	$ 12,861	$ 10,835
	============	‘============

Liabilities, Redeemable Preferred Stock and Shareholders’ Equity
Current liabilities
Accounts payable, accrued expenses and other liabilities	$ 3,547	$ 3,198
Deferred revenue	100	92
	____________	____________
Total current liabilities	3,647	3,290
Senior secured notes, net of unamortized discount	2,866	-
Long-term deferred revenue	281	140
	____________	____________
Total liabilities	6,794	3,430
	____________	____________
Commitments and contingencies
Redeemable preferred stock	3,254	2,931
Shareholders’ equity
Common stock, $.001 par value; 100,000 shares authorized,
26,999 and 23,161 shares issued and outstanding
on June 30, 2012 and 2011, respectively	27	23
Additional paid-in capital	179,890	172,809
Accumulated deficit	(177,104)	(168,358)
	____________	____________
Total shareholders’ equity	2,813	4,474
	____________	____________
Total liabilities, redeemable preferred stock
and shareholders’ equity	$ 12,861	$ 10,835
	============	‘============

Authentidate Holding Corp. and Subsidiaries

Condensed Consolidated Statement of Operations and Comprehensive Operations Data

(Quarterly Information is Unaudited)

	Three Months Ended June 30,		Year Ended June 30,
	______________________		______________________
(in thousands, except per share data)	2012	2011	2012	2011
_________________________	__________	__________	__________	__________

Revenues
Hosted software services	$ 669	$ 708	$ 2,590	$ 2,795
Telehealth products and services	343	71	598	141
	__________	__________	__________	__________
Total revenues	1,012	779	3,188	2,936
Operating expenses
Cost of revenues	901	487	2,589	1,996
Selling, general and administrative	1,754	1,678	6,359	6,065
Product development	284	212	928	829
Depreciation and amortization	279	342	1,019	1,197
	__________	__________	__________	__________
Total operating expenses	3,218	2,719	10,895	10,087
	__________	__________	__________	__________
Operating loss	(2,206)	(1,940)	(7,707)	(7,151)
Other (expense) income, net	(549)	-	(645)	365
	__________	__________	__________	__________
Loss from continuing operations	(2,755)	(1,940)	(8,352)	(6,786)
Income (loss) from discontinued operations,
including loss on disposal in 2011 of $5,405, net	-	(122)	-	(5,769)
	__________	__________	__________	__________
Net loss	$ (2,755)	$ (2,062)	$ (8,352)	$ (12,555)
	==========	==========	==========	==========
Basic and diluted loss per common share
Continuing operations	$ (0.13)	$ (0.10)	$ (0.35)	$ (0.32)
Discontinued operations	-	(0.01)	-	(0.27)
	__________	__________	__________	__________
Basic and diluted loss per common share	$ (0.13)	$ (0.11)	$ (0.35)	$ (0.59)
	==========	==========	==========	==========
Comprehensive operations
Net loss	$ (2,755)	$ (2,062)	$ (8,352)	$ (12,555)
Foreign currency translation adjustments	-	-	-	8
Reclassification of foreign currency translation
loss to discontinued operations	-	-	-	127
	__________	__________	__________	__________
Comprehensive loss	$ (2,755)	$ (2,062)	$ (8,352)	$ (12,420)
	==========	==========	==========	==========