Slide 1: Protect your brand. Grow your business.
NASDAQ:VRME Protect your brand. Grow your business. S econd Quarter 2024 Inves tor Conference Call August 13, 2024 www.VerifyMe.com 1
Slide 2: Agenda
Agenda NASDAQ:VRME 01 Welcome & Introductions 02 Operations and Strategic Update 03 Financial Review 04 Q&A 05 Closing Remarks www.VerifyMe.com 2
Slide 3: Forward Looking Statements
Forward Looking Statements NASDAQ:VRME In addition to historical information, this presentation contains statements relating to revenue opportunities, anticipated revenue, profitability of the combined company, future business, financial performance, future catalysts and future events or development
Slide 4: Welcome
NASDAQ:VRME Welcome Adam Stedham Chief Executive Officer and President – Remarks – Future Outlook www.VerifyMe.com 4
Slide 5: Strategic Snapshot
Strategic Snapshot Overall Performance 1 • Anticipate YoY 2024 revenue comparable to 2023 (2) • Anticipate YoY 2024 gross profit and gross margin above 2023 (2) • Anticipate YoY 2024 adjusted EBITDA(1) above 2023 (2) Capital 2 • Total cash net of debt end of June 2024 $0.7M vs $0.6M end of December
Slide 6: Financials
NASDAQ:VRME Financials – Q2 2024 Financial Highlights – Balance Sheet www.VerifyMe.com 6
Slide 7: Q2 Financial Highlights
Q2 Financial Highlights Revenue $5.4M Flat YoY New customers offsetting declining volumes with existing customers Gross Profit 39% compared to Improvement of $0.5M or 32% $2.1M 30% in Q2 2023 Net Loss ($0.4M) Adjusted EBITDA(1) Improvement of $0.6M ($0.3M) Improvement of $0.6M $0.2M $3.1M (1) The te
Slide 8: Balance Sheet
Balance Sheet ($ in thousands) June 30, 2024 December 31, 2023 (Unaudited) Assets Cash and cash equivalents $2,900 $3,095 Accounts receivable and unbilled revenue 1,965 4,299 Intangible assets & Goodwill 11,873 12,311 Other assets 795 1,000 Total Assets $17,533 $20,705 Current Liabilities $2,427 $4,
Slide 9: Q&A
NAS DAQ:VRME Q&A www.VerifyMe.com Confidential Property of VerifyMe 99
Slide 10: Appendix
NASDAQ:VRME Appendix www.VerifyMe.com Confidential Property of VerifyMe 10
Slide 11: Non-GAAP Reconciliation
Non-GAAP Reconciliation This presentation includes both financial measures in accordance with U.S. generally accepted accounting principles (“GAAP”), as well as non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position
Slide 12: Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA (In Thousands) Three Months Ended Six Months Ended June 30 June 30 2024 2023 2024 2023 Net (Loss GAAP) $ (346) $ (882) $ (899) $ (2,462) Interest expense, net 42 46 80 88 Amortization and depreciation 300 258 599 540 - - - Total EBITDA (Non-GAAP)
Slide 13: Protect your brand. Grow your business.
Protect your brand. Grow your business. US Headquarters 801 International Parkway Fifth Floor Lake Mary, FL 32746 +1 585 736 9400 info@verifyme.com 13