Slide 1: Aware, Inc. Biometrics Simplified
Aware, Inc. NASDAQ: AWRE Biometrics Simplified Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement Portions of this presentation contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as estimates or projections of future revenue, earnings and non-recurring charges, and the growth of the biometrics markets. Aware wishes to
Slide 3: Biometrics Simplified, Trusted Since 1993
Biometrics Simplified Trusted Since 1993 We solve everyday business and identity challenges by applying data science, machine learning and AI to biometrics.
Slide 4: Investment Highlights
Global market for biometric technology expected to grow >20% between now and 20271. Expanded portfolio of proven, world-class solutions are ready to fuel immediate growth for current, emerging and future use cases. For more than a decade, data, AI and machine learning have powered our portfolio, bas
Slide 5: Simple Biometrics for Complex Identity Challenges
B2G Biometric Capture, Search & Workflow Management B2B Identity Verification Simple Biometrics for complex Identity Challenges Mobile and Web-based onboarding & authentication Web-based enrollment & Standards compliance Forensic Investigation
Slide 6: Catalyst for Change: Current Digital Onboarding Methods
CATALYST FOR CHANGE: CURRENT DIGITAL ONBOARDING METHODS 2.2 million fraud reports in 20202 47% of Americans financial identity theft in 20203 9 in 10 Americans encountered a fraud attempt in the past year4 (1 in 6) Americans lost money to identity theft last year4 33 MILLION to identity theft and fr
Slide 7: Compelling Addressable Market
Compelling Addressable Market 2027 2020 Market drivers are universal across industry verticals. Consumer demand for convenience Need for business efficiencies Consumer biometric adoption New government regulations Instances of identity fraud Occurrence of data breaches 1. MarketsandMarkets, November
Slide 8: Expansive portfolio simplifies biometrics to solve complex challenges
Expansive portfolio simplifies biometrics to solve complex challenges Once complex solutions are now simplified through biometrics. COMPLETE SOLUTIONS FOR THOSE LOOKING FOR TURN-KEY: AwareID® is lightning-fast identity verification, MFA & multi-modal biometrics pre-configured in a single, low-code p
Slide 9: A true global presence with strong foundations
A true global presence with strong foundations: Growing Markets, Proven Products, Partner Leverage $27.3M in cash, cash equivalents & marketable securities $0 Debt 38% Insider Ownership 78 Patents and numerous trade secrets 4 Cutting-edge technology offerings 50+ Industry-leading technology building
Slide 10: Go-to-market Leverages our Ecosystem
Go-to-market Leverages our Ecosystem VALUE ADDED RESELLERS Local & regional integrated resellers address global identity use cases with specialized expertise. TECHNOLOGY PARTNERS Our offerings are integrated with strategic technology partners to address broader opportunities. CONSULTING PARTNERS The
Slide 11: The Aware Advantage: Our Key Points of Differentiation
We see through a customer-centric lens. Out-of-the-box readiness based on user profiles without customers giving up the ability to fine tune it to their risk tolerance. Well capitalized & government chosen since 1993. PROVEN - TRUSTED Government Chosen | On NASDAQ | Flexible Deployment Options | A L
Slide 12: Financial Foundation For Growth
Financial Foundation For Growth 21% CAGR Recurring Revenue FY22 HIGHLIGHTS: 92% Gross Margins 14% Subscription Growth > 300 Customers FY23 GUIDANCE: 15% ARR Growth >$0 Operating Cashflow1 exiting 2023 Growing revenue while converting to higher quality, recurring revenue. (in millions) 1. Neutral to
Slide 13: Key Takeaways
Growing Markets Proven Products Partner Leverage Great Potential + + KEY TAKEAWAYS A leading authentication company applying proven and trusted adaptive authentication to solve everyday business challenges with biometrics Attractive market opportunity supported by robust industry tailwinds and drive
Slide 14: Contact
Aware 76 Blanchard Road, Suite 200 Burlington, Massachusetts 01803 Tel: (781) 687-0300 Email: ir@aware.com Gateway Investor Relations Tel: (949) 574-3860 Email: AWRE@gatewayir.com
Slide 15: Customer Case Study: Partner
CUSTOMER CASE STUDY: Partner THE CHALLENGE A leading air transport communications and IT company wanted to streamline the process of welcoming travelers to a country because the process was costly and not user-friendly. THE SOLUTION So, we worked together to implement Aware’s technology to allow vis
Slide 16: Customer Case Study: Commercial Application
CUSTOMER CASE STUDY: Commercial Application THE CHALLENGE A leading bank in Latin America was experiencing a new, highly sophisticated form of attack that was penetrating the security layers it had in place, resulting in sky-rocketing rates of fraud. THE SOLUTION So, in near real-time, our in-house
Slide 17: Customer Case Study: Government Application
CUSTOMER CASE STUDY: Government Application THE CHALLENGE A US government department wanted to deploy a global web-based employee and contractor background check system that would not store any PII (Personally Identifiable Information), but at the time there was no widely available system on the mar
Slide 18: Customer Case Study: Law Enforcement Application
CUSTOMER CASE STUDY: Law Enforcement Application THE CHALLENGE A large FL Police Department wanted to solve more cold cases but did not have the technology or bandwidth to effectively check existing evidence against new arrestee records. THE SOLUTION So, we worked together to develop a program to he