Slide 1: Investor Presentation January 2025
NASDAQ: AUID Investor Presentation January 2025 © 2025 authID Inc. All Rights Reserved.
Slide 2: Disclaimers & Forward-Looking Statements
Disclaimers & Forward-Looking Statements This Presentation and information provided at a webcast or meeting at which it is presented (the “Presentation") has been prepared on the basis of information furnished by the management of authID Inc. (“authID” or the “Company”) and has not been independentl
Slide 3: What We Do
WHAT WE DO Artificial Intelligence is producing the most realistic, inauthentic content the world has ever seen. The only way to allow companies to ensure authenticity is to give them the capability to trust the physical presence of an individual human being. This is what authID delivers. © 2025 aut
Slide 4: New Leadership w/ $100M+ ARR Expertise in ID Verification
New Leadership w/ $100M+ ARR Expertise in ID Verification Rhon Daguro Ed Sellitto Erick Soto Thomas Szoke CHIEF EXECUTIVE OFFICER & DIRECTOR CHIEF FINANCIAL OFFICER CHIEF PRODUCT OFFICER CHIEF TECHNOLOGY OFFICER & DIRECTOR Rhon brings proven success in building Mr. Sellitto is a seasoned financial e
Slide 5: The Current Identity Authentication Flow
The Current Identity Authentication Flow • Passwords Companies believe the • Multi-Factor user is legitimate Login • One Time Password • Device-specific Wire Transfers Passkeys (e.g. Apple Face ID, Google Face Unlock) Employees Benefits Contractors Account Recovery Call Center/Help Desk -5- © 2025 2
Slide 6: Fraud Exists Because Current Security is Not Enough
Fraud Exists Because Current Security is Not Enough Fraudsters compromise devices Companies incorrectly assume the user is legitimate Login Wire Transfers Employees Benefits AI “Deepfakes” fool existing biometric solutions Contractors Account Recovery Call Center/Help Desk -6- © 2025 2024 authID Inc
Slide 7: authID Aims to Eliminate Fraud Completely
authID Aims to Eliminate Fraud Completely authID looks beyond the authID will match on the "live" device and can detect and person to the biometric record Login stop Deep Fakes in 700 milliseconds Wire Transfers Employees Benefits Contractors Account Recovery Call Center/Help Desk -7- © 2025 2024 au
Slide 8: authID Biometric Proof and Authentication
authID Biometric Proof and Authentication 700ms Identity Verification ✓ Biometric Match Identity Verification (IDV) ✓ Liveness Use authID’s Proof for identity verification to ✓ Deepfakes ensure the applicant’s identity exists, and the ✓ Injection person asserting the identity is the person named ✓ M
Slide 9: Why Customers Choose authID
Why Customers Choose authID authID delivers what enterprises want through a combination of Speed, Accuracy, and Data Privacy Enterprise Requirements Vs. Others Low friction 700ms 1 Speed Ease of use Delivers UX consistent with Apple Face ID and 7-10s Google Face Unlock 1 to 1 Billion 2 Accuracy Elim
Slide 10: Go-to-Market Strategy & Momentum
Go-to-Market Strategy & Momentum © 2025 authID Inc. All Rights Reserved.
Slide 11: Explosive Growth Effect of AI On ID Security Market
Explosive Growth Effect of AI On ID Security Market Every Dimension of Fraud Has Increased on existing applications and new applications are being created at a faster rate than ever before Higher Increase in More Identity More New Higher Quality Increased Frequency of Applications Database Fraudster
Slide 12: Timing is Right for Biometric ID Verification & Authentication
Timing is Right for Biometric ID Verification & Authentication Global Biometric Technology Market * • Market adoption of biometrics has arrived, USD Billion driven by Apple FaceID, CLEAR, TSA, Global 151.3 Entry, & Aadhaar. • The emergence of generative AI is contributing to explosive growth in frau
Slide 13: Our Go-To-Market (GTM) Approach
Our Go-To-Market (GTM) Approach Our Go-To-Market approach leverages a mix of customer profiles that position us to achieve early wins and accelerate growth through the first 2-3 years FAST 100 • Smaller, fast-moving organizations that require minimal product customization Mid-Size / High • Average 3
Slide 14: Our Path to Achieving $100M+ in Bookings
Our Path to Achieving $100M+ in Bookings A bookings growth pattern of T2D3 (3x/3x/2x/2x/2x) from 2023-2027 would put us a path to $100M+ in cumulative bookings $72M 2x On track in 2024 $36M Achieved in 2023 2x $18M $9M 2x $3M 3x $0.2M >3x 2022 2023 2024 2025 2026 2027 Cumulative Bookings lt;1M $3M $1
Slide 15: How our Bookings Convert to Revenue
How our Bookings Convert to Revenue • Contract bookings are expected to convert to Revenue over a 3-year period as customers go-live with the service and ramp usage to their full volume expectations. • For example, $100 in Year 0 bookings translate into approximately $20-50 in revenue in Year 1 from
Slide 16: How We Measure Success
How We Measure Success 1 Sales Pipeline • Total annual value of deals in an active sales stage • Rate of addition of new deals to the pipeline 2 Booked Annual Recurring Revenue (bARR) • Annual value of signed deals • Comprised of annual customer commitments (cARR) + estimated annual usage fees above
Slide 17: Capital Allocation Priorities
Capital Allocation Priorities 1 Investment in Organic Business Growth • Investing to scale our Sales & Go-to-Market engine • Investing in our technology & engineering to support our product roadmap, unlock enterprise use cases and scale usage 2 Strategic M&A to Accelerate Growth • Accelerated Revenu
Slide 18: Financial Highlights
Financial Highlights © 2025 authID Inc. All Rights Reserved.
Slide 19: Q3 2024 GAAP Financial Results
Q3 2024 GAAP Financial Results 3 and 9 months Ended September 30, 2024 Net Loss from Non-Cash & One-Time Revenue Operating Expenses* Continuing Operations Severance Charges Net Loss Per Share ($M) ($M) ($M) ($M) Continuing Operations 10.7M 16.4M 0.69M 10.4M $3.05 7.6M 9.7M 3.8M 0.25M 3.8M 3.7M $0.97
Slide 20: Q3 2024 Non-GAAP Financial Results
Q3 2024 Non-GAAP* Financial Results ARR bARR Adjusted EBITDA Booked Annual Recurring Revenue** Annual Recurring Loss Revenue 3 months ended Sept. 30 9 months ended Sept. 30 7.8M 2023 Est. UAC 2023 cARR 2024 Est. UAC 2024 cARR 1.0M 6.0M $1.88M $1.15M $1.02M $1.27M $0.88M 2.9M $0.54M 2.1M $0.50M $0.62
Slide 21: Revenue Growth Stages
Revenue Growth Stages Progressing through our growth stages to build a sustainable, recurring revenue stream 2023 FY Q3 ‘24 YTD Stage Measurement Results Progress Booked Annual Secure new customer contracts with $1.88M 1 Bookings Recurring Revenue $2.94M booked Annual Recurring Revenue (+$0.61M vs.
Slide 22: Contacts
Contacts Investor Relations Gateway Group, Inc. Cody Slach and Alex Thompson 1-949-574-3860 AUID@gateway-grp.com Investor-Relations@authid.ai © 2025 authID Inc. All Rights Reserved.