Slide 1: Q1 2022 Earnings Conference Call
© 2022 authID.ai. All Rights Reserved. New York | Bogota | London | Johannesburg NASDAQ : AUID © 2022 authID.ai. All Rights Reserved. Q1 2022 Earnings Conference Call May 9, 2022 Slides Available @ 5:30pm
Slide 2: Disclaimer and forward-looking statements
• This Presentation and information provided at a meeting at which it is presented (the “Presentation") has been prepared on the basis of information furnished by the management of authID.ai or Ipsidy Inc. (“authID.ai” or the “Company”) and has not been independently verified by any third party. • T
Slide 3: Momentum Towards Passwordless Identity Assurance
Momentum Towards Passwordless Identity Assurance x Fortified Security x Strong Identity Assurance x Low Friction Something You Have Sign in with your FIDO credentials? John Doe123 Sign In Device + Biometric Authentication Something You Are - 3 - © 2022 authID.ai. All Rights Reserved.
Slide 4: Deepening Our Team
Annie Pham CFO Effective June 2022 Deepening Our Team Joe Schwartz Promoted to SVP Global Sales Joe Trelin Independent Director Effective April 2022 Christabel Bugla Promoted to SVP Customer Success Brietta Smith Hired as Director, Quality Assurance - 4 - © 2022 authID.ai. All Rights Reserved.
Slide 5: Investments in Best-in-Class, Privacy-First Technology
Investments in Best - in - Class, Privacy - First Technology Expanded Low - Code Integration Partners . Award Winning. Patented. Secure. Enhanced UI/UX, Workflow, Speed & Language - 5 - © 2022 authID.ai. All Rights Reserved.
Slide 6: Sales Progress
Sales Progress Healthcare Cybersecurity Reduced Credential Phishing & Account Takeover Risks Enhanced Identity Assurance @ Remote Onboarding Biometric Transaction Audit Trail – Know Who! Our Value FinTech - 6 - © 2022 authID.ai. All Rights Reserved.
Slide 7: Where Are We On Our Journey?
Where Are We On Our Journey? October 2021 Launched “Minimal Viable Product” Q1 - Q2 2023 We are here Working with early prospects to enhance product adoption Metrics ~Mid - 2022 Begin to attain critical mass - 7 - © 2022 authID.ai. All Rights Reserved.
Slide 8: Q1 2022 Financial Results
• Total revenue was $0.6 million for the first quarter ended March 31, 2022, compared with $0.6 million for the first quarter of 2021. • Net loss was $5.3 million for the first quarter ended March 31, 2022, compared with a net loss of $2.5 million for the first quarter of 2021. • Net loss per share
Slide 9: March 2022 $22.5 Million Fundraise
• These resources when combined with cash on hand are estimated to provide sufficient cash for budgeted operations through 2023 • Participants include existing and new investors, and a majority of the Board and Senior Management team who invested over $1.5M - 9 - © 2022 authID.ai. All Rights Reserve
Slide 10: Q&A
Q&A © 2022 authID.ai. All Rights Reserved. - 10 - © 2022 authID.ai. All Rights Reserved.
Slide 11: Biometric Authentication Is Driving The New Way
Biometric Authentication Is Driving The New Way © 2022 authID.ai. All Rights Reserved. - 11 - © 2022 authID.ai. All Rights Reserved. 22.7% Projected CAGR Biometrics as a Service market 2021 to 2026 Mordor Intelligence 5 92% Of retail banks are increasing budget for digital transformation Roland Berg