Slide 1: FY 2023 Results Conference Call
Denver, CO NASDAQ : AUID © 2024 authID Inc. All Rights Reserved. FY 2023 Results Conference Call March 20, 2024 Know Who Is Behind The Device
Slide 2: Disclaimer and 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 independently verified by any third party . • This
Slide 3: 2023 Financial Results: Key GAAP Measures
2023 Financial Results Key GAAP Measures 202 2 - 2023 2022 2023 2022 2023 2022 2023 2022 2023 Per Share Operations Net Loss Continuing One - Time Charges Non - Cash & Severance Loss from Continuing Operations Operating Expenses Revenue 2023 - Legacy 2022 - Legacy $7.72 $12.28M $23.68M $22.80M 2023 -
Slide 4: 2023 Financial Results: Non-GAAP Measures
2023 Financial Results Non - GAAP Measures* 2022 2023 2022 2023 2022 2023 ARR Annual Recurring Revenue bARR Booked Annual Recurring Revenue Adjusted EBITDA Loss $0.20M $0.18M 2022 2023 $2.94M $0.23M 2022 2023 $11.40M $8.71M 2022 2023 - 4 - © 2024 authID Inc. All Rights Reserved. *See Press Release d
Slide 5: 2023 Financial Results: Remaining Performance Obligation
• RPO represents deferred revenue and non - cancelable contracted revenue over the life of the contract that has not yet been recognized. • Contracts are typically signed with a minimum 3 - year term. Based on contractual commitments and expected usage patterns, we expect to recognize ~1/3 of the RP
Slide 6: Revenue Growth Stages
Revenue Growth Stages Progressing through our growth stages will build a sustainable, recurring revenue stream Stage Bookings Financial Commitments Revenue Retention and Expansion Secure new customer contracts with booked Annual Recurring Revenue Establish contractual commitments from customers • Im
Slide 7: CEO and CTO Remarks
© 2024 authID Inc. All Rights Reserved. CEO and CTO Remarks Denver, CO NASD - A 7 Q - : AUID Know Who Is Behind The Device
Slide 8: 2023 Business Reboot, Proving Product Market Fit
© 2024 authID Inc. All Rights Reserved. 2023 $3M bARR +1,200% YoY 300% Increase Q3>Q2 2023 - Business Reboot, Proving Product Market Fit - 8 - Q2 > FY 2022 $0.2M New CFO 3rd Straight Record - Breaking bARR Quarter BARR* New CEO & Board May Fundraise ISO Renewal Nov Fundraise Identity Platform: 8 Maj
Slide 9: 2023 – Driving Record Results in Six Months
2023 – Driving Record Results in Six Months Record Net New Bookings Growth Booked ARR (bARR) $3M +1,200% YoY Growing Customer Size & Record Big Deal Volume New Customers $100K+ bARR +6 0 in 2022 New Customers $500K+ bARR +2 0 in 2022 Customer Contractual Commitments Remaining Performance Obligation
Slide 10: Market Drivers: Fraud & Account Takeover Continue To Rise
Market Drivers: Fraud & Account Takeover Continue To Rise Legacy Security Methods Do Not “Know Who Is Behind The Device” Top Fraud Types • Deep Fakes • Counterfeit IDs • Phishing/Smishing • SIM Swap • Credential Stuffing Ransomware - Top Fraud Profit Model • Perpetrated via phishing and privileged a
Slide 11: Rise of Deepfakes and Adversarial AI Escalate Fraud
Rise of Deepfakes and Adversarial AI Escalate Fraud AI accelerates fake IDs and deepfakes that pass manual compliance checks 1265% Phishing Emails 1 1 SlashNext State of Phishing Report 2023 2 Abnormal Security 3 SumSub 2023 Identity Fraud Report 4 IBM 2023 Data Breach Report 5 Gartner 2023 Survey o
Slide 12: Our Layered Defenses Stop Deepfakes & Protect Biometric Authentication Integrity
Our Layered Defenses Stop Deepfakes & Protect Biometric Authentication Integrity Deepfakes • Face Swapping • Face Synthesis • Face Manipulation - 12 - © 2024 authID Inc. All Rights Reserved.
Slide 13: Our Layered Defenses Stop Deepfakes & Protect Biometric Authentication Integrity
Our Layered Defenses Stop Deepfakes & Protect Biometric Authentication Integrity • 99.99% Match Accuracy • >99% Deepfake Detection Rate • 700ms Processing Speed Client Side Backend - 12 - © 2024 authID Inc. All Rights Reserved.
Slide 14: The Fastest, Most Accurate Identity Life Cycle Platform
The Fastest, Most Accurate Identity Life Cycle Platform • Onboard Good Customers • Detect and Stop Deepfakes; Block Fraudsters Prevent Fraud • Self - Service Onboarding • Passwordless Login, Shared Device Solutions • Zero Trust Authentication & Password Recovery Secure Remote Workforce • Always Know
Slide 15: 2024 - Positioned for Strong Growth
2024 - Positioned for Strong Growth $9M Sales Pipeline Target per Quarter $9M bARR Target Market - Leading Technology Revenue Growth - 14 - © 2024 authID Inc. All Rights Reserved.
Slide 16: Q&A
Denver, CO NASDAQ : AUID © 2024 authID Inc. All Rights Reserved. Q&A Know Who Is Behind The Device