Slide 1: FY 2023 Results Conference Call
Know Who Is Behind The Device™ FY 2023 Results Conference Call March 20, 2024 Denver, CO NASDAQ : AUID © 2024 authID Inc. All Rights Reserved.
Slide 2: Disclaimer & Forward Looking Statements
Disclaimer & 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 independent
Slide 3: 2023 Financial Results: Key GAAP Measures
2023 Financial Results Key GAAP Measures Operating Loss from Continuing Non-Cash & One-Time Net Loss Per Share Revenue Expenses Operations Severance Charges Continuing Operations 2022 - Legacy 2023 - Legacy 2022 - Verified 2023 - Verified $22.80M $23.68M $7.72 $12.28M $0.53M $19.62M $10.91M $10.94M
Slide 4: 2023 Financial Results: Non-GAAP Measures
2023 Financial Results Non-GAAP Measures* bARR Adjusted EBITDA ARR Booked Annual Loss Annual Recurring Revenue Recurring Revenue $11.40M $2.94M $0.20M $0.18M $8.71M $0.23M 2022 2022 2023 2023 2022 2022 2023 2023 2022 2022 2023 2023 *See Press Release dated March 20, 2024 for important information ab
Slide 5: 2023 Financial Results: Remaining Performance Obligation
2023 Financial Results Remaining Performance Obligation Period Ending Change Q4 2023 Q3 2023 Deferred Revenue $0.13M $0.10M +$0.03M Additional non-cancelable contracted revenue $3.90M $1.77M +$2.13M Total Remaining Performance Obligation (RPO) $4.03M $1.87M +2.16M • RPO represents deferred revenue a
Slide 6: Revenue Growth Stages
Revenue Growth Stages Progressing through our growth stages will build a sustainable, recurring revenue stream Stage Financial Retention and Bookings Revenue Commitments Expansion Secure new customer Establish contractual • Implement new Retain customer contracts with booked commitments from custome
Slide 7: CEO and CTO Remarks
Know Who Is Behind The Device™ CEO and CTO Remarks Denver, CO -7- NASDAQ : AUID © 2024 authID Inc. All Rights Reserved.
Slide 8: 2023 - Business Reboot, Proving Product Market Fit
2023 - Business Reboot, Proving Product Market Fit $1.7M $1.0M 3rd Straight Record-Breaking 2023 bARR* 300% bARR Quarter Increase Q2 > $0.2M Q3>Q2 $0.0M FY 2022 $3M Q1 Q2 Q3 Q4 bARR New Identity +1,200% ISO New CEO Domain Talent New Renewal YoY May CFO & Board Fundraise authID University Nov Fundrai
Slide 9: 2023 – Driving Record Results in Six Months
2023 – Driving Record Results in Six Months Record Net New Booked ARR $3M Bookings Growth (bARR) +1,200% YoY New New Growing Customer Size & Customers +6 Customers +2 Record Deal Volume 0 in 2022 0 in 2022 $100K+ bARR $500K+ bARR Customer Contractual Remaining Performance Obligation $4M Commitments
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 Gen AI Increases • Deep Fakes • Counterfeit IDs Fraud Population & • Phishing/Smishing Skillset • SIM Swap Anyone can commit fraud • Credential Stuffing Fraud Mode
Slide 11: Rise of Deepfakes and Adversarial AI Escalate Fraud
Rise of Deepfakes and Adversarial AI Escalate Fraud 1740% Surge 1265% Z Deepfakes in North Phishing Emails1 America3 967% 204 days Generative AI - Z Credential Phishing to detect a 2nd AI accelerates fake IDs Attacks1 breach4 Highest Risk, Gartner5 and deepfakes that pass 89% Z manual compliance Fra
Slide 12: Our Layered Defenses Stop Deepfakes & Protect Biometric Authentication Integrity
Our Layered Defenses Stop Deepfakes & Protect Biometric Authentication Integrity • 99.99% Matching Accuracy Backend Deepfakes Backend • >99% • Face Swapping Deepfake Detection • Face Synthesis Rate Client • Face Manipulation • 700ms Side Processing Speed -12- © 2024 authID Inc. All Rights Reserved.
Slide 13: The Fastest, Most Accurate Identity Life Cycle Platform
The Fastest, Most Accurate Identity Life Cycle Platform • Onboard Good Customers Prevent Fraud • Detect and Stop Deepfakes; Block Fraudsters • Self-Service Onboarding Secure Remote Workforce • Passwordless Login, Shared Device Solutions • Zero Trust Authentication & Password Recovery • Always Know W
Slide 14: 2024 - Positioned for Strong Growth
2024 - Positioned for Strong Growth Market- $9M $9M Revenue Leading Sales Pipeline bARR Target per Growth Technology Quarter Target -14- © 2024 authID Inc. All Rights Reserved.
Slide 15: Q&A
Know Who Is Behind The Device™ Q&A Denver, CO NASDAQ : AUID © 2024 authID Inc. All Rights Reserved.