Slide 1: Q2 2024 Results Conference Call
NASDAQ : AUID Q2 2024 Results Conference Call August 8, 2024 Our Mission Eliminate Authentication Fraud & Deliver 100% Zero Trust Identity Protection Our Value Know Who Is Behind The Device © 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: CEO Remarks
NASDAQ : AUID CEO Remarks Our Mission Eliminate Authentication Fraud & Deliver 100% Zero Trust Identity Protection Our Value Know Who Is Behind The Device © 2024 authID Inc. All Rights Reserved.
Slide 4: Authentication Fraud Deepfake Voices
Authentication Fraud Deepfake Voices This is an example of a synthetic voice featuring a character generated by AI. This character portrayal is manufactured and not meant to be taken as an actual representation of the individual. -4- © 2024 authID Inc. All Rights Reserved.
Slide 5: Authentication Fraud Deepfake Videos
Authentication Fraud Deepfake Videos This is an example of a synthetic video featuring a character generated by AI. This character portrayal is manufactured and not meant to be taken as an actual representation of the individual. -5- © 2024 authID Inc. All Rights Reserved.
Slide 6: The Pillars of Our Momentum
The Pillars of Our Momentum Market- Excited Broad Strong Leading Channel Account Metrics Tech Partners Reach Growth Dedicated Identity Experts -6- © 2024 authID Inc. All Rights Reserved.
Slide 7: Market-Leading Technology
Market-Leading Technology Others Speed 700 ms <1s 7-10s 1 to 1 Billion 1 to 1 1 to 1 Accuracy (Independently validated by Third Party CISRO) Million Hundred K Privacy Zero Encrypted Biometric Template with Secure Encrypted Biometric Template Biometrics Stored Enclave & Data ISO/IEC 30136 Compliant S
Slide 8: Verified Privacy PKI Demo
Verified Privacy PKI Demo The ultimate level of privacy, using public- key cryptography -8- © 2024 authID Inc. All Rights Reserved.
Slide 9: Excited, Committed Channel Partners
Excited, Committed Channel Partners -9- © 2024 authID Inc. All Rights Reserved.
Slide 10: Strong Reach & Identity Expertise Recognition
Strong Reach & Identity Expertise Recognition -10- © 2024 authID Inc. All Rights Reserved.
Slide 11: Strong Metrics Growth – Revenue Growth
Strong Metrics Growth – Revenue Growth Q2 ‘24 $.16 M FY 2023 Q1 ‘24 $.28 M $.16 M $.19 M -11- © 2024 authID Inc. All Rights Reserved.
Slide 12: Strong Metrics Growth – Pipeline Momentum
Strong Metrics Growth – Pipeline Momentum Q2 ‘24 20% Growth $.16 M Q1 ‘24 $25 M Q2 Deals in Pipeline $100K+ 71 $21 M $500K+ 12 -12- © 2024 authID Inc. All Rights Reserved.
Slide 13: Strong Metrics Growth – bARR Momentum
Strong Metrics Growth – bARR Momentum 2024 $9M Q2 ‘24 Target Q1 ‘24 $.63M $.10 M $.10 M -13- © 2024 authID Inc. All Rights Reserved.
Slide 14: CFO Remarks
NASDAQ : AUID CFO Remarks Our Mission Eliminate Authentication Fraud & Deliver 100% Zero Trust Identity Protection Our Value Know Who Is Behind The Device © 2024 authID Inc. All Rights Reserved.
Slide 15: Q2 2024 Financial Results
Q2 2024 Financial Results Key GAAP Measures – 3 and 6 months Ended June 30, 2024 Operating Net Loss Non-Cash & One-Time Revenue Net Loss Per Share Expenses* Continuing Operations Severance Charges ($M) Continuing Operations ($M) ($M) ($M) 0.44M 12.68M 9.23M 6.92M 8.82M $3.09 10.90M $2.16 0.28M 3.82M
Slide 16: Q2 2024 Financial Results – Remaining Performance Obligation
Q2 2024 Financial Results GAAP - Remaining Performance Obligation Period Ending Change Q2 2024 Q1 2024 Deferred Revenue $0.24M $0.31M ($0.1M) Additional non-cancelable contracted revenue $4.00M $3.73M +$0.3M Total Remaining Performance Obligation (RPO) $4.24M $4.03M +0.2M • RPO represents deferred r
Slide 17: Q2 2024 Financial Results – Balance Sheet Highlights
Q2 2024 Financial Results GAAP – Balance Sheet Highlights As of June 30, 2024 Cash Balance Shares Outstanding $14.4M 10.9M +$10.0M net proceeds from +1.5M shares from June 2024 Fundraise June 2024 Fundraise -17- © 2024 authID Inc. All Rights Reserved.
Slide 18: Q2 2024 Financial Results – Non-GAAP Measures
Q2 2024 Financial Results Non-GAAP Measures* ARR bARR Adjusted EBITDA Booked Annual Recurring Revenue** Annual Recurring Loss Revenue 3 months ended June 30 6 months ended June 30 1.12M 4.93M 3.86M $0.73M $0.63M 2.55M $0.33M $0.27M 1.66M $0.23M $0.25M 0.14M $0.11M $0.35M $0.11M $0.39M $0.12M $0.14M
Slide 19: Revenue Growth Stages
Revenue Growth Stages Progressing through our growth stages will build a sustainable, recurring revenue stream How We’ll 2023 FY Q2 ‘24 YTD Stage Measure Results Progress Booked Annual Bookings Secure new customer contracts with Recurring $2.94M $0.73M booked Annual Recurring Revenue (+$0.48M vs. Q2
Slide 20: 2024 Targets & Guidance
2024 Targets & Guidance GAAP Revenue Growth Revenue $1.4 – 1.6M 7x YoY $9.0M Non-GAAP Booked ARR Net New Bookings Growth (bARR) 3x YoY GAAP Customer Contractual Remaining $12 – 13M Commitments Performance Obligation (RPO) 3x YoY -20- © 2024 authID Inc. All Rights Reserved.
Slide 21: Q&A
NASDAQ : AUID Q&A -21- © 2024 authID Inc. All Rights Reserved.