Slide 1: Protect your brand. Grow your business.
NASDAQ:VRME Protect your brand. Grow your business. F irst Quarter 2025 Investor C onference C all May 13, 2025 www.VerifyMe.com 1
Slide 2: Agenda
Agenda NASDAQ:VRME 01 Welcome & Introductions 02 Operations and Strategic Update 03 Financial Review 04 Q&A 05 Closing Remarks www.VerifyMe.com 2
Slide 3: Forward Looking Statements
Forward Looking Statements NASDAQ:VRME In addition to historical information, this presentation contains statements relating to revenue opportunities, anticipated revenue, profitability of the combined company, future business, financial performance, future catalysts and future events or development
Slide 4: Welcome
NASDAQ:VRME Welcome Adam Stedham Chief Executive Officer and President www.VerifyMe.com 4
Slide 5: Strategic Snapshot
Strategic Snapshot Overall Performance • Q1 2025 VerifyMe Revenue down 22.6% versus Q1 2024 1 • Q1 2025 Precision Logistics proactive services revenue 12.6% below Q1 2024 • Q1 2025 Precision Logistics premium services revenue 47.1% below Q1 2024 (due to a single account insourcing that was announced
Slide 6: Financials
NASDAQ:VRME Financials – Q1 2025 Financial Highlights – Balance Sheet www.VerifyMe.com 6
Slide 7: Q1 Financial Highlights
Q1 Financial Highlights Revenue • Decline largely related to previously announced discontinued contract in Premium services $4.5M • Proactive revenue decline primarily due to lower shipping volumes Gross Profit • Continue to show improvements in Proactive Services margin % • Improvement more than of
Slide 8: Balance Sheet
Balance Sheet March 31, 2025 December 31, 2024 ($ in thousands) (Unaudited) Assets Cash and cash equivalents $5,707 $2,823 1,596 3,369 Accounts receivable and unbilled revenue Intangible assets & Goodwill 9,235 9,353 Other assets 557 522 Total Assets $17,095 $16,067 Current Liabilities $1,648 $3,739
Slide 9: Q&A
NASDAQ:VRME Q&A www.VerifyMe.com 99
Slide 10: Appendix
Appendix www.VerifyMe.com 10
Slide 11: Non-GAAP Reconciliation
Non-GAAP Reconciliation This presentation includes both financial measures in accordance with U.S. generally accepted accounting principles (“GAAP”), as well as non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position
Slide 12: Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA (In Thousands) Three Months Ended March 31 2025 2024 Net Loss (GAAP) $ (571) $ (553) Interest (income) expense, net (22) $ 38 Amortization and depreciation 286 $ 299 Total EBITDA (Non-GAAP) $ (307) $ (216) Adjustments: Stock based compensation 41
Slide 13: Protect your brand. Grow your business.
Protect your brand. Grow your business. US Headquarters 801 International Parkway Fifth Floor Lake Mary, FL 32746 +1 585 736 9400 info@verifyme.com 13