Slide 1: First Quarter 2024 Investor Conference Call
Protect your brand. Grow your business. First Quarter 2024 Investor Conference Call May 14, 2024 www.VerifyMe.com NASDAQ:VRME 1
Slide 2: Agenda
Agenda NASDAQ:VRME 01 Welcome & Introductions Operations and Strategic Update Financial Review Q&A Closing Remarks 02 03 www.VerifyMe.com 04 05 2
Slide 3: Forward Looking Statements
Forward Looking Statements 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 developments, strategy,
Slide 4: Welcome
Welcome Adam Stedham Chief Executive Officer and President www.VerifyMe.com NASDAQ:VRME – Remarks – Future Outlook 4
Slide 5: Strategic Snapshot
Overall Performance 1 • YoY Revenue Growth • YoY Gross Profit and Gross Margin Growth • YoY Adjusted EBITDA (1) Growth Capital • Total cash net of debt end of March 2024 $0.5M vs $0.6M end of December 2023 • Continue to expect positive cashflow for 2024 • Q1 net cashflow is down primarily due to rep
Slide 6: Financials
Financials www.VerifyMe.com NASDAQ:VRME – Q1 2024 Financial Highlights – Balance Sheet 6
Slide 7: Q1 Financial Highlights
Q1 Financial Highlights Revenue Continued growth in our premium services in our Precision Logistics segment $5.8M Net Loss Improvement of $1.0M ($0.4M) $3.1M Gross Profit Improvement of $0.7M or 49%. $2.3M 39% compared to 27% in Q1 2023 (1) The term Adjusted EBITDA is a non - GAAP financial measure
Slide 8: Balance Sheet
December 31, 2023 March 31, 2024 (Unaudited) Assets $3,095 $2,818 Cash and cash equivalents 4,299 12,311 2,113 12,038 Accounts receivable and unbilled revenue Intangible assets & Goodwill 1,000 924 Other assets $20,705 $17,893 Total Assets $4,641 500 $2,292 500 Current Liabilities Accounts payable,
Slide 9: Q & A
9 Q & A 9 NASDAQ:VRME www.VerifyMe.com Confidential Property of VerifyMe
Slide 10: Appendix
10 www.VerifyMe.com Confidential Property of VerifyMe NASDAQ:VRME Appendix
Slide 11: Non-GAAP Reconciliation
11 www.VerifyMe.com Non - GAAP Reconciliation This presentation includes both financial measures in accordance with U . S . generally accepted accounting principles (“GAAP”), as well as non - GAAP financial measures . Generally, a non - GAAP financial measure is a numerical measure of a company’s pe
Slide 12: Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA
12 www.VerifyMe.com Non - GAAP Reconciliation – EBITDA and Adjusted EBITDA (In Thousands) 2024 2023 Net (Loss) GAAP (553)$ (1,580)$ Interest expense, net 38 42 Amortization and depreciation 299 282 - Total EBITDA (Non-GAAP) (216)$ (1,256)$ Adjustments: Stock based compensation 46 22 Fair value of re
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