Slide 1: Protect your brand. Grow your business. Third Quarter 2023
NASDAQ:VRME Protect your brand. Grow your business. Third Quarter 2023 Investor Conference Call November 8, 2023 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 – Remarks – Future Outlook www.VerifyMe.com 4
Slide 5: Strategic Snapshot
Strategic Snapshot NASDAQ:VRME Outlook (1) 1 • Pleased with organic growth and gross margin improvement • Anticipating revenue of approximately $26M and positive adjusted EBITDA for 2023 • Expect double-digit organic growth in 2024 Capital 2 • Pleased to have the participation in the convertible not
Slide 6: Financials
NASDAQ:VRME Financials – Q3 2023 Financial Highlights – Balance Sheet www.VerifyMe.com 6
Slide 7: Q3 2023 Financial Highlights
Q3 2023 Financial Highlights NASDAQ:VRME Revenue Growth in our premium services in our Precision Logistics segment $5.6M Up 7% YoY Gross Profit 41% compared to GP up by $0.4M $2.3M 36% in 2022 Margins improved due to increase in Precision Logistics Net Loss ($0.4M) Compared to Adjusted EBITDA Includ
Slide 8: Balance Sheet
Balance Sheet September 30, 2023 December 31, 2022 ($ in thousands) (Unaudited) Assets Cash and cash equivalents $3,007 $3,411 Accounts receivable and unbilled 2,264 5,633 revenue 12,420 10,533 Intangible assets & Goodwill Other assets 1,115 1,175 Total Assets $18,806 $20,752 Current Liabilities $2,
Slide 9: Q&A
NASDAQ:VRME Q&A www.VerifyMe.com Confidential Property of VerifyMe 9 9
Slide 10: Appendix
NASDAQ:VRME Appendix www.VerifyMe.com Confidential Property of VerifyMe 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 Nine Months Ended September 30 September 30 2023 2022 2023 2022 Net loss GAAP $ (930) $ (557) $ (3,392) $ (14,506) Interest expense, net 39 32 127 54 Gain on extinguisment of debt - (326) - (326) Amortization and
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