Intellicheck, Inc. · NASDAQ:IDN
Intellicheck — Investor Presentation (August 2023)
18 slides from Intellicheck's investor presentation, August 2023
Slide 1: Investor Presentation
Investor Presentation August 2023 Copyright © 2021 Intellicheck
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Forward-Looking Statements: This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the forward-looking statements in this pr
Slide 3: Intellicheck at a Glance
Intellicheck at a Glance • Our products are used across a wide variety of industries, both in-person and digitally • Banking & Financial Services; Retail; Automotive; Law Enforcement; Alcohol, Tobacco and Cannabis Sales; Gaming; Title Insurance • No hardware requirements lead to rapid deployment • T
Slide 4: Who We Are
Who We Are • We believe Intellicheck is the best first step in identity validation to stop fraud losses and AML/KYC • Our unique approach is highly accurate, instant and fully automated – “Prior to us using it in the field, we scanned over 1,000 known counterfeits, each one was detected.” • New York
Slide 5: Magnitude of the Problem in 2022
Magnitude of the Problem in 2022 Type US Victims (Millions) Total Fraud Amount Mean Fraud Amount per (Billions) Victim Total Fraud 15.4 $20.3 $1,311 Existing Account Fraud 14.3 $16.4 $1,320 New Account Fraud 3.6 $3.9 $1,919 Account Takeover Fraud 4.5 $11.0 $2,008 Copyright © 2021 Intellicheck 5
Slide 6: We Are Very Different
We Are Very Different • 28 State-level law enforcement agencies use Intellicheck to validate ID’s. Why is that important? – Law enforcement alone can check ID’s with every DMV in North America • Yet they choose Intellicheck instead because we are just as accurate and lightning fast WE BELIEVE NO OTH
Slide 7: We Are Very Different
We Are Very Different • For in-branch or retail use cases, we typically work with the existing hardware – Point-of-sale scanner, branch check scanner – In use at over 4,800 bank or lender branches and over 30,000 retail locations • For digital use cases, our accuracy means our clients introduce less
Slide 8: How We Are Used To Stop Fraud Losses
How We Are Used To Stop Fraud Losses • Physical and Digital New Account Openings – Instant credit, BNPL, bank accounts, loans, automotive test drives, title insurance, etc. – In-person or through website or mobile app • Card-Not-Present – “I forgot my store-branded credit card; can you look me up?”
Slide 9: Representative Financial Services Clients
Representative Financial Services Clients • A top 5 bank with over 2 million accounts, $1.7 trillion in assets, and one of the top 3 credit card issuers in the country. – Intellicheck in use in the bank branches and at merchant retailers for instant credit – Signed 3-year renewal with 20% guaranteed
Slide 10: What We Deliver
What We Deliver IDN-Portal • Mobile app-based ID validation • Rapid implementation - Turn it on and it works IDN-Portal+ • Web-based no-integration platform • Validate someone in front of you or remote • Advanced analytics and risk signal detection IDN-Direct • API-driven identity validation • Bring
Slide 11: Why Intellicheck
Why Intellicheck Accurate Fast Over 99.9% accuracy Results in < a second Equals more clients Less fraud – fewer penalties Faster validation Better Experience Quick Set-up Fewer user steps No new hardware Rest API or sign-up + use Greater user retention Be up and running in >1 hour Copyright © 2021 I
Slide 12: Notable Wins
Notable Wins Copyright © 2021 Intellicheck 12
Slide 13: Notable Wins Demonstrating Diversification of Clients
Notable Wins Demonstrating Diversification of Clients • One of our largest banks finished their transaction bucket, and purchased 2.5 million more • 2,700 branch regional bank pilot has started with small use case, large digital use case anticipated to start in October • 1,400 branch regional bank p
Slide 14: Diversification of the client base in the quarter
Diversification of the client base in the quarter • We onboarded: • 17 bars and restaurants. • An event security company. • An on-line marketplace for premium event seating. • 2 cannabis vending machine companies. • A credit union and a small on-line bank. • An internet child safety company • 9 more
Slide 15: Financial Overview
FINANCIAL OVERVIEW Copyright © 2021 Intellicheck
Slide 16: Q2 2023 Financial Highlights
Q2 2023 FINANCIAL HIGHLIGHTS SaaS Revenue • Total Revenue: $4,716,000 (+18% YoY) Growth • SaaS Revenue: $4,663,000 (+19% YoY) – Record Q2 Total • Gross Margin: 92.5% • Cash & ST Investments: $9,068,000 Balance Sheet (as of June 30) • Stockholders’ Equity: $17,335,000 • Debt: $0 Net Income • Net Loss
Slide 17: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION Adjusted EBITDA We use Adjusted EBITDA as a non-GAAP financial performance measurement. Adjusted EBITDA is calculated by adjusting net income (loss) for certain reductions such as gains on debt forgiveness and interest and other income and certain addbacks such as inco
Slide 18: Contact
BRYAN LEWIS CEO 516.453.6647 blewis@intellicheck.com GAR JACKSON Global IR Group 949.873.2789 gar@globalirgroup.com info@intellicheck.com Intellicheck.com Copyright © 2021 Intellicheck