Slide 1: Q3 2024 Results Conference Call
© 2024 authID Inc. All Rights Reserved. authID Ǫ 3 20 24 Resu l t s C on f e r e nce C a ll N o v e m b e r 7 , 2024
Slide 2: All Rights Reserved. This Presentation and information provided at a webcast or meeting at
© 2024 authID Inc. All Rights Reserved. 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 independentl
Slide 3: Q3 2024 Business Highlights
© 2024 authID Inc. All Rights Reserved. Ǫ 3 2024 B u s i n e s s H i g hl i g ht s
Slide 4: Business Highlights
W e a r e f o c u sed o n a cc ele r a t i n g a n d d i v e r si f y i n g r ev e n u e g r o w t h • Added new Chief Product Officer, Erick Soto with experience building a unicorn identity verification company • Secured a $10M contract commitment over 3 years with an AI company specializing in cus
Slide 5: Business Highlights (Continued)
B u s i n e s s H i g h l i g h t s (C ont i n u ed) 0. 44 M 0. 80 M 0.02M 202 2 Ǫ 2 ' 2 3 - Ǫ 2 ' 2 4 Ǫ 3 2 024 21. 0 K 94. 0 K 0.6K 202 2 Ǫ 2 ' 2 3 - Ǫ 2 ' 2 4 Ǫ 3 2 024 Proof A v g P r oo f T r a n s a c t i on s Verified A v g V e r i f ie d U s e r I d e n t i t i e s 2 . 2 M P r oo f s i n p a
Slide 6: Business Highlights (Continued)
We invested in and drastically improved our biometric identity verification platform • Released new PrivacyKey feature which allows customers to "use biometrics without having to store biometrics" • Released 1:1B False Match Rate accuracy for near perfection • Continuing to make improvements to spee
Slide 7: Q3 GAAP Financial Results
Ǫ 3 202 4 G A A P F i n a n c i a l R e s u l t s 3 and 9 months Ended September 30, 2024 * 2023 Operating Expenses reflect a $3.4M one - time, non - cash reversal of stock - based compensation from Ǫ1’23 terminations et L o ss f r o m N o n - Ca sh & O n e - Time nu i n g Ope r a ti o n s S e v e r
Slide 8: Revenue Metrics Breakdown
R ev en u e M e t r i cs Brea k do w n R P O , c A RR , U A C & R e v e n u e Revenue Re c o g n i z e d i n a cc o r d a n c e w i t h G AA P $3. 3M $5. 0M F i x ed c u s t o m er f ees ( e . g. l i c e n s e f ees ) + u s a ge c o mm i t m e n t s ( e . g . a nnu a l u s a ge m i n i m u m ) a g r
Slide 9: Q3 Financial Results GAAP - Remaining Performance Obligation
Ǫ 3 202 4 F i n a n c i a l R e s u l t s G AA P - R e m a i n i n g P e r f orm a n c e O b l i g a t i on - 9 - © 2024 authID Inc. All Rights Reserved. • RPO represents deferred revenue and non - cancelable contracted revenue over the life of the contract that has not yet been recognized. • Contra
Slide 10: Q3 Non-GAAP Financial Results
Ǫ 3 202 4 N o n - G AA P * F i nanc i a l R es u l t s Q3 2023 Q3 2024 * See Ǫ3 2024 Earnings Press Release for important information about Non - GAAP Measures **cARR = Committed Annual Recurring Revenue, Est. UAC = Estimated Usage Above Commitment Q2 2023 Q2 2024 3 m o 9 m o bARR Boo k e d Annu al
Slide 11: Revenue Growth Stages
R ev en u e G ro w th S t a g es Progressing through our growth stages to build a sustainable, recurring revenue stream - 11 - © 2024 authID Inc. All Rights Reserved. Q3 ‘24 YTD Progress 2023 FY Results Measurement Stage $1.88M ( +$0.61 M v s . Ǫ3 ’ 2 3 Y T D ) $2.94M B oo k ed A nnu a l Re curr i n
Slide 12: Targets & Revised Guidance
202 4 T a r g e t s & R ev i s e d * G u i d a n c e $0.8 - 0.9M 4x R e v e n u e G r o w th G AA P R e v e n ue $2. 94M $9. 00M Bo o ki ng s G r o w th bARR 3x $4. 02M $0.19M 2024 2023 2024 2023 2024 2023 Target Actual Target Actual Revised G ui d a n ce Actual C u s t o m e r C o nt r a c tu a l C
Slide 13: Q&A
© 2024 authID Inc. All Rights Reserved. N AS D A Ǫ : AU ID © 2024 authID Inc. All Rights Reserved. Ǫ & A