Slide 1: Q2 2023 Results Conference Call
Q2 2023 Results Conference Call August 10, 2023 5:30pm Denver, CO © 2023 authID Inc. All Rights Reserved. NASDAQ : AUID © 2023 authID Inc. All Rights Reserved.
Slide 2: Disclaimer & Forward Looking Statements
Disclaimer & Forward Looking Statements • 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 independent
Slide 3: Q2 2023 Financial Results
Q2 2023 Financial Results • Total Revenue was $0.04M for Q2 23, compared with $0.07M a year ago. For the 6-month period ended June 30, 2023, Total Revenue was $0.07M, compared with $0.2M a year ago. • Operating Expenses declined to $2.8M for Q2 23, compared with $6M a year ago. For the 6- month peri
Slide 4: Q2 2023 Financial Results – Non-GAAP Measures
Q2 2023 Financial Results – Non-GAAP Measures • Adjusted EBITDA loss improved to $1.7M for Q2 23, compared with $3.0M a year ago. • For the six months period in 2023, Adjusted EBITDA loss improved to $3.9M, compared with $5.9M, for the same period last year, primarily due to cost savings from the Q1
Slide 5: Q2 Results - Corporate Finance
Q2 Results - Corporate Finance $8.2 M $8.9 M Reverse Enhanced Stock Balance Sheet Fund Raise Debt Nasdaq Capitalization Split Compliant • Secured financing of up to $8.2M (before expenses) • Capitalized convertible debt of ~$8.9M in exchange for shares of common stock • Completed 1-For-8 reverse sto
Slide 6: CEO Remarks
CEO Remarks Denver, CO © 2023 authID Inc. All Rights Reserved. NASDAQ : AUID © 2023 authID Inc. All Rights Reserved.
Slide 7: Q2 Highlights – Adding To a High Performance Team
Q2 Highlights – Adding To a High Performance Team Ed Sellitto Greg Manship Dale Daguro Jeff Scheidel Chief Financial Officer VP Sales VP Sales VP Sales • 15 years of Financial Mgmt. • 15 years of Identity & Security • 15 years of Identity & Technology • 25 years of Identity, customer & Revenue Opera
Slide 8: Q2 Highlights – Technology Enhancements To Meet Pipeline
Q2 Highlights – Technology Enhancements To Meet Pipeline Document Liveness & Attack Defense Fraudulently Counterfeit Forged Obtained V 3.1 to 3.6 New Features Documents Documents Genuine Documents • Fortified Identity Verification. 700 millisecond platform processing time. Unmatched in the market •
Slide 9: Q2 Highlights – New Customers Signed
Q2 Highlights – New Customers Signed FinServ Workforce Facilities Mgmt. Tech Platform Workforce BARR of New Contracts $239,000 -9- © 2023 authID Inc. All Rights Reserved.
Slide 10: Sales Win: ABM Industries
Sales Win ABM Industries Authenticate Multiple Users On Shared Devices • Fortune 500, NYSE: ABM Seamless enrollment & authentication. • Established: 1909 • 2022 Annual Revenue: $7.8Bn Cloud biometrics - In-browser on any • Total Employees: 127,000 shared corporate device: mobile, laptop, workstation
Slide 11: Expanding Product Market Fit
Expanding Product Market Fit Target Verticals Digital Onboarding Shared Device Workforce • Stop identity fraud • Secure authentication • Automate & speed up good • Seamless UX customer conversion • Reduce costs – Hardware token alternative Use Cases Money Transfer Gig-Economy Worker Authentication V
Slide 12: Lead Generation Growth
Lead Generation Growth June 20, 2023 – July 31, 2023 Conversion (%) Dials 41,627 5% Live Conversations 2,136 4% Scheduled Meetings 77 43% Completed Meetings 33 58% Pipeline Generated Created Opportunities 19 $2.4M -12- © 2023 authID Inc. All Rights Reserved. 12
Slide 13: Business Pipeline Momentum
Business Pipeline Momentum Right Market Right Product Right Team • Growing TAM: $116B • New Talent. Identity Domain • Speed by 2027* • Expanding workforce & + • Accuracy + & Sales Expertise. Built $100M ARR Businesses • Targeted Messaging consumer use cases • User Experience *Forbes Technology Counc
Slide 14: Q&A
Q&A Denver, CO © 2023 authID Inc. All Rights Reserved. -14- NASDAQ : AUID © 2023 authID Inc. All Rights Reserved.