Slide 1: Q1 2023 Results Conference Call
Q1 2023 Results Conference Call May 11, 2022 Slides Available @ 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: Financial Results for Q1 2023
Financial Results for Q1 2023 • Total Revenue was $0.04M for Q1 23, compared with $0.2M a year ago • Operating Expenses were $4.5M for Q1 23, compared with $5.2M a year ago • Loss was $5.2M for Q1 23, including non-cash & one-time severance charges of $3.0M, compared with a loss of $5.1M , including
Slide 4: Our Path Forward
Our Path Forward Denver, CO © 2023 authID Inc. All Rights Reserved. NASDAQ : AUID © 2023 authID Inc. All Rights Reserved.
Slide 5: New Executive Leadership
New Executive Leadership Rhon Daguro Joe Trelin Ken Jisser Michael Koehneman CEO & Director Chairman Director Director Thomas Szoke Michael Thompson Jacqueline White Director Director Director -5- © 2023 authID Inc. All Rights Reserved.
Slide 6: Market Demand
Market Scams, credential compromise, and data breaches make Demand the cost of legacy MFA too high… $4M- $9M $6M $2 - $8M Data Breach Costs Lost Productivity & Costs* ATO Costs* • Wages: Password entry, recall & reset Global & US Averages 2% to 8% of • Help Desk / IT PW costs - IBM DBIR 2022 $100M A
Slide 7: Verified Platform
Verified™ Unphishable, Identity-First Security. Platform Frictionless Experience. Identity 1 Onboarding 2 Adaptive 3 Re-Affirmation Life Cycle Authentication Automated Identity FIDO2 Biometric Chain Of Verification Passwordless MFA Trust © 2023 authID Inc. All Rights Reserved.
Slide 8: Proven Sales Framework
Proven Sales Framework Metrics Economic Buyer Decision Process Joint MEDDICC Decision Criteria Execution Plan Identified Pain Champion Competitor -8- © 2023 authID Inc. All Rights Reserved.
Slide 9: High Performance Sales Culture
High Performance Sales Culture authID University Customer Focused Compete To Win -9- © 2023 authID Inc. All Rights Reserved.
Slide 10: Go-To-Market Approach
Go-To-Market Approach • Trusted remote worker identity verification • Streamlined, trusted customer onboarding • Secure access to IT infrastructure – No • Phishing-resistant, passwords FIDO2 passwordless authentication • Adaptive authentication for privileged • Patented cloud-biometric audit-trail
Slide 11: Current Sales Activity
Current Sales Activity Revisit Top 200 20+ Past 600 Targets Active Prospects Strategic 100 and Tactical 100 Opportunities -11- © 2023 authID Inc. All Rights Reserved.
Slide 12: Q&A
Q&A Denver, CO © 2023 authID Inc. All Rights Reserved. -12- NASDAQ : AUID © 2023 authID Inc. All Rights Reserved.