Slide 1: Protect your brand. Grow your business.
NASDAQ:VRME Protect your brand. Grow your business. Third Quarter 2024 Investor Conference Call November 12, 2024 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 Overall Performance • Anticipate YoY 2024 revenue slightly below 2023 (2) 1 • Anticipate YoY 2024 gross profit and gross margin above 2023 (2) • Anticipate YoY 2024 adjusted EBITDA (1) above 2023(2) • Q3 2024 is 5th consecutive quarter of positive adjusted EBITDA Capital 2 • Total
Slide 6: Financials
NASDAQ:VRME Financials – Q3 2024 Financial Highlights – Balance Sheet www.VerifyMe.com 6
Slide 7: Q3 Financial Highlights
Q3 Financial Highlights Revenue • Growth of $0.4M or 9% in Proactive Services • Decline related to previously announced discontinued contract in premium services, and $5.4M 3% lack of Authentication segment growth Gross Profit 35% compared to • Continue to show improvements in Proactive Services mar
Slide 8: Balance Sheet
Balance Sheet September 30, 2024 December 31, 2023 ($ in thousands) (Unaudited) Assets Cash and cash equivalents $2,610 $3,095 1,986 4,299 Accounts receivable and unbilled revenue Intangible assets & Goodwill 9,511 12,311 Other assets 722 1,000 Total Assets $14,829 $20,705 Current Liabilities $2,265
Slide 9: Q&A
NASDAQ:VRME Q&A www.VerifyMe.com Confidential Property of VerifyMe 99
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 2024 2023 2024 2023 Net (Loss GAAP) $ (2,424) $ (930) $ (3,323) $ (3,392) Interest expense, net 29 39 109 127 Amortization and depreciation 306 295 905 835 Total EBITDA
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