VerifyMe, Inc. · NASDAQ:VRME
VerifyMe — Investor Presentation (September 2022)
17 slides from VerifyMe's investor presentation, Sep 8, 2022
Slide 1: Investor Presentation September 8, 2022
www.VerifyMe.com Confidential Property of VerifyMe Protect your brand. Grow your business. Investor Presentation September 8, 2022 NASDAQ:VRME NASDAQ:VRME
Slide 2: Agenda
www.VerifyMe.com Agenda ➢ Welcome & Introductions Confidential Property of VerifyMe ➢ Operations Update ➢ Financial Review ➢ Q&A ➢ Closing Remarks NASDAQ:VRME 2
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS www.VerifyMe.com In addition to historical information, this presentation contains statements relating to the acquisition of the business and assets of PeriShip, LLC by VerifyMe, Inc. and integration of the two companies, anticipated synergies of the acquisition, revenue o
Slide 4: Welcome Remarks
www.VerifyMe.com Welcome Remarks Scott Greenberg Chairman Confidential Property of VerifyMe ➢ Remarks ➢ Future Outlook NASDAQ:VRME 4
Slide 5: Financial and Equity Snapshot
www.VerifyMe.com Financial and Equity Snapshot Exchange/Ticker: NASDAQ: VRME Stock Price (9/6/2022): $1.52 Shares Outstanding (9/6/2022): 9.1 Million Confidential Property of VerifyMe Market Cap: $13.8 million Cash Balance: $3.8 million as of June 30, 2022 Debt: $2.0 million as of June 30, 2022 Reve
Slide 6: Software driven logistics and complimentary services
www.VerifyMe.com Provide software driven logistics and complimentary services Confidential Property of VerifyMe Strong Sticky Global Sales Strategic Leadership Customer Network Industry Focus Team Base NASDAQ:VRME 6
Slide 7: Global Sales Network
www.VerifyMe.com Global Sales Network Confidential Property of VerifyMe ✓ Offices in New York, Connecticut, Boston, Switzerland and Texas ✓ Strategic sales partners in UK and India with others coming online NASDAQ:VRME 7
Slide 8: Revenue by Market Sector for the Quarter
Revenue by Market Sector for the Quarter www.VerifyMe.com 3% 2% Confidential Property of VerifyMe 18% 6% 1% 69% Pharma Agriculture Apparel Food & Beverage Health & Beauty Other NASDAQ:VRME 8
Slide 9: Growth Strategy
www.VerifyMe.com Growth Strategy Segment Q2 % Revenue Hurdle Action ✓ Sales & marketing campaign Confidential Property of VerifyMe Increase presence PeriShip 94% ✓ Focus on small and medium to grow revenue market ✓ Acquisition of PeriShip with over 400 customers ✓ Cross selling VerifyMe 6% Long sale
Slide 10: Financials
10 www.VerifyMe.com Confidential Property of VerifyMe NASDAQ:VRME Financials
Slide 11: Q2 2022 Selected Financial Highlights
Q2 2022 Selected Financial Highlights www.VerifyMe.com Q1 2022 Q2 2022 YTD 2022 Confidential Property of VerifyMe Revenue 161 4,497 4,658 Gross profit 123 1,685 1,808 Gross margin 76% 37% 39% General and administrative expenses 1,465 2,535 4,000 Sales and marketing expenses 299 447 746 Net Loss (1,3
Slide 12: Revenue and Gross Profit
Revenue and Gross Profit www.VerifyMe.com $5,000 $4,658 $4,500 $4,000 Confidential Property of VerifyMe $3,500 $ in Thousands $3,000 $2,500 39% $2,000 $1,808 $1,500 $1,000 $867 82% $599 NASDAQ:VRME 82% $500 61% $343 $245 $200 $281 $75 $46 $0 FY 2018 FY 2019 FY 2020 FY 2021 * YTD 2022 Revenue Gross P
Slide 13: Balance Sheet
www.VerifyMe.com June 30, 2022 December 31, 2021 Balance Sheet ($ in thousands) Assets (unaudited) Cash and cash equivalents $3,751 $9,422 Accounts receivable and Key Highlights unbilled revenue 2,360 297 Confidential Property of VerifyMe Equity Investment - 10,964 10,609 - Intangible assets & Goodw
Slide 14: Q&A
www.VerifyMe.com Confidential Property of VerifyMe NASDAQ:VRME 14 Q&A
Slide 15: Appendices
15 www.VerifyMe.com Confidential Property of VerifyMe NASDAQ:VRME Appendices
Slide 16: Non-GAAP Reconciliation – Adjusted EBITDA
Non-GAAP Reconciliation – Adjusted EBITDA(1) www.VerifyMe.com Amounts in Thousands ('000) For the six months ended June 30 2022 Three Months Ended Six months ended June 30, June 30, ADJUSTED EBITDA (Non-GAAP) 2022 2021 2022 2021 Net loss $ (12,555) $ (1,358) $ (13,949) $ (2,573) Interest income (exp
Slide 17: Protect your brand. Grow your business.
Protect your brand. Grow your business. US Headquarters 75 S Clinton Avenue Suite 510 Rochester NY 14604 +1 585 736 9400 info@verifyme.com 17