Slide 1: Q3 2023 Results Conference Call
Know Who Is Behind The Device™ Q3 2023 Results Conference Call November 8, 2023 Denver, CO 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: Q3 2023 Financial Results: Key GAAP Measures
Q3 2023 Financial Results Key GAAP Measures 3 Months 9 Months Ended Sep 30 Ended Sep 30 2023 2022 2023 2022 Total Revenue $0.04M $0.03M $0.12M $0.26M Operating Expenses $3.8M $5.7M $7.6M $16.9M Net Loss from $3.7M $6.2M $16.4M $17.7M Continuing Operations Non-Cash / One-Time $1.8M $2.9M $10.4M $8.5M
Slide 4: Q3 2023 Financial Results: Remaining Performance Obligation
Q3 2023 Financial Results Remaining Performance Obligation Remaining Performance Obligation (RPO) Deferred Additional non-cancelable Total Revenue contracted revenue $0.10M $1.77M $1.87M • RPO represents deferred revenue and non-cancelable contracted revenue over the life of the contract that has no
Slide 5: Q3 2023 Financial Results: Non-GAAP Measures
Q3 2023 Financial Results Non-GAAP Measures 3 Months 9 Months Ended Sep 30 Ended Sep 30 2023 2022 2023 2022 Adjusted EBITDA Loss $2.1M $3.3M $6.0M $9.1M Gross bARR (Booked Annual $1.0M $0.04M $1.3M $0.03M Recurring Revenue) Net bARR (Booked Annual $1.0M $0.04M $1.2M $0.03M Recurring Revenue) ARR (An
Slide 6: CEO Remarks
Know Who Is Behind The Device™ CEO Remarks Denver, CO -6- NASDAQ : AUID © 2023 authID Inc. All Rights Reserved.
Slide 7: Q3 2023 – A Second, Consecutive Record Sales Quarter
Q3 2023 – A Second, Consecutive Record Sales Quarter Large Fintech for American Telehealth Fintech Platform for Consumer inclusive financial Company Digital Wallets Digital Bank network Net bARR from New Contracts $1.0M -7- © 2023 authID Inc. All Rights Reserved.
Slide 8: Well Positioned For Continued Growth
Well Positioned For Continued Growth Our Mission: Ensure cyber-savvy enterprises “Know Who’s Behind the Device” for every customer or employee login and transaction through our easy to integrate patented, identity life-cycle platform. Large & Growing Superior Product Experienced Market Performance D
Slide 9: Cause of Breaches: Companies Don't "Know Who is Behind the Device"
Cause of Breaches: Companies Don't "Know Who is Behind the Device" authID provides the fastest, most accurate patented Non-Biometric Data is Compromised Identity Life Cycle Platform, rooted in Biometrics • Onboard Good Customers Prevent Fraud • Block Fraudsters 2022 1800 US Data Breaches Eliminate R
Slide 10: Delivering World Class Biometrics with Speed, Precision & Seamless UX
Delivering World Class Biometrics with Speed, Precision & Seamless UX Input Processing Document Processing Biometric Processing • Facial Image Check/Anti- • Document Analysis Spoofing • Facial Performance ü 12,000+ ID Types, 248 ü iBeta Level 2 PAD Countries & Territories ü FMR 0.001% (0.00001) ü In
Slide 11: authID's Shared Device Solution - CSO50 Award
authID’s Shared Device Solution - CSO50 Award • Fortune 500 | NYSE: ABM | Est. 1909 Authenticate Multiple Users • 170,000 Employees | 300+ offices On Shared Devices • 2022 Annual Rev: $7.8 B • Seamless enrollment & authentication • Cloud biometrics, In-browser on any shared corporate device: mobile,
Slide 12: Growth Driven by Predictable Sales Execution
Growth Driven by Predictable Sales Execution -12- © 2023 authID Inc. All Rights Reserved.
Slide 13: Target Verticals
Target Verticals These Industries Recognize The Need To “Know Who Is Behind The Device” Financial Healthcare eCommerce Gig Economy Cyber-Security Services (OEM) Digital Account Opening P+ P P P P Login/Authentication P P P P P Account Reinstatement P P P+ P P High Risk/Value Transactions P+ P P+ P P
Slide 14: Pipeline and Bookings Continue To Grow
Pipeline and Bookings Continue To Grow Target Results to Date 12mo period from Jul 2023 – Jun 2024 8.7x $7.4M 27% growth vs. Q1-Q2 Pipeline POn-Track $30M Avg Created $1.1M $0.6M Q1 2023 Q2 2023 Q3 2023 4.3x $1.02M 34% growth Bookings 24x (bARR) growth $3M POn-Track $0.24M $0.01M Q1 2023 Q2 2023 Q3
Slide 15: Executing the Winning Formula
Executing the Winning Formula authID is on target to do better than plan. We’re revising our Bookings targets to reflect Q3 momentum. Original Target Revised Targets Jul 2023 – Jul 2023 – 2024 Jun 2024 Jun 2024 Jan-Dec Bookings (bARR) $3M $6M $9M -15- © 2023 authID Inc. All Rights Reserved.
Slide 16: Q&A
Know Who Is Behind The Device™ Q&A Denver, CO NASDAQ : AUID © 2023 authID Inc. All Rights Reserved.