Intellicheck, Inc. · NASDAQ:IDN
Intellicheck — Investor Presentation (October 2022)
23 slides from Intellicheck's investor presentation, Oct 17, 2022
Slide 1: Intellicheck Investor Presentation
Intellicheck Investor Presentation October 2022 Copyright © 2021 Intellicheck
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Forward-Looking Statements: This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the forward-looking statements in this pr
Slide 3: Who We Are
Who We Are • We believe Intellicheck is the best first step in identity validation for Fraud Prevention, AML/KYC, and for the sale of age-restricted products • Our unique approach is highly accurate, instant and fully automated – “Prior to us using it in the field, we scanned over 1,000 known counte
Slide 4: Magnitude of the Problem in 2021
Magnitude of the Problem in 2021 Type US Victims (Millions) Total Fraud Amount Mean Fraud Amount per (Billions) Victim Total Fraud 15.3 $23.8 $1,551 Existing Account Fraud 14.1 $17.1 $1,526 New Account Fraud 4.9 $6.7 $2,720 Account Takeover Fraud 5.2 $11.4 $2,169 Copyright © 2021 Intellicheck 4
Slide 5: How We are Used – current main use cases
How We are Used – current main use cases • New account opening both physical and digital – Credit cards, BNPL, bank accounts, loans – In-person or through website or mobile app • Card-not-present – “I forgot my store-branded credit card; can you look me up” • Bank branches and call centers – Validat
Slide 6: Problems We Solve
Problems We Solve KYC / FRAUD Age Account open Age verification Account access Purchase velocity Due diligence Customer experience No receipt returns Customer experience Copyright © 2021 Intellicheck 6
Slide 7: What Makes Intellicheck Unique
What Makes Intellicheck Unique • We do not rely on easily spoofed document templates as the “competition” does • The competition needs a photo of a license to compare it to a template database to validate the license. If the “AI” can’t make a determination, it is sent for human review, leading to ac
Slide 8: Where We Are
Where We Are • Both digital and physical use cases • 7 of the top 15 financial institutions • Over 3,800 bank branches • Over 30,000 retail locations • Over 65 law enforcement agencies with 25 at the State level Copyright © 2021 Intellicheck 8
Slide 9: The Intellicheck Platform
How We Do It Validate Match Identify Analyze Identity Identity Risk Data • Gather ID (driver’s license, • If the client desires, user takes • Use additional signals, as • Intellicheck provides robust passport, international a selfie for facial match on requested, that include device reporting to sup
Slide 10: What We Deliver
What We Deliver IDN-Portal • Mobile app-based ID validation • Rapid implementation - Turn it on and it works IDN-Portal+ • Web-based no-integration platform • Advanced analytics and signal detection IDN-Direct • API-driven identity validation • Bring Intellicheck into your process • Your branding, y
Slide 11: How We Do It In-Person
How We Do It In-Person Retailer or customer scans Intellicheck receives, decrypts Intellicheck receives, barcode on ID and analyzes barcode data decrypts and analyzes data and returns the results – from a simple ID validation Results in under a second to full AML/KYC Copyright © 2021 Intellicheck 11
Slide 12: How We Do It – Digital (Person Not Present)
How We Do It – Digital (Person Not Present) Whether the customer kicks of the transaction on website, mobile app or a call center employee over the phone, by entering a mobile number for a text or scanning a QR code, or direct from a mobile app, the customer is led through this journey: Customer sca
Slide 13: Why Intellicheck
Why Intellicheck Accurate Fast Over 99.9% accuracy Results in < a second Less fraud – fewer penalties Faster validation Better Experience Quick Set-up Fewer user steps No new hardware Rest API or sign-up + use Greater user retention Be up and running in >1 hour Copyright © 2021 Intellicheck 13
Slide 14: Recent Developments
Recent Developments • Named Jeffrey Ishmael as Chief Financial Officer – Founding CFO and employee #7 for SaaS startup Cylance, Inc. – Cylance sold 4 years later to Blackberry for $1.4 Billion – Brings to table rapid growth experience, systems knowledge, experience in the cybersecurity sector • Larg
Slide 15: Notable H1 Wins
Notable H1 Wins Copyright © 2021 Intellicheck 15
Slide 16: Notable Wins
Notable Wins • Began the security audit with a new Top-5 bank for a proof of concept – Initial use case is for teller workstations, others in discussion • 2 major renewals completed with price increases, effective Q2 – Retailer with 1,100 locations at an increase of 33% – Retailer with 1,000 locatio
Slide 17: Notable Wins
Notable Wins • Financial Services Company #7 rolled Intellicheck out in Canada • Signed a global investment bank-owned financial solutions provider to 15,000 retailers. First use case will be digital credit for one of our existing brick-and-mortar home improvement retailers • Reseller providing an o
Slide 18: Notable Wins – New Markets
Notable Wins • New Markets – Signed a PE-owned media and tech giant to provide secure password resets to email accounts – Awarded the New Hampshire State Unemployment RFP Copyright © 2021 Intellicheck 18
Slide 19: SaaS Revenue 2019 through 2021
SaaS Revenue 2019 through 2021 DRIVERS of SaaS GROWTH YEARLY SaaS REVENUE • 99%+ effectiveness of ID authentication solution in ($ in 000s) both person-present and person-not-present environments $14,000 $12,000 • Instant authentication results. Fully automated. No human intervention required due to
Slide 20: Financial Overview
FINANCIAL OVERVIEW Copyright © 2021 Intellicheck
Slide 21: Q2 2022 Financial Highlights
Q2 2022 FINANCIAL HIGHLIGHTS • Total Revenue: $4,008,000 (-16% YoY) Revenue Growth • SaaS Revenue: $3,928,000 (+21% YoY) • Gross Margin: 91.0% • Cash: $11,957,000 Balance Sheet • Stockholders’ Equity: $18,360,000 (as of JUNE 30) • Debt: $0 Net Income • Net Loss: ($1,098,000) vs. Net Loss prior year:
Slide 22: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION Adjusted EBITDA We use Adjusted EBITDA as a non-GAAP financial performance measurement. Adjusted EBITDA is calculated by adjusting net income (loss) for certain reductions such as gains on debt forgiveness and interest and other income and certain addbacks such as inco
Slide 23: Contact
BRYAN LEWIS CEO 516.453.6647 blewis@intellicheck.com GAR JACKSON Global IR Group 949.873.2789 gar@globalirgroup.com info@intellicheck.com Intellicheck.com Copyright © 2021 Intellicheck