Slide 1: FY 2021 Earnings Conference Call
© 2022 authID.ai. All Rights Reserved. New York | Bogota | London | Johannesburg NASDAQ : AUID © 2022 authID.ai. All Rights Reserved. FY 2021 Earnings Conference Call March 21, 2022 Slides Available @ 8:30am
Slide 2: Disclaimer and forward-looking statements
© 2022 authID.ai. All Rights Reserved. • This Presentation and information provided at a meeting at which it is presented (the “Presentation") has been prepared on the basis of information furnished by the management of authID . ai or Ipsidy Inc . (“authID . ai” or the “Company”) and has not been in
Slide 3: AUID Announces a $22.5 Million Fundraise
© 2022 authID.ai. All Rights Reserved. • Financing expected to meet all projected working capital through 2023 • Participants include existing and new investors, and a majority of the Board and Senior Management team who invested over $1.5M AUID Announces a $22.5 Million Fundraise - 3 - ~Amount Inst
Slide 4: Our Vision: Authentication will be "Stepped Up"
Our Vision: Authentication will be “Stepped Up” LEGACY AUTHENTICATION • High Friction • Low Security BIOMETRIC AUTHENTICATION • Low Friction • High Security • Something you have (Device) • Something you are (Biometric) • Indisputable Audit Trail • Something you know (Password) • Something you have (
Slide 5: Our Mission
Our Mission © 2022 authID.ai. All Rights Reserved. - 5 - © 2021 authID.ai. All Rights Reserved. Step up from pincodes & passwords. Know who’s behind the device. Recognise Your Customer without friction, whenever and wherever they transact.
Slide 6: Legacy & Device Authentication Is Not Enough
Legacy & Device Authentication Is Not Enough Passwords & OTP easily compromised authID transforms identity assurance Which User? Pincode Partially Verified Device Token Biometric Fraud - prone Knowledge based No Identity/User Assurance Fraud - Proof FIDO2 Cryptographic Token Selfie Ties Identity to
Slide 7: authID Defends Against All Fraud Problems
© 2022 authID.ai. All Rights Reserved. authID Defends Against All 3 Fraud Problems - 7 - Third Party Fraud First Party Fraud Individual gives their identity to another person who commits fraud • Age verification for alcohol, gambling, cannabis • Medical Treatment & Deceased identity theft • $50 Bill
Slide 8: Experienced & Diverse Team
Experienced & Diverse Team Tom Thimot CEO & Director Tripp Smith President & CTO Peter Curtis CMO Grace de Fries SVP MarCom & IR Jeremiah Mason SVP Product Steve Fazio SVP Sales Brittney Liburd Product Marketing Christabel Bugla Customer Success Joe Schwartz Sales Donny Deaile Sales Inside Sales Tea
Slide 9: Elevating Our Brand & Thought Leadership
Elevating Our Brand & Thought Leadership Positioning as the leading offering in identity authentication Oct '21 – Feb '22 Digital Demand Awareness PR/Media Content 20+ in ‘22 Market Presence 116% Increase in Website Visits Q1 ‘22 (vs. Q1 ‘21) - 9 - © 2022 authID.ai. All Rights Reserved.
Slide 10: Best-in-Class, Privacy-First Technology
Best - in - Class, Privacy - First Technology Enhanced UI/UX, Workflow, & Speed • Modern UI/UX - easier to onboard and authenticate users • Enhanced guidance & tutorials ease user adoption • Improved speed and ease of selfie capture • Streamlined workflow for device transition Patented. Award Winnin
Slide 11: Where Are We On Our Journey?
Where Are We On Our Journey? October 2021 Launched “Minimal Viable Product” Q1 - Q2 2023 We are here Working with early prospects to enhance product adoption Metrics ~Mid - 2022 Begin to attain critical mass - 11 - © 2022 authID.ai. All Rights Reserved.
Slide 12: New Customer & Proof of Value (POV) Examples
New Customer & Proof of Value (POV) Examples • Platform has costly, complex identity verification processes of new merchants & risky consumer transactions. • POV for merchant identity verification and authentication of selective, fraud - flagged transactions • Potential value derived: – Eliminate fr
Slide 13: Customer Pipeline Examples
Customer Pipeline Examples Financial Lending Fintech Notary Platform iGaming Platform SaaS Provider to Accounting Firms Ecommerce Health Reduced Credential Phishing Risk & Account Takeover Enhanced Identity Assurance @ Remote Onboarding Biometric Transaction Audit Trail - 13 - © 2022 authID.ai. All
Slide 14: Financial Highlights - Year Ended December 31, 2021
• Total revenue was $2.3 million, compared with $2.1 million for 2020 • Net loss was $17.7 million, compared with a net loss of $11.3 million for 2020 • Basic and fully diluted net loss per share was $0.83 compared with $0.63 for 2020 • Adjusted EBITDA loss was $8.96 million, compared with $5.18 mil
Slide 15: Q&A
© 2022 authID.ai. All Rights Reserved. © 2022 authID.ai. All Rights Reserved. Q&A New York | Bogota | London | Johannesburg NASD - A 1 5 Q - : AUID
Slide 16: Sources and market statistics
© 2022 authID.ai. All Rights Reserved. - 16 - Sources: 1. Roland Berger, 2021 research cited by consultancy.eu ; 2. Experian , Global Identity Fraud Report , 2021. 3. Mordor Intelligence 2021 Report 22.7% Projected CAGR for the Biometrics as a Service market between 2021 and 2026. Mordor Intelligenc