Slide 1: Protect your brand. Grow your business.
NASDAQ:VRME Protect your brand. Grow your business. F ourth Quarter 2024 Inves tor Conference Call March 6, 2025 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 www.VerifyMe.com 4
Slide 5: Strategic Snapshot
Strategic Snapshot Overall Performance • YoY 2024 revenue 4% below 2023 1 • YoY 2024 gross profit increased 8% and gross margin increased 4% • YoY 2024 adjusted EBITDA (1) significant increase from 2023 • Q4 2024 is 6th consecutive quarter of positive adjusted EBITDA Capital 2 • Total cash net of de
Slide 6: Financials
NASDAQ:VRME Financials – Q4 2024 Financial Highlights – Balance Sheet www.VerifyMe.com 6
Slide 7: Q4 Financial Highlights
Q4 Financial Highlights Revenue • Decline largely related to previously announced discontinued contract in Premium services, and lack of Authentication segment growth $7.7M • Proactive revenue decline primarily due to lower seasonal shipping volumes and shipping days in 2024 vs 2023 Gross Profit 32%
Slide 8: Balance Sheet
Balance Sheet ($ in thousands) December 31, 2024 December 31, 2023 Assets Cash and cash equivalents $2,823 $3,095 Accounts receivable and unbilled revenue 3,369 4,299 Intangible assets & Goodwill 9,353 12,311 Other assets 522 1,000 Total Assets $16,067 $20,705 Current Liabilities $3,739 $4,641 Accou
Slide 9: Closing Remarks
Closing Remarks The Company has a cashflow positive business that provides a needed service, and we will continue to identify avenues for potential expansion The Company has a strong balance sheet and $0.46 cents per share of cash on hand as of February 28, 2025 The Company has access to low cost ca
Slide 10: Q&A
NASDAQ:VRME Q&A www.VerifyMe.com Confidential Property of VerifyMe 10 10
Slide 11: Appendix
NASDAQ:VRME Appendix www.VerifyMe.com Confidential Property of VerifyMe 11
Slide 12: 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 13: Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA (In Thousands) Three Months Ended Year Ended December 31 December 31 2024 2023 2024 2023 Net (Loss) Income (GAAP) $ (501) $ 2 $ (3,824) $ (3,390) Interest expense, net 21 $ 34 130 161 Amortization and depreciation 307 $ 299 1,212 1,134 Total EBITD
Slide 14: 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 14