Slide 1: Second Quarter 2022 Investor Conference Call
www.VerifyMe.com Confidential Property of VerifyMe Protect your brand. Grow your business. Second Quarter 2022 Investor Conference Call August 16, 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 PeriShip, LLC by VerifyMe, Inc. and integration of the two companies, anticipated synergies of the acquisition, revenue opportunities, anticipated r
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 (8/8/2022): $1.86 Confidential Property of VerifyMe Shares Outstanding (8/8/22): 8.5 Million Market Cap: $16 million Cash Balance: $3.8 million as of June 30, 2022 Debt: $2.0 million as of June 30, 2022 Revenues
Slide 6: Q2 Highlights
Q2 Highlights www.VerifyMe.com ✓ Revenue of $4.5 million(1) for the quarter ✓ Organic revenue growth of 115% compared to Q2 2021 Confidential Property of VerifyMe ✓ Net Loss of $12.6 million in Q2 2022 (inclusive of write off of $11.2 million related to the SPAC), compared to $1.4 million in Q2 2021
Slide 7: Q2 Business Highlights
Q2 Business Highlights www.VerifyMe.com ✓ PeriShip Acquisition: • Critical time and temperature product shipping logistics specialist Confidential Property of VerifyMe • FedEx contract • Approximately 45 Employees • 400+ Clients, • Major Pharmaceutical / Food and Beverage Clients ✓ Barrington Resear
Slide 8: Synergies – Product Centric
www.VerifyMe.com SYNERGIES – “Product” Centric Confidential Property of VerifyMe - Cross Selling: - Cross Selling: - Logistics Services - Product Authentication - Product Serialization - Share Market Segments - Consumer Engagement - Pharmaceutical (DSCSA) - Vaccine - Share Market Segments - Food and
Slide 9: 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 9
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 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 (expenses), net 23 - 22 - Confid
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