Slides
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© 2025 authID Inc. All Rights Reserved. Q2 2025 Results Conference Call August 14, 2025
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© 2025 authID Inc. All Rights Reserved. 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 independently verified by any third party. This Presentation is provided for information purposes only. This Presentation is not an offer to sell nor a solicitation of an offer to buy any securities. While the Company is not aware of any inaccuracies, no warranty or representation is made by the Company or its employees and representatives as to the completeness or accuracy of the information contained herein. This Presentation also contains estimates and other statistical data made by independent parties and us relating to market size and other data about our industry. This data involves a number of assumptions and limitations, and you should not give undue weight to such data and estimates. Information contained in this Presentation or presented during this meeting includes “forward-looking statements.” All statements other than statements of historical facts included herein, including, without limitation, those regarding the future results of operations, growth and sales, potential contract signings, booked Annual Recurring Revenue (bARR) (and its components cARR and UAC), Annual Recurring Revenue (ARR), cash flow, cash position and financial position, business strategy, plans and objectives of management for future operations of both authID Inc. and its business partners, are forward-looking statements. Such forward-looking statements are based on a number of assumptions regarding authID’s present and future business strategies, and the environment in which authID expects to operate in the future, which assumptions may or may not be fulfilled in practice. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors, including the Company’s ability to attract and retain customers; successful implementation of the services to be provided under new customer contracts and their adoption by customers' users; the Company’s ability to compete effectively; changes in laws, regulations and practices; the increase in international tariffs and uncertainty over international trading conditions, changes in domestic and international economic and political conditions, the impact of the wars in Ukraine and the Middle East, inflationary pressures, increases in interest rates, and others. See the Company’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2024, filed at www.sec.gov and other documents filed with the SEC for other risk factors which investors should consider. These forward-looking statements speak only as to the date of this presentation and cannot be relied upon as a guide to future performance. authID expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this presentation to reflect any changes in its expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based. This Presentation contains references to the Company’s and other entities’ trademarks. Such trademarks are the property of their respective owner. The Company does not intend its use or the display of other companies’ trade names or trademarks to imply a relationship with or endorsement of the Company by any other entity. By reading this Presentation or attending a webcast or meeting at which it is presented you accept and agree to these terms, disclaimers and limitations. Disclaimer & Forward Looking Statements -2-
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© 2025 authID Inc. All Rights Reserved. CEO Remarks
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© 2025 authID Inc. All Rights Reserved. Largest Revenue Quarter -4- 0.04M 0.04M 0.07M 0.16M 0.28M 0.25M 0.20M 0.30M 1.44M Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
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© 2025 authID Inc. All Rights Reserved. Every Identity Stack Will Include Biometrics -5- Biometrics Provides The Highest Level of Security
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© 2025 authID Inc. All Rights Reserved. AuthID & NEC Launch IDX – Protecting Enterprises -6- Secure by Design – IDX Eliminates Attacks 16 Billion Passwords Exposed
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© 2025 authID Inc. All Rights Reserved. Second Quarter 2025 Highlights -7- UK-Based Fortune 500 Large Retailer • Successful pilot • Thousands of employees are live • PrivacyKeyTM launch • ProofTM & Password Reset NEC – Large Biometric Hardware Provider • Global IDXTM deployment • Create interoperable IDs between companies and countries • Solves common supply chain security and authentication issues • Ram Menghani, former NEC Exec, added to the Board of Directors Prove – Large Fraud Platform • Integration with leading global anti- fraud solution • Press release, webinar series, launch event • PrivacyKey & Proof • First live customer expected in August Fortune 500 Intl. HCM & Benefits Co. • PrivacyKey pilot advancing • Planned Global rollout • 100-plus countries • Multi-million potential users Getting Customers Live and Ramping Faster on a Global Scale
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© 2025 authID Inc. All Rights Reserved. POCs Shift to Pilots -8- Accelerate Time To Go-Live and Time To Revenue Testing Technology Verifying Use Case Applying Technology in Live Operations Live Production RevenueProof of Concept (POC) Paid Pilot • Completed Vendor Onboarding • Integration to Customer Platform • Established Contractual Framework • Validated User Experience • Customer Investment in Capital and Resources Pre-Product General Availability Product General Availability Today
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© 2025 authID Inc. All Rights Reserved. PrivacyKey Keeps Getting Better -9- Winning Performance and Capabilities in the Market 98% 1.5% 0.5% User Acceptance Rate by Attempt 1 2 3 Tx Attempts Production Data 07/01/25 - 08/01/25 PrivacyKey General Availability Performance • 98% Acceptance Rate on the First Attempt • 22ms Authentication Speed • 1:1Bn False Match Rate Accuracy • No Biometric Storage Launch of PrivacyKey One to Many Search • Sub-Second Performance • SDKs for On-Device Search • Time & Attendance and Pay-by-Face Use Cases
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© 2025 authID Inc. All Rights Reserved. Supply Chain ID Vulnerabilities – and the Solution $61B Identity Management Market by 2032 -10- Suppliers Factories Warehouse Distributors PROBLEM: Contractors hand off to other parties who share their access without approval, endangering the enterprise with liability, fraud, and theft SOLUTION: IDX prevents Identity sharing while providing cross-org authentication while complying with global regulations Built on the ADIA standard with NEC IDX ensures every ID has a known real human owner – Bound to their Biometric HQ
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© 2025 authID Inc. All Rights Reserved. CFO Remarks
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© 2025 authID Inc. All Rights Reserved. -12- 2025 Q2 GAAP Financial Results Revenue ($M) Operating Expenses ($M) Net Loss ($M) Non-Cash & One-Time Severance Charges ($M) Net Loss Per Share Continuing Operations 0.28M 0.44M 1.44M 1.74M 3.6M 6.9M 5.9M 10.6M 3.3M 6.3M 4.4M 8.7M $0.34 $0.67 $0.33 $0.72 0.8M 1.6M 1.1M 1.6M 3 months 6 months 3 months 6 months 3 months 6 months 3 months 6 months3 months 6 months ‘24 ‘25 ‘24 ‘25 ‘24 ‘25 ‘24 ‘25 ‘24 ‘25 ‘24 ‘25 ‘24 ‘25 ‘24 ‘25 ‘24 ‘25 ‘24 ‘25
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© 2025 authID Inc. All Rights Reserved. -13- 2025 Q2 GAAP Financial Results • RPO represents deferred revenue and non-cancelable contracted revenue over the life of the contract that has not yet been recognized. • Contracts are typically signed with a minimum 3-year term. Period Ending Change Q2 2025 Q4 2024 Deferred Revenue $1.15M $0.22M +$0.93M Additional non-cancelable contracted revenue $12.62M $14.04M ($1.42M) Total Remaining Performance Obligation (RPO) $13.77M $14.26M ($0.49M) Remaining Performance Obligation
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© 2025 authID Inc. All Rights Reserved. -14- Cash Balance $8.3M 13.4M Shares Outstanding +$8.5M net proceeds from April & May 2025 Capital Raises +2.2M shares from April & May 2025 Capital Raises 2025 Q2 GAAP Financial Results Balance Sheet Highlights
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© 2025 authID Inc. All Rights Reserved. -15- 2025 Q2 Non-GAAP* Financial Results Adjusted EBITDA Loss ARR Annual Recurring Revenue bARR Booked Annual Recurring Revenue** 3 months ended June 30 6 months ended June 30 $0.91M $0.35M $1.24M $0.27M Q2 2024 Q2 2025 2024 Est. UAC * See Q2 2025 Earnings Press Release for important information about Non-GAAP Measures **cARR = Committed Annual Recurring Revenue, Est. UAC = Estimated Usage Above Commitment 2024 2025 $2.15M $0.63M $0.91M $0.39M $1.25M $0.33M Q2 2023 Q2 2024 2025 Est. UAC $2.16M $0.73M 2024 2025 2.5M 4.9M 3.4M 7.3M 3mo 6mo‘24 ’25 ‘24 '25 1.1M 5.8M Q2 2024 Q2 20253 months 6 months 2024 cARR 2025 cARR
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© 2025 authID Inc. All Rights Reserved. -16- Revenue Growth Stages Progressing through our growth stages to build a sustainable, recurring revenue stream Stage Measurement 2024 FY Results 2025 Q2 YTD Results 1 Bookings Secure new customer contracts with booked Annual Recurring Revenue Booked Annual Recurring Revenue (bARR) $9.01M $2.16M 2 Financial Commitments Establish contractual commitments from customers Remaining Performance Obligation (RPO) $14.26M $13.77M 3 Revenue • Implement new customers and recognize revenue • Ramp usage and exceed minimum commitments GAAP Revenue $0.89M $1.74M 4 Retention and Expansion Retain customer contracts and expand relationships with upsells and cross-sells Retention Rate Net Revenue Retention 2025 Focus
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© 2025 authID Inc. All Rights Reserved. Q&A