Slides
Page 1
Investor Deck November 2025 NASDAQ: IDN
Page 2
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. 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 presentation reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward- looking statements, which speak only as of the date of this release. We assume no obligation to update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of this presentation. Forward-Looking Statements 2
Page 3
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. 3 The only SaaS-based identity validation and proofing service that uses a unique and proprietary analysis of DMV-issued IDs to create trusted, real-time customer identity verification experiences.
Page 4
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. Q3 Highlights Versus Prior Year 4 Net Revenue $6.0M SaaS Revenue 26% increase vs 2024 $5.9M 28% increase vs 2024 Gross Margin 91% per share Net Income turned positive at $290K EPS Improved to $0.01 Adjusted EBITDA improved to $631K remained strong at
Page 5
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. IDC MarketScape Leadership Highlights 5 Intellicheck was recognized as a Leader in the IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment Recognized for: • Real time frictionless onboarding and compliance with KYC/AML • Detecting synthetic identities and deepfakes • Easy integration into existing workflows and devices
Page 6
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. 6 Magnitude of the Problem – Fraud isn’t going away Bottom Line: Fraud Isn’t Going Away! $27B In U.S. Fraud in 2024, impacting 15 million people1 1. Javelin 2. Identity Theft Resource Center 3. Experian 2024 Global Identity & Fraud Report 4. eLEND study 1.5 Billion+ Victims of data breaches worldwide2 $16B In account takeover fraud - a 19% increase1 of auto dealerships had an identity fraud related loss within the last year4 79% of identity fraud attributed to new account creation in 20243 29%
Page 7
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. Majority of Fraud is Prevented Through Accurate ID Validation Which means…parsing the data and comparing it to the front of the ID with traditional document templating won’t cut it. Criminals copy AAMVA barcode standards that are publicly available online • No state, province or territory DMV uses the same AAMVA standard on its own—each DMV adds additional unique security features • No two states, provinces or territories use the same format, there are over 250 unique ID encryptions in circulation between the US, Canada and Mexico 7
Page 8
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. You May Never Have Heard of Us, But You Probably Used Us Auto, Financial Services, Real Estate, Age Restricted Account Generation/Verification • Physical and digital accounts • Instant credit, BNPL, Lease -to-Own, bank accounts, loans, automotive test drives and purchases, title insurance and more • Verification occurs both in-person or through website or mobile app Retail Card Not Present • “I forgot my store- branded credit card, can you look me up?” Return No-Receipt • Stolen goods returned for store credit Banking Branches, Call Centers • Quickly validate customers for risky transactions • Account updates to stop account takeover, address changes, lost card transactions and more Corporate Employee Onboarding • Verify applicants and remote employees Account Validation and Account Reset • Validate employees and partners with system access 8
Page 9
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. ID Validation Technology, Streamlined Intuitive and easy to use technology Cloud SaaS integrates with existing in-person, online and desktop workflows via existing hardware, mobile app, web portal or webhooks Integrates with existing retail / branch hardware • Point-of-sale scanner • Branch check scanner • Mobile app Frictionless and customer friendly • Fast, accurate validation eliminates “good customer frustration” and reduces abandonment • Easy one step process–no need for front, back and selfie Simplifies implementations with typically no new and costly hardware requirement 9
Page 10
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. Positioned for Success * Excluding bars and restaurants Very sticky customer base with a positive NRR of 28% Gross margins consistently ~90% $7.2 million and No debt Solid balance sheet Expectation of positive Adjusted EBITDA anticipated for 2025 positions us to drive significant operating leverage going forward Renewed focus on sales and marketing to drive growth 10
Page 11
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. Leaders Look to Intellicheck Two of the leading credit card Issuers Five of the largest 12 banks Major law enforcement agencies across the country 11
Page 12
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. We continued to increase our penetration for authentication with significant organizations and new use cases 2025 Significant Callouts 12 Leading Lease-to-Own company grew more than 700% yr/yr at Q3. Intellicheck works with two of top four LTO companies. One of the leading providers of banking software that serves as a platform for many credit unions is anticipated to be a significant growth driver for the channel program First American Title – expanded its AgentNet platform to include Intellicheck. Added passport verification, document liveness and selfie capture One of the most widely recognized brands in banking that is a top ten bank and one of the largest issuers of Visa and MasterCard credit cards renewed with a 15% increase Leading regional bank in the southeast added in branch validation resulting in a three year very high seven-figure total contract value Leading private label credit card issuer is going to start using Intellicheck for BNPL transactions at some of their retail clients
Page 13
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. Confidently prove identity in real-time with the only platform that leverages proprietary access to authoritative data in ID barcodes Why Our Customers Use Intellicheck to Stop Fraudsters and Safeguard Their Business “Prior to us using it in the field, we scanned over 1,000 known counterfeits, each one was detected.” New York State DMV Director of Investigations “A true gamechanger in stopping fraud, top 5 all time.” SVP of Fraud, top 5 Financial Services Company with over $1.7 trillion in assets Validate identity and stop fraud losses while meeting AML/KYC requirements Leverage a unique approach that is highly accurate, instant, and fully automated 13
Page 14
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. Balance Sheet (as of September 30, 2025) Cash & ST Investments: $7.2 million Stockholders’ Equity: $18.9 million Debt: $0 Q3 2025 Financial Highlights Net Income & Adjusted EBITDA Net Income: $290,000 Adjusted EBITDA: $631,000 Revenue Total Revenue: $6,014,000 SaaS Revenue: $5,868,000 Gross Margin: 91% 14
Page 15
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. Analyst Coverage / Institutional Holdings Mike Grondahl Northland Securities Rudy Kessinger DA Davidson 49% Clean cap table with approximately of common shares outstanding institutionally held as of 9/30/25 Scott Buck H.C. Wainwright Jeff Van Rhee Craig-Hallum 15
Page 16
Copyright © 2025 Intellicheck, Inc. All Rights Reserved. Trademarks owned by Intellicheck, Inc. Adjusted EBITDA Reconciliation 16 Adjusted EBITDA The reconciliation of GAAP net loss to Non-GAAP Adjusted EBITDA is as follows in thousands: We use Adjusted EBITDA as a non-GAAP financial performance measurement. Adjusted EBITDA is calculated by adjusting net loss for certain reductions such as interest and other income (expense) and certain addbacks such as non-restructuring severance expenses, provisions for income taxes, depreciation, amortization and stock-based compensation expense. Adjusted EBITDA is provided to investors to supplement the results of operations reported in accordance with GAAP. Management believes that Adjusted EBITDA provides an additional tool for investors to use in comparing our financial results with other companies that also use Adjusted EBITDA in their communications to investors. By excluding non-cash charges such as impairments of long-lived assets and goodwill, amortization, depreciation and stock-based compensation, as well as non-operating charges for interest and provisions for income taxes, investors can evaluate our operations and can compare the results on a more consistent basis to the results of other companies. In addition, Adjusted EBITDA is one of the primary measures management uses to monitor and evaluate financial and operating results. We consider Adjusted EBITDA to be an important indicator of our operational strength and performance of our business and a useful measure of our historical operating trends. However, there are significant limitations to the use of Adjusted EBITDA since it excludes non-restructuring severance expenses, provisions for income taxes, interest and other (expense) income, impairments of long-lived assets and goodwill, stock-based compensation expense, all of which impact our profitability, as well as depreciation and amortization related to the use of long-term assets which benefit multiple periods. We believe that these limitations are compensated by providing Adjusted EBITDA only with GAAP net loss and clearly identifying the difference between the two measures. Consequently, Adjusted EBITDA should not be considered in isolation or as a substitute for net loss presented in accordance with GAAP. Adjusted EBITDA as defined by us may not be comparable with similarly named measures provided by other companies.
Page 17
Trusted Real-Time Identity Verification Bryan Lewis CEO 516.453.6647 blewis@intellicheck.com Adam Sragovicz CFO 516.992.1985 asragovicz@intellicheck.com