Intellicheck : Q4 Investor Presentation

Published: 2025-03-24 17:37:11 ET IDN

Investor Presentation

NASDAQ:IDN

Q4 2024

The only 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.

Intellicheck Overview

Our SaaS solutions are used across various industries, both in-person and digitally, primarily as a white-label service.

Authenticated close to 100 million documents

in North America annually

Hardware free solution for rapid and cost-effective deployment, leveraging existing hardware in-person

28 State-level law enforcement agencies use Intellicheck for ID validation

Banking & Financial Services • Retail • Automotive • Social Media/E-Mail Healthcare •

Stadium Concessions • Law Enforcement

Alcohol, Tobacco and Cannabis Sales • Gaming • Title Insurance

Universities • Hospitality • Background Checks • Transportation Services

Positioned for Success

Q1 2025 had 100% renewal rates and when combined with upsells have an ACV exceeding

$10 million *

90%+

Gross margins consistently

Attractive current valuation of

~2x revenue

$28.5M

of historical NOLs should provide

substantial insulation from future tax liabilities**

Expectation of positive Adjusted EBITDA anticipated for 2025 positions us to drive significant operating leverage going forward

Magnitude of the Problem

Fraud and identity theft impacts multiple verticals, creating a significant addressable market

$23B

1 Billion+

$13B

In U.S. Fraud in 2023,

Victims of data breaches

In account takeover fraud -

impacting 15 million

worldwide2

a 15% increase1

people1

35%

79%

of identity misuse attributed

of auto dealerships had an

to new account creation in

identity fraud related loss

20232

within the last year3

Bottom Line:

Fraud Isn't Going Away!

Stealing an Identity is Cheap and Easy

A stolen portfolio provides everything needed to take over a victims account and start using it

In a single month…August 2024

2.9B

Shipments of fake

Records accessed

IDs intercepted by

in a massive data

Border Patrol1

breach2

4.3M

Customers were breached - including HSAs, FSAs, HRAs and 401K plans3

Consumer credit portfolios can be accessed for less than $50 on the dark web4

1. U.S. Customs and Border Patrol

Majority of Fraud is Prevented Through

Accurate ID Validation

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

Which means…parsing the data and comparing it to the front of the ID with traditional document templating won't cut it.

Management Team

Bryan Lewis

Chief Executive Officer,

President

Jonathan

Robins

Chief Technology

Officer

Chris Meyer

Senior Vice President of Sales

Adam Sragovicz

Chief Financial Officer

Scott

McCulley

VP Technology

Operations /

Information Security

Sandra

Bower

VP of Customer

Experience and

Account Management

Why use Intellicheck

to Stop Fraudsters and Safeguard Customers

Confidently prove identity in real-time with the only platform that leverages proprietary access to authoritative data in ID barcodes

Validate identity and stop fraud losses while meeting AML/KYC requirements

Leverage a unique approach that is highly accurate, instant, and fully automated

"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

"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

Disclaimer

IntelliCheck Inc. published this content on March 24, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 24, 2025 at 21:36:04.858.