authID Inc.

Recording in progress.

Greetings and good afternoon. This is Graham Arad, General Counsel at AuthID. Welcome to the AuthID second quarter 2024 results conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. During the call and during the Q&A session, you can submit written questions using the Q&A button at the bottom of your screen. If you would like to ask a live question at the appropriate time, please indicate that using the quick Q&A function or tap raise your hand and you will be invited to speak. As a reminder, this conference is being recorded. With me on today's call are our CEO, Ron DeGuro, and our CFO, Ed Salito. By now, you should have access to today's press release announcing our second quarter 2024 results. If you have not received this, the release can be found on our website at www.orthid.ai under the investor relations section. Throughout this conference call, we will be presenting certain non-GAAP financial information. This information is not calculated in accordance with GAAP and may be calculated differently from other companies similarly titled non-GAAP information. Quantitative reconciliation of our non-GAAP-adjusted EBITDA information to the most directly comparable GAAP financial information appear in today's press release. Before we begin our formal remarks, let me remind everyone that part of our discussion today will include forward-looking statements. Such forward-looking statements are not guarantees of future performance, and therefore you should not put undue reliance on them. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. Some of these risks are mentioned in today's press release. Others are discussed in our Form 10-K and other filings, which are made available at www.sec.gov. I'd now like to introduce our CEO, Ron DeGura.

Thank you, Graham. And thank you, everyone, for joining us this afternoon. Our value proposition continues to resonate strongly in the market as we help our customers defeat identity fraud and malicious AI-generated cyber attacks. Let me spend a few moments on one of the attacks our customers are concerned about. On the screen, you will see an AI tool that generates deepfake voices, which is readily available on the internet. These tools are used to attack call centers, customer support, and help desks to conduct an account takeover. Using tools like the one you see here, any fraudster can type in a few words, train the voice model from any public YouTube video, and in seconds, they have a synthetic voice saying exactly what the fraudster wants. Let's hear what our fraudster has to say.