Investor Presentaiton
Yubico in short
Problem we solve
•
.
Estimated worldwide spending on authentication c. USD 5bn
in 2023
9 out of 10 cybersecurity breaches are caused by employee
mistakes (e.g., use of stolen credentials, phishing or misuse)
Phishing-resistant multi-factor authentication (MFA; i.e.,
password + 2nd source of ID) is the best solution to this problem
yubico
Most secure solution to the number #1 security issue
Key figures (2022)
SEKI.6bn
Net sales
6
Product
Hardware authentication
token (key)
~50%
CAGR ('16-'22)²
I
|
132%
Users
Enterprise (focus), SMB' and
consumer
-390
Employees³
Avg. annual
repurchase rate 2017-22
by top 25 customers
from the 2017 cohort
Services
Full enterprise offering
Revenue model
Perpetual and subscription
Source: Company information, IDC Research
Not: 1) Small and medium sized businesses; 2) 2016 net revenues are based on Yubico's annual report 2016, 3) As of February 2023
0
# of YubiKeys
account takeovers
since inception
I
+22m
+80%
Gross margin
|
15%
I
I
I
Subscription share of
bookings
I
I
YubiKeys sold since
inception
|
I
19/20
of the largest tech
platforms in the US
ACQView entire presentation