VerifyMe, Inc.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q4 2024

VerifyMe, Inc. (VRME) reports robust Q1 performance and strategic growth outlook

VerifyMe, Inc. delivered a strong performance in Q1 2024, showcasing revenue growth, improved profitability, and a positive adjusted EBITDA for the third consecutive quarter.
While facing challenges in certain segments and debt management, the company's strategic focus on cost management and revenue growth positions it well for future success.
By leveraging opportunities in expanding customer bases and enhancing operational efficiency, VerifyMe, Inc. can drive sustained growth and profitability in the coming quarters.

VerifyMe, Inc. reports steady revenue but boosts profitability in Q2 2024

VerifyMe, Inc. (VRME) showed steady revenue but notable improvements in profitability metrics and positive adjusted EBITDA for Q2 2024.
Challenges include an anticipated negative adjusted EBITDA for Q3 and hurdles in the Precision Logistics segment due to reduced shipping volumes.
However, the company's focus on expanding its customer base and strengthening key relationships presents growth opportunities for 2024 and beyond.
Overall, VerifyMe, Inc. (VRME) aims for financial stability and growth amidst operational challenges and market dynamics.

VerifyMe, Inc. reports mixed Q3 results, shifts focus to Precision Logistics

VerifyMe, Inc. showed mixed financial performance in Q3 2024, with improved margins but disappointing revenue growth.
Strategic decisions to exit the Authentication segment and focus on Precision Logistics signal a shift in company direction.
Challenges include revenue decline, increased operating expenses, and concerns about cash position and debt.
Opportunities lie in leveraging core strengths, reallocating resources, and potential growth in the Precision Logistics segment.

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VerifyMe, Inc. engages in the provision of software driven predictive analytics logistics. It operates under the PeriShip Global Solutions and VerifyMe Solutions segments. The PeriShip Global Solutions segment offers a value-added service provider for time and temperature sensitive parcel management. The VerifyMe Solutions segment specializes in solutions that connect brands with consumers through their products. The company was founded by Norman A. Gardner on November 10, 1999 and is headquartered in Lake Mary, FL.

LAKE MARY, Fla. , Dec. 8, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability, authentication, anti-counterfeiting, and data-rich brand enhancement services, announced today that the Company's board of directors (the "Board") approved a share repurchase plan and changes to our Board compensation program.

VerifyMe announces Share Repurchase Plan and Changes to Board Compensation Program

VerifyMe, Inc. (VRME) Q3 2023 Earnings Call Transcript

Quarterly revenue of $5.6 million in Q3 2023, compared to $5.2 million in Q3 2022 Gross Profit of $2.3 million or 41% in Q3 2023, compared to $1.9 million or 36% in Q3 2022 Net loss of ($0.9) million in Q3 2023, compared to a net loss of ($0.6) million in Q3 2022 Adjusted EBITDA(1) of $0.2 million in Q3 2023, compared to Adjusted EBITDA loss of ($0.2) million in Q3 2022 Cash of $3.0 million as of September 30, 2023 LAKE MARY, Fla. , Nov. 8, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability, authentication, anti-counterfeiting, and data-rich brand enhancement services, announced today the Company's financial results for its third quarter ended September 30, 2023 ("Q3 2023").

VerifyMe Reports Third Quarter 2023 Financial Results

LAKE MARY, Fla. , Nov. 2, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability,  authentication, anti-counterfeiting, and data-rich brand enhancement services, announced today that it will release its financial results for the third quarter ended September 30, 2023 on November 8, 2023.

VerifyMe to Report Third Quarter 2023 Financial Results on November 8, 2023

Amcor Plc

LAKE MARY, Fla. , Sept. 5, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability, authentication, anti-counterfeiting, and data-rich brand enhancement services, announced today that they will be demonstrating their connected packaging solution in conjunction with Amcor at Pack Expo in Las Vegas between September 11 and 13 2023.

Amcor Demonstrating Connected Packaging at Pack Expo 2023 with VerifyMe, Inc

LAKE MARY, Fla., Aug. 28, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limitd ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, anti-counterfeiting, and data-rich brand enhancement services, announced today that on Friday, August 25, 2023, it closed (the "Closing Date") a private placement (the "Offering") of 8% unsecured convertible subordinated promissory notes due in 2026 (the "Notes") to accredited investors as defined by Regulation D, Rule 501(a) under the Securities Act of 1933, as amended (the "Securities Act") led by the CEO and the Board of Directors and investors from the financial community for aggregate net proceeds of $1.1 million.

Leadership Team Leads $1.1 Million Convertible Note Capital Raise

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LAKE MARY, Fla. , Aug. 16, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, anti-counterfeiting, and data-rich brand enhancement services, announced today as part of a Victoria State Government initiative to prepare Australian industries for global traceability regulations, Mildura Fruit Company (MFC), after deploying a successful pilot traceability project in collaboration with Citrus Australia and Trust Codes Limited, will fully implement the traceability solution beginning in 2023, including integrated printing on fruit bags.

Mildura Fruit Company delivers Traceability with VerifyMe, Inc

VerifyMe, Inc. (NASDAQ:VRME ) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET Company Participants Nancy Meyers - Senior Vice President of Finance & Investor Relations Adam Stedham - President & Chief Executive Officer Conference Call Participants Jack Vander Aarde - Maxim Group Operator Welcome to the VerifyMe Second Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please note that this event is being recorded.

VerifyMe, Inc. (VRME) Q2 2023 Earnings Call Transcript

VerifyMe, Inc. (VRME) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.17 per share a year ago.

VerifyMe, Inc. (VRME) Reports Q2 Loss, Lags Revenue Estimates

Quarterly revenue of $5.3 million in Q2 2023, compared to $4.5 million in Q2 2022 Net loss of $0.9 million in Q2 2023, compared to a net loss of $12.6 million in Q2 2022 (inclusive of write off of $11.2 million related to the SPAC) Adjusted EBITDA(1) of ($0.4) million in Q2 2023, primarily due to acquisition, integration and operating costs of ($0.2) million, compared to ($0.3) million in Q2 2022 Cash of $2.7 million as of June 30, 2023 LAKE MARY, Fla. , Aug. 10, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, and data-rich brand enhancement services, announced today the Company's financial results for its second quarter ended June 30, 2023 ("Q2 2023").

VerifyMe Reports Second Quarter 2023 Financial Results

LAKE MARY, Fla. , Aug. 7, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, and data-rich consumer engagement services, announced today that it will release its financial results for the second quarter ended June 30, 2023 on August 10, 2023.

VerifyMe to Report Second Quarter 2023 Financial Results on August 10, 2023

LAKE MARY, Fla. , July 14, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, anti-counterfeiting, and data-rich consumer engagement services, announced today a strategic reorganization of its business aimed at accelerating growth through leveraging its technology strengths, expanding its marketing capabilities and optimizing overhead expenses.

VerifyMe Announces Strategic Reorganization

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VerifyMe, Inc. (VRME) Is a Trending Stock: Facts to Know Before Betting on It

VerifyMe, Inc. (VRME) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Investors Heavily Search VerifyMe, Inc. (VRME): Here is What You Need to Know

VerifyMe, Inc. (VRME) is Attracting Investor Attention: Here is What You Should Know

LAKE MARY, Fla. , May 31, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, anti-counterfeiting, and data-rich consumer engagement services, announced today that Adam Stedham has been appointed Chief Executive Officer.

VerifyMe Appoints new Chief Executive Officer

VerifyMe, Inc. (NASDAQ:VRME ) Q1 2023 Earnings Conference Call May 11, 2023 11:00 AM ET Company Participants Nancy Meyers - SVP, Finance and IR Scott Greenberg - Interim CEO and Executive Chairman Keith Goldstein - President and COO Curt Kole - EVP, Sales and Global Strategy Margaret Gezerlis - EVP and CFO Conference Call Participants Mike Petusky - Barrington Research Jack Vander Aarde - Maxim Group Operator Good day everyone and welcome to the VerifyMe First Quarter 2023 Financial Results Conference Call. All participants will be in a listen-only mode.

VerifyMe, Inc. (VRME) Q1 2023 Earnings Call Transcript

VerifyMe, Inc. (VRME) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.19 per share a year ago.

VerifyMe, Inc. (VRME) Reports Q1 Loss, Lags Revenue Estimates

Quarterly revenue of $5.7 million in Q1 2023, compared to $0.2 million in Q1 2022 Net loss of $1.6 million in Q1 2023, compared to a net loss of $1.4 million in Q1 2022 Adjusted EBITDA(1) of ($0.5) million in Q1 2023, compared to ($1.1) million in Q1 2022 Cash of $3.1 million as of March 31, 2023 LAKE MARY, Fla. , May 11, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, and data-rich consumer engagement services, announced today the Company's financial results for its first quarter ended March 31, 2023 ("Q1 2023").

VerifyMe Reports First Quarter 2023 Financial Results

VerifyMe's (VRME) first-quarter 2023 earnings and revenues are expected to have increased year over year.

VerifyMe (VRME) to Post Q1 Earnings: What's in Store?

LAKE MARY, Fla. , May 4, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, and data-rich consumer engagement services, announced today that it will release its financial results for the first quarter ended March 31, 2023 on May 11, 2023.

VerifyMe to Report First Quarter 2023 Financial Results on May 11, 2023

Here is What to Know Beyond Why VerifyMe, Inc. (VRME) is a Trending Stock

LAKE MARY, Fla. , April 26, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, and data-rich consumer engagement services, announced today that they will participate in two non-deal roadshows in the coming weeks.

VerifyMe Announces Participation in Aegis Virtual Conference

VerifyMe, Inc. (VRME) closed at $1.85 in the latest trading session, marking no change from the prior day.

News for VerifyMe, Inc. Stock (VRME)