VerifyMe, Inc.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 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.

Technologic Advance Greatly Expands the Market for VerifyMe's Brand Protection and Consumer Engagement Solutions ROCHESTER, N.Y., June 1, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners time sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, is pleased to announce that it has successfully developed VerifyInk,TM a covert ink technology now available for sale to run on continuous inkjet printers ("CIJ").

VerifyMe Launches Covert Brand Protection Ink for Direct to Product Continuous Inkjet Printers

VerifyMe's EMEA strategy pays off with its first UK based customer ROCHESTER, N.Y. , May 26, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners time and temperature sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, is pleased to announce its first customer in the UK.

VerifyMe Expands Into the UK With A New Customer

Quarterly revenue of $161 thousand, compared to $188 thousand in Q1 2021 Second Quarter revenue expected to have significant organic and acquisition growth Closing of transformative PeriShip acquisition in April 2022 ROCHESTER, N.Y. , May 11, 2022 /PRNewswire/ -- VerifyMe , Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners with authentication, supply chain monitoring and data rich consumer engagement features using unique smartphone readable codes on their products, announced today the Company's financial results for the first quarter ended March 31, 2022 ("Q1 2022").

VerifyMe Reports First Quarter 2022 Results and Future Outlook

VerifyMe is a small supply-chain tracking and consumer-brand engagement company, verifying goods are moved and delivered across the globe properly. Invisible inks, taper-proof labels, QR and company generated codes, with simple smart phone scanning make tracking a breeze.

Venture Capital Pick: VerifyMe Primed For High Growth

Identity verification provider VerifyMe has acquired logistics firm PeriShip for $10.5 million, the company said in a news release Monday (April 25). Based in Connecticut, PeriShip provides shipping and logistics management for perishable foods and healthcare companies.

ID Verification Firm VerifyMe Acquires PeriShip for $10.5M

VerifyMe Inc (NASDAQ: VRME) acquired the assets of PeriShip, LLC in a transaction worth $10.5 million. The consideration consisted of $7.5 million cash, $1.0 million in VerifyMe shares, and a $2.0 million promissory note.

VerifyMe Scoops Assets Of Logistics Management Company PeriShip To Gain New Entry Point In Pharma Market

Combined annual revenues expected to exceed $25.0 million in 2023 Strategic acquisition increases and diversifies VerifyMe's revenue, gross profitability, service offerings, industry verticals, and customer base ROCHESTER, N.Y. , April 25, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products to brand owners, is pleased to announce that it has  acquired the assets of PeriShip, LLC, a business specializing in logistics for time and temperature controlled shipping using proprietary predictive analytics software.

VerifyMe Acquires Assets of Logistics Management Company, PeriShip, LLC

ROCHESTER, N.Y., April 14, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, announced today the closing of its previously announced private placement priced at-the-market under Nasdaq rules for the issuance and sale of approximately $5.0 million of its common stock (or-prefunded warrants to purchase common stock in lieu thereof) and warrants.

VerifyMe Announces Closing of $5.0 Million Private Placement Priced At-the-Market Under Nasdaq Rules

ROCHESTER, N.Y. , April 12, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products to brand owners, announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $5.0 million of its common stock (or-prefunded warrants to purchase common stock in lieu thereof) and warrants through a private placement priced at-the-market under Nasdaq rules.

VerifyMe Announces $5.0 Million Private Placement Priced At-the-Market Under Nasdaq Rules

ROCHESTER, N.Y. , April 12, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, announced changes to its Board of Directors.

VerifyMe Announces Changes to Board of Directors

ROCHESTER, N.Y. , April 12, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, is pleased to announce that Adam Stedham has joined as a new Director on the Board.

Adam Stedham Joins the Board of Directors of VerifyMe

ROCHESTER, N.Y. , April 5, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products to brand owners, announced today that it has signed an agreement with a sports memorabilia company to provide brand protection and consumer engagement solutions.

VerifyMe Wins First Contract for Global Sports Memorabilia Market

ROCHESTER, N.Y. , March 29, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products to brand owners, announced today that it has received a follow-on order for approximately five million VerifyMe technology-enabled product labels from a cannabis related client.

VerifyMe Announces Largest Brand Protection Order Received to Date

First Client will be Global Consumer Products Company ROCHESTER, N.Y. , March 24, 2022 /PRNewswire/ --  VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products to brand owners, announced today that they have signed an agreement with a premier international product security company that specializes in product authentication and mobile inspection systems.

VerifyMe Awarded Contract with International Product Inspection Technology Company

ROCHESTER, N.Y., March 17, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners with authentication, supply chain monitoring and data rich consumer engagement features using unique smartphone readable codes on their products, announced today that they will be presenting at the Virtual Growth Conference, presented by Maxim Group LLC and hosted by M-Vest, on March 28th - 30th from 9:00 a.m.

VerifyMe to Participate in the 2022 Virtual Growth Conference Presented by Maxim Group LLC and hosted by M-Vest

Quarterly revenue of $255 Thousand, an increase of 240% compared to Q4 2020 Revenue of $867 Thousand for the year ended December 31, 2021, an increase of 153% compared to December 31, 2020 Diluted earnings per share of $0.49 for the year ended December 31, 2021, compared to a loss per share of $1.48 for December 31, 2020 Cash of $9.4 Million and Equity Investment of $11.0 Million as of December 31, 2021 Repurchased 79,593 shares at an average price of $3.28 per share in the fourth quarter of 2021 ROCHESTER, N.Y., March 14, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners with authentication, supply chain monitoring and data rich consumer engagement features using unique smartphone readable codes on their products, announced today the Company's financial results for the fourth quarter ended December 31, 2021 ("Q4 2021").

VerifyMe Reports Continued Revenue Growth for the Fourth Quarter 2021

ROCHESTER, N.Y., Feb. 22, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing authentication, supply chain monitoring and data rich consumer engagement features using unique smartphone readable codes on their products to brand owners, announced today that they have reached new agreements with their executive management team that will assist with the development and implementation of VerifyMe strategic initiatives.

VerifyMe Announces Executives Promoted to New Leadership Roles

ROCHESTER, N.Y. , Feb. 18, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), announced today that Norman Gardner, former Chairman and founder of VerifyMe, has passed away due to complications from COVID-19.

VerifyMe Announces Passing of Company Founder and Former Chairman Norman Gardner

Business is gaining rapid traction in providing solutions for the growing counterfeit problem encompassing 1 in 20 products globally. Management has provided guidance of a 100% increase in revenue for 2022.

VerifyMe: Set For Triple-Digit Revenue Growth

ROCHESTER, N.Y., Nov. 15, 2021 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME ) ("VerifyMe," "we," "our," or the "Company"), providing brands authenticity testing, supply chain monitoring and connecting brand owners with consumers using unique consumer engagement smartphone readable codes, announced today that it will attend the upcoming Anti-Counterfeiting Group IP Roadshow which is being held at the Hilton London Olympia Hotel, London, UK on December 2, 2021.

VerifyMe Announces Participation in the Anti-Counterfeiting Group IP Roadshow in London, on December 2, 2021

ROCHESTER, N.Y., Nov. 10, 2021 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brands authenticity testing, supply chain monitoring and connecting brand owners with consumers using unique consumer engagement smartphone readable codes, today announced the Company's financial results for the third quarter ended September 30, 2021 ("Q3 2021").

VerifyMe Reports Record Revenue Growth for the Third Quarter 2021

ROCHESTER, NY / ACCESSWIRE / October 18, 2021 / VerifyMe, Inc. (NASDAQ:VRME) ("VerifyMe," "we," "our," or the "Company"), connects a brand's products with consumers using unique smartphone readable codes, announced today that it will attend the upcoming EMEA Security High Security Printing, Anti-Counterfeiting & Brand Protection Conference which is being held at the Marriott Al Jaddaf Hotel in Dubai, UAE on October 27-28, 2021. This event will bring together an international audience of over 300 leading specialists discussing the latest trends, developments, threats and solutions relating to illicit trade and counterfeiting across industries.

VerifyMe Announces Participation in the EMEA SECURITY High Security Printing, Anti-Counterfeiting & Brand Protection Conference in Dubai, UAE on October 27-28, 2021

ROCHESTER, NY / ACCESSWIRE / October 8, 2021 / VerifyMe, Inc. (NASDAQ:VRME) ("VerifyMe," "we," "our," or the "Company"), connects a brand's products with consumers using unique smart phone readable codes, announced today that it will attend the upcoming White Label World Expo, which is being held at the Messe Frankfurt GmbH in Frankfurt Germany on October 13-14, 2021. The White Label World Expo, is a great opportunity to come face to face with thousands of the world's top suppliers to try and test a multitude of products.

VerifyMe Announces Participation in the White Label World Expo in Frankfurt Germany on October 13-14, 2021

ROCHESTER, N.Y., Sept. 30, 2021 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (NASDAQ: VRME ) (“VerifyMe,” “we,” “our,” or the “Company”), connects a brand's products with consumers using unique smart phone readable codes, announced today that it will host an Investor Day on November 18, 2021 from 11 a.m. to 1 p.m. (ET) through a conference call and webcast. The event will consist of a series of presentations by the Company's executive management team, including an overview of its strategic objectives and updates regarding its business development efforts followed by a question and answer period.

VerifyMe to Host Investor Day on November 18, 2021

ROCHESTER, NY / ACCESSWIRE / September 23, 2021 / VerifyMe, Inc. (NASDAQ:VRME) ("VerifyMe," "we," "our," or the "Company"), connecting a brand's products with consumers using unique smart phone readable codes, announced today that it will attend the upcoming White Label World Expo, which is being held at the Javits Center in New York City on September 30 and October 1, 2021. The White Label World Expo, which will host over 200 speakers, 10,000 attendees and 400 suppliers is the ultimate destination for thousands of global leaders, entrepreneurs, online sellers, retailers and distributors, to come together with countless business, e-commerce and startup owners.

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