VerifyMe Inc
NASDAQ:VRME

  • LAST PRICE
    0.9826
  • TODAY'S CHANGE (%)
    -0.0174 (-1.7400%)
  • Bid / Lots
    0.9806/ 2
  • Ask / Lots
    1.0400/ 2
  • Open / Previous Close
    1.0100 / 1.0000
  • Day Range
    0.9800
    1.0400
  • 52 Week Range
    0.9040
    2.4500
  • Volume
    40,955

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  • Nov 13, 2024

  • Nov 12, 2024

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    • 8:06AM ET on Tuesday Nov 12, 2024 by MT Newswires
      Companies Mentioned: VRME
      08:06 AM EST, 11/12/2024 (MT Newswires) -- ...

    • 8:02AM ET on Tuesday Nov 12, 2024 by PR Newswire
      Companies Mentioned: VRME

      -- Quarterly revenue of $5.4 million in Q3 2024, compared to $5.6 million in Q3 2023

      -- Gross Profit of $1.9 million or 35% in Q3 2024, compared to $2.0 million or 37% in Q3 2023

      -- Net loss of ($2.4) million in Q3 2024, including $1.8M of one-time adjustments, compared to a net loss of ($0.9) million in Q3 2023

    • 8:00AM ET on Tuesday Nov 12, 2024 by Dow Jones
      Companies Mentioned: VRME
      STOCKHOLDERS' EQUITY 10,280 12,531 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 14,829 $ 20,705 ================ =============== VerifyMe, Inc. Consolidated Statements of Operations (Unaudited) (In thousands, except share data) Three Months Ended Nine Months Ended ----------------------- -------------------------- September September September September 30, 30, 2024 30, 2023 30, 2024 2023 ----------- ---------- ----------- ------------- NET REVENUE $ 5,435 $ 5,604 $ 16,546 $ 16,600 COST OF REVENUE(a) 3,540 3,558 10,301 11,447 GROSS PROFIT 1,895 2,046 6,245 5,153 ---------- --------- ---------- --------- OPERATING EXPENSES Segment management and Technology(a) 1,329 1,341 4,189 3,697 General and administrative (a) 778 1,178 2,780 3,393 Research and development 5 5 65 23 Sales and marketing (a) 401 377 999 1,403 Goodwill and Intangible asset impairment 2,252 - 2,265 34 Total Operating expenses 4,765 2,901 10,298 8,550 ---------- --------- ---------- --------- LOSS BEFORE OTHER INCOME (EXPENSE) (2,870) (855) (4,053) (3,397) OTHER (EXPENSE) INCOME Interest expenses, net (29) (39) (109) (127) Unrealized loss on equity investment - - - (2) Change in fair value of contingent consideration 475 (36) 839 136 Other expense, net - - - (2) ---------- --------- ---------- --------- TOTAL OTHER INCOME (EXPENSE), NET 446 (75) 730 5 NET LOSS ---------- --------- ---------- --------- $ (2,424) $ (930) $ (3,323) $ (3,392) ========== ========= ========== ========= LOSS PER SHARE BASIC (0.23) (0.09) (0.32) (0.35) ========== ========= ========== ========= DILUTED (0.23) (0.09) (0.32) (0.35) ========== ========= ========== ========= WEIGHTED AVERAGE COMMON SHARE OUTSTANDING BASIC 10,603,747 9,879,202 10,306,392 9,732,619 ========== ========= ========== ========= DILUTED 10,603,747 9,879,202 10,306,392 9,732,619 ========== ========= ========== ========= (a) Includes share-based compensation of $486 thousand and $1,183 thousand for the three and nine months ended September 30, 2024, respectively, and $498 thousand and $1,099 thousand for the three and nine months ended September 30, 2023, respectively. VerifyMe, Inc. Consolidated EBITDA and Adjusted EBITDA Reconciliation Table (Unaudited) (In thousands) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 ------- ------ ------- ------- Net Loss (GAAP) $ (2,424) $ (930) $ (3,323) $(3,392) Interest expense, net 29 39 109 127 Amortization and depreciation 306 295 905 835 ------- ------ ------- ------- Total EBITDA (Non-GAAP) (2,089) (596) (2,309) (2,430) Adjustments: Stock based compensation 85 5 174 46 Fair value of restricted stock and restricted stock units issued in exchange for services 401 484 1,009 932 Severance - 247 141 579 Unrealized loss on equity investment - - - 2 Change in fair value of contingent consideration (475) 36 (839) (136) Impairments 2,252 - 2,265 34 One-time professional expenses for acquisitions - - - 278 Total Adjusted EBITDA (Non-GAAP) $ 174 $ 176 $ 441 $ (695) ======= ====== ======= =======

    • 8:00AM ET on Tuesday Nov 12, 2024 by Dow Jones
      Companies Mentioned: VRME

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