Welcome to our dedicated page for Verb Technology Company news (Ticker: VERB), a resource for investors and traders seeking the latest updates and insights on Verb Technology Company stock.
Verb Technology Company, Inc. (Nasdaq: VERB) is a pioneer in interactive video-based sales applications, revolutionizing how businesses attract and engage customers. With a global reach extending to over 60 countries, VERB's Software-as-a-Service (SaaS) platform delivers a comprehensive suite of subscription-based sales enablement software. Key products include:
- verbLIVE: An interactive livestream ecommerce, shoppable video, and webinar solution.
- verbCRM: A customer relationship management tool.
- verbTEAMS: A self-onboarding version of verbCRM, optimized for small businesses with salesforce synchronization.
- verbLEARN: A learning management system designed for corporate training and education.
Headquartered in Las Vegas, NV, Verb Technology operates creator studios in Los Alamitos, CA, and Philadelphia, PA, making it a central hub for the convergence of ecommerce and entertainment. The company's flagship platform, MARKET.live, is a multi-vendor, multi-presenter, livestream social shopping destination. MARKET.live enables brands, retailers, creators, and influencers to monetize their fanbase across social media channels like TikTok, Facebook, and Instagram. Recently, VERB integrated a seamless native checkout process for Meta platforms, expanding MARKET.live's audience and enhancing value for its users.
In terms of financial health, VERB recently reported cash and cash equivalents of approximately $14.2 million with notes payable of around $1.2 million, marking a significant improvement from previous periods. This financial stability has solidified the company's ability to continue operations for at least the next 14 months, subject to revenue generation.
VERB's ongoing partnerships and technological innovations position it as a leader in interactive video-based sales. The company also offers a variety of services including B2B telesales, sales promotions, event marketing, and door-to-door campaigns. A recent surge in retailers joining MARKET.live, along with partnerships like the one with TikTok, underscores MASSIVE growth potential and strategic initiatives aimed at expanding and enhancing ecommerce capabilities.
For more detailed information, visit VERB.tech and MARKET.live or follow their social media channels.
Verb Technology Company (Nasdaq: VERB) announces its participation in Nasdaq's 'Ring in the Races' Closing Bell ceremony at the F1 Las Vegas Grand Prix. CEO Rory J. Cutaia and Lead Director Jimmy Geiskopf will join the remote ceremony on November 22nd at 4pm EST. The event, which will be broadcast live, is an exclusive invitation-only gathering for select Nasdaq-listed companies taking place trackside at F1 in Las Vegas. VERB is known for its MARKET.live livestream social shopping platform and GO FUND YOURSELF! TV show and crowdfunding platform.
Verb Technology reported significant financial improvements in Q3 2024, with total revenue of $0.128 million, up 341% year-over-year. The company's balance sheet shows $15.8 million in cash and investments, with stockholders' equity of $18.03 million. Operating loss improved by $1.1 million, while net loss decreased by $1.74 million compared to last year. MARKET.live generated $103,000 in revenue, while the new Go Fund Yourself platform contributed $25,000. The company has expanded its partnership with TikTok and completed integrations with META, Pinterest, and TikTok Shop. Verb has also regained NASDAQ compliance and eliminated most of its debt except for a $123,000 SBA loan.
Verb Technology Company (Nasdaq: VERB) announced regaining compliance with Nasdaq's minimum bid price requirement of $1.00 per share on October 23, 2024. The company has also launched an investigation into suspected stock manipulation following its 1-for-200 reverse stock split implemented on October 9, 2024. VERB discovered that certain brokerage firms requested over 260,000 roundup shares, despite having an estimated 40,000 beneficial owners pre-split and a post-split public float of less than 800,000 shares. The company noted a concurrent significant increase in short positions and is coordinating with other affected companies to pursue legal action.
The Million Dollar Weekend event hosted an exclusive preview of Go Fund Yourself!, a revolutionary crowdfunding platform connecting entrepreneurs with investors in real-time. Jayson Waller, keynote speaker and investor, introduced the platform, highlighting its ability to level the playing field for entrepreneurs seeking funding.
The show features entrepreneurs pitching to a panel of 'Titans', including Waller, David Meltzer, and Rory J. Cutaia, CEO of Verb Technology Company [NASDAQ: VERB]. VIP attendees watched a private viewing of an episode, showcasing the platform's unique combination of live pitching and interactive audience engagement.
Go Fund Yourself! aims to democratize investment opportunities, allowing virtually anyone to invest in promising new companies, while giving businesses access to a broad audience of potential investors.
VERB Technology Company, Inc. (Nasdaq: VERB) released a letter from Chairman & CEO Rory J. Cutaia to stockholders. Key points include:
- Current market cap is approximately $3.8M
- Cash in bank of approximately $17.2M as of last Form 10-Q filing
- Only debt is a $125K SBA loan at 3.75% interest over 30 years
- CEO argues stock should trade at over $22 per share based on net cash value alone
- VERB operates MARKET.live, a livestream social shopping platform, and GO FUND YOURSELF!, a TV show and crowdfunding platform
Cutaia expresses concern that investors may not be fully recognizing the value of VERB's businesses and financial position.
Verb Technology Company (Nasdaq: VERB) announced that stockholders approved a 1-for-200 reverse stock split of its common shares. The split will take effect on October 9, 2024, with shares continuing to trade under the symbol 'VERB' but with a new CUSIP number. This decision follows a stockholder vote at the Annual Meeting on September 26, 2024, where a significant majority favored authorizing the Board to implement a reverse split.
The reverse split aims to increase the market price per share and bring the company into compliance with Nasdaq's $1.00 minimum bid price requirement. It will reduce the number of outstanding shares from approximately 152,645,986 to 763,230. Proportional adjustments will be made to stock options and warrants. Stockholders are not required to take any action, and fractional shares will be rounded up to the nearest whole share.
Verb Technology Company (Nasdaq: VERB) has launched 'GO FUND YOURSELF!', an interactive social crowd funding platform for companies seeking exposure for their Regulation CF and Regulation A offerings. The platform combines an interactive TV show with VERB's MARKET.live capabilities, allowing real-time investments and product purchases during the show.
The first episode, featuring UFC fighter Michael Chandler, airs on September 19, 2024. The show includes guest Titans such as Michael Chandler and James Maslow, alongside Founding Titans David Meltzer, Jayson Waller, and Rory J. Cutaia. The initial episodes will showcase companies like GolfLync, Elf Labs, Zirconia, and Tuleva.
This new business vertical generates revenue through fees from featured companies, product sales, and sponsorships. VERB CEO Rory J. Cutaia states that the company is repositioning as a holding company structure with three distinct businesses, a strong balance sheet, and plans to deliver improved performance for stockholders.
Verb Technology Company, Inc. (Nasdaq: VERB) has announced a significant technology integration and strategic vendor relationship with Pinterest for its MARKET.live platform. This integration allows MARKET.live to leverage Pinterest's 500 million monthly active users, expanding its social shopping reach. As a Pinterest Verified Merchant, MARKET.live gains access to exclusive features and benefits, enhancing user trust and shopping experience.
Key highlights include:
- Integration with Pinterest's large user base
- Ability to broadcast livestreams across multiple social platforms
- Seamless, native shopping experience within the Pinterest app
- Enhanced visibility and trust through Verified Merchant status
- Potential for increased sales conversions for consumer brands
This move is expected to significantly boost MARKET.live's presence in the U.S. social shopping landscape, particularly in the beauty sector and beyond.
VERB Technology Company (Nasdaq: VERB) has announced a partnership with BeautyStat and TikTok for an exclusive skincare event on August 28, 2024. The event will be livestreamed on TikTok through VERB's MARKET.live platform from 3 pm to 7 pm PT. BeautyStat CEO Ron Robinson and beauty influencer Drew Dorsey will host the event, offering skincare expertise and -time offers to TikTok's audience.
The collaboration aims to leverage VERB's experience in China to deliver an engaging experience showcasing BeautyStat's innovative skincare products. Viewers can expect live-only key pricing, exclusive discounts, giveaways, and bundles available only through TikTok during the event. This partnership represents a convergence of e-commerce and entertainment, allowing brands to monetize their social media followers across multiple platforms simultaneously.
Verb Technology Company (VERB) has announced an exclusive simulcast of 'The Collab' event on its MARKET.live platform on July 19, 2024. The event, featuring David Meltzer and Dane Cook, will be hosted by Rob Riggle at the YouTube Theater in Inglewood, California. Special guests include NBA star Baron Davis and NFL legend Marshall Faulk, among others.
The livestream will be the only way to experience the event remotely, offering a unique blend of humor and business insights. MARKET.live viewers will have the exclusive opportunity to purchase event merchandise directly through the livestream using VERB's shoppable video technology. This collaboration represents a significant milestone for MARKET.live, demonstrating the expansion of its shoppable platform service offering.
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