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) is set to host a two-day Mini Festival Event on June 2-3, 2022, showcasing three brand partners on its live shopping platform, MARKET. The event features live interactive presentations from Celeste Sol (fine jewelry), Miami Fitwear (athleisure apparel), and ROKNE (pickleball equipment). This follows a successful previous event in New York City, further enhancing VERB's engagement strategies with consumers.
Verb Technology Company (Nasdaq: VERB) has announced that CELESTE SOL, a socially conscious jewelry line, will host its first livestream shopping events on June 2nd and 3rd, 2022, utilizing VERB's MARKET platform. CELESTE SOL aims to connect with consumers through an interactive video shopping experience. Founded by Tiffany Joachim, the brand emphasizes affordable elegance and donates 2% of sales to empower women. The events are expected to capitalize on the growing trend of livestream shopping, especially in the fashion and accessories category.
VERB Technology Company (Nasdaq: VERB) announces a mini livestream shopping festival on May 27, 2022, to promote its MARKET platform. The event features brands like Wander Beauty, Joey Baby, and Rosepops showcasing their products live from New York City. The festival schedule includes:
- Wander Beauty: 2 PM ET
- Joey Baby: 3:30 PM ET
- Rosepops: 4:30 PM ET
MARKET is a 24/7 platform designed for simultaneous livestream shopping sessions.
Verb Technology Company (Nasdaq: VERB) announced that ROKNE will host livestream shopping events starting June 2, 2022, utilizing VERB's MARKET platform. The events aim to tap into the rapidly growing pickleball audience, which has seen a 39.3% increase in participants over the last two years, making it the fastest-growing sport in the U.S. ROKNE specializes in high-quality pickleball paddles and seeks to leverage the livestream format to engage consumers, educate the public about the sport, and promote its brand. This initiative reflects the broader trend of integrating shopping with entertainment.
Doll 10, a renowned clean beauty brand, is partnering with Verb Technology Company (Nasdaq: VERB) to host a series of livestream shopping events on the MARKET platform. Starting on May 26, 2022, at 5 p.m. ET, these events will showcase Doll 10’s range of beauty products, allowing viewers to purchase items in real-time. This collaboration aims to enhance accessibility to their cruelty-free products, which feature over 10 nourishing ingredients, without harmful additives. Future themed events are planned for July 26-28, expanding Doll 10’s reach globally.
Verb Technology Company announced that Miami Fitwear, a leader in eco-friendly women's athleisure, will host livestream shopping events on VERB's MARKET platform starting June 2, 2022. Miami Fitwear, founded by Raquel Ponce, emphasizes sustainable manufacturing and offers innovative athletic apparel. This partnership enables Miami Fitwear to demonstrate product features in real-time, enhancing customer engagement and potential sales growth. The initiative aligns with VERB's strategy to revolutionize e-commerce through interactive video.
Verb Technology Company announces a partnership with stā BODY for a livestream shopping event scheduled for May 19, 2022, at 2 p.m. PT. Leveraging MARKET, VERB's livestream shopping platform, the event aims to tap into the growing shapewear market, projected to reach USD $3.7 billion by 2028. stā BODY offers comfortable shapewear designed for women of all shapes, emphasizing sustainability with fabrics made from recycled materials. The collaboration will provide an interactive shopping experience, enabling the brand to engage directly with customers.
VERB Technology Company (Nasdaq: VERB) announced its rank as the top direct selling app by Social Selling News, based on clients invoiced over the last 12 months. The company's sales enablement platform, verbCRM, supports direct selling through enhanced content sharing, engagement tracking, and training capabilities. The President of Direct Sales, McKinley Oswald, emphasized the team's dedication to improving client value. The company continues to expand its software offerings and reach, serving clients in over 100 countries.
Verb Technology Company reported strong Q1 2022 results, with SaaS recurring revenue increasing by 37% compared to Q1 2021. The gross profit also saw a substantial rise of 31%. SaaS recurring revenue now comprises 93% of total digital revenue, a significant increase from 81% in the previous year. The company successfully reduced R&D operational costs by 45% year-over-year. Total digital revenue grew 19%, reflecting a positive trend leading into the upcoming Market Livestream Shopping Festival on July 26-28.
Wander Beauty, an award-winning cosmetics brand, is returning to MARKET, VERB's livestream shopping platform, for another shopping event on May 27, 2022, at 2 p.m. ET. This comes after a successful initial livestream that garnered positive feedback. The brand boasts over 30 awards and has celebrity fans like Heidi Klum and Sarah Jessica Parker. VERB's MARKET is designed for 24/7 livestream shopping, enhancing customer engagement through real-time interactions. CEO Rory J. Cutaia highlighted the platform's potential to revolutionize social entertainment.
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