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) has partnered with Momentum Factor to offer the first social compliance solution for direct sales companies. By integrating Momentum Factor's FieldCheck platform with VERB's verbCRM application, representatives can ensure their social messages comply with regulatory standards. This partnership aims to enhance confidence in social sharing among sales teams while maintaining compliance with FTC and FDA guidelines. Both companies emphasize the importance of this integrated platform for client success in the direct selling industry.
Verb Technology Company (NASDAQ: VERB) will host a conference call on May 16, 2022, at 5:30 p.m. ET to discuss its financial results for Q1 2022, ending March 31, 2022. The call will be led by CEO Rory J. Cutaia and CFO Salman Khan, followed by a Q&A session. A press release with financial results will precede the call, which will also cover updates on VERB's MARKET, a new livestream shopping platform. Investors can access the call via phone or webcast, with a replay available until May 30, 2022.
Verb Technology Company (Nasdaq: VERB) has partnered with the Detroit Pistons to utilize its interactive, video-based sales solutions for enhancing digital content and marketing strategies. This multi-year collaboration aims to drive ticket and merchandise sales by creating engaging, shoppable digital experiences for fans. CEO Rory J. Cutaia highlighted the growth potential in the $600 billion sports entertainment industry, emphasizing how VERB's technology will help the Pistons connect better with their audience.
Verb Technology Company (Nasdaq: VERB) announced that Doll 10, a clean beauty brand, will begin hosting livestream shopping events on its MARKET platform starting May 2022. Doll 10, founded by Dr. Doris Dalton, offers cruelty-free beauty products without harmful ingredients. The events will allow live interactions with customers and aim to enhance product accessibility. Doll 10 has a notable presence on platforms like QVC and HSN, and the initiative marks an expansion into livestream shopping, also providing shoppable replays after events.
Wander Beauty, a celebrated global cosmetics brand, is marking its 7th anniversary with a debut livestream shopping event on the MARKET platform, powered by Verb Technology Company (Nasdaq: VERB). Scheduled for May 5, 2022, at 2 p.m. ET, the event will allow public participation from Wander Beauty's store. Known for over 30 awards and endorsements from celebrities, Wander Beauty aims to enhance customer engagement through this innovative channel. VERB's COO expressed excitement for this partnership, highlighting the user-friendly approach of their livestream shopping platform.
Verb Technology Company, Inc. (Nasdaq: VERB) announced a registered direct offering of 14,666,667 shares of its common stock and warrants, priced at $0.75 per share, aiming to raise approximately $11 million. The offering is set to close around April 25, 2022, subject to customary conditions. The securities purchase agreement reflects ongoing investor confidence in VERB and its interactive video sales applications. A.G.P./Alliance Global Partners serves as the sole placement agent for this transaction, which is structured under an effective shelf registration statement.
VERB Technology Company (Nasdaq: VERB) is expanding its market by allowing creators to sell non-fungible tokens (NFTs) through its livestream shopping platform, MARKET. NFTs, unique digital assets gaining immense popularity, can now be sold in livestream events, enhancing the ecommerce experience. CEO Rory J. Cutaia emphasized this initiative aligns with their goal to support the creator economy. The MARKET platform facilitates concurrent livestream sessions for various sellers, aiming to revolutionize online shopping.
Verb Technology Company, Inc. (Nasdaq: VERB) has expanded its addressable market by introducing a digital download ecommerce feature on its MARKET livestream shopping platform. This new capability allows creators and influencers to sell various downloadable digital assets, including music, videos, and books. CEO Rory J. Cutaia emphasized that this feature significantly increases revenue potential while supporting the growth of the creator economy. The MARKET platform aims to provide a robust marketplace free from supply chain issues.
VERB Technology Company (Nasdaq: VERB) has appointed John Rizzo, a seasoned producer from QVC, as SVP of Content and Brand Partnerships for its MARKET livestream shopping platform. Rizzo brings over two decades of experience, having produced over 30,000 hours of live programming and generating $5 billion in sales at QVC. He aims to enhance MARKET's strategic partnerships and creative content development, leveraging his extensive relationships in the direct-to-consumer landscape. The platform is set for official launch this summer, following a successful soft launch, aiming to attract multiple vendors and brands.
Verb Technology Company (Nasdaq: VERB) has launched a significant feature allowing brands and influencers to establish standalone storefronts on its MARKET platform ahead of its public unveiling. This new capability enables immediate hosting of livestream events, drawing viewers directly to the storefronts for product purchases. The soft launch phase included onboarding vendors and conducting training sessions. Notably, upcoming events themed around food, beverage, wellness, and fashion are anticipated as part of the official launch strategy, set for summer.
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