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 appointed Salman Khan as Interim Chief Financial Officer, effective immediately. Mr. Khan joined VERB in 2021 as Executive Vice President and has over 20 years of finance experience, holding leadership roles at NYSE-listed companies. He is expected to strengthen VERB’s finance department and lead future growth initiatives. CEO Rory Cutaia affirmed Mr. Khan's significant role in recent financial strategies. Former CFO Jeff Clayborne will assist during the transition.
Verb Technology Company (Nasdaq: VERB) announced a securities purchase agreement with institutional investors to raise $6.3 million through convertible notes and up to $50 million via a common stock purchase agreement with Tumim Stone Capital. The convertible notes, due in 2023, have a 6% interest rate and an initial conversion price of $3.00. Proceeds will support working capital and the expansion of the MARKET platform, which focuses on shoppable livestream events. The financing aims to enhance VERB's strategic capabilities in interactive video-based sales solutions.
Verb Technology Company (Nasdaq: VERB) announced that CEO Rory J. Cutaia will speak at the Benzinga All Access Conference on December 16, 2021, at 11 a.m. ET. He will highlight Market, a new interactive livestream shopping platform designed for simultaneous sessions from various vendors. A soft launch is scheduled for this month, with broader events planned for January and February 2022. The company's software applications, including interactive video tools, are available globally, enhancing customer engagement for both enterprises and small businesses.
Verb Technology Company (Nasdaq: VERB) has announced new developments regarding Market, its innovative 24/7 multivendor interactive livestream shopping platform, during the Sidoti Virtual Microcap Conference. This platform aims to revolutionize online shopping by allowing numerous brands, stores, and influencers to host simultaneous livestream sessions. CEO Rory Cutaia expressed excitement over the soft launch planned for this month, with broader launch events set for February 2022. Market is expected to create significant value for the company and its shareholders.
Verb Technology Company (Nasdaq: VERB) announced that CEO Rory J. Cutaia will present at the Sidoti Virtual Microcap Conference on Dec. 8, 2021, at 4 p.m. ET. The presentation will showcase VERB's innovative interactive video technology for sales enablement, targeting growth in the livestream eCommerce sector. Cutaia will also hold one-on-one meetings with institutional investors. VERB's software solutions are available in over 60 countries, enhancing customer engagement for businesses of all sizes.
Verb Technology Company (Nasdaq: VERB) announced that CEO Rory J. Cutaia will present at The Benchmark Company’s Discovery One-on-One Virtual Video Investor Conference on December 2, 2021. Cutaia will showcase the company’s interactive shoppable video technology solutions and its positioning within the rapidly growing livestream eCommerce sector. The conference will feature around 50 small and micro-cap companies, attracting over 150 institutional investors.
Verb Technology Company, Inc. (Nasdaq: VERB) announced it has filed a prospectus supplement with the SEC to sell up to $30 million of its common stock through an at-the-market (ATM) offering program. CEO Rory J. Cutaia emphasized the importance of minimizing shareholder dilution while pursuing new capital to support growth initiatives. Proceeds from the offering will be used for general corporate purposes, including prospective acquisitions and enhancing the company's eCommerce platforms. The firm aims to execute these plans while maintaining financial flexibility.
Verb Technology Company (Nasdaq: VERB) announced record Q3 2021 results, including a 30% increase in total digital revenue to $2.4 million, representing 81% of total revenue. SaaS recurring revenue rose by 25% year-over-year, while non-SaaS digital revenue surged 144% over Q2. The company secured 16 new client contracts worth $1.1 million, its highest in a single quarter. Upcoming launches for Marketplace and verbTV aim to enhance revenue streams further, leveraging interactive video for ecommerce.
Verb Technology Company (Nasdaq: VERB) announced impressive financial results for Q3 2021, achieving the highest base contract revenue for a single quarter in its history with 16 new client contracts worth $1.1 million. Total digital revenue rose by 30% from Q2 and now comprises 81% of total revenue, up from 64% year-over-year. SaaS recurring revenue grew by 25% year-over-year and 15% over Q2. The company also launched a professional sports vertical with the Pittsburgh Penguins and reported a total combined revenue increase of 21% over Q2.
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