Welcome to our dedicated page for Verb Technology Co news (Ticker: VERB), a resource for investors and traders seeking the latest updates and insights on Verb Technology Co 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) 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.
Verb Technology Company (Nasdaq: VERB) announced its Third Quarter 2021 earnings conference call on November 15, 2021, at 5 p.m. ET. CEO Rory J. Cutaia will also participate in two upcoming technology conferences to showcase VERB’s shoppable video technology. Notable events include the Roth Capital Partners' 10th Annual Technology Event on November 17 and the Ladenburg Thalmann Virtual Technology Expo on November 18, where VERB will present its advancements in livestream eCommerce.
Verb Technology Company, Inc. (NASDAQ: VERB) will host a conference call on November 15, 2021, at 5:00 p.m. Eastern time to discuss its Q3 2021 financial results. The call will feature CEO Rory J. Cutaia and CFO Jeff Clayborne, followed by a Q&A session. Investors can join the call by phone or via webcast, with a replay available until November 29, 2021. Verb specializes in interactive video-based sales enablement applications and operates globally with its SaaS platform, which includes various applications tailored for entrepreneurs and enterprises.
Verb Technology Company (Nasdaq: VERB) has showcased its innovative shoppable video technology during the verbLIT symposium held on October 7, 2021. This event enables clients and investors to explore VERB's interactive video applications, designed to enhance e-commerce experiences. CEO Rory J. Cutaia emphasized the unique features of verbLIVE, which allows seamless live shopping integration. The company's SaaS platform, with offerings including verbCRM and verbLEARN, serves businesses globally, providing effective tools for customer engagement.
Verb Technology Company, Inc. (Nasdaq: VERB) announced that CEO Rory J. Cutaia will present at the Virtual LD Micro Main Event XIV on October 12, 2021, at 10:30 a.m. ET. The presentation will cover the company's interactive sales tools for livestream eCommerce and its initiatives for hypergrowth. The conference will feature around 150 companies, making it a premier event for small-cap investors.
VERB specializes in interactive video-based sales applications, offering products in over 60 countries. Its software serves large enterprises and small businesses seeking effective sales tools.
VERB Technology Company (Nasdaq: VERB) has partnered with the NHL's Pittsburgh Penguins to enhance ticket and merchandise sales using its interactive video sales software. This collaboration aims to boost fan engagement and business growth through innovative technology. The Penguins' Chief Revenue Officer expressed enthusiasm for implementing VERB's solutions in a rapidly evolving environment. CEO Rory J. Cutaia highlighted this partnership as a testament to VERB's potential in the sports industry, anticipating it as a stepping stone for future collaborations.
Verb Technology Company (Nasdaq: VERB) announced an agreement with David Meltzer to serve as an executive producer for verbTV, an interactive ecommerce channel. This channel allows viewers to shop directly from videos.
Mr. Meltzer, known for his extensive experience in sports marketing, will develop content, beginning with a shoppable version of his reality competition show, 2 Minute Drill. VERB aims to combine entertainment with ecommerce, enhancing viewer engagement and potentially driving revenue growth.
Verb Technology Company (Nasdaq: VERB), renowned for its interactive video-based sales tools, will present at the Benzinga Rising Stars Conference on October 7, 2021. CEO Rory J. Cutaia will showcase the company's innovative sales solutions for livestream eCommerce during the presentation at 1:15 p.m. ET. Following this, the company will host verbLIT, an interactive exhibition of its latest technologies, at 4:00 p.m. PT. This event aims to position VERB strategically within the growing livestream market.
Verb Technology Company (Nasdaq: VERB) has announced the immediate termination of its At-The-Market (ATM) securities sales, prioritizing shareholder interests. In conjunction, the company will host its first technology showcase event, verbLIT, on October 7, 2021, from 4 PM to 6 PM PT via its interactive platform, verbLIVE. The event aims to demonstrate innovative sales tools and features, including AI capabilities and a new video mail service integrated with Microsoft Outlook. Registration is still available for virtual attendees.
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