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) announced on August 24, 2021, that it has engaged Truist Securities to advise on its growth through acquisition strategy. CEO Rory J. Cutaia emphasized the importance of this initiative for accelerating revenue and enhancing shareholder value. The company's SaaS platform leverages interactive video technology for various applications like CRM and eCommerce, serving clients in over 60 countries. However, there are no binding commitments for any transaction at this stage, and the company cannot guarantee that any potential acquisition will enhance stockholder value.
Verb Technology Company (Nasdaq: VERB) announced the launch of verbMAIL, an interactive video email tool integrated into Microsoft Outlook. This innovation aims to enhance communication for enterprises and individual users. The company also partnered with Market America Worldwide | SHOP.COM and NewAge, Inc. to develop sales-enablement applications for numerous distributors. CEO Rory J. Cutaia will present at the Sidoti August Microcap Conference on August 18, discussing recent milestones, including financial results for Q2 2021 and advancements in the livestream ecommerce sector.
Verb Technology Company (Nasdaq: VERB) reported Q2 2021 results showing a 26% year-over-year growth in SaaS recurring revenue, reaching $1.6 million. This growth was driven by three new products: verbMAIL, an advanced video email solution; verbLIVE with Attribution feature for affiliate marketing; and PULSE, an AI-based sales tool. The company also launched an online shopping platform, VERB Marketplace, currently in beta testing. Total revenue for Q2 stood at $2.4 million, with significant increases in user engagement, evidenced by 2.8 million downloads.
Verb Technology Company (NASDAQ: VERB) will hold a conference call on August 16, 2021, at 5:00 p.m. ET to discuss its Q2 2021 financial results. CEO Rory J. Cutaia and CFO Jeff Clayborne will lead the call, which will include a Q&A session. Participants can join via phone or webcast. The earnings call will provide insights into the company's performance and strategic initiatives, particularly in its interactive video-based sales enablement applications.
Verb Technology Company (NASDAQ: VERB) has partnered with NewAge, Inc. to launch the NewAge Share app, which incorporates VERB's interactive video technology to enhance global sales productivity for up to 600,000 independent distributors in 75 countries. The app, featuring verbCRM and verbLEARN, aims to boost customer engagement through tailored content management and analytics. Livestreaming capabilities are expected to be added in September 2021, targeting international markets. This collaboration is anticipated to significantly improve sales conversion rates for NewAge's brand partners.
Verb Technology Company (Nasdaq: VERB) will host a fireside chat for investors on August 5, 2021, at 3:30 p.m. ET. This event is part of The Big Biz Show and will feature CEO Rory J. Cutaia, who will discuss the company's interactive livestream ecommerce platform, verbLIVE. During the event, up to 250 shareholders can submit questions in real-time. The broadcast will reach a wide audience via various national TV and radio stations, as well as VERB's YouTube channel starting August 6.
RushNet, Inc (OTC PINK:RSHN) announced a 6-part interview series with FMW Media's New to The Street/Newsmax, reaching over 300 million homes via networks including Fox Business and Bloomberg. This coincides with their acquisition of heliosDX, a National Diagnostics Laboratory, which enhances growth potential. The company plans to launch a National Sales Campaign using Verb Technology Company, Inc. (Nasdaq:VERB)'s innovative marketing platform to reduce costs associated with traditional sales. Broadcasts start July 31, 2021.
Verb Technology Company (Nasdaq: VERB) is set to enhance sales productivity with the introduction of its new feature called Pulse. Designed for its sales enablement platform verbCRM and verbTEAMS, Pulse utilizes AI to provide customer-specific prompts, reminders, and suggested actions. This feature aims to streamline the sales process, automate customer management, and improve engagement. Expected to launch in August 2021, Pulse follows the recent launch of the Attribution feature for verbLIVE, enhancing its interactive sales tools, making customer interactions more efficient.
SHOP LIVE, powered by verbLIVE, has been launched by Market America Worldwide and Verb Technology Company. This interactive livestream ecommerce platform allows UnFranchise Owners (UFOs) to broadcast live events to promote and sell products round the clock. The service enhances customer engagement through clickable links and real-time viewer analytics. It follows the recent global rollout of the UnFranchise Marketing App, offering essential tools for business growth. The initial deployment reached over 100,000 UFOs across North America, Europe, and Asia.
Verb Technology Company has launched verbMAIL, an interactive video tool integrated with Microsoft Outlook, now available to over one billion users via the Microsoft AppSource Store. Developed with Microsoft's U.S. Technical Team, this tool allows users to create and share interactive videos, featuring clickable buttons for purchasing and scheduling. The initial release is free for Outlook subscribers, with future enhanced versions planned for subscription. The company anticipates that verbMAIL will be a significant revenue driver, enhancing sales processes for businesses globally.
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