Verb Technology Co Inc - VERB STOCK NEWS

Verb Technology Company (Nasdaq: VERB) reported significant growth in its Q1 2021 results, showcasing over 30% year-over-year SaaS recurring revenue growth and an impressive 82% growth from 2020. The company integrated its interactive video sales technology with Microsoft Outlook, now in public beta, and launched verbTEAMS for small businesses. Furthermore, the acquisition of SoloFire opens doors to the healthcare market, while verbLIVE has fully integrated with Salesforce. The company boasts a healthy balance sheet with $15M raised in a recent offering and nearly 1.93 million total user downloads.

VERB Technology Company reported its 2020 financial results, showing a remarkable 82% increase in SaaS recurring revenue, totaling approximately $5.1 million. The total digital revenue reached $6.5 million, a 53% increase from the previous year. The company completed the acquisition of SoloFire, enhancing its market presence. Notably, user downloads surged to 1.93 million, up from 550,000 the previous year. Projected results for Q1 2021 indicate over 30% SaaS recurring revenue growth compared to Q1 2020. A conference call is scheduled for March 31, 2021, to discuss these results.

VERB Technology Company has partnered with Marketing 360, enhancing its tools for small businesses. This collaboration combines VERB's interactive video sales platform with Marketing 360's comprehensive marketing software, benefiting over 20,000 clients. The partnership aims to boost sales conversion rates, with VERB reporting clients experiencing over 600% increases. The initiative also supports small businesses recovering from pandemic impacts, promising increased opportunities for lead generation and sales.

VERB Technology Company (NASDAQ: VERB) announced a conference call on March 31, 2021, at 4:30 PM ET to discuss its financial results for Q4 and the full year ended December 31, 2020. CEO Rory J. Cutaia and CFO Jeff Clayborne will lead the call, which includes a Q&A session. The company specializes in interactive video sales and marketing tools, reporting up to 600% increases in conversion rates for clients. VERB’s SaaS products are available globally, supporting over 60 countries and 48 languages.

Verb Technology Company, Inc. (NASDAQ: VERB) announced a preliminary court approval on March 2, 2021, for a derivative settlement in the case Richard Moore v. Verb Technology Company, Inc. The settlement includes a payment of $75,000 to plaintiff's counsel and implementation of corporate governance changes. A final approval hearing is set for April 29, 2021. The company considers the settlement beneficial for its stockholders, leading to the dismissal of the Derivative Action with prejudice upon final approval.

VERB Technology Company is gearing up for a global commercial launch of its interactive video integration with Microsoft Outlook. CEO Rory J. Cutaia will present at the Emerging Growth Conference on March 17, 2021, focusing on the company's interactive video technology and the verbLIVE livestream ecommerce application. This event will address global shopping trends and recent strategic initiatives, followed by a Q&A session. Interested participants can register to attend, and a replay will be available on EmergingGrowth.com.

VERB Technology Company (Nasdaq: VERB) announced a registered direct offering of 9,375,000 shares of common stock at $1.60 per share, with a closing date expected around March 15, 2021. A.G.P./Alliance Global Partners is the sole placement agent for this offering. The offering is conducted under a previously filed shelf registration statement with the SEC. Investors are encouraged to review the prospectus and related documents for more information on the offering.

Verb Technology Company (Nasdaq: VERB) has partnered with influencer Vlad Kachur to enhance awareness for its livestream ecommerce tool, verbTEAMS. This platform, designed for small businesses and entrepreneurs, allows real-time sales interactions during live broadcasts. Currently, verbTEAMS is offered for free for 7 days to aid small business recovery during the pandemic. Kachur's popular YouTube channel has over 140,000 subscribers, averaging 1-2 million views per video, which is expected to significantly boost engagement and adoption of VERB's technology.

VERB Technology Company has made its livestream ecommerce app verbLIVE free for small businesses in the U.S. impacted by the pandemic, aiming to boost customer engagement and sales productivity. CEO Rory J. Cutaia announced this initiative as he prepares for the 33rd Annual Virtual ROTH Conference on March 15-17, 2021, where he will present the company's innovative technologies and solutions. VERB, recognized for its interactive video tools, empowers over 60 countries with sales enablement software, showcasing a reported 600% increase in conversion rates.