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 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.
VERB Technology Company, Inc. (Nasdaq: VERB) has launched a beta program offering free use of its upcoming Microsoft Outlook integration to small businesses affected by COVID-19. This integration will enable over a billion Outlook users to create interactive video emails with features like 'Buy-It-Now' buttons and appointment scheduling. The free use will extend beyond the beta testing phase to support economic recovery. VERB aims to capitalize on the large user base through Microsoft's Commercial Marketplace.
VERB Technology Company is offering its verbTEAMS livestream ecommerce tool for free to small businesses to enhance sales during the pandemic. The technology allows businesses to engage customers in real-time through live broadcasts, promoting an interactive shopping experience. The offer includes 30 days of free access and biweekly training sessions aimed at maximizing app features and customer engagement. This initiative aims to support small businesses as consumer shopping habits shift significantly towards online platforms.
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