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 announced that Shaklee Corporation has adopted its verbCRM and verbLEARN platforms for improved direct selling and distributor training. The launch took place during Shaklee's first virtual conference in September 2020, serving its 1.2 million global distributors. The integration with Salesforce aims to streamline marketing tools and enhance customer relationship management. CEO Rory J. Cutaia expressed confidence that these tools will bolster Shaklee's market position. However, challenges remain, including uncertainties related to market competition and ongoing risks from the COVID-19 pandemic.
VERB Technology Company reported third-quarter results highlighting a 16% sequential increase and 55% year-over-year growth in SaaS recurring revenue, reaching approximately $1.5 million. Total digital revenue also grew, up 9% sequentially and 28% year-over-year, amounting to $1.84 million. The company completed the acquisition of SoloFire, gaining entry to the medical and life sciences sales sector. User downloads rose to 1.65 million, and verbLIVE is now integrated with Salesforce, enhancing distribution. Financials reflect increased expenses, particularly in R&D and G&A.
VERB Technology Company (NASDAQ: VERB) will present at two upcoming investor conferences: the Virtual Fall Investor Summit on November 17, 2020, at 11:30 AM ET, and the Sidoti Virtual Microcap Conference on November 19, 2020, at 3:15 PM ET. CEO Rory J. Cutaia will provide insights on the company's operations, including its third-quarter results and product updates. VERB specializes in interactive video-based sales enablement applications, designed for both large enterprises and small business sales teams worldwide.
VERB Technology Company will host a conference call on November 16, 2020, at 5:30 PM Eastern to discuss its third-quarter financial results for the period ending September 30, 2020. The call, led by CEO Rory J. Cutaia and CFO Jeff Clayborne, will include a Q&A session. Investors can access the call via U.S. dial-in at 1-877-407-4018 and internationally at 1-201-689-8471. A replay will be available post-call until November 30, 2020.
VERB Technology Company (NASDAQ: VERB) reported record preliminary unaudited operating results for Q3 2020, highlighting a 6th consecutive quarter of growth in Software as a Service (SaaS) revenue. SaaS recurring subscription revenue reached approximately $1.46 million, up from $1.27 million in Q2 2020. Total digital revenue was approximately $1.8 million, a significant increase from $1.68 million. The company also noted a rise in user downloads, now totaling about 1.57 million. The full financial report will be available on November 16, 2020.
VERB Technology Company (NASDAQ: VERB) has announced continued traction for its Software-as-a-Service (SaaS) sales enablement platform among corporate clients amid a rise in remote work. The platform integrates advanced features for video-based sales and marketing, including verbCRM, verbLIVE, and verbLEARN. These tools are designed to enhance engagement by facilitating real-time interactions and clickable video content. Notably, VERB has been attracting experienced executives from leading tech firms to bolster its growth strategy.
VERB Technology Company has appointed Kym Nelson as the new Chief Content Officer for a new division, enhancing its focus on interactive video-based sales. Nelson is a seasoned digital advertising executive with a successful history at Twitch and other major firms, where she significantly boosted sales. Her experience is expected to play a key role in driving VERB's growth initiatives, as highlighted by CEO Rory Cutaia. The company aims to leverage Nelson's expertise to provide greater value to stakeholders amidst a competitive landscape.
VERB Technology Company has announced that Market America will adopt its verbCRM platform to enhance customer engagement for its global network of distributors. This initiative, launched during the Market America|SHOP.COM International Convention in September 2020, aims to empower distributors by enabling them to share product information and interactive video content. With plans to expand into Southeast Asia, Market America expects verbCRM to boost sales and strengthen customer relationships among its UnFranchise Owners.
VERB Technology Company has appointed Mitch Bledsoe as Chief Information Officer and Julie Holdren as Chief Product Officer, enhancing its senior management team with over 45 years of combined experience. Bledsoe brings nearly 20 years of IT leadership expertise from various industries, while Holdren has 25 years in operations and product management. CEO Rory J. Cutaia expressed optimism about their contributions to the company’s hyper-growth initiatives and IT infrastructure scaling. This strategic addition aims to drive product solutions and improve overall performance for shareholders.
The Growth Opportunities Virtual Investor Conference has made its company presentations available for on-demand viewing for 90 days. Investors can access these presentations online at any time, and shareholder materials can be downloaded for three weeks from virtual trade booths. Among the presenters is VERB Technology Company, known for its innovative solutions. This initiative enhances investor access and engagement, providing a platform for companies to connect directly with investors.
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