Verb Technology Company, Inc. - VERB STOCK NEWS

VERB Technology Company (NASDAQ: VERB) announced inducement grants of stock options and restricted stock awards to new employees, totaling 100,000 shares for Steve Deverall, and 100,000 stock options plus 247,703 restricted shares for Dustin Kenyon. Additional options were granted to Ben Mosbarger, Jason Etherington, and Nate Babbel. The options have an exercise price of $1.36 per share, vesting annually over four years, while the restricted stock award vests on January 1, 2021. The grants comply with Nasdaq Listing Rule 5635(c)(4).

VERB Technology Company, Inc. (NASDAQ: VERB) has acquired SoloFire, a sales enablement platform for the healthcare industry, enhancing its suite of interactive video-based sales tools. SoloFire's SaaS applications aim to empower medical sales teams by providing accessible and compliant content, aiding in sales conversions.

This acquisition is expected to open a lucrative market for VERB, combining their technologies to improve sales productivity and customer engagement amidst ongoing COVID-related challenges.

VERB Technology Company (NASDAQ: VERB) reported a strong performance in Q2 2020, showcasing five consecutive quarters of SaaS recurring revenue growth. SaaS revenue reached approximately $1.3 million, a 21% increase over Q1 and a 49% increase year-over-year. Total digital revenue was around $1.7 million, up 16% from Q1. The company executed 20 new client contracts, contributing to a base guaranteed contract value growth of 65%. Additionally, a public offering raised $13.8 million, enhancing the company's capital position.

VERB Technology Company reported strong financial results for Q2 2020, showing SaaS recurring revenue of $1.3M—up 21% from Q1 and 49% year-over-year. Total revenue reached approximately $2.7M, though down 29% year-over-year due to the exit from legacy print services. The company executed 20 new client contracts, with a base contract value of $983,000, marking significant growth. The successful launch of verbLIVE and its integration with Salesforce are expected to drive further user engagement. The company closed a $13.8M public offering, enhancing its capital position.

VERB Technology Company (NASDAQ: VERB) has announced the addition of its interactive livestream ecommerce application, verbLIVE, to the Salesforce Partner Program AppExchange marketplace. This move follows successful integration and security reviews, enabling Salesforce users to utilize verbLIVE for enhanced product promotion through livestreams and webinars starting August 17, 2020. The service will be available for a subscription fee of $24.95 per user, per month. CEO Rory J. Cutaia emphasized the listing as a significant step in expanding the company's customer and revenue base.

VERB Technology Company (NASDAQ: VERB) has scheduled a conference call for August 14, 2020, at 4:30 PM ET to discuss its second-quarter financial results for the period ending June 30, 2020. CEO Rory J. Cutaia and CFO Jeff Clayborne will lead the call, which includes a Q&A session. Interested parties can join by calling the U.S. number 877-407-4018 or the international number 201-689-8471. A replay of the call will be available until August 28, 2020. VERB offers a suite of sales enablement software solutions available in over 60 countries.

VERB Technology Company (NASDAQ: VERB) has successfully closed a public offering of common stock, raising approximately $13.8 million. This amount includes the full exercise of the underwriter's over-allotment option, resulting in the issuance of 12,545,453 shares at a price of $1.10 per share. Ladenburg Thalmann & Co. Inc. acted as the sole book-running manager. The offering was registered under Form S-1, declared effective on July 21, 2020. Proceeds are expected to support the company's interactive video-based sales enablement applications and further business development.

VERB Technology Company (NASDAQ: VERB) has announced a public offering of common stock aiming for gross proceeds of approximately $12 million. The offering includes 10,909,090 shares priced at $1.10 each. Closing is expected on or around July 23, 2020, pending customary closing conditions. Ladenburg Thalmann & Co. Inc. serves as the sole book-running manager. The offering is governed by a Form S-1 registration statement which was effective on July 21, 2020.

VERB Technology Company (NASDAQ: VERB) announced preliminary operating results for Q2 2020, showing significant growth in revenue. The company reported SaaS recurring subscription revenue of approximately $1,264,000, an increase from $1,057,000 in Q1 2020. Total digital revenue reached approximately $1,668,000, up from $1,457,000, contributing to a combined revenue of about $2,609,000, compared to $2,354,000 in the previous quarter. The number of user downloads also rose to 1,459,000, highlighting robust demand for its interactive video-based sales enablement applications.