VERB Earnings Call Postponed

Rhea-AI Summary

Verb Technology Company (Nasdaq: VERB) announced a short delay in filing its Form 10-K due to the need for further assessment of subsequent events and completion of its audit. The new filing date and earnings call will be communicated once established, anticipated within the extension period of Form 12b-25. The company specializes in interactive video-based sales applications, notably the MARKET.live platform, which integrates ecommerce with social interaction. With operations in over 100 countries, VERB aims to enhance customer engagement across various channels.

Positive

• The MARKET.live platform is positioned as a leader in livestream social shopping, attracting numerous retailers and influencers.
• VERB operates in over 100 countries, indicating broad market reach and diverse client engagement.

Negative

• The delay in filing the Form 10-K may raise concerns among investors regarding financial transparency.

Short Delay Required to File Form 10-K

NEWPORT BEACH, Calif. and LEHI, Utah, March 29, 2023 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales-enablement applications, including MARKET.live, its livestream social shopping platform, announces today that a short delay is required to complete the filing of its Form 10-K. The delay is necessary to allow the Company to adequately assess certain subsequent events and complete the audit and finalization of its annual report on Form 10-K. The Company will announce the new filing date and associated earnings call as soon as it is established, which is expected to be within the extension period afforded by Form 12b-25.

About VERB

Verb Technology Company, Inc. (Nasdaq: VERB), the market leader in interactive video-based sales applications, transforms how businesses attract and engage customers. The Company’s MARKET.live platform is a multi-vendor, multi-presenter, livestream social shopping destination at the forefront of the convergence of ecommerce and entertainment, where hundreds of retailers, brands, creators and influencers can monetize their base of fans and followers across social media channels. The Company’s Software-as-a-Service, or SaaS platform, based on its proprietary interactive video technology, is comprised of a suite of sales enablement business software products offered on a subscription basis. Its software applications are used by hundreds of thousands of people in over 100 countries and in more than 48 languages. VERB’s clients include large sales-based enterprises as well as small business sales teams, including the sales and marketing departments of professional sports teams. With approximately 150 employees and contractors, the Company is headquartered in Lehi, Utah, and maintains offices in Newport Beach, California.

Follow VERB here:
VERB on Facebook: https://www.facebook.com/VerbTechCo/
VERB on Twitter: https://twitter.com/VerbTech_Co
VERB on LinkedIn: https://www.linkedin.com/company/verb-tech/
VERB on YouTube: https://www.youtube.com/channel/UC0eCb_fwQlwEG3ywHDJ4_KQ

FORWARD-LOOKING STATEMENTS
This communication contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as "anticipate," "expect," "project," "plan," or words or phrases with similar meaning. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties. If any of these risks or uncertainties materialize, or if any of our assumptions prove incorrect, our actual results could differ materially from the results expressed or implied by these forward-looking statements. Investors are referred to our filings with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.

Investor Relations:
investors@verb.tech

Media Contact:
info@verb.tech 

FAQ

Why is Verb Technology delaying its Form 10-K filing for 2023?

Verb Technology is delaying its Form 10-K filing to adequately assess certain subsequent events and complete the audit.

What is the anticipated timeline for Verb Technology's earnings call?

The earnings call will be announced once the new filing date for the Form 10-K is established, expected within the Form 12b-25 extension period.

What is the primary business focus of Verb Technology Company?

Verb Technology focuses on interactive video-based sales applications, notably through its MARKET.live platform.

In how many countries does Verb Technology operate?

Verb Technology operates in over 100 countries worldwide.

What is the stock symbol for Verb Technology?

The stock symbols for Verb Technology are VERB and VERBW.