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Verb Technology Company, Inc. - VERBW STOCK NEWS

Welcome to our dedicated page for Verb Technology Company news (Ticker: VERBW), 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 market leader in interactive video-based sales applications. The company's MARKET.live platform is a multi-vendor, multi-presenter, livestream social shopping destination that merges ecommerce and entertainment. With a focus on enhancing sales performance through digitizing offline sales and holistic consulting, VERB offers expertise in b2b telesales, sales promotion, field force, event marketing, and door2door campaigns. Recent achievements include a surge in retailers joining MARKET.live, excess cash on the balance sheet, debt reduction, and restructuring completion.

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Verb Technology Company reported its Q2 2022 financial results with significant growth metrics. SaaS recurring revenue increased by 23% year-over-year, now constituting 91% of total digital revenue. Gross margin also improved by 23%, contributing to a 19% rise in total digital revenue. The company effectively reduced its R&D operational expenses by 57% compared to Q2 2021. Additionally, Modified EBITDA showed a positive improvement of $2.2 million from the previous year.

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Verb Technology Company (Nasdaq: VERB) reported financial results for Q2 2022, highlighting a 23% increase in SaaS recurring revenue and gross profit margin compared to Q2 2021. Total digital revenue rose by 19% to $2.2 million, with SaaS subscription revenue accounting for 82% of total revenue. R&D expenses decreased by 57%, and the company added 19 new client contracts valued at $1.9 million. However, the net loss amounted to $6.37 million, raising concerns about profitability.

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Verb Technology Company (NASDAQ: VERB) announced it will host a conference call on August 15, 2022, to discuss its financial results for Q2 ended on June 30, 2022. The call will begin at 5:30 p.m. ET and provide updates on its MARKET.live shopping platform. CEO Rory J. Cutaia and CFO Salman Khan will lead the discussion, followed by a Q&A session. Investors can access the call via phone or webcast. A replay will be available until August 29, 2022.

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Verb Technology Company hosted a successful Shopfest livestream shopping event from July 26-28, 2022, as a part of the launch of its new platform, MARKET.live. This event featured over 50 streams, showcasing products from luxury brands like Gucci and Prada, including a $100,000 crocodile Birkin bag. CEO Rory J. Cutaia stated that Shopfest is set to be the largest livestream event in the U.S. The platform combines social shopping with entertainment, enabling shoppers to interact with brands and influencers through shoppable livestream videos.

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Verb Technology Company (Nasdaq: VERB) is hosting Shopfest, a three-day livestream shopping event from July 26-28, 2022, to launch its new platform MARKET. The event features over 50 brands, including celebrity appearances, and streams across major social media platforms. Notably, the artist Nelly joins as a participant. Attendees can RSVP for updates and giveaways, highlighting the excitement surrounding the interactive shopping experience. VERB aims to leverage this innovative platform to enhance customer engagement through livestream commerce.

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Verb Technology Company (Nasdaq: VERB) is set to host Shopfest, a 3-day livestream shopping event on July 26-28, showcasing its new MARKET platform. This platform offers endless livestream shopping experiences, allowing consumers to browse various brands, including Mark Cuban's Three Commas. The event aims to engage hundreds of vendors and influencers across multiple social media channels. Shoppers can RSVP at shopfest.market.live for event updates and prizes. This initiative marks a significant step in bridging ecommerce and interactive video.

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Verb Technology Company (Nasdaq: VERB) will host Shopfest, a three-day livestream shopping event on July 26-28, 2022, to launch its new MARKET platform. The event will feature over 50 top brands in various categories including fashion, beauty, and wellness, streaming across multiple social media channels. Attendees can RSVP for exclusive updates and a chance to win giveaways. Industry experts predict the U.S. livestream market could grow from $20 billion in 2022 to $68 billion by 2026, indicating significant opportunities for VERB's interactive shopping model.

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Verb Technology Company has announced a partnership with LOVLEI, a new premium fashion brand. Utilizing Verb’s content management platform, LOVLEI aims to enhance sales and customer engagement through interactive video and marketing tools. The brand, launched in July 2022, plans to empower women and influencers by offering retail commissions of up to 40%. Verb's platform offers real-time analytics and efficient content management, aiming to facilitate a collaborative community. This partnership is expected to drive sales and boost conversion rates for both companies.

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Verb Technology Company (Nasdaq: VERB) is set to showcase American Ninja Warrior apparel at the Peace, Love, and Livestream Shopping festival from July 26-28, 2022. The event marks the launch of VERB's MARKET platform, a social shopping and livestream e-commerce platform. With over 40 participating brands, including luxury fashion labels, attendees can experience interactive shopping and support nonprofit Good360 through donations during livestreams. This innovative approach aims to revolutionize retail, combining entertainment with shopping.

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Verb Technology Company (Nasdaq: VERB) announced its upcoming event, Shopfest, scheduled for July 26-28, featuring over 30 brands in a new livestream shopping festival. This event marks the launch of MARKET, an interactive ecommerce platform that combines shopping with entertainment. Participants can explore 200+ shoppable stores and engage in livestream shopping events. Notably, the festival supports a charitable partnership with Good360, allowing shoppers to donate. The U.S. livestream shopping market is projected to grow to over $25 billion, offering significant potential for VERB's new platform.

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FAQ

What is the market cap of Verb Technology Company (VERBW)?

The market cap of Verb Technology Company (VERBW) is approximately 259.2K.

What is Verb Technology Company, Inc. known for?

Verb Technology Company, Inc. is recognized for its interactive video-based sales applications and the MARKET.live platform that combines ecommerce and entertainment.

What services does Verb Technology Company, Inc. offer?

Verb Technology Company, Inc. provides sales as a service with a comprehensive consulting approach, digitizes offline sales, and excels in b2b telesales, sales promotion, field force, and event marketing.

What recent achievements has Verb Technology Company, Inc. made?

Recent accomplishments include a surge in retailers joining MARKET.live, excess cash on the balance sheet, debt reduction, and the completion of restructuring efforts.

Where is Verb Technology Company, Inc. headquartered?

Verb Technology Company, Inc. is headquartered in Las Vegas, NV, with creator studios in Los Alamitos, California, and Philadelphia, PA.

How can one stay updated with Verb Technology Company, Inc. news?

You can follow Verb Technology Company, Inc. on various social media platforms like Facebook, TikTok, Instagram, LinkedIn, and YouTube for the latest updates.

Verb Technology Company, Inc.

Nasdaq:VERBW

VERBW Rankings

VERBW Stock Data

259.19k
78.31M
Software - Application
Technology
Link
United States
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