Welcome to our dedicated page for Verifyme news (Ticker: VRME), a resource for investors and traders seeking the latest updates and insights on Verifyme stock.
VerifyMe, Inc. (VRME) delivers innovative authentication solutions and precision logistics services to global brands. This news hub provides investors with essential updates on the company's advancements in supply chain security, anti-counterfeit technologies, and logistics optimization.
Access official press releases and market analysis covering VRME's financial performance, strategic partnerships, and technology deployments. Our curated collection includes updates on:
• Earnings reports and SEC filings
• Strategic collaborations in brand protection
• New authentication technology launches
• Supply chain security initiatives
• Leadership announcements and corporate milestones
Bookmark this page for real-time updates on VerifyMe's dual focus areas: protecting brand integrity through advanced traceability solutions and optimizing temperature-sensitive logistics through predictive analytics. Stay informed about developments impacting the company's position in cybersecurity and precision logistics markets.
VerifyMe (NASDAQ: VRME) reported its Q4 2024 financial results, showing mixed performance. The company generated revenue of $7.7 million in Q4 2024, down from $8.7 million in Q4 2023, with a gross profit of $2.4 million (32% margin). The quarter resulted in a net loss of $0.5 million.
For the full year 2024, VerifyMe recorded revenue of $24.2 million, compared to $25.3 million in 2023, while gross profit improved to $8.7 million (36%) from $8.0 million (32%). The company reported positive cash flow from operations of $0.9 million for 2024.
Notable improvements in liquidity include cash position of $5.7 million as of February 28, 2025, and the retirement of most company debt except for $0.8 million in convertible notes held by affiliates. The company also secured $4.7 million through warrant exercises at $3.215 per share.
VerifyMe (NASDAQ: VRME), a provider of brand protection and logistics solutions, has scheduled its Q4 2024 financial results release for March 6, 2025. The company will host an investor conference call and webcast at 11:00 a.m. Eastern Time on the same day.
The conference call will include management's prepared remarks on financial and operational results, followed by a Q&A session. Investors can access the webcast through the company's website or join via phone by calling +1 (844) 763-8274 (US) or +1 (412) 717-9224 (International).
Presentation slides will be available on VerifyMe's Investors section website on the morning of the call and will remain accessible for 90 days along with the webcast recording.
VerifyMe (NASDAQ: VRME) has entered into a warrant inducement agreement with an existing institutional investor. The agreement involves the immediate exercise of outstanding warrants to purchase 1,461,896 shares of common stock at $3.215 per share, issued on April 14, 2022. This transaction is expected to generate gross proceeds of approximately $4.7 million for the company, before deducting fees and expenses.
As part of the agreement, VerifyMe will issue new unregistered warrants to purchase an additional 1,461,896 shares at an exercise price of $4.00 per share. These new warrants will be immediately exercisable and will expire after five and a half years. The company has committed to file a registration statement with the SEC for the resale of shares issuable under the new warrants. The transaction is expected to close around January 15, 2025.
VerifyMe (NASDAQ: VRME) has announced an extension of its share repurchase plan through December 31, 2025. The Board approved a repurchase authorization of up to $500,000 of common stock shares, which can be executed through open market purchases, block trades, and private transactions. The plan will be funded from operational cash flow and maintains flexibility for strategic growth initiatives. The company is not obligated to purchase any specific number of shares and can modify or suspend the program at any time. Management highlighted operational efficiencies in PeriShip and expressed confidence in delivering shareholder value through organic and strategic initiatives.
VerifyMe (NASDAQ: VRME) reported Q3 2024 financial results with revenue of $5.4 million, down from $5.6 million in Q3 2023. Gross profit decreased to $1.9 million (35%) from $2.0 million (37%) year-over-year. The company recorded a net loss of ($2.4 million), including $1.8M of one-time adjustments, compared to ($0.9 million) loss in Q3 2023. Adjusted EBITDA remained stable at $0.2 million. The company announced plans to discontinue its Authentication Segment's code portion, including Amazon Transparency initiatives, redirecting investments toward Precision Logistics and other strategic growth options.
VerifyMe (NASDAQ: VRME) announced it will release its third quarter 2024 financial results on November 12, 2024. The company will host an investor conference call and webcast at 11:00 a.m. Eastern Time on the same day. The call will include prepared remarks about financial and operational results, followed by a Q&A session with executive management. Participants can access the webcast through the provided link or join by phone. Presentation slides will be available on VerifyMe's website and archived for 90 days.
VerifyMe (NASDAQ: VRME) reported its Q2 2024 financial results, showing improvements in key metrics. Quarterly revenue increased slightly to $5.4 million from $5.3 million in Q2 2023. Gross profit saw a significant rise of 32%, reaching $2.1 million (39% margin) compared to $1.6 million (30% margin) in Q2 2023. The company's net loss narrowed to ($0.3) million from ($0.9) million year-over-year. Notably, VerifyMe achieved a positive Adjusted EBITDA of $0.2 million, a turnaround from the ($0.4) million loss in Q2 2023.
CEO Adam Stedham highlighted the company's progress towards formalizing an agreement with Amazon and expressed optimism about the regulatory environment's potential to enhance VerifyMe's long-term prospects. The company maintains its projection of positive adjusted EBITDA for the full year 2024.
VerifyMe, Inc. (NASDAQ: VRME), a provider of brand protection and supply chain solutions, has announced it will release its Q2 2024 financial results on August 13, 2024. The company will host an investor conference call and webcast at 11:00 a.m. Eastern Time on the same day. The call will include prepared remarks on financial and operational results, followed by a Q&A session with executive management.
Investors can access the webcast at a provided link or join via phone. The presentation slides will be available on VerifyMe's website. Participants must be on the phone line to ask questions during the call. Pre-registration for the event is available. The webcast and slides will be archived on the company's website for 90 days after the event.
VerifyMe (NASDAQ: VRME) has updated its 2024 outlook following a strategic realignment by a major global carrier customer. This customer will discontinue subcontracting VerifyMe's Premium logistics services for one of its clients in June 2024. The service discontinuation is not due to quality issues but will impact a significant portion of Premium services revenue. Consequently, VerifyMe now anticipates mid-single digit revenue growth for 2024, down from previous double-digit expectations. Despite a reduction in the gross margin percentage, it is still expected to exceed 2023 levels. The company is actively seeking strategies to mitigate the gross margin impact on adjusted EBITDA. CEO Adam Stedham reiterated the company's commitment to its five-year growth plan, focused on initiatives outside the Premium services segment.
VerifyMe (NASDAQ: VRME) announced Q1 2024 financial results, showcasing notable improvements. Revenue slightly increased by 2% to $5.8 million from $5.7 million in Q1 2023. Gross profit surged 49% to $2.3 million, with a margin rise from 27% to 39%. Net loss decreased to $0.6 million from $1.6 million, and Adjusted EBITDA turned positive at $0.1 million, up from a $0.5 million loss last year. The Precision Logistics segment drove most revenue, countering declines in other areas. CEO Adam Stedham expressed confidence in continued growth and margin improvement. VerifyMe ended Q1 2024 with $2.8 million in cash and 10,176,603 shares outstanding.
