VerifyMe, Inc.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q3 2024

VerifyMe, Inc. (VRME) reports robust Q1 performance and strategic growth outlook

VerifyMe, Inc. delivered a strong performance in Q1 2024, showcasing revenue growth, improved profitability, and a positive adjusted EBITDA for the third consecutive quarter.
While facing challenges in certain segments and debt management, the company's strategic focus on cost management and revenue growth positions it well for future success.
By leveraging opportunities in expanding customer bases and enhancing operational efficiency, VerifyMe, Inc. can drive sustained growth and profitability in the coming quarters.

VerifyMe, Inc. reports steady revenue but boosts profitability in Q2 2024

VerifyMe, Inc. (VRME) showed steady revenue but notable improvements in profitability metrics and positive adjusted EBITDA for Q2 2024.
Challenges include an anticipated negative adjusted EBITDA for Q3 and hurdles in the Precision Logistics segment due to reduced shipping volumes.
However, the company's focus on expanding its customer base and strengthening key relationships presents growth opportunities for 2024 and beyond.
Overall, VerifyMe, Inc. (VRME) aims for financial stability and growth amidst operational challenges and market dynamics.

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VerifyMe, Inc. engages in the provision of software driven predictive analytics logistics. It operates under the PeriShip Global Solutions and VerifyMe Solutions segments. The PeriShip Global Solutions segment offers a value-added service provider for time and temperature sensitive parcel management. The VerifyMe Solutions segment specializes in solutions that connect brands with consumers through their products. The company was founded by Norman A. Gardner on November 10, 1999 and is headquartered in Lake Mary, FL.

Quarterly revenue of $9.7 million in Q4 2022, compared to $0.3 million in Q4 2021 Net income of $0.1 million in Q4 2022, compared to Net loss of $1.0 million in Q4 2021 Adjusted EBITDA(1) of $0.7 million in Q4 2022, compared to ($0.8) million in Q4 2021 Cash of $3.4 million as of December 31, 2022 Reported effective internal controls over financial reporting LAKE MARY, Fla. , March 28, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries PeriShip Global LLC ("PeriShip Global") and Trust Codes Global Limited ("Trust Codes Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication, and data-rich consumer engagement services, announced today the Company's financial results for its fourth quarter ended December 31, 2022 ("Q4 2022"), which includes the results of PeriShip Global acquired by the Company in April 2022 and are in line with our preliminary unaudited results published on February 21, 2023.

VerifyMe Reports Positive Net Income in Fourth Quarter 2022 Financial Results

LAKE MARY, Fla. , March 22, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication, and data-rich consumer engagement services, announced today that it will release its financial results for the fourth quarter ended December 31, 2022 on March 28, 2023.

VerifyMe to Report Fourth Quarter 2022 Financial Results on March 28, 2023

LAKE MARY, Fla. , March 16, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, and data-rich consumer engagement services, announced today that Patrick White has agreed to leave the Company to pursue other opportunities.

VerifyMe Announces Leadership Change

Strategic acquisition increases VerifyMe's service offerings, and geographic markets LAKE MARY, Fla. , March 2, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication, and data-rich consumer engagement services, announced today that it has acquired the assets of Trust Codes Limited, a New Zealand business specializing in unique item level codes for brand protection, data intelligence and consumer engagement technology with an expertise in the food and agriculture industry.

VerifyMe Acquires Assets of Digital Identity Brand Protection Company, Trust Codes Limited

LAKE MARY, Fla. , Feb. 21, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication, and data-rich consumer engagement services, announced today preliminary, unaudited revenue results for the fourth quarter ended December 31, 2022.

VerifyMe Announces Select Preliminary Unaudited Fourth Quarter Record Revenue Results

ROCHESTER, N.Y. , Jan. 12, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication, and data-rich consumer engagement, announced today that it has entered into a Mutual Sales Referral Agreement (the "Agreement") with The Agrarian Group, LLC ("TAG").

VerifyMe Signs Mutual Sales Referral Agreement with The Agrarian Group

Order booking is accelerating. Recent developments are encouraging.

VerifyMe: Anti-Counterfeiting Ready For Primetime In 2023?

ROCHESTER, N.Y. , Dec. 15, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication, and data-rich consumer engagement, announced today that it has received orders during the fourth quarter of more than $0.8 million in VerifyMe technology-enabled product labels mainly from apparel and agriculture related clients.

VerifyMe Corporate Update

ROCHESTER, N.Y. , Dec. 1, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication, and data-rich consumer engagement, announced today that it has renewed its exclusive ink taggant partnership with HP Indigo Ltd.

VerifyMe and HP Indigo Ltd. enter into Five-Year Extension and Expansion of Agreement

VerifyMe, Inc. (NASDAQ:VRME ) Q3 2022 Earnings Conference Call November 10, 2022 11:00 AM ET Company Participants Nancy Meyers - Senior Vice President-Finance & Investor Relations Scott Greenberg - Executive Chairman Patrick White - Chief Executive Officer Curt Kole - Executive Vice President-Sales & Global Strategy Margaret Gezerlis - Executive Vice President & Chief Financial Officer Conference Call Participants Mike Petusky - Barrington Research Jack Vander - Maxim Group Operator Good morning, and welcome to the VerifyMe Third Quarter 2022 Financial Results Conference Call. All participants will be in listen-only mode.

VerifyMe, Inc. (VRME) Q3 2022 Earnings Call Transcript

VerifyMe, Inc. (VRME) delivered earnings and revenue surprises of -100% and 0.27%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

VerifyMe, Inc. (VRME) Reports Q3 Loss, Tops Revenue Estimates

Quarterly revenue of $5.2 million, compared to $0.3 million in Q3 2021 Net Loss of $0.6 million in Q3 2022, compared to Net Income of $7.2 million in Q3 2021 (inclusive of non-cash gain on equity investment of $8.2 million related to the SPAC in Q3 2021) Adjusted EBITDA(1) of ($0.2) million, compared to ($0.6) million in Q3 2021 Cash of $3.7 million as of September 30, 2022 ROCHESTER, N.Y. , Nov. 10, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME)  together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication, and data-rich consumer engagement, announced today the Company's financial results for its third quarter ended September 30, 2022 ("Q3 2022").

VerifyMe Reports Third Quarter 2022 Financial Results and Positive Outlook

ROCHESTER, N.Y. , Nov. 8, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication, and data-rich consumer engagement, announced today that it will release its financial results for the third quarter ended September 30, 2022 on November 10, 2022.

VerifyMe to Report Third Quarter 2022 Financial Results on November 10, 2022

VerifyMe, Inc. (VRME) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate VerifyMe, Inc. (VRME) to Report a Decline in Earnings: What to Look Out for

ROCHESTER, N.Y. , Oct. 6, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its wholly owned subsidiary PeriShip Global LLC, provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication and data-rich consumer engagement, announced today that it has entered into an agreement with an international luxury apparel company to provide  brand protection solutions.

VerifyMe Enters into Contract with International Luxury Apparel Company

ROCHESTER, N.Y. , Sept. 27, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its wholly owned subsidiary PeriShip Global LLC ("PeriShip"), provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication and data-rich consumer engagement, announced today that PeriShip has entered into a new debt facility with PNC Bank, National Association and repaid all outstanding principal and interest on the promissory note issued in connection with the PeriShip acquisition.

VerifyMe Subsidiary Enters into a $2 million Term Loan Agreement and a $1 million line of credit with PNC Bank and Repays $2.0 million promissory note from PeriShip Acquisition

ROCHESTER, N.Y. , Aug. 31, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its subsidiary PeriShip Global LLC ("PeriShip"), provides brand owners time and temperature sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, announced today that the company has entered into a new multi-year extension of their professional services agreement with its strategic partner to provide proactive customer service to their customers.

VerifyMe Enters into Multi-Year Contract Extension with Strategic Partner and Largest Customer of PeriShip

Quarterly revenue of $4.5 million, compared to $0.1 million in Q2 2021 Significant growth from acquisition while continuing organic growth trend Net Loss of $12.6 million in Q2 2022 (inclusive of non-cash write off of $11.2 million related to the SPAC), compared to $1.4 million in Q2 2021 Adjusted EBITDA(1) of ($0.3) million, compared to ($0.9) million in Q2 2021 Cash of $3.8 million as of June 30, 2022 ROCHESTER, N.Y. , Aug. 15, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its subsidiary PeriShip Global LLC ("PeriShip Global"), provides brand owners time and temperature sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products,  announced today the Company's financial results for the second quarter ended June 30, 2022 ("Q2 2022").

VerifyMe Reports Significant Revenue Growth in Second Quarter 2022 Results

ROCHESTER, N.Y. , July 18, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its subsidiary PeriShip Global LLC ("PeriShip"), provides brand owners time and temperature sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, announced today that the company has received its first invitation to present at the 15th Annual Barrington Research Virtual Fall Conference on September 8, 2022.

VerifyMe to Present at the 15th Annual Barrington Research Virtual Fall Conference

VerifyMe, Inc (NASDAQ: VRME) elected not to extend the period for a special purpose acquisition company (SPAC) merger with G3 VRM Acquisition Corp (NASDAQ: GGGVU).  VerifyMe's board determined that it was not in its best interests to allocate additional financial.

Here's Why VerifyMe Shares Are Trading Higher Today

G3 VRM Acquisition Corp

ROCHESTER, N.Y. , July 1, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its subsidiary PeriShip Global LLC ("PeriShip"), provides brand owners time and temperature sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, announced today that it and its co-sponsor have elected to not extend the period for G3 VRM Acquisition Corp (NASDAQ: GGGVU), a special purpose acquisition company (the "SPAC") to consummate a business combination, and that VerifyMe has initiated a new share repurchase program.

VerifyMe Announces SPAC Liquidation and Initiates New Share Repurchase Program

Dave Edmonds Retired Senior VP of FedEx World Wide Services and Curt Kole Former FedEx Cold Chain Pharmaceutical Logistics Specialist Officially Join PeriShip Global LLC Board of Directors ROCHESTER, N.Y. , June 16, 2022  /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its PeriShip Global LLC subsidiary provides brand owners time and temperature sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, is pleased to announce that Dave Edmonds, recently retired Senior VP of FedEx World Wide Services and Curt Kole, PeriShip Global's Executive Vice President, Sales & Global Strategy have joined the board of directors of VerifyMe's wholly owned subsidiary, PeriShip Global LLC.

VerifyMe Wholly Owned Subsidiary PeriShip Global LLC Adds Two Former FedEx Executives to Board of Directors

Technologic Advance Greatly Expands the Market for VerifyMe's Brand Protection and Consumer Engagement Solutions ROCHESTER, N.Y., June 1, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners time sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, is pleased to announce that it has successfully developed VerifyInk,TM a covert ink technology now available for sale to run on continuous inkjet printers ("CIJ").

VerifyMe Launches Covert Brand Protection Ink for Direct to Product Continuous Inkjet Printers

VerifyMe's EMEA strategy pays off with its first UK based customer ROCHESTER, N.Y. , May 26, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners time and temperature sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, is pleased to announce its first customer in the UK.

VerifyMe Expands Into the UK With A New Customer

Quarterly revenue of $161 thousand, compared to $188 thousand in Q1 2021 Second Quarter revenue expected to have significant organic and acquisition growth Closing of transformative PeriShip acquisition in April 2022 ROCHESTER, N.Y. , May 11, 2022 /PRNewswire/ -- VerifyMe , Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners with authentication, supply chain monitoring and data rich consumer engagement features using unique smartphone readable codes on their products, announced today the Company's financial results for the first quarter ended March 31, 2022 ("Q1 2022").

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