VerifyMe Q3 2022 revenue $5.2M (+1,638% YoY); adjusted EBITDA loss narrows; Q4 outlook positive

VerifyMe, Inc.

2022-Q3 EPS reported -$1.76 revenue$9,873,000

Quarterly revenue $5.2M, up 1,638% YoY from $0.3M, primarily from PeriShip Global acquisition in April 2022.
Net loss $0.6M ($0.06 diluted EPS) vs net income $7.2M ($0.95 EPS) in Q3 2021, which included $8.2M non-cash SPAC gain.
Adjusted EBITDA loss ($0.2M) improved from ($0.6M) YoY; cash $3.7M at quarter end.
CEO expects Q4 to be largest revenue quarter of the year with positive adjusted EBITDA, citing flu vaccine shipments and holiday season.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VerifyMe, Inc. reported three months ended September 30, 2022 results: revenue Quarterly revenue of $5.2 million, net income Net loss of $0.6 million, EPS ($0.06) fully diluted loss per share.

Period: three months ended September 30, 2022
Revenue: Quarterly revenue of $5.2 million
Net income: Net loss of $0.6 million
EPS: ($0.06) fully diluted loss per share
Result: reported results

Exact text from the filing

EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 VerifyMe Reports Third Quarter 2022 Financial Results and Positive Outlook · 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

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Source: SEC EDGAR

accession 0001214659-22-013410

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