---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-22-013410"
form_type: "8-K"
ticker: "VRME"
cik: "0001104038"
company_name: "VerifyMe, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:13:33.380188+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001214659-22-013410
- form_type: 8-K
- ticker: VRME
- cik: 0001104038
- company_name: VerifyMe, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104038/000121465922013410/0001214659-22-013410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104038/000121465922013410/g1192208k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-22-013410
- JSON: https://secwatch.observer/filing/0001214659-22-013410.json
- Plain text: https://secwatch.observer/filing/0001214659-22-013410.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104038/000121465922013410/0001214659-22-013410-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.