secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001214659-22-013410
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465922013410/0001214659-22-013410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465922013410/g1192208k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-22-013410

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer