---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-004270"
form_type: "8-K"
ticker: "VRME"
cik: "0001104038"
company_name: "VerifyMe, Inc."
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T11:46:56.129932+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# VerifyMe swings to Q4 profit on 3,705% revenue surge from PeriShip acquisition

## Summary
- Q4 2022 revenue $9.7M vs $0.3M YoY (+3,705%), driven by April 2022 acquisition of PeriShip Global.
- Net income $0.1M ($0.01 diluted EPS) compared to net loss $1.0M ($0.14 loss) in Q4 2021.
- Adjusted EBITDA $0.7M in Q4 2022 vs -$0.8M in Q4 2021; cash balance $3.4M as of Dec 31, 2022.
- Management concluded internal controls over financial reporting effective as of Dec 31, 2022, after prior material weaknesses.

## SEC filing metadata
- accession: 0001214659-23-004270
- form_type: 8-K
- ticker: VRME
- cik: 0001104038
- company_name: VerifyMe, Inc.
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104038/000121465923004270/0001214659-23-004270-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104038/000121465923004270/b3272308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-004270
- JSON: https://secwatch.observer/filing/0001214659-23-004270.json
- Plain text: https://secwatch.observer/filing/0001214659-23-004270.txt

## Key facts
- Earnings Releases
  VerifyMe, Inc. reported for its three months and year ended December 31, 2022 results: revenue $9.7 million, net income $0.1 million, EPS $0.01 per diluted share.
  - Period: for its three months and year ended December 31, 2022
  - Revenue: $9.7 million
  - Net income: $0.1 million
  - EPS: $0.01 per diluted 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 Positive Net Income in Fourth Quarter 2022 Financial Results · 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104038/000121465923004270/0001214659-23-004270-index.htm

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