{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-006773","form_type":"8-K","ticker":"VRME","cik":"0001104038","company_name":"VerifyMe, Inc.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.951026+00:00","generated_at":"2026-06-15T03:31:48.225682+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"VerifyMe reports Q1 2023 revenue of $5.7M, net loss of $1.6M; adjusted EBITDA loss narrows","bullets":["Revenue $5.7M, up 3,416% from $0.2M in Q1 2022, driven by April 2022 acquisition of PeriShip Global.","Net loss of $1.6M ($0.17/diluted share) vs. $1.4M ($0.19/shr) in prior year; adjusted loss per share ($0.11).","Adjusted EBITDA loss of ($0.5)M improved from ($1.1)M in Q1 2022.","Cash of $3.1M as of March 31, 2023; management projects meeting 2023 goals despite seasonal lower H1 revenue."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-006773","json":"https://secwatch.observer/filing/0001214659-23-006773.json","markdown":"https://secwatch.observer/filing/0001214659-23-006773.md","text":"https://secwatch.observer/filing/0001214659-23-006773.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1104038/000121465923006773/0001214659-23-006773-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1104038/000121465923006773/d592318k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T03:31:48.225682+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1e0dc716c4f5b9da8dc5713845160313c21d100c","claim":"VerifyMe, Inc. reported Q1 2023 results: revenue $5.7 million, net income Net loss of $1.6 million, EPS ($0.17) per diluted share.","evidence_excerpt":"· Quarterly consolidated revenue of $5.7 million for the three months ended March 31, 2023, an increase of 3,416% compared to $0.2 million for the three months ended March 31, 2022, primarily attributable to the acquisition of the PeriShip Global business in April 2022 · Gross profit of $1.8 million or 31% for the three months ended March 31, 2023, compared to $0.1 million or 76% for the three months ended March 31, 2022 · Net loss of $1.6 million or ($0.17) per diluted share for the three months ended March 31, 2023, compared to a net loss of $1.4 million or ($0.19) per diluted share for the three months ended March 31, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1104038/000121465923006773/0001214659-23-006773-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q1 2023"},{"label":"Revenue","value":"$5.7 million"},{"label":"Net income","value":"Net loss of $1.6 million"},{"label":"EPS","value":"($0.17) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}