---
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"
generated_at: "2026-06-15T03:31:48.225682+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# VerifyMe reports Q1 2023 revenue of $5.7M, net loss of $1.6M; adjusted EBITDA loss narrows

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-006773
- JSON: https://secwatch.observer/filing/0001214659-23-006773.json
- Plain text: https://secwatch.observer/filing/0001214659-23-006773.txt

## Key facts
- Earnings Releases
  VerifyMe, Inc. reported Q1 2023 results: revenue $5.7 million, net income Net loss of $1.6 million, EPS ($0.17) per diluted share.
  - Period: Q1 2023
  - Revenue: $5.7 million
  - Net income: Net loss of $1.6 million
  - EPS: ($0.17) per diluted share
  - Result: reported results
  source text: · 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_url: https://www.sec.gov/Archives/edgar/data/1104038/000121465923006773/0001214659-23-006773-index.htm

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