secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001214659-23-006773
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465923006773/0001214659-23-006773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465923006773/d592318k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-006773

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