VerifyMe Q2 revenue up 19% to $5.3M, net loss narrows to $0.9M from $12.6M

VerifyMe, Inc.

2023-Q2 EPS reported -$0.26 revenue$10,996,000

Revenue $5.3M (+19% YoY) driven by PeriShip Global acquisition; gross margin 34% vs 37%.
Net loss of $0.9M ($0.09 loss per share) improved from $12.6M (included $11.2M SPAC impairment).
Adjusted EBITDA loss of $0.4M vs $0.3M loss in prior year; acquisition/integration costs $0.2M.
Cash balance $2.7M as of June 30, 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

VerifyMe, Inc. reported financial results for three and six months ended June 30, 2023.

Period: three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 10, 2023, VerifyMe, Inc. (the “Company”) issued a press release announcing its financial results for its three and six months ended June 30, 2023.

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VerifyMe, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-010946

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