secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001214659-23-010946
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465923010946/0001214659-23-010946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465923010946/o892308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-010946

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