VerifyMe reports Q3 2023 net loss of $0.9M; revenue up 7% to $5.6M

VerifyMe, Inc.

2023-Q3 EPS reported -$0.35 revenue$16,600,000

Revenue $5.6M (+7% YoY) driven by Precision Logistics premium services growth.
Gross profit $2.3M (41% margin) vs $1.9M (36%) in Q3 2022.
Net loss $0.9M ($0.09 diluted EPS) vs $0.6M loss ($0.06) prior year.
Adjusted EBITDA turned positive to $0.2M from ($0.2M) loss.
Cash of $3.0M as of Sep 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 0.98

VerifyMe, Inc. reported the three and nine months ended September 30, 2023 results: revenue $5.6 million, net income ($0.9) million, EPS ($0.09) per diluted share.

Period: the three and nine months ended September 30, 2023
Revenue: $5.6 million
Net income: ($0.9) million
EPS: ($0.09) per diluted share
Result: reported results

Exact text from the filing

the Exchange Act.. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 VerifyMe Reports Third Quarter 2023 Financial Results · Quarterly revenue of $5.6 million in Q3 2023, compared to $5.2 million in Q3 2022 · Gross Profit of $2.3 million or 41% in Q3 2023, compared to $1.9 million or 36% in Q3 2022 · Net loss of ($0.9) million in Q3

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VerifyMe, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-014676

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