---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-014676"
form_type: "8-K"
ticker: "VRME"
cik: "0001104038"
company_name: "VerifyMe, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T08:38:55.520320+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001214659-23-014676
- form_type: 8-K
- ticker: VRME
- cik: 0001104038
- company_name: VerifyMe, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104038/000121465923014676/0001214659-23-014676-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104038/000121465923014676/d1172308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-014676
- JSON: https://secwatch.observer/filing/0001214659-23-014676.json
- Plain text: https://secwatch.observer/filing/0001214659-23-014676.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104038/000121465923014676/0001214659-23-014676-index.htm

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