{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-24-004915","form_type":"8-K","ticker":"VRME","cik":"0001104038","company_name":"VerifyMe, Inc.","filed_at":"2024-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.373784+00:00","generated_at":"2026-06-04T09:33:05.721739+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"VerifyMe reports FY 2023 revenue up 29% to $25.3M; Q4 gross margin improves to 36%","bullets":["Annual revenue $25.3M (+29% YoY); Q4 revenue $8.7M (down 10% YoY due to non-recurring authentication order).","Annual gross margin improved to 36% (33% in 2022); Q4 gross margin 36% vs 29% YoY.","Annual net loss narrowed to $3.4M from $14.4M (prior year included $10.9M SPAC loss); Q4 net income ~$0.","Adjusted EBITDA Q4 $1.1M (vs $0.7M Q4 2022); operating cash flow $0.8M in Q4.","Cash $3.1M at Dec 31, 2023; full-year operating cash flow $0.2M."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-24-004915","json":"https://secwatch.observer/filing/0001214659-24-004915.json","markdown":"https://secwatch.observer/filing/0001214659-24-004915.md","text":"https://secwatch.observer/filing/0001214659-24-004915.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1104038/000121465924004915/0001214659-24-004915-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1104038/000121465924004915/p3202468k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T09:33:05.721739+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2bd1ce74f54fdc7bb614fa0a6c268bfbfeabb17b","claim":"VerifyMe, Inc. reported the three months ended December 31, 2023 results: revenue $8.7 million, net income less than $0.1 million, EPS ($0.00) per diluted share.","evidence_excerpt":"Key Financial Highlights for Q4 2023: · Cash flow from operations was $0.8 million in Q4 2023 · Quarterly consolidated revenue of $8.7 million in Q4 2023, compared to $9.7 million for the three months ended December 31, 2022 (“Q4 2022”), approximately 56% of the reduction is attributable to a large order in the Authentication segment in 2022 that did not recur in 2023, approximately 40% of the reduction was in the Precision Logistics segment due to reduced proactive shipments with low margin customers · Gross profit of $3.1 million or 36% in Q4 2023, compared to $2.8 million or 29% in Q4 2022 · Net income of less than $0.1 million or ($0.00) per diluted share in Q4 2023, compared to a net income of $0.1 million or $0.01 per diluted share in Q4 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1104038/000121465924004915/0001214659-24-004915-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended December 31, 2023"},{"label":"Revenue","value":"$8.7 million"},{"label":"Net income","value":"less than $0.1 million"},{"label":"EPS","value":"($0.00) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3b70162a7a9a8639bb68a1ada614017f875e044b","claim":"VerifyMe, Inc. reported the year ended December 31, 2023 results: revenue $25.3 million, net income net loss of $3.4 million.","evidence_excerpt":"2023 annual revenue of $25.3 million, compared to $19.6 million in 2022, an increase of 29%; with fourth quarter revenue of $8.7 million in Q4 2023, compared to $9.7 million in Q4 2022 · 2023 annual gross profit of $9.0 million or 36%, compared to $6.5 million or 33% in 2022; Gross Profit of $3.1 million or 36% in Q4 2023, compared to $2.8 million or 29% in Q4 2022 · 2023 annual net loss of $3.4 million, compared to a net loss of $14.4 million in 2022 (which includes the loss on the SPAC of 10.9 million); Net income of less than $0.1 million in Q4 2023, compared to net income of $0.1 million in Q4 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1104038/000121465924004915/0001214659-24-004915-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$25.3 million"},{"label":"Net income","value":"net loss of $3.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}