secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001214659-24-004915
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VerifyMe reports FY 2023 revenue up 29% to $25.3M; Q4 gross margin improves to 36%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465924004915/0001214659-24-004915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465924004915/p3202468k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-004915

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