---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-008994"
form_type: "8-K"
ticker: "VRME"
cik: "0001104038"
company_name: "VerifyMe, Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:15:17.190385+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# VerifyMe reports Q1 2024 revenue of $5.8M, gross profit up 49%, net loss narrows to $0.6M

## Summary
- Revenue of $5.8M in Q1 2024, up 2% from $5.7M in Q1 2023.
- Gross profit of $2.3M (39% margin), a 49% increase from $1.5M (27%) a year earlier.
- Net loss of ($0.6M) or ($0.05) per diluted share vs. ($1.6M) or ($0.17) in Q1 2023.
- Adjusted EBITDA of $0.1M positive, the third consecutive quarter of positive adjusted EBITDA.
- Cash balance of $2.8M as of March 31, 2024.

## SEC filing metadata
- accession: 0001214659-24-008994
- form_type: 8-K
- ticker: VRME
- cik: 0001104038
- company_name: VerifyMe, Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1104038/000121465924008994/0001214659-24-008994-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104038/000121465924008994/d5132438k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-008994
- JSON: https://secwatch.observer/filing/0001214659-24-008994.json
- Plain text: https://secwatch.observer/filing/0001214659-24-008994.txt

## Key facts
- Earnings Releases
  VerifyMe, Inc. reported three months ended March 31, 2024 results: revenue $5.8 million, net income ($0.6) million, EPS ($0.05) per diluted share.
  - Period: three months ended March 31, 2024
  - Revenue: $5.8 million
  - Net income: ($0.6) million
  - EPS: ($0.05) per diluted share
  - Result: reported results
  source text: 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 VerifyMe Reports Improved First Quarter 2024 Financial Results including a Gross Profit increase of 49% · Quarterly revenue of $5.8 million in Q1 2024, compared to $5.7 million in Q1, 2023 · Gross Profit of $2.3 million or 39% in Q1 2024, compared to $1.5 million or 27% in Q1 2023, an increase of 49% · Net loss of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104038/000121465924008994/0001214659-24-008994-index.htm

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