secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001214659-24-008994
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465924008994/0001214659-24-008994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465924008994/d5132438k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-008994

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