VerifyMe Q2 2024 revenue $5.4M; net loss narrows to $0.3M, first positive adjusted EBITDA

VerifyMe, Inc.

2024-Q2 EPS reported -$0.09 revenue$11,111,000

Revenue $5.4M vs $5.3M Q2 2023; gross profit $2.1M (39%) up 32% from $1.6M (30%).
Net loss $(0.3)M ($0.03/diluted) vs $(0.9)M ($0.09) a year ago.
Adjusted EBITDA positive $0.2M vs $(0.4)M loss; management reaffirms full-year positive adjusted EBITDA.
Cash $2.9M at quarter end; CEO notes progress on formalizing Amazon relationship.

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