---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-018697"
form_type: "8-K"
ticker: "VRME"
cik: "0001104038"
company_name: "VerifyMe, Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:33:45.777414+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# VerifyMe Q3 net loss widens to $2.4M; board approves closing Trust Codes Global segment

## Summary
- Revenue $5.4M in Q3 2024, down from $5.6M in Q3 2023; net loss ($2.4M) vs ($0.9M); adjusted EBITDA flat at $0.2M.
- Board approved closing Trust Codes Global by end of Nov 2024 unless sold; $1.8M impairment recorded in Q3 (goodwill $1.35M, intangible $0.9M, offset by $0.48M gain).
- Company discontinuing codes portion of Authentication segment and ending Amazon Transparency pursuit, redirecting resources to Precision Logistics.
- Cash expenditures for potential closure estimated below $50,000; no material future cash outlay expected.

## SEC filing metadata
- accession: 0001214659-24-018697
- form_type: 8-K
- ticker: VRME
- cik: 0001104038
- company_name: VerifyMe, Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 2.06, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104038/000121465924018697/0001214659-24-018697-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104038/000121465924018697/o11112418k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-018697
- JSON: https://secwatch.observer/filing/0001214659-24-018697.json
- Plain text: https://secwatch.observer/filing/0001214659-24-018697.txt

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