VerifyMe Q1 2026 revenue down 60% to $1.8M; net loss widens to $0.7M

VerifyMe, Inc.

2026-Q1 EPS reported -$0.05 revenue$1,772,000

Revenue $1.8M vs $4.5M in Q1 2025, a 60% decline due to transition to new shipping partner.
Gross margin improved to 54% (from 33%) on lower revenue and cost restructuring.
Net loss of ($0.7)M or ($0.05)/diluted share versus ($0.6)M in prior year.
Adjusted EBITDA was ($0.1)M compared to $0.0M in Q1 2025; cash $3.5M at quarter end.
Received $2.1M final payment on ZenCredit loan on May 11, 2026, boosting liquidity.

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