secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2026-05-15T12:00:23+00:00
Accession:  0001214659-26-006255
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465926006255/0001214659-26-006255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465926006255/z5142608k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-26-006255

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