Verb Tech Q3 revenue falls to $2.2M, loss narrows; $9M in new financings

TON Strategy Co

2023-Q3 EPS reported -$9.30 revenue$7,277,000

SaaS recurring subscription revenue $1.9M, up modestly YoY; total digital revenue $2M vs $2.4M.
Net loss $8.0M narrowed from $8.8M; Modified EBITDA improved 25% to ($5.2M).
Post-quarter: $4M direct offering (Oct 25) and $5M 9% non-convertible note (Nov 7).
Cost cuts: monthly opex reduced; execs/Board take 25% cash compensation cut.
Nasdaq grants 6-month extension to regain $1 bid; Alantra hired for strategic review.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TON Strategy Co reported the three months ended September 30, 2022 results: revenue $2.2 million.

Period: the three months ended September 30, 2022
Revenue: $2.2 million
Result: reported results

Exact text from the filing

Total revenue was $2.2 million, versus $2.9 million for the same period last year

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TON Strategy Co reported the nine months ended September 30, 2022 results: revenue $7.3 million.

Period: the nine months ended September 30, 2022
Revenue: $7.3 million
Result: reported results

Exact text from the filing

Total revenue was $7.3 million, a decrease of 7% over the same period last year

View on SEC.gov

170 earnings releases filed in the last 30 days. Browse all earnings releases →

TON Strategy Co filing history →

Source: SEC EDGAR

accession 0001493152-22-032948

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