Highest-materiality recent filing
VerifyMe Q1 2026 revenue down 60% to $1.8M; net loss widens to $0.7M
Revenue $1.8M vs $4.5M in Q1 2025, a 60% decline due to transition to new shipping partner.
VerifyMe receives Nasdaq bid price deficiency notice; 180 days to comply
Nasdaq notified VerifyMe on April 17, 2026 that its common stock bid price closed below $1 for 30 consecutive business days.
VerifyMe extends merger closing deadline with Open World to August 31, 2026
Outside date under Merger Agreement extended from June 30, 2026 to August 31, 2026.
VerifyMe Q4 2025 revenue down 69% YoY to $2.4M; annual net loss widens to $4.9M
Q4 2025 revenue $2.4M vs $7.7M in Q4 2024 (−69%); full-year revenue $16.4M vs $24.2M (−32%).
VerifyMe to merge with Open World; pre-merger shareholders retain ~10% of post-close entity
Reverse merger: Open World holders receive ~90% of combined common stock; VRME holders retain ~10%.
VerifyMe regains Nasdaq minimum bid compliance; delisting risk resolved
Nasdaq confirmed closing bid price at or above $1.00 for 10 consecutive days from Jan 13-29, 2026.
VerifyMe to merge with Open World; Open World shareholders to own 90% of combined company
Letter of intent signed Jan 2, 2026; 60-day exclusivity period to negotiate definitive merger agreement.
VerifyMe receives Nasdaq deficiency notice for bid price below $1; compliance deadline June 10, 2026
Received Nasdaq letter on Dec 12, 2025 for failing to maintain minimum bid price of $1 per share over 30 consecutive business days.
VerifyMe Q3 revenue $5.0M, adjusted EBITDA up to $0.8M, net loss widens on one-time items
Revenue $5.0M, down from $5.4M in Q3 2024; gross margin improved to 41% from 35%.
VerifyMe regains Nasdaq minimum bid price compliance after 10 consecutive days above $1.00
Received Nasdaq compliance notice on October 17, 2025.
VerifyMe stockholders elect directors, approve reverse split authorization and advisory pay vote
Marshall Geller, Howard Goldberg, Scott Greenberg, Adam H. Stedham, David Edmonds elected as directors for one-year term.
Dr. Arthur Laffer resigns from VerifyMe board; David Edmonds appointed to Audit Committee
Dr. Arthur Laffer resigned as director of VerifyMe, effective September 24, 2025.
VerifyMe loses FedEx preferred shipper status; 85% of revenue at risk
FedEx termination effective Sep 24, 2025; no new accounts effective immediately.
VerifyMe Q2 revenue down 17% to $4.5M; net loss narrows; adjusted EBITDA positive $0.3M
Revenue $4.5M (Q2 2024: $5.4M); gross profit $1.6M (35% margin vs 39%).
VerifyMe loans $2M to ZenCredit Ventures at 16% annual interest
VerifyMe agreed to lend ZenCredit up to $2M under a Master Loan Agreement with 16% annual interest.
VerifyMe reduces stockholder quorum from majority to 33 1/3% effective July 8, 2025
Quorum requirement for stockholder meetings reduced from a majority to 33 1/3% of shares entitled to vote.
VerifyMe subsidiary PeriShip enters three-year UPS digital channel program agreement
PeriShip Global (VerifyMe subsidiary) signed two agreements with UPS entities on July 29, 2025.
VerifyMe names Jennifer Cola CFO as Nancy Meyers retires; quorum reduced to 33%
Jennifer Cola appointed CFO effective July 8, 2025; previously VP of Finance since May 2025.
VerifyMe Q1 revenue down 22% to $4.5M, net loss flat at $0.6M
Revenue of $4.5M vs $5.8M YoY; ~53% of decline from lost Premium services customer ($0.7M).
VerifyMe CFO Nancy Meyers to retire July 7, 2025; Jennifer Cola named successor
Meyers' retirement effective July 7, 2025; no disagreement over operations or accounting.
VerifyMe receives Nasdaq deficiency notice for minimum bid price non-compliance
Received Nasdaq letter on April 3, 2025; common stock bid price below $1 for 30 consecutive days.
VerifyMe Q4 rev $7.7M, 2024 adj EBITDA $0.9M; enters $15.8M ATM
Q4 2024 revenue $7.7M (down 11% YoY); net loss $0.5M vs. net income <$0.1M in Q4 2023.
VerifyMe regains compliance with Nasdaq minimum bid price rule
Received notice from Nasdaq on Jan 16, 2025; closing bid price at $1.00+ for 10 consecutive days.
VerifyMe raises $4.7M via warrant exercise inducement; issues new warrants at $4.00
Gross proceeds ~$4.7M from immediate cash exercise of 1,461,896 existing warrants at $3.215/share.
VerifyMe receives Nasdaq delisting notice for bid price below $1.00
Nasdaq notified VerifyMe (VRME) that its common stock bid price closed below $1.00 for 30 consecutive business days, violating Listing Rule 5550(a)(2).
VerifyMe sells Trust Codes Global for NZD $1 to former EVP Paul Ryan
Sold 100% of subsidiary Trust Codes Global Limited for aggregate cash consideration of approximately NZD $1.
VerifyMe extends share repurchase plan; authorizes up to $500k in buybacks through Dec 2025
Board extended share repurchase plan expiration to December 31, 2025.
VerifyMe Q3 net loss widens to $2.4M; board approves closing Trust Codes Global segment
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.
VerifyMe Q2 2024 revenue $5.4M; net loss narrows to $0.3M, first positive adjusted EBITDA
Revenue $5.4M vs $5.3M Q2 2023; gross profit $2.1M (39%) up 32% from $1.6M (30%).
VerifyMe CEO and CFO take 10% salary reduction, get RSUs at $1.60/share
CEO Adam Stedham and CFO Nancy Meyers each agreed to 10% annual base salary reduction effective July 1, 2024 through Dec 31, 2025.
VerifyMe terminates EVP Curt Kole effective June 30, 2024
Curt Kole terminated from all positions including EVP Precision Logistics and EVP Global Sales & Strategy of PeriShip Global LLC.
VerifyMe shareholders elect all six director nominees, approve equity plan amendment, ratify auditor
All six director nominees elected with 4.5M-4.8M votes for; broker non-votes of 1.42M.
VerifyMe reports Q1 2024 revenue of $5.8M, gross profit up 49%, net loss narrows to $0.6M
Revenue of $5.8M in Q1 2024, up 2% from $5.7M in Q1 2023.
VerifyMe reports FY 2023 revenue up 29% to $25.3M; Q4 gross margin improves to 36%
Annual revenue $25.3M (+29% YoY); Q4 revenue $8.7M (down 10% YoY due to non-recurring authentication order).
VerifyMe approves short-term bonus plan for CFO and EVP; CEO bonus now payable in cash or stock
Compensation Committee approved a short-term incentive cash bonus plan for most employees, including CFO Nancy Meyers and EVP Curt Kole.
Also on May 9, 2025, the Compensation Committee of the Board approved the appointment and compensation of Jennifer Cola, who will serve as Vice President of Finance and report directly to Ms. Meyers, effective, May 19, 2025.
On May 6, 2025, Nancy Meyers notified VerifyMe, Inc. (the “Company”) of her decision to retire from her position as the Company’s Executive Vice President and Chief Financial Officer effective July 7, 2025.
terminated Curt Kole’s employment effective June 30, 2024 from all positions with the Company and its subsidiaries, including as the Company’s Executive Vice President of Precision Logistics and as Executive Vice President, Global Sales and Strategy of the Company’s wholly owned subsidiary PeriShip Global LLC.
Max materiality 0.90 · Median 0.60 · Most common event earnings