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 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 loses FedEx preferred shipper status; 85% of revenue at risk
FedEx termination effective Sep 24, 2025; no new accounts effective immediately.
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 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 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 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 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 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).
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