VerifyMe, Inc. (NASDAQ:VRME ) Q4 2024 Earnings Conference Call March 6, 2025 11:00 AM ET Company Participants Nancy Meyers - Chief Financial Officer Adam Stedham - President and Chief Executive Officer Conference Call Participants Michael Petusky - Barrington Research Operator Good morning, everyone, and welcome to the VerifyMe Fourth Quarter 2024 Financial Results Conference Call. All participants will be in a listen-only mode.
Cash flow provided by operations of $0.6 million in Q4 2024 and $0.9 million in the year ended December 31, 2024 2024 annual revenue of $24.2 million, compared to $25.3 million in 2023; with fourth quarter revenue of $7.7 million, compared to $8.7 million in Q4 2023 (1) 2024 annual gross profit of $8.7 million or 36%, compared to $8.0 million or 32% in 2023; Gross Profit of $2.4 million or 32% in Q4 2024, compared to $2.9 million or 33% in Q4 2023 2024 annual net loss of $3.8 million (including $1.6 million of one-time adjustments), compared to a net loss of $3.4 million in 2023; Net loss of $0.5 million in Q4 2024, compared to net income of less than $0.1 million in Q4 2023(1) 2024 annual adjusted EBITDA(2) of $0.9 million, compared to $0.4 million in 2023; Adjusted EBITDA of $0.5 million in Q4 2024, compared to $1.1 million in Q4 2023(1) Cash of $5.7 million as of February 28, 2025 or $0.46 per share, senior long-term debt of $0.9 million repaid in 2025 LAKE MARY, Fla. , March 6, 2025 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, and brand protection and enhancement solutions, announced today the Company's financial results for its fourth quarter ended December 31, 2024 ("Q4 2024").
Declining revenues in the precision logistics segment are likely to have affected VRME's top line in the fourth quarter of 2024.
VerifyMe, Inc. (NASDAQ:VRME ) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Nancy Meyers - CFO Adam Stedham - CEO Conference Call Participants Michael Petusky - Barrington Research Jack Vander Aarde - Maxim Group Operator Hello, and welcome to the VerifyMe Third Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode.
VerifyMe, Inc. (VRME) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.06 per share a year ago.
Quarterly revenue of $5.4 million in Q3 2024, compared to $5.6 million in Q3 2023 Gross Profit of $1.9 million or 35% in Q3 2024, compared to $2.0 million or 37% in Q3 2023 Net loss of ($2.4) million in Q3 2024, including $1.8M of one-time adjustments, compared to a net loss of ($0.9) million in Q3 2023 Adjusted EBITDA1 of $0.2 million in Q3 2024, compared to Adjusted EBITDA of $0.2 million in Q3 2023 LAKE MARY, Fla. , Nov. 12, 2024 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability, authentication, anti-counterfeiting, and data-rich brand enhancement services, announced today the Company's financial results for its third quarter ended September 30, 2024 ("Q3 2024").
VerifyMe, Inc. (NASDAQ:VRME ) Q2 2024 Earnings Conference Call August 13, 2024 11:00 AM ET Company Participants Nancy Meyers - CFO Adam Stedham - CEO Conference Call Participants Jack Vander Aarde - Maxim Group Michael Petusky - Barrington Research Operator Good day, and welcome to the VerifyMe Second Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode.
Quarterly revenue of $5.4 million in Q2 2024, compared to $5.3 million in Q2 2023 Gross Profit of $2.1 million or 39% in Q2 2024, compared to $1.6 million or 30% in Q2 2023, an increase of 32% Net loss of ($0.3) million in Q2 2024, compared to a net loss of ($0.9) million in Q2 2023 Adjusted EBITDA(1) of $0.2 million in Q2 2024, compared to Adjusted EBITDA loss of ($0.4) million in Q2 2023 LAKE MARY, Fla. , Aug. 13, 2024 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability, authentication, anti-counterfeiting, and data-rich brand enhancement services, announced today the Company's financial results for its second quarter ended June 30, 2024 ("Q2 2024").
LAKE MARY, Fla. , Aug. 7, 2024 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability, authentication, anti-counterfeiting, and data-rich brand enhancement services, announced today that it will release its financial results for the second quarter ended June 30, 2024 on August 13, 2024.
LAKE MARY, Fla. , May 23, 2024 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiaries, Trust Codes Global Limited ("Trust Codes Global") and PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability, authentication, anti-counterfeiting, and data-rich brand enhancement services, announced today an update on its 2024 outlook.