VerifyMe, Inc. provides security solutions for the identification and authentication of people, products, and packaging for various applications in the United States. The company offers RainbowSecure technology that combines an invisible ink with a proprietary tuned laser to enable counterfeit products to be exposed; SecureLight technology, which changes the color of ink for use in various applications, including credit cards, driver's licenses, passports, stock certificates, clothing labels, currencies, ID cards, and tax stamps, as well as to protect apparels, pharmaceuticals, and other physical products; and SecureLight+ technology, a solution that can be authenticated by proprietary tuned laser devices, and with fluorescent lighting. It also provides VeriPAS technology, which provides brand owners geographical business intelligence on counterfeiting; VeriPAS Smartphone Authenticator technology, a piece of hardware with a built-in lighting system and software that scans invisible RainbowSecure codes; VerifyMe as Authentic technology, a dual-purpose pre-printed label with a visible serialized QR code for consumer scanning purposes, as well as an invisible serialized IR code for inspector scanning, authentication, and tracking purposes; and VerifyMe Beeper technology, an authentication tool that is designed for customers who desire instant authentication on items, such as event tickets at an entry gate. VerifyMe, Inc. has strategic partnerships with INX International Ink Company; and Techind Engineers & Consultants-Impex. The company was formerly known as LaserLock Technologies, Inc. and changed its name to VerifyMe, Inc. in July 2015. VerifyMe, Inc. was founded in 1999 and is based in Rochester, New York.
IPO Year:
Exchange: NASDAQ
Website: verifyme.com
Quarterly revenue of $5.4 million in Q3 2024, compared to $5.6 million in Q3 2023Gross Profit of $1.9 million or 35% in Q3 2024, compared to $2.0 million or 37% in Q3 2023Net 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 2023Adjusted EBITDA1 of $0.2 million in Q3 2024, compared to Adjusted EBITDA of $0.2 million in Q3 2023LAKE 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
LAKE MARY, Fla., Nov. 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 third quarter ended September 30, 2024 on November 12, 2024. In conjunction with the release, VerifyMe has scheduled an investor conference call and webcast that day at 11:00 a.m. Eastern Time. Prepared rem
Quarterly revenue of $5.4 million in Q2 2024, compared to $5.3 million in Q2 2023Gross 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 2023Adjusted EBITDA(1) of $0.2 million in Q2 2024, compared to Adjusted EBITDA loss of ($0.4) million in Q2 2023LAKE 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 lo
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. In conjunction with the release, VerifyMe has scheduled an investor conference call and webcast that day at 11:00 a.m. Eastern Time. Prepared remarks re
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. VerifyMe has been notified by its large global carrier customer that it will end subcontracting VerifyMe's P
Quarterly revenue of $5.8 million in Q1 2024, compared to $5.7 million in Q1, 2023 Gross Profit of $2.3 million or 39% in Q1 2024, compared to $1.5 million or 27% in Q1 2023, an increase of 49%Net loss of ($0.6) million in Q1, 2024, compared to a net loss of ($1.6) million in Q1 2023Adjusted EBITDA(1) of $0.1 million in Q1 2024, compared to Adjusted EBITDA loss of ($0.5) million in Q1 2023LAKE MARY, Fla., May 14, 2024 /PRNewswire/ -- 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 temperatu
LAKE MARY, Fla., May 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 first quarter ended March 31, 2024 on May 14, 2024. In conjunction with the release, VerifyMe has scheduled an investor conference call and webcast that day at 11:00 a.m. Eastern Time. Prepared remarks regar
Cash of $3.1 million as of December 31, 2023 (with cash flow provided by operations of $0.8 million in Q4 2023 and $0.2 million in the year ended December 31, 2023)2023 annual revenue of $25.3 million, compared to $19.6 million in 2022, an increase of 29%; with fourth quarter revenue of $8.7 million in Q4 2023, compared to $9.7 million in Q4 2022 2023 annual gross profit of $9.0 million or 36%, compared to $6.5 million or 33% in 2022; Gross Profit of $3.1 million or 36% in Q4 2023, compared to $2.8 million or 29% in Q4 20222023 annual net loss of $3.4 million, compared to a net loss of $14.4 million in 2022 (which includes the loss on the SPAC of 10.9 million); Net income of less than $0.1 m
LAKE MARY, Fla., March 20, 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 global honey brand Manuka Health has become its first end-to-end integration with Amazon's Transparency service to further integrate VerifyMe's brand protection within the Amazon marketplace.
LAKE MARY, Fla., March 18, 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 fourth quarter ended December 31, 2023 on March 21, 2024. In conjunction with the release, VerifyMe has scheduled an investor conference call and webcast that day at 11:00 a.m. Eastern Time. Prepared rem
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LAKE MARY, Fla., May 31, 2023 /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 and monitoring, authentication, anti-counterfeiting, and data-rich consumer engagement services, announced today that Adam Stedham has been appointed Chief Executive Officer. Mr. Stedham, who joined the Board of VerifyMe in April 2022 ha
LAKE MARY, Fla., March 16, 2023 /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 and monitoring, authentication, and data-rich consumer engagement services, announced today that Patrick White has agreed to leave the Company to pursue other opportunities. Scott Greenberg, Executive Chairman will perform the duties of Chief Executive Officer to provide seamless leadership continuity until the Board appoints the new Chief Executive
ROCHESTER, NY / ACCESSWIRE / April 22, 2021 / VerifyMe, Inc. (NASDAQ:VRME) ("VerifyMe," "we," "our," or the "Company"), a provider of comprehensive brand protection and customer engagement solutions that combine ultra-secure product authentication, track and trace, and customized engagement strategies with industry-leading online retail monitoring capabilities, today announced the appointment of existing Board member Scott Greenberg becoming Chairman of the Board. Founder and Chairman Norman Gardner is retiring from the VerifyMe Board of Directors for health reasons, effective April 21, 2021.Norman is the founder of the Company as well as the inventor of the Company's core anti-counterfeitin
ROCHESTER, N.Y., March 30, 2021 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”), a provider of comprehensive brand protection and customer engagement solutions that combine ultra-secure product authentication, track and trace, and customized engagement strategies with industry-leading online retail monitoring capabilities, today announced that Robert Dlugopolski has joined VerifyMe as a Regional Sales Manager, to focus on expanding VerifyMe’s revenue growth by identifying new opportunities and closing new business in the western United States with heavy focus in California (Silicon Valley) and Seattle, Washington. Mr. Dlugopolski is a versati
ROCHESTER, N.Y., Feb. 25, 2021 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”), a provider of comprehensive brand protection and customer engagement solutions that combine ultra-secure product authentication, track and trace, and customized engagement strategies with industry-leading online retail monitoring capabilities, today announced that David Sandello has joined VerifyMe as Director of Sales and Business Development of North America to focus on expanding VerifyMe’s revenue operations and accelerate growth. Mr. Sandello brings 15 years of experience building, scaling and leading revenue organizations including new sales and growth through
Quarterly revenue of $5.4 million in Q3 2024, compared to $5.6 million in Q3 2023Gross Profit of $1.9 million or 35% in Q3 2024, compared to $2.0 million or 37% in Q3 2023Net 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 2023Adjusted EBITDA1 of $0.2 million in Q3 2024, compared to Adjusted EBITDA of $0.2 million in Q3 2023LAKE 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
LAKE MARY, Fla., Nov. 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 third quarter ended September 30, 2024 on November 12, 2024. In conjunction with the release, VerifyMe has scheduled an investor conference call and webcast that day at 11:00 a.m. Eastern Time. Prepared rem
Quarterly revenue of $5.4 million in Q2 2024, compared to $5.3 million in Q2 2023Gross 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 2023Adjusted EBITDA(1) of $0.2 million in Q2 2024, compared to Adjusted EBITDA loss of ($0.4) million in Q2 2023LAKE 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 lo
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. In conjunction with the release, VerifyMe has scheduled an investor conference call and webcast that day at 11:00 a.m. Eastern Time. Prepared remarks re
Quarterly revenue of $5.8 million in Q1 2024, compared to $5.7 million in Q1, 2023 Gross Profit of $2.3 million or 39% in Q1 2024, compared to $1.5 million or 27% in Q1 2023, an increase of 49%Net loss of ($0.6) million in Q1, 2024, compared to a net loss of ($1.6) million in Q1 2023Adjusted EBITDA(1) of $0.1 million in Q1 2024, compared to Adjusted EBITDA loss of ($0.5) million in Q1 2023LAKE MARY, Fla., May 14, 2024 /PRNewswire/ -- 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 temperatu
LAKE MARY, Fla., May 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 first quarter ended March 31, 2024 on May 14, 2024. In conjunction with the release, VerifyMe has scheduled an investor conference call and webcast that day at 11:00 a.m. Eastern Time. Prepared remarks regar
Cash of $3.1 million as of December 31, 2023 (with cash flow provided by operations of $0.8 million in Q4 2023 and $0.2 million in the year ended December 31, 2023)2023 annual revenue of $25.3 million, compared to $19.6 million in 2022, an increase of 29%; with fourth quarter revenue of $8.7 million in Q4 2023, compared to $9.7 million in Q4 2022 2023 annual gross profit of $9.0 million or 36%, compared to $6.5 million or 33% in 2022; Gross Profit of $3.1 million or 36% in Q4 2023, compared to $2.8 million or 29% in Q4 20222023 annual net loss of $3.4 million, compared to a net loss of $14.4 million in 2022 (which includes the loss on the SPAC of 10.9 million); Net income of less than $0.1 m
LAKE MARY, Fla., March 18, 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 fourth quarter ended December 31, 2023 on March 21, 2024. In conjunction with the release, VerifyMe has scheduled an investor conference call and webcast that day at 11:00 a.m. Eastern Time. Prepared rem
LAKE MARY, Fla., Jan. 11, 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 host an Investor Day on February 6, 2024 from 11 a.m. to 12:30 p.m. (ET) through a conference call and webcast. The event will consist of a series of presentations by the Company's executive management team, including an overview of its strate
Quarterly revenue of $5.3 million in Q2 2023, compared to $4.5 million in Q2 2022 Net loss of $0.9 million in Q2 2023, compared to a net loss of $12.6 million in Q2 2022 (inclusive of write off of $11.2 million related to the SPAC)Adjusted EBITDA(1) of ($0.4) million in Q2 2023, primarily due to acquisition, integration and operating costs of ($0.2) million, compared to ($0.3) million in Q2 2022Cash of $2.7 million as of June 30, 2023LAKE MARY, Fla., Aug. 10, 2023 /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") provid
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Gainers Ostin Technology Group (NASDAQ:OST) shares increased by 10.1% to $0.46 during Monday's pre-market session. The market value of their outstanding shares is at $6.8 million. Airgain (NASDAQ:AIRG) stock increased by 8.93% to $5.61. The market value of their outstanding shares is at $60.4 million. VerifyMe (NASDAQ:VRME) stock increased by 8.72% to $1.62. The market value of their outstanding shares is at $16.4 million. Sobr Safe (NASDAQ:SOBR) shares rose 8.32% to $0.24. The market value of their outstanding shares is at $4.7 million. SEALSQ (NASDAQ:LAES) shares increased by 7.7% to $1.08. The market value of their outstanding shares is at $26.1 million. Syntec Optics Holdings (NASD
Barrington Research analyst Michael Petusky maintains VerifyMe (NASDAQ:VRME) with a Outperform and lowers the price target from $2 to $1.7.
Gainers Ostin Technology Group (NASDAQ:OST) shares moved upwards by 9.6% to $0.46 during Friday's pre-market session. The company's market cap stands at $6.8 million. Sobr Safe (NASDAQ:SOBR) stock increased by 7.73% to $0.24. The market value of their outstanding shares is at $4.7 million. The9 (NASDAQ:NCTY) stock moved upwards by 7.63% to $9.31. The market value of their outstanding shares is at $61.8 million. Syntec Optics Holdings (NASDAQ:OPTX) shares rose 7.53% to $3.21. The market value of their outstanding shares is at $117.7 million. VerifyMe (NASDAQ:VRME) stock moved upwards by 7.38% to $1.6. The market value of their outstanding shares is at $16.2 million. VNET Gr (NASDAQ:VNET
Gainers VerifyMe (NASDAQ:VRME) shares moved upwards by 17.4% to $1.75 during Thursday's after-market session. The market value of their outstanding shares is at $17.8 million. Iveda Solutions (NASDAQ:IVDA) shares rose 8.77% to $0.73. The company's market cap stands at $11.7 million. As per the press release, Q1 earnings came out 3 days ago. Auddia (NASDAQ:AUUD) stock increased by 8.29% to $1.57. The company's market cap stands at $4.3 million. Abits Group (NASDAQ:ABTS) stock rose 5.0% to $0.7. The market value of their outstanding shares is at $24.7 million. Edgio (NASDAQ:EGIO) stock moved upwards by 4.94% to $9.77. The market value of their outstanding shares is at $57.2 million. Comm
Gainers Ascent Solar Technologies (NASDAQ:ASTI) stock moved upwards by 78.7% to $0.23 during Thursday's regular session. The market value of their outstanding shares is at $7.2 million. T Stamp (NASDAQ:IDAI) shares increased by 29.12% to $0.84. The company's market cap stands at $8.8 million. Auddia (NASDAQ:AUUD) stock moved upwards by 19.53% to $1.53. The market value of their outstanding shares is at $4.2 million. Actelis Networks (NASDAQ:ASNS) shares moved upwards by 17.38% to $0.61. The company's market cap stands at $2.0 million. LivePerson (NASDAQ:LPSN) stock increased by 12.63% to $0.72. The market value of their outstanding shares is at $64.0 million. Soluna Holdings (NASDAQ:SL
VerifyMe has been notified by its large global carrier customer that it will end subcontracting VerifyMe's Premium logistics service for one of its customers in June 2024. Discontinuing this contract is not due to any issues relating to the quality of the services provided by VerifyMe's Precision Logistics segment, but due to a strategic realignment of offerings by our global carrier customer. The change has no impact on Precision Logistics' Proactive services and is not expected to have an impact on the remaining Premium services within the Precision Logistics Segment. However, this discontinued contract with one customer represents a meaningful portion of the Premium services revenue. A
Gainers Ascent Solar Technologies (NASDAQ:ASTI) stock rose 21.0% to $0.16 during Thursday's pre-market session. The company's market cap stands at $4.8 million. LiveRamp Holdings (NYSE:RAMP) shares rose 14.4% to $37.0. The company's market cap stands at $2.4 billion. The company's, Q4 earnings came out yesterday. FOXO Technologies (AMEX:FOXO) stock rose 9.89% to $0.32. The company's market cap stands at $3.2 million. T Stamp (NASDAQ:IDAI) shares moved upwards by 9.33% to $0.71. The company's market cap stands at $7.5 million. Zuora (NYSE:ZUO) shares increased by 9.33% to $10.78. The company's market cap stands at $1.5 billion. As per the news, the Q1 earnings report came out yesterday.
Barrington Research analyst Michael Petusky maintains VerifyMe (NASDAQ:VRME) with a Outperform and raises the price target from $1.7 to $2.
VerifyMe (NASDAQ:VRME) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.14) by 64.29 percent. This is a 54.55 percent increase over losses of $(0.11) per share from the same period last year. The company reported quarterly sales of $5.76 million which beat the analyst consensus estimate of $5.50 million by 4.71 percent. This is a 1.73 percent increase over sales of $5.66 million the same period last year.