Business
VerifyMe Reports First Quarter 2025 Financial Results
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 first quarter ended March 31, 2025 ("Q1 2025").
About this update from Verifyme, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":" Quarterly revenue of $4.5 million, compared to $5.8 million in Q1 2024(1) ","length":73,"tagName":"p"}]},{"val":[{"type":"text","content":" Quarterly gross profit of $1.5 million or 33%, compared to $2.3 million or 39% in Q1 2024","length":89,"tagName":"p"}]},{"val":[{"type":"text","content":" Net loss of ($0.6) million in Q1 2025 and Q1 2024(1) ","length":52,"tagName":"p"}]},{"val":[{"type":"text","content":" Adjusted EBITDA(2) of $0 million, compared to $0.1 million in Q1 2024(1) ","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":" Cash of $5.7 million as of March 31, 2025","length":41,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":327,"olType":false},{"type":"text","content":"LAKE MARY, Fla., May 13, 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 first quarter ended March 31, 2025 ("Q1 2025").","length":389,"tagName":"p"},{"type":"image","alt":"VerifyMe Logo (PRNewsfoto/VerifyMe, Inc.)","displaySize":"","headline":null,"caption":"VerifyMe Logo (PRNewsfoto/VerifyMe, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":118,"url":"https://media.zenfs.com/en/prnewswire.com/2bd87a12186ecfb1c677e05510a3b03f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/hzOoaVCxdZYTysgUnO0s5A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIwODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/2bd87a12186ecfb1c677e05510a3b03f","width":400,"height":118}},"href":"https://mma.prnewswire.com/media/1683696/VerifyMe_Logo_v2.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Adam Stedham, VerifyMe's CEO and President stated, "We continue to progress with technical improvements in our Precision Logistics Segment as well as enhancing our sales and marketing efforts. While we are not immune to the current macro-environment, the annual cash flow from the operating business, coupled with our elevated cash level on the balance sheet, provides a strong backdrop to create shareholder value."","length":440,"tagName":"p"},{"type":"text","content":"Key Financial Hi...