(Mark one) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the quarterly period ended March 31, 2024 OR For the transition period from to Commission file number 001-39332 VERIFYME, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Org ...

VerifyMe, Inc. (NASDAQ:VRME) Q1 2024 Earnings Conference Call May 14, 2024 11:00 AM ET Company Participants Nancy Meyers - Chief Financial Officer Adam Stedham - President & Chief Executive Officer Conference Call Participants Michael Petusky - Barrington Research Jack Vander Aarde - Maxim Group Operator Good day and welcome to the VerifyMe First Quarter 2024 Financial Results Conference Call. All participants will be in listen only mode. [Operator Instructions]. Please note this event is being recorded. I ...

Lake Mary, FL – May 14, 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 first quarter ended March 31, 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission File Number 001-39332 VERIFYME, INC. (Exact Name of Registrant as Specified in Its Charter) Nevada 23-3023677 (State or Other Jurisdiction of Incorporation or Organization) 801 International Parkway, Fifth Floor Lake Mary, FL 32746 (Address of Principal Executive Offices) (Zip Code ...

VerifyMe, Inc. (NASDAQ:VRME) Q4 2023 Results Conference Call March 21, 2024 11:00 AM ET Company Participants Nancy Meyers - Chief Financial Officer Adam Stedham - President & Chief Executive Officer Conference Call Participants Mike Petusky - Barrington Research Jack Vander Aarde - Maxim Group Jeff Porter - Porter Capital Management Richard Greulich - REG Capital Advisors Operator Good day, and welcome to the VerifyMe Year-End 2023 Financial Results Conference Call. [Operator Instructions] Please note that ...

Key Financial Highlights for Q4 2023: __________ (1) Adjusted EBITDA and Adjusted EPS are non-GAAP financial measures. See "Use of Non-GAAP Financial Measures" below for information about these non-GAAP measures. A reconciliation to the most directly comparable GAAP measure, net loss, and net loss per diluted share, respectively, are included as a schedule to this release. 1 · 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 t ...

Financial Performance - For the three months ended September 30, 2023, total revenue was $5,604 thousand, an increase from $5,215 thousand in the same period of 2022, representing a growth of 7.5%[65] - Proactive services revenue for the nine months ended September 30, 2023, was $12,742 thousand, up from $7,341 thousand in 2022, indicating a significant increase of 73.5%[66] - Consolidated revenue increased by $6,727 thousand to $16,600 thousand for the nine months ended September 30, 2023, compared to $9,873 thousand for the same period in 2022, primarily due to the acquisition of PeriShip Global[191] - Gross profit for the three months ended September 30, 2023, was $2,292,000, up 23.5% from $1,855,000 in the same period of 2022[139] - Gross profit for the nine months ended September 30, 2023, was $5,866 thousand, resulting in a gross margin of 35%, down from 37% in 2022[192] - The company reported a net loss of $930,000 for the three months ended September 30, 2023, compared to a net loss of $557,000 for the same period in 2022[139] - Consolidated net loss for the nine months ended September 30, 2023, was $3,392 thousand, a significant decrease from $14,506 thousand in 2022, with loss per share improving from $1.76 to $0.35[198] Segment Information - VerifyMe operates through two segments: Precision Logistics and Authentication, with Precision Logistics being the primary revenue driver[34] - The company recognizes revenue in its Precision Logistics segment when packages are delivered, with no variable considerations in the transaction fee[53] - In the Authentication segment, revenue is recognized when products are shipped or delivered, with terms typically ranging between 30 and 90 days[54] - The Precision Logistics segment generated revenue of $5,457,000 for the three months ended September 30, 2023, compared to $5,036,000 in the same period of 2022, reflecting an 8.4% increase[139] - The Precision Logistics segment focuses on small and medium-sized agriculture, food, and beverage companies, as well as the pharmaceutical and healthcare industries, which represent significant growth opportunities[155] Acquisitions - The acquisition of Trust Codes Global on March 1, 2023, was valued at approximately $2,113 thousand, including $625 thousand in stock consideration and $1,125 thousand in contingent consideration[72][74] - Trust Codes Global generated $219 thousand in revenue from the acquisition date through September 30, 2023[72] - The company acquired assets and business from Trust Codes Limited on March 1, 2023, establishing intangible assets of $701 thousand and goodwill of $1,383 thousand[124] - The company acquired Trust Codes Global for approximately $1.0 million, including $0.36 million in cash and $0.65 million in stock, with potential earn-out consideration estimated at $1.1 million[168] - The acquisition of PeriShip Global was completed for $10.5 million, consisting of $7.5 million in cash, a $2.0 million promissory note, and $1.0 million in stock consideration, enhancing the Precision Logistics segment[169] Cash and Debt - As of September 30, 2023, cash and cash equivalents totaled $2,944,000, down from $3,348,000 as of December 31, 2022, representing a decrease of approximately 12.1%[37] - The company has a $1 million revolving line of credit with PNC Bank, which was extended to December 14, 2023, and incurs interest at Daily SOFR plus 2.85%[114] - As of September 30, 2023, the company had $0.5 million in short-term debt and $1.0 million in long-term debt outstanding under the Term Note, with a repayment of $375 thousand made during the nine months ended September 30, 2023[116] - The company entered into a Convertible Note Purchase Agreement on August 25, 2023, for $1,100 thousand, accruing interest at 8% per year, maturing on August 25, 2026[119] Expenses - General and administrative expenses rose by $541 thousand to $2,754 thousand in Q3 2023, primarily due to the acquisition of Trust Codes Global, severance expenses of $247 thousand, and additional stock compensation of $115 thousand[185] - Research and development expenses decreased to $5 thousand in Q3 2023 from $39 thousand in Q3 2022, indicating a significant reduction in investment in this area[186] - Research and development expenses decreased to $23 thousand for the nine months ended September 30, 2023, down from $73 thousand in 2022[194] - Interest expense, net increased to $127 thousand for the nine months ended September 30, 2023, compared to $54 thousand in 2022, due to increased borrowings[196] Stock and Compensation - The company has approximately 8,385,000 anti-dilutive shares for the three and nine months ended September 30, 2023, which includes 4,629,000 shares issuable upon exercise of warrants[59] - The company issued 506,194 restricted stock awards during the nine months ended September 30, 2023, with a grant date fair value of $1.45[108] - Total unrecognized share-based compensation cost related to unvested restricted stock awards is $411 thousand, expected to be recognized over a weighted-average period of less than one year[108] - The balance of unvested performance restricted stock units as of September 30, 2023, was 1,438,760 shares, with a total unrecognized share-based compensation cost of $1,373 thousand, to be recognized over a weighted-average period of 1.9 years[112] - The company expensed $177 thousand related to restricted stock awards for the three months ended September 30, 2023, compared to $33 thousand for the same period in 2022, indicating a significant increase of 436.4%[90] Risks and Uncertainties - The company’s operations are subject to significant risks and uncertainties, as detailed in the "Risk Factors" section of the report[34] - The current economic environment presents challenges, with major global carriers reducing costs and staff, which may create outsourcing opportunities for the company's Precision Logistics services[156] Management Changes - Changes in executive management included the appointment of Adam Stedham as CEO and President, effective June 19, 2023, following the resignation of Keith Goldstein and Margaret Gezerlis[171][172][173]

VerifyMe, Inc. (NASDAQ:VRME) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Nancy Meyers - Chief Financial Officer Adam Stedham - President & Chief Executive Officer Conference Call Participants Jack Vander Aarde - Maxim Group Jeff Porter - Porter Capital Operator Good morning, everyone and welcome to the VerifyMe Third Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please also note that this event is being recorded. And at this time, I would like ...

| --- | --- | |-------------------------------------------------------------------------------------|-------------| | | NASDAQ:VRME | | Protect your brand. Grow your business. Third Quarter 2023 Investor Conference Call | | | November 8, 2023 | | | www.VerifyMe.com | | 1 NASDAQ:VRME Agenda | --- | --- | --- | |-------|------------------|---------------------------------| | | | | | 01 | | Welcome & Introductions | | 02 | | Operations and Strategic Update | | 03 | Financial Review | | | 04 | Q&A | | | 05 | Cl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 801 International Parkway, Fifth Floor Lake Mary, FL 32746 (Address of Principal Executive Offices) (Zip Code) (585) 736-9400 For the quarterly period ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-393 ...