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Verb(VERB) - 2025 Q1 - Earnings Call Transcript
VERBVerb(VERB)2025-05-13 18:00
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Financial Data and Key Metrics Changes - In Q1 2025, the company reported revenue of 1,300,000,representingan801,300,000, representing an 80% increase over the previous quarter and approximately 46% growth compared to the total revenue of 895,000 for all of 2024 [7][8] - The company maintains a strong financial position with zero debt and a robust cash balance, having added 5,000,000backontothebalancesheetthroughanon−dilutivefundingopportunity[9][10]BusinessLineDataandKeyMetricsChanges−Thecompanyhassignedmanyhigh−profileclientsforitsMarket.Liveplatform,althoughspecificnamescannotbedisclosedduetocontractualagreements[11]−Thenewtechnologyallowsstreamingdirectlyfromclients′websitesandmulticastingacrosssocialmedia,enhancingclientrelationshipsanddrivinggrowthinshoppableads[12][13]MarketDataandKeyMetricsChanges−Thetelehealthplatforms,VanityPrescribeandGoodGoRx,areexperiencingmonth−over−monthgrowth,contributingtorecurringsubscription−basedrevenue[13]−ThecrowdfundingTVshow,GoFundYourself,isgainingpopularity,leadingtoincreaseddemandfromissuersandamoreselectiveprocessforparticipation[13]CompanyStrategyandDevelopmentDirection−ThecompanyisfocusedonintegratingAItechnologyintoitsplatformandhassuccessfullynegotiatedanacquisitiondealvaluedat5,000,000 back onto the balance sheet through a non-dilutive funding opportunity [9][10] Business Line Data and Key Metrics Changes - The company has signed many high-profile clients for its Market.Live platform, although specific names cannot be disclosed due to contractual agreements [11] - The new technology allows streaming directly from clients' websites and multicasting across social media, enhancing client relationships and driving growth in shoppable ads [12][13] Market Data and Key Metrics Changes - The telehealth platforms, Vanity Prescribe and GoodGoRx, are experiencing month-over-month growth, contributing to recurring subscription-based revenue [13] - The crowdfunding TV show, GoFund Yourself, is gaining popularity, leading to increased demand from issuers and a more selective process for participation [13] Company Strategy and Development Direction - The company is focused on integrating AI technology into its platform and has successfully negotiated an acquisition deal valued at 8,500,000 [8] - The management team expresses confidence in the company's trajectory, emphasizing a clean capital structure and the ability to fund operations into 2028 and beyond [10] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about Q2 results, expecting them to surpass Q1 performance [15] - The CEO highlighted the company's resilience and the strong performance of each business division, indicating a positive outlook for future growth [5][6] Other Important Information - The company has a strong cash position and is not in a desperate search for capital, which is a significant advantage in the current market environment [10] - The management team has expressed gratitude for the support of the board and the commitment of the team during challenging times [5][6] Q&A Session Summary - No specific questions or answers were documented in the provided content, as the call concluded without a Q&A segment [16]