Verb Technology Company ( (VERB) ) has released its Q4 earnings. Here is a breakdown of the information Verb Technology Company presented to its investors.
Verb Technology Company, Inc., a pioneer in interactive video-based social commerce, operates in the social commerce, telehealth, and crowdfunding sectors with innovative platforms like MARKET.live and GO FUND YOURSELF. The company reported a significant financial turnaround in 2024, showcasing a 1,321% increase in total revenue year-over-year, reaching $895,000, and a 2,393% increase in Q4 revenue compared to the previous year. This growth is attributed to their MARKET.live and GO FUND YOURSELF business units. Verb Technology also improved its financial health by reducing its net loss from continuing operations by 29% and retiring all remaining debt in early 2025. With a strong cash position of $13.5 million, the company is well-positioned to fund operations into 2028 and beyond. Looking ahead, Verb Technology anticipates continued growth in Q1 2025, driven by strategic operational and marketing changes.