VerifyMe ( (VRME) ) just unveiled an announcement.
VerifyMe, Inc. announced plans to close its Trust Codes Global business by the end of November 2024 unless a buyer is found, resulting in a $1.8 million charge in Q3 2024. The company reported a revenue of $5.4 million and a net loss of $2.4 million for Q3 2024, with positive adjusted EBITDA of $0.2 million. CEO Adam Stedham emphasized focusing on Precision Logistics for growth, while discontinuing certain Authentication Segment initiatives, aiming to enhance shareholder value.
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