VerifyMe reports Q4 EPS (5c) vs. 0c last year

Reports Q4 revenue $7.7M vs. $8.7M last year. Adam Stedham, VerifyMe’s (VRME) CEO and President stated, “2024 and the start of 2025 was key. The company increased our gross profit by 8% year over year and more than doubled our annual adjusted EBITDA, compared to 2023. We also made the critical business decision to divest of an unprofitable operation and focus our capital in areas that are more likely to provide shareholder returns. This decision should benefit cashflow from operations in 2025. Thus far, in 2025, we have retired all company debt, besides $0.8 million of convertible notes held by company affiliates and Board members. As of February 28, 2025 the company has $5.7 million of cash, plus the availability of the recently announced ATM. With our improved liquidity, and strengthened financial condition, we are finalizing our strategy to maximize shareholder returns and we look forward with enthusiasm to announcing our strategy.”