Education
About Us
Working with TipRanks
Follow Us
VerifyMe (VRME)
NASDAQ:VRME
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -30.21%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. The company achieved notable improvements in gross margin, debt reduction, and maintained positive cash flow. However, these positives are tempered by declines in revenue, operating losses in certain segments, and a net loss in Q4. The company is focused on optimizing its strategy and aligning costs with revenue despite challenges.Company Guidance
During the VerifyMe Fourth Quarter 2024 Financial Results Conference Call, the company provided various metrics and guidance. In 2024, annual revenue decreased by 4% compared to 2023, although there were improvements in gross profit, gross margin, and adjusted EBITDA. The company completed a $4.7 million warrant inducement capital raise and retired bank debt, reducing convertible debt from $1.1 million to $800,000. In the Precision Logistics segment, proactive customers increased by 6% over 2023, although shipments by existing customers declined by 6%. The company divested the Trust Codes Global business, which had an operating loss of $1.2 million, and gross margin for the full year 2024 was 36%, up from 32% in 2023. Fourth-quarter revenue decreased by $1 million to $7.7 million, and the net loss was $0.5 million, or $0.05 per diluted share. The balance sheet showed $2.8 million in cash as of December 31, 2024. The company does not plan to provide guidance for 2025 but anticipates stability barring market unpredictability.Gross Margin Improvement
The full-year gross margin increased to 36% in 2024 compared to 32% in 2023, indicating improved profitability despite revenue challenges.
Successful Debt Reduction and Capital Raise
The company completed a $4.7 million warrant inducement capital raise and retired bank debt. Convertible debt was reduced from $1.1 million to $800,000, strengthening the balance sheet.
Positive Cash Flow
The Precision Logistics segment remains a positive cash-generating business, contributing to the overall financial health of the company.
Adjusted EBITDA Growth
Adjusted EBITDA improved to $1 million for 2024 from $0.4 million in 2023, marking the sixth consecutive positive quarter.
---
VRME Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
VRME Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $0.96 | $0.78 | -18.75% |
| Nov 12, 2024 | $1.25 | $1.06 | -15.20% |
| Aug 13, 2024 | $1.05 | $1.13 | +7.62% |
| May 14, 2024 | $1.69 | $1.68 | -0.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does VerifyMe (VRME) report earnings?
VerifyMe (VRME) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is VerifyMe (VRME) earnings time?
VerifyMe (VRME) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VRME EPS forecast?
VRME EPS forecast for the fiscal quarter 2025 (Q1) is -0.07.
---