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VerifyMe (VRME)
NASDAQ:VRME
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Earnings Data
Report Date
Mar 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.04Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 14, 2019
|% Change Since: 188.00%
|Next Earnings Date:Apr 02, 2019
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture with growth in the Precision Logistics segment and improved adjusted EBITDA, but significant challenges in the Authentication segment leading to revenue decline and asset impairment charges. The decision to exit the underperforming segment and redirect resources is aimed at future growth, though current results are impacted negatively.Company Guidance
During the VerifyMe Q3 2024 earnings call, several key metrics were highlighted. The company reported a third-quarter revenue of $5.4 million, a slight decrease from $5.6 million in Q3 2023. The gross profit was $1.9 million, down from $2 million the previous year, resulting in a gross margin of 35%, compared to 37% in Q3 2023. A significant $2.3 million goodwill and intangible asset impairment was recorded, leading to operating expenses of $4.8 million, up from $2.9 million in Q3 2023. The net loss for the quarter was $2.4 million, or $0.23 per diluted share. Despite these challenges, the adjusted EBITDA remained steady year-over-year at $0.2 million, with an improvement to $0.4 million year-to-date in 2024. The company's cash position was $2.6 million as of September 30, 2024. Management expressed disappointment over the lack of revenue growth, particularly in the Authentication segment, and discussed strategic shifts such as exiting certain portions of this segment to focus on more profitable areas.Precision Logistics Revenue Growth
The Precision Logistics segment saw a 6% increase in the number of proactive services customers year-to-date over 2023. There has been a $0.4 million increase in proactive services revenue, partially offsetting the $0.5 million decline due to discontinued contracts.
Improved Adjusted EBITDA
Adjusted EBITDA improved $1.1 million to $0.4 million year-to-date in 2024 versus a loss of $0.7 million in 2023, remaining flat year-over-year at $0.2 million for Q3 2024.
Reduction in Operating Expenses
Excluding non-cash items, total operating expenses improved by $0.4 million, with general and administrative expenses showing a similar improvement due to non-recurring severance costs from 2023.
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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
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VRME Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Mar 21, 2024 | $1.32 | $1.32 | 0.00% |
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.
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FAQ
When does VerifyMe (VRME) report earnings?
VerifyMe (VRME) is schdueled to report earning on Mar 17, 2025, TBA Not Confirmed.
What is VerifyMe (VRME) earnings time?
VerifyMe (VRME) earnings time is at Mar 17, 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 2024 (Q4) is -0.04.
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