Verb Technology Co Inc Stock Price, News & Analysis

Verb Technology Company collaborates with Coresight Research for the annual 10.10 Shopping Festival, scheduled for October 10, 2022. This event aims to enhance the US consumer adoption of livestream shopping, a market projected to reach $423 billion. The festival will feature over 30 retailers, promoting special deals while supporting more than 10 charities. Participants, including brands and retailers, will donate a portion of their sales to these charities, emphasizing the social impact of shopping choices.

Verb Technology Company reported its Q2 2022 financial results with significant growth metrics. SaaS recurring revenue increased by 23% year-over-year, now constituting 91% of total digital revenue. Gross margin also improved by 23%, contributing to a 19% rise in total digital revenue. The company effectively reduced its R&D operational expenses by 57% compared to Q2 2021. Additionally, Modified EBITDA showed a positive improvement of $2.2 million from the previous year.

Verb Technology Company (Nasdaq: VERB) reported financial results for Q2 2022, highlighting a 23% increase in SaaS recurring revenue and gross profit margin compared to Q2 2021. Total digital revenue rose by 19% to $2.2 million, with SaaS subscription revenue accounting for 82% of total revenue. R&D expenses decreased by 57%, and the company added 19 new client contracts valued at $1.9 million. However, the net loss amounted to $6.37 million, raising concerns about profitability.

Verb Technology Company (NASDAQ: VERB) announced it will host a conference call on August 15, 2022, to discuss its financial results for Q2 ended on June 30, 2022. The call will begin at 5:30 p.m. ET and provide updates on its MARKET.live shopping platform. CEO Rory J. Cutaia and CFO Salman Khan will lead the discussion, followed by a Q&A session. Investors can access the call via phone or webcast. A replay will be available until August 29, 2022.

Verb Technology Company hosted a successful Shopfest livestream shopping event from July 26-28, 2022, as a part of the launch of its new platform, MARKET.live. This event featured over 50 streams, showcasing products from luxury brands like Gucci and Prada, including a $100,000 crocodile Birkin bag. CEO Rory J. Cutaia stated that Shopfest is set to be the largest livestream event in the U.S. The platform combines social shopping with entertainment, enabling shoppers to interact with brands and influencers through shoppable livestream videos.

Verb Technology Company (Nasdaq: VERB) is hosting Shopfest, a three-day livestream shopping event from July 26-28, 2022, to launch its new platform MARKET. The event features over 50 brands, including celebrity appearances, and streams across major social media platforms. Notably, the artist Nelly joins as a participant. Attendees can RSVP for updates and giveaways, highlighting the excitement surrounding the interactive shopping experience. VERB aims to leverage this innovative platform to enhance customer engagement through livestream commerce.

Verb Technology Company (Nasdaq: VERB) is set to host Shopfest, a 3-day livestream shopping event on July 26-28, showcasing its new MARKET platform. This platform offers endless livestream shopping experiences, allowing consumers to browse various brands, including Mark Cuban's Three Commas. The event aims to engage hundreds of vendors and influencers across multiple social media channels. Shoppers can RSVP at shopfest.market.live for event updates and prizes. This initiative marks a significant step in bridging ecommerce and interactive video.

Verb Technology Company (Nasdaq: VERB) will host Shopfest, a three-day livestream shopping event on July 26-28, 2022, to launch its new MARKET platform. The event will feature over 50 top brands in various categories including fashion, beauty, and wellness, streaming across multiple social media channels. Attendees can RSVP for exclusive updates and a chance to win giveaways. Industry experts predict the U.S. livestream market could grow from $20 billion in 2022 to $68 billion by 2026, indicating significant opportunities for VERB's interactive shopping model.

Verb Technology Company has announced a partnership with LOVLEI, a new premium fashion brand. Utilizing Verb’s content management platform, LOVLEI aims to enhance sales and customer engagement through interactive video and marketing tools. The brand, launched in July 2022, plans to empower women and influencers by offering retail commissions of up to 40%. Verb's platform offers real-time analytics and efficient content management, aiming to facilitate a collaborative community. This partnership is expected to drive sales and boost conversion rates for both companies.