Verb Technology Co Inc Stock Price, News & Analysis

VERB Technology Company (NASDAQ: VERB) has reported six consecutive quarters of revenue growth from its Software-as-a-Service (SaaS) offerings. The company will present its strategies and innovative products at the Benzinga Global Small Cap Conference on December 9, 2020, at 12:30 PM ET. CEO Rory J. Cutaia will highlight recent record-breaking performance and new hypergrowth initiatives aimed at expanding market reach. VERB's SaaS platform, which utilizes interactive video technology, operates in over 60 countries, enhancing engagement for businesses of all sizes.

VERB Technology Company, Inc. (NASDAQ: VERB) recently won Salesforce’s November AppExchange Demo Jam competition, showcasing its livestream ecommerce and webinar solution, verbLIVE. McKinley Oswald, President of Global Sales, demonstrated verbLIVE in a medical device sales context to a virtual audience, highlighting its interactive features. Since fully integrating verbLIVE with Salesforce in July, the company has seen significant traction among users, especially given that 75% of its medical sales clients are Salesforce users, indicating strong market potential.

VERB Technology Company announced it will present at the MoneyShow Accredited Investors Virtual Expo from December 1-3, 2020. Rory J. Cutaia, CEO, will discuss VERB's innovative sales enablement SaaS products and its impressive sixth consecutive quarter of SaaS revenue growth. This virtual presentation is scheduled for December 1, 2020, at 12:25 PM ET. VERB’s SaaS platform, available in over 60 countries, offers interactive video-based applications for enterprises and entrepreneurs. Investors can register for the expo at the provided link to access the live stream.

VERB Technology Company announced that Shaklee Corporation has adopted its verbCRM and verbLEARN platforms for improved direct selling and distributor training. The launch took place during Shaklee's first virtual conference in September 2020, serving its 1.2 million global distributors. The integration with Salesforce aims to streamline marketing tools and enhance customer relationship management. CEO Rory J. Cutaia expressed confidence that these tools will bolster Shaklee's market position. However, challenges remain, including uncertainties related to market competition and ongoing risks from the COVID-19 pandemic.

VERB Technology Company reported third-quarter results highlighting a 16% sequential increase and 55% year-over-year growth in SaaS recurring revenue, reaching approximately $1.5 million. Total digital revenue also grew, up 9% sequentially and 28% year-over-year, amounting to $1.84 million. The company completed the acquisition of SoloFire, gaining entry to the medical and life sciences sales sector. User downloads rose to 1.65 million, and verbLIVE is now integrated with Salesforce, enhancing distribution. Financials reflect increased expenses, particularly in R&D and G&A.

VERB Technology Company (NASDAQ: VERB) will present at two upcoming investor conferences: the Virtual Fall Investor Summit on November 17, 2020, at 11:30 AM ET, and the Sidoti Virtual Microcap Conference on November 19, 2020, at 3:15 PM ET. CEO Rory J. Cutaia will provide insights on the company's operations, including its third-quarter results and product updates. VERB specializes in interactive video-based sales enablement applications, designed for both large enterprises and small business sales teams worldwide.

VERB Technology Company will host a conference call on November 16, 2020, at 5:30 PM Eastern to discuss its third-quarter financial results for the period ending September 30, 2020. The call, led by CEO Rory J. Cutaia and CFO Jeff Clayborne, will include a Q&A session. Investors can access the call via U.S. dial-in at 1-877-407-4018 and internationally at 1-201-689-8471. A replay will be available post-call until November 30, 2020.

VERB Technology Company (NASDAQ: VERB) reported record preliminary unaudited operating results for Q3 2020, highlighting a 6th consecutive quarter of growth in Software as a Service (SaaS) revenue. SaaS recurring subscription revenue reached approximately $1.46 million, up from $1.27 million in Q2 2020. Total digital revenue was approximately $1.8 million, a significant increase from $1.68 million. The company also noted a rise in user downloads, now totaling about 1.57 million. The full financial report will be available on November 16, 2020.

VERB Technology Company (NASDAQ: VERB) has announced continued traction for its Software-as-a-Service (SaaS) sales enablement platform among corporate clients amid a rise in remote work. The platform integrates advanced features for video-based sales and marketing, including verbCRM, verbLIVE, and verbLEARN. These tools are designed to enhance engagement by facilitating real-time interactions and clickable video content. Notably, VERB has been attracting experienced executives from leading tech firms to bolster its growth strategy.