Verb Technology Co Inc Stock Price, News & Analysis

VERB Technology Company reported strong financial results for Q2 2020, showing SaaS recurring revenue of $1.3M—up 21% from Q1 and 49% year-over-year. Total revenue reached approximately $2.7M, though down 29% year-over-year due to the exit from legacy print services. The company executed 20 new client contracts, with a base contract value of $983,000, marking significant growth. The successful launch of verbLIVE and its integration with Salesforce are expected to drive further user engagement. The company closed a $13.8M public offering, enhancing its capital position.

VERB Technology Company (NASDAQ: VERB) has announced the addition of its interactive livestream ecommerce application, verbLIVE, to the Salesforce Partner Program AppExchange marketplace. This move follows successful integration and security reviews, enabling Salesforce users to utilize verbLIVE for enhanced product promotion through livestreams and webinars starting August 17, 2020. The service will be available for a subscription fee of $24.95 per user, per month. CEO Rory J. Cutaia emphasized the listing as a significant step in expanding the company's customer and revenue base.

VERB Technology Company (NASDAQ: VERB) has scheduled a conference call for August 14, 2020, at 4:30 PM ET to discuss its second-quarter financial results for the period ending June 30, 2020. CEO Rory J. Cutaia and CFO Jeff Clayborne will lead the call, which includes a Q&A session. Interested parties can join by calling the U.S. number 877-407-4018 or the international number 201-689-8471. A replay of the call will be available until August 28, 2020. VERB offers a suite of sales enablement software solutions available in over 60 countries.

VERB Technology Company (NASDAQ: VERB) has successfully closed a public offering of common stock, raising approximately $13.8 million. This amount includes the full exercise of the underwriter's over-allotment option, resulting in the issuance of 12,545,453 shares at a price of $1.10 per share. Ladenburg Thalmann & Co. Inc. acted as the sole book-running manager. The offering was registered under Form S-1, declared effective on July 21, 2020. Proceeds are expected to support the company's interactive video-based sales enablement applications and further business development.

VERB Technology Company (NASDAQ: VERB) has announced a public offering of common stock aiming for gross proceeds of approximately $12 million. The offering includes 10,909,090 shares priced at $1.10 each. Closing is expected on or around July 23, 2020, pending customary closing conditions. Ladenburg Thalmann & Co. Inc. serves as the sole book-running manager. The offering is governed by a Form S-1 registration statement which was effective on July 21, 2020.

VERB Technology Company (NASDAQ: VERB) announced preliminary operating results for Q2 2020, showing significant growth in revenue. The company reported SaaS recurring subscription revenue of approximately $1,264,000, an increase from $1,057,000 in Q1 2020. Total digital revenue reached approximately $1,668,000, up from $1,457,000, contributing to a combined revenue of about $2,609,000, compared to $2,354,000 in the previous quarter. The number of user downloads also rose to 1,459,000, highlighting robust demand for its interactive video-based sales enablement applications.

VERB Technology Company (NASDAQ: VERB) has announced the successful integration of its verbLIVE live stream ecommerce application with Salesforce. This integration responds to demand from enterprise clients who want to enhance lead generation capabilities using verbLIVE in conjunction with their Salesforce databases. The pilot program for two enterprise clients begins this week, with plans to expand to more Salesforce users soon. CEO Rory J. Cutaia emphasized that this milestone showcases verbLIVE's potential in driving sales conversions, aided by interactive video technology.

VERB Technology Company (NASDAQ: VERB) announced its inclusion in the Russell Microcap Index as part of the 2020 annual reconstitution. This recognition is expected to enhance the company's visibility in the investment community and potentially broaden its shareholder base. Membership in the Russell Microcap Index leads to automatic inclusion in style indexes, impacting approximately $9 trillion in assets. CEO Rory J. Cutaia expressed optimism about the future, suggesting that this could attract more investments and support their growth initiatives.

VERB Technology Company (NASDAQ: VERB) will hold a conference call on May 18, 2020, at 5:00 PM ET to discuss its financial results for the fourth quarter and full year of 2019, along with Q1 2020 results. The company plans to file its Forms 10-K and 10-Q on May 14 and May 15, 2020, respectively. CEO Rory J. Cutaia and CFO Jeff Clayborne will lead the call, which includes a Q&A session. Interested parties can access the call via U.S. dial-in number 877-407-4018 or international number 201-689-8471.