Verb Technology Stock Price, News & Analysis

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.

VERB Technology Company has appointed Kym Nelson as the new Chief Content Officer for a new division, enhancing its focus on interactive video-based sales. Nelson is a seasoned digital advertising executive with a successful history at Twitch and other major firms, where she significantly boosted sales. Her experience is expected to play a key role in driving VERB's growth initiatives, as highlighted by CEO Rory Cutaia. The company aims to leverage Nelson's expertise to provide greater value to stakeholders amidst a competitive landscape.

VERB Technology Company has announced that Market America will adopt its verbCRM platform to enhance customer engagement for its global network of distributors. This initiative, launched during the Market America|SHOP.COM International Convention in September 2020, aims to empower distributors by enabling them to share product information and interactive video content. With plans to expand into Southeast Asia, Market America expects verbCRM to boost sales and strengthen customer relationships among its UnFranchise Owners.

VERB Technology Company has appointed Mitch Bledsoe as Chief Information Officer and Julie Holdren as Chief Product Officer, enhancing its senior management team with over 45 years of combined experience. Bledsoe brings nearly 20 years of IT leadership expertise from various industries, while Holdren has 25 years in operations and product management. CEO Rory J. Cutaia expressed optimism about their contributions to the company’s hyper-growth initiatives and IT infrastructure scaling. This strategic addition aims to drive product solutions and improve overall performance for shareholders.

VERB Technology Company (NASDAQ: VERB) announced inducement grants of stock options and restricted stock awards to new employees, totaling 100,000 shares for Steve Deverall, and 100,000 stock options plus 247,703 restricted shares for Dustin Kenyon. Additional options were granted to Ben Mosbarger, Jason Etherington, and Nate Babbel. The options have an exercise price of $1.36 per share, vesting annually over four years, while the restricted stock award vests on January 1, 2021. The grants comply with Nasdaq Listing Rule 5635(c)(4).

VERB Technology Company, Inc. (NASDAQ: VERB) has acquired SoloFire, a sales enablement platform for the healthcare industry, enhancing its suite of interactive video-based sales tools. SoloFire's SaaS applications aim to empower medical sales teams by providing accessible and compliant content, aiding in sales conversions.

This acquisition is expected to open a lucrative market for VERB, combining their technologies to improve sales productivity and customer engagement amidst ongoing COVID-related challenges.

VERB Technology Company (NASDAQ: VERB) reported a strong performance in Q2 2020, showcasing five consecutive quarters of SaaS recurring revenue growth. SaaS revenue reached approximately $1.3 million, a 21% increase over Q1 and a 49% increase year-over-year. Total digital revenue was around $1.7 million, up 16% from Q1. The company executed 20 new client contracts, contributing to a base guaranteed contract value growth of 65%. Additionally, a public offering raised $13.8 million, enhancing the company's capital position.

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.