Verb Technology Stock Price, News & Analysis

Verb Technology Company (NASDAQ: VERB) has launched a new program called Creators on MARKET, allowing content creators and influencers to monetize their content through livestream shopping. Creators can choose products from over 12 million items from well-known brands like Best Buy and Target, offering a commission of 5% to 20% on sales, with no upfront costs or inventory responsibilities. This program aims to enhance the creator economy by providing tools for creators to engage their audiences while earning revenue. The platform, MARKET.live, will also help creators establish personalized storefronts.

VERB Technology Company (NASDAQ: VERB) has launched the ‘Creators On MARKET’ program, enabling creators to monetize their audience through livestream shopping without the need to handle inventory or shipping. Creators can select products from a vast selection offered on the MARKET.live platform, earning commissions of 5% to 20% on sales. An aggressive marketing strategy aims to attract thousands of influencers to enhance user engagement and drive revenue growth. This initiative represents a significant opportunity for both creators and VERB to strengthen its sales ecosystem.

Stemtech Corporation has announced the Go-Live date for its Stemtech Advance Office, powered by VERB Technology Company, Inc., set for September 19, 2022. This innovative software aims to enhance communication and operational efficiency for Independent Business Partners (IBPs). President John W. Meyer expressed optimism about the partnership, which includes advanced analytics and interactive video-based sales applications, as a key growth driver for Stemtech. VERB's SaaS platform supports sales enablement globally, showcasing capabilities in direct sales and customer engagement.

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.