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VerifyMe Inc - VRME STOCK NEWS

Welcome to our dedicated news page for VerifyMe (Ticker: VRME), a resource for investors and traders seeking the latest updates and insights on VerifyMe.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VerifyMe's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VerifyMe's position in the market.

News
VerifyMe Reports Full Year and Fourth Quarter 2023 Financial Results
Rhea-AI Summary
VerifyMe, Inc. (NASDAQ: VRME) reported strong financial results for Q4 2023, with cash of $3.1 million, annual revenue of $25.3 million, a 29% increase from 2022, and a gross profit of $9.0 million. The company also reduced its net loss to $3.4 million from $14.4 million in 2022. Adjusted EBITDA for Q4 2023 was $1.1 million, showing positive growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
earnings
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News
Manuka Health Limited leverages VerifyMe QR codes to participate in Amazon Transparency
Rhea-AI Summary
VerifyMe, Inc. (NASDAQ: VRME) partners with Manuka Health to integrate its brand protection services with Amazon's Transparency program to combat counterfeit Mānuka honey products. The collaboration aims to enhance consumer trust by providing authentication services seamlessly integrated with Amazon's marketplace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.33%
Tags
conferences
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News
VerifyMe to Report Fourth Quarter 2023 Financial Results on March 21, 2024
Rhea-AI Summary
VerifyMe, Inc. (VRME) will release its Q4 2023 financial results on March 21, 2024. The company offers logistics, supply chain traceability, authentication, and anti-counterfeiting services. An investor conference call and webcast are scheduled for the release day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.04%
Tags
conferences earnings
News
VerifyMe to Host Investor Day on February 6, 2024
Rhea-AI Summary
VerifyMe, Inc. (NASDAQ: VRME) to Host Investor Day on February 6, 2024, Providing Brand Owners with Time and Temperature Sensitive Logistics, Supply Chain Traceability, Authentication, Anti-Counterfeiting, and Data-Rich Brand Enhancement Services
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences
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News
VerifyMe announces Share Repurchase Plan and Changes to Board Compensation Program
Rhea-AI Summary
VerifyMe, Inc. (NASDAQ: VRME) announced a share repurchase plan and changes to the Board compensation program. The Board approved a plan to repurchase shares of the Company's common stock for up to $500,000. The repurchases will be funded from cash generated from operations and will be made at management's discretion while maintaining sufficient liquidity to invest in strategic growth initiatives. The share buyback authorization does not oblige the Company to acquire any specific number of shares in any period or at all, and may be modified, suspended or discontinued at the discretion of the Board at any time. The repurchase program authorization will expire on December 31, 2024. The Board has also agreed to reduce both their annual equity retainer and compensation for those serving as Board committee chairs or Lead Independent Director by 50%, beginning after the 2024 shareholder meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.37%
Tags
buyback
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News
VerifyMe Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
VRME - VerifyMe Reports 7% Revenue Increase to $5.6M in Q3 2023, Gross Profit Up to 41%
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.03%
Tags
earnings
News
VerifyMe to Report Third Quarter 2023 Financial Results on November 8, 2023
Rhea-AI Summary
VerifyMe, Inc. (NASDAQ: VRME) will release its financial results for Q3 2023 on November 8, 2023. The company provides brand owners with logistics, traceability, authentication, anti-counterfeiting, and brand enhancement services. An investor conference call and webcast will be held at 11:00 a.m. ET on the same day. The call can be accessed via webcast or phone, and participants can pre-register for the event. The webcast and presentation slides will be available on VerifyMe's website for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
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News
Amcor Demonstrating Connected Packaging at Pack Expo 2023 with VerifyMe, Inc
Rhea-AI Summary
VerifyMe, Inc. will be demonstrating their connected packaging solution with Amcor at Pack Expo in Las Vegas. The solution provides brand owners with logistics, traceability, authentication, anti-counterfeiting, and brand enhancement services. The company is working with Amcor to show that digital transformation is possible without significant process change. Visitors can view a live demonstration of the solution at the expo.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.12%
Tags
none
-
News
Leadership Team Leads $1.1 Million Convertible Note Capital Raise
Rhea-AI Summary
VerifyMe, Inc. announces the closing of a private placement of 8% unsecured convertible subordinated promissory notes, raising $1.1 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.41%
Tags
management
News
Mildura Fruit Company delivers Traceability with VerifyMe, Inc
Rhea-AI Summary
VerifyMe, Inc. announces that Mildura Fruit Company (MFC), a subsidiary of Bright Foods Asia Pacific, will fully implement a traceability solution in collaboration with Citrus Australia and Trust Codes Global. The solution will leverage GS1 Digital Link standards and provide traceability through the supply chain. The new US FDA Food Traceability Rule sets a high standard for the project. MFC's Finance Manager highlights the importance of traceability for food safety and customer confidence. VerifyMe's CEO expresses delight in the deployment and emphasizes the integration of Trust Codes' technology into their Authentication Segment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
none
Stock VRME logo
VerifyMe Inc

Nasdaq:VRME

VRME Rankings

#5212 Ranked by Market Cap
#2197 Ranked by Stock Gains
N/A Ranked by Dividends

VRME Stock Data

16.10M
7.74M
19.29%
8.65%
0.48%
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
Real Estate and Rental and Leasing
Link
US
Rochester

About VRME

verifyme ™ is a pioneer in combining patented physical, cyber and biometric security solutions to prevent identity theft, counterfeiting and fraud.