Verifyme Inc Stock Price, News & Analysis

VerifyMe, Inc. (NASDAQ: VRME) has announced the passing of its founder and former Chairman, Norman Gardner, due to complications from COVID-19. Mr. Gardner's contributions began in November 1999 and he served in various leadership roles until his departure as Chairman in April 2021. Current CEO Patrick White expressed deep sorrow over the loss, calling Gardner a brilliant inventor and personal mentor. VerifyMe specializes in technology solutions connecting brands and consumers, focusing on brand protection and supply chain features.

VerifyMe, Inc. (NASDAQ: VRME) announced its participation in the Anti-Counterfeiting Group IP Roadshow on December 2, 2021, at the Hilton London Olympia Hotel. The event aims to educate attendees on identifying counterfeit products and will feature practical updates from various speakers.

Paul Vitali, Vice President of Business Development, will showcase VerifyMe's brand protection strategies that enhance consumer engagement while securing products from counterfeiting and other infringements.

VerifyMe, Inc. (NASDAQ: VRME) reported a 197% revenue increase to $300,000 for Q3 2021, up from $101,000 in Q3 2020. The net income soared to $7.2 million, or $0.95 per diluted share, compared to a net loss of $983,000 in the prior year. A significant contributor was an $8.2 million gain from a SPAC co-sponsorship. Although the adjusted EBITDA loss decreased to $624,000 from $648,000, operating loss rose to $1 million. The company retains a strong balance sheet with $10.6 million in cash. CEO Patrick White emphasized the potential of their new consumer engagement technology.

VerifyMe, Inc. (NASDAQ:VRME) announced its participation in the EMEA Security High Security Printing, Anti-Counterfeiting & Brand Protection Conference on October 27-28, 2021, in Dubai, UAE. The event will gather over 300 industry experts to discuss challenges and solutions related to counterfeit products. Paul Vitali, Vice President of Business Development, will participate in a panel on combating illicit trade. VerifyMe offers technology solutions for brand protection, including serialization, authentication, and track and trace features.

VerifyMe, Inc. (NASDAQ:VRME) will attend the White Label World Expo in Frankfurt, Germany, on October 13-14, 2021. The event allows interaction with top suppliers and showcases VerifyMe's brand protection technologies against counterfeiting. Vice President Paul Vitali will present on October 14th at 11:45 a.m., discussing strategies to engage consumers while protecting brands. VerifyMe specializes in consumer engagement and brand protection through serialization and track-and-trace technology.

VerifyMe (NASDAQ: VRME) has announced an Investor Day scheduled for November 18, 2021, from 11 a.m. to 1 p.m. ET. This event will be hosted via conference call and webcast, featuring presentations from the executive management team on strategic objectives and business development updates, followed by a Q&A session. Pre-registration is required for investors and analysts, who can register through a provided link. The presentation will be uploaded to the Investors section of VerifyMe's website, and the webcast will be archived for 90 days.

VerifyMe (NASDAQ:VRME) will participate in the White Label World Expo at the Javits Center, NYC on September 30 and October 1, 2021. The event aims to connect global leaders and entrepreneurs, featuring over 200 speakers and 10,000 attendees. Robert Dlugopolski, Business Development Manager, is set to present on October 1st at 1:15 p.m. ET, discussing strategies for protecting brands from counterfeits. This presentation will be made available on the company’s investor relations website after the event.

VerifyMe (NASDAQ:VRME) announced an initial order of 4 million technology-enabled labels from a new cannabis client, with potential for 3-5 million labels monthly. These labels will allow consumers to authenticate products via smartphone. The Company’s CEO highlighted the rapid sales cycle, completing the sale in just 60 days. The launch aims to tackle counterfeiting and comply with advertising and product tracking requirements in the cannabis industry. VerifyMe specializes in brand protection, with products that enable serialization, authentication, and product tracking.

G3 VRM Acquisition Corp. (NASDAQ:GGGVU) announced the ability for unit holders to separately trade shares of its Class A common stock and rights, starting August 17, 2021. The Class A Common Stock will be traded under the symbol 'GGGV', while rights will trade under 'GGGVR'. Initially offered through an underwritten offering managed by Maxim Group LLC, these trading options are part of the company’s strategy before its planned business combination, targeting businesses with enterprise values between $250 million and $500 million, particularly in technology and business services.