Welcome to our dedicated page for Verifyme news (Ticker: VRME), a resource for investors and traders seeking the latest updates and insights on Verifyme stock.
VerifyMe, Inc. (NASDAQ: VRME) is a traceability and customer support services provider that focuses on specialized logistics for time‑ and temperature‑sensitive products and on authentication and brand protection technologies. News about VerifyMe often centers on developments in its Precision Logistics and Authentication segments, including service updates, relationships with major parcel carriers, and financial performance.
Recent company announcements have highlighted VerifyMe’s role in providing brand owners with time and temperature sensitive logistics, supply chain traceability, authentication, anti‑counterfeiting, and data‑rich brand enhancement services. News releases have described changes in Proactive and Premium service offerings tied to a major parcel carrier, the planned alignment of Proactive services with a new shipping partner, and new agreements that provide access to designated services of another large carrier for specialized logistics management of time‑sensitive and perishable shipments.
Investors following VRME news will also see regular earnings releases and related conference call information. These updates include quarterly revenue, gross profit, net loss, cash balances, and non‑GAAP measures such as EBITDA and Adjusted EBITDA, along with management commentary on operational trends in the Precision Logistics and Authentication segments. SEC‑related news items include Form 8‑K filings that furnish earnings releases, describe material agreements, and report on corporate governance actions such as amendments to bylaws and outcomes of annual stockholder meetings.
Another key news theme is corporate strategy. In early 2026, VerifyMe and Open World Ltd. announced a letter of intent for a strategic merger, with the combined company expected, upon closing, to trade on Nasdaq under a new ticker symbol and to focus on institutional‑grade on‑chain solutions and real‑world asset tokenization. Company communications emphasize that there can be no assurances that a definitive merger agreement will be executed or that the merger will be completed.
By reviewing the VRME news feed, readers can track service changes in the Precision Logistics segment, updates on authentication and brand protection activities, quarterly financial results, Nasdaq listing notices, and progress on the proposed merger with Open World, all based on official press releases and regulatory filings.
VerifyMe, Inc. (NASDAQ: VRME) announces the addition of two former FedEx executives, Dave Edmonds and Curt Kole, to the board of directors of its subsidiary, PeriShip Global LLC. Edmonds, with 41 years of experience in logistics, served as Senior VP at FedEx until 2020. Kole brings over 30 years of expertise in Cold Chain logistics, having played a key role at FedEx Custom Critical. Their appointments are expected to enhance PeriShip's business, especially in the pharmaceutical sector, leveraging their extensive industry knowledge and relationships.
VerifyMe, Inc. (NASDAQ: VRME) has introduced VerifyInk™, a covert ink technology designed for continuous inkjet printers. This development, in partnership with INX International, enhances brand protection and consumer engagement capabilities for product labeling and packaging. The technology aims to penetrate the vast global market that utilizes CIJ technology across various industries, including consumer goods and pharmaceuticals. CEO Patrick White emphasized the potential for significant market expansion and operational cost benefits for brands using existing printing infrastructure.
VerifyMe, Inc (NASDAQ: VRME) has successfully acquired its first customer in the UK, a new cannabis company, as part of its EMEA strategy. This partnership involves the purchase of tamper-evident labels with dynamic QR codes, allowing consumers to authenticate products and engage with the brand for promotions. CEO Patrick White emphasized EMEA as a key growth market, targeting a population of over 2 billion. The company expects further customer conversions in 2022 as the market recovers from COVID-19 challenges.
VerifyMe, Inc. (NASDAQ: VRME) reported Q1 2022 revenue of $161,000, a 14% decrease from $188,000 in Q1 2021, attributed to supply chain issues. Gross profit fell to $123,000 with a margin of 76%. Net loss increased to $1,394,000 or ($0.19) per diluted share. Despite this, CEO Patrick White anticipates triple-digit organic growth in 2022 due to ongoing sales orders and acquisition synergies from acquiring PeriShip, LLC. The company has a solid cash position of $8.4 million and no debt, positioning it well for future growth.
VerifyMe, Inc. (NASDAQ: VRME) has acquired the assets of PeriShip, LLC for $10.5 million. The deal includes $7.5 million in cash, $1.0 million in common stock, and a $2.0 million promissory note. This acquisition aims to diversify VerifyMe's revenue, enhancing gross profitability and expanding its service offerings in the pharmaceutical and food sectors. Combined revenues are projected to exceed $25.0 million in 2023, with a positive adjusted EBITDA expected. The acquisition supports compliance with the 2023 Drug Supply Chain Security Act.
VerifyMe, Inc. (NASDAQ: VRME) announced the closing of a $5.0 million private placement offering. The company sold 1,555,208 shares of common stock and accompanying warrants at an effective purchase price of $3.215 per share. The warrants can be exercised over five years, starting six months post-issuance. Some officers and directors participated in the offering. The shares have not been registered under the Securities Act, limiting their sale to accredited investors. VerifyMe specializes in authentication and supply chain monitoring technologies.
VerifyMe, Inc. (NASDAQ: VRME) announced a $5.0 million private placement securities purchase agreement with accredited investors. This involves selling 1,555,208 shares of common stock at an effective purchase price of $3.215 per share, including accompanying warrants. The warrants are exercisable within five years at the same price. The close is expected on April 14, 2022. Certain officers and directors plan to purchase 93,312 shares and warrants. The issued securities are unregistered under the Securities Act and will be offered solely to accredited investors.
VerifyMe (NASDAQ: VRME) announced significant changes to its Board of Directors on April 12, 2022. Scott Greenberg has been appointed as Executive Chairman, focusing on strategic growth initiatives such as mergers and acquisitions. He has stepped down from his role as independent director and from the audit and compensation committees. Marshall Geller will serve as non-Executive Vice Chairman. Additionally, Adam Stedham has joined the Board as an independent director and will take over as chair of the audit committee, replacing Greenberg.
VerifyMe, Inc. (NASDAQ: VRME) announced the appointment of Adam Stedham as a new Director on its Board. Stedham, previously the President and CEO of GP Strategies Corporation, brings extensive experience in performance improvement solutions and global operations. His leadership at GP Strategies, which was acquired by Learning Technologies Group for $400 million in October 2021, positions him as a valuable asset for VerifyMe. Stedham aims to enhance collaboration among board members and the management team to drive growth for the company and its stakeholders.
VerifyMe, Inc. (NASDAQ: VRME) announced a new agreement with a sports memorabilia company to enhance brand protection and consumer engagement via mobile app solutions. This collaboration will enable consumers to authenticate products from a digital marketplace and facilitate ownership transfer through a trading platform. The offering includes promotional content related to products and loyalty programs. CEO Patrick White expressed optimism about the partnership, emphasizing its importance for brand-consumer connection.