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 (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.
VerifyMe (NASDAQ: VRME) reported Q2 2021 revenues of $124,000, a 65% increase from Q2 2020's $75,000, driven by its security printing and authentication technology. The company recorded a net loss of $1.36 million, reduced from $2.65 million YOY, with a diluted loss per share of $0.18. Operating loss rose to $1.43 million due to expanded sales and marketing efforts. Adjusted EBITDA loss was $884,000. VerifyMe ended the quarter with $11.4 million in cash and has extended its share repurchase program.
VerifyMe (NASDAQ:VRME) has co-sponsored the initial public offering (IPO) of G3 VRM Acquisition Corp. which started trading on NASDAQ under the symbol GGGVU. The IPO closed with 10,626,000 units sold at $10.00 per unit. VerifyMe indirectly owns approximately 9.95% of G3's outstanding shares. G3 VRM Acquisition targets technology and business services firms valued between $250 million and $500 million, indicating a strategic move into acquiring such companies to foster growth.
VerifyMe (NASDAQ:VRME) will join the Russell Microcap® Index on June 28, 2021. This significant move follows the annual reconstitution of Russell's indexes, enhancing the company's visibility among institutional investors who manage approximately $9 trillion. CEO Patrick White highlighted the inclusion as a validation of VerifyMe's progress in security authentication technology solutions and its strong growth pipeline with major global brands. Membership will last for one year and positions VerifyMe for greater recognition in the investment community.
On May 13, 2021, VerifyMe (NASDAQ:VRME) announced its Q1 2021 financial results, reporting revenues of $188,000, marking a 104% increase from Q1 2020. Gross profit reached $145,000 with a 77% margin. Despite revenue growth, the company faced an operating loss of $1.215 million, up 82% year-over-year. Cash position is strong at $15.4 million. Notable developments include a partnership with Renavotio for anti-counterfeiting solutions in Personal Protective Equipment and a strategic shift towards blockchain technology for supply chain management.
VerifyMe, Inc. (NASDAQ:VRME) announced the retirement of founder and Chairman Norman Gardner due to health issues, effective April 21, 2021. Scott Greenberg, an existing board member, has been appointed as the new Chairman. Gardner, who will become Chairman Emeritus and consult for two years, was instrumental in developing the company's anti-counterfeiting technology. The management change aims to strengthen leadership as VerifyMe continues to provide brand protection and customer engagement solutions.
VerifyMe, Inc. (NASDAQ: VRME) announced that G3 VRM Acquisition Corp., co-sponsored by the company, filed a Registration Statement on Form S-1 for a proposed initial public offering (IPO) with a base offering of $100 million, potentially rising to $115 million with over-allotment. The acquisition targets sectors within technology and business services. VerifyMe will contribute approximately $2.5 million to G3 VRM Holdings for private placement warrants, maintaining a potential 43% indirect interest post-offering.
VerifyMe, Inc. (NASDAQ: VRME) has appointed Robert Dlugopolski as Regional Sales Manager, effective March 30, 2021. Dlugopolski, with over 12 years in brand protection and anti-counterfeit solutions, aims to enhance revenue growth in California and Seattle. His previous role at De La Rue Authentication Solutions yielded significant revenue and brand protection achievements. CEO Patrick White emphasized the need for Dlugopolski's expertise to increase market penetration in the expanding brand protection technology sector, reflecting a strategic response to growing counterfeit concerns across industries.
VerifyMe (NASDAQ:VRME) reported a 40% revenue increase for 2020, reaching $343,000, with a gross profit of $281,000. Despite operational losses rising to $3.57 million and a net loss of $5.90 million, the company has a strong cash position of $7.94 million. Key partnerships were established in 2020, expanding market opportunities. Management is optimistic about future revenue acceleration, particularly in sectors like apparel, pharmaceuticals, and e-commerce. A focus on integrating blockchain technology for enhanced tracking is also in place.