VerifyMe Inc
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 29, 2024
VRME$8.98+10.3%Stored close · as of Sep 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
| Year Ended | ||
|---|---|---|
| December 31, 2023 | December 31, 2022 | |
| NET REVENUE | $25,313 | $19,576 |
| COST OF REVENUE | 16,310 | 13,088 |
| GROSS PROFIT | 9,003 | 6,488 |
| OPERATING EXPENSES | ||
| General and administrative (a) | 10,586 | 8,428 |
| Research and development | 107 | 89 |
| Sales and marketing (a) | 1,638 | 1,718 |
| Total Operating expenses | 12,331 | 10,235 |
| LOSS BEFORE OTHER INCOME (EXPENSE) | (3,328) | (3,747) |
| OTHER (EXPENSE) INCOME | ||
| Interest expenses, net | (161) | (88) |
| Unrealized gain on equity investment | - | 12 |
| Change in fair value of contingent consideration | 201 | - |
| Loss on equity investment | (100) | (10,932) |
| Other (expense) income, net | (2) | 31 |
| Gain on extinguishment of debt | - | 326 |
| TOTAL OTHER EXPENSE, NET | (62) | (10,651) |
| NET LOSS | $(3,390) | $(14,398) |
| LOSS PER SHARE | ||
| BASIC | (0.35) | (1.70) |
| DILUTED | (0.35) | (1.70) |
| WEIGHTED AVERAGE COMMON SHARE OUTSTANDING | ||
| BASIC | 9,766,469 | 8,466,075 |
| DILUTED | 9,766,469 | 8,466,075 |
| (a) | Includes share-based compensation of $1,675 thousand for the year ended December 31, 2023, and $1,468 thousand for the year ended December 31, 2022. |
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