VerifyMe Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 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 (Unaudited)
Consolidated Statements of Operations
| Three months ended | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| NET REVENUE | $5,759 | $5,661 |
| COST OF REVENUE(a) | 3,499 | 4,140 |
| GROSS PROFIT | 2,260 | 1,521 |
| OPERATING EXPENSES | ||
| Segment management and Technology(a) | 1,343 | 1,105 |
| General and administrative (a) | 1,121 | 1,413 |
| Research and development | 55 | 8 |
| Sales and marketing (a) | 388 | 499 |
| Total Operating expenses | 2,907 | 3,025 |
| LOSS BEFORE OTHER INCOME (EXPENSE) | (647) | (1,504) |
| OTHER (EXPENSE) INCOME | ||
| Interest expenses, net | (38) | (42) |
| Unrealized loss on equity investment | - | (32) |
| Change in fair value of contingent consideration | 132 | - |
| Other expense, net | - | (2) |
| TOTAL OTHER INCOME (EXPENSE), NET | 94 | (76) |
| NET LOSS | $(553) | $(1,580) |
| LOSS PER SHARE: | ||
| BASIC | $(0.05) | $(0.17) |
| DILUTED | $(0.05) | $(0.17) |
| WEIGHTED AVERAGE COMMON SHARE OUTSTANDING | ||
| BASIC | 10,073,445 | 9,332,553 |
| DILUTED | 10,073,445 | 9,332,553 |
| (a) | Includes share-based compensation of $458 thousand and $286 thousand for the three months ended March 31, 2024 and March 31, 2023 respectively. |
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