VerifyMe Inc
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 13, 2024
VRME$8.98+10.3%Stored close · as of Sep 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations (Unaudited)
Consolidated Statements of Operations
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | |
| NET REVENUE | $5,352 | $5,335 | $11,111 | $10,996 |
| COST OF REVENUE(a) | 3,262 | 3,749 | 6,761 | 7,889 |
| GROSS PROFIT | 2,090 | 1,586 | 4,350 | 3,107 |
| OPERATING EXPENSES | ||||
| Segment management and Technology(a) | 1,517 | 1,251 | 2,860 | 2,356 |
| General and administrative (a) | 894 | 836 | 2,015 | 2,249 |
| Research and development | 5 | 10 | 60 | 18 |
| Sales and marketing (a) | 210 | 527 | 598 | 1,026 |
| Total Operating expenses | 2,626 | 2,624 | 5,533 | 5,649 |
| LOSS BEFORE OTHER INCOME (EXPENSE) | (536) | (1,038) | (1,183) | (2,542) |
| OTHER (EXPENSE) INCOME | ||||
| Interest expenses, net | (42) | (46) | (80) | (88) |
| Unrealized gain (loss) on equity investment | - | 30 | - | (2) |
| Change in fair value of contingent consideration | 232 | 172 | 364 | 172 |
| Other expense, net | - | - | - | (2) |
| TOTAL OTHER INCOME (EXPENSE), NET | 190 | 156 | 284 | 80 |
| NET LOSS | $(346) | $(882) | $(899) | $(2,462) |
| LOSS PER SHARE | ||||
| BASIC | (0.03) | (0.09) | (0.09) | (0.26) |
| DILUTED | (0.03) | (0.09) | (0.09) | (0.26) |
| WEIGHTED AVERAGE COMMON SHARE OUTSTANDING | ||||
| BASIC | 10,238,717 | 9,765,452 | 10,156,081 | 9,614,183 |
| DILUTED | 10,238,717 | 9,765,452 | 10,156,081 | 9,614,183 |
| (a) | Includes share-based compensation of $239 thousand and $697 thousand for the three and six months ended June 30, 2024, respectively, and $315 thousand and $601 thousand for the three and six months ended June 30, 2023 respectively. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.