VerifyMe Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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 | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 | |
| NET REVENUE | $5,435 | $5,604 | $16,546 | $16,600 |
| COST OF REVENUE(a) | 3,540 | 3,558 | 10,301 | 11,447 |
| GROSS PROFIT | 1,895 | 2,046 | 6,245 | 5,153 |
| OPERATING EXPENSES | ||||
| Segment management and Technology(a) | 1,329 | 1,341 | 4,189 | 3,697 |
| General and administrative (a) | 778 | 1,178 | 2,780 | 3,393 |
| Research and development | 5 | 5 | 65 | 23 |
| Sales and marketing (a) | 401 | 377 | 999 | 1,403 |
| Goodwill and Intangible asset impairment | 2,252 | - | 2,265 | 34 |
| Total Operating expenses | 4,765 | 2,901 | 10,298 | 8,550 |
| LOSS BEFORE OTHER INCOME (EXPENSE) | (2,870) | (855) | (4,053) | (3,397) |
| OTHER (EXPENSE) INCOME | ||||
| Interest expenses, net | (29) | (39) | (109) | (127) |
| Unrealized loss on equity investment | - | - | - | (2) |
| Change in fair value of contingent consideration | 475 | (36) | 839 | 136 |
| Other expense, net | - | - | - | (2) |
| TOTAL OTHER INCOME (EXPENSE), NET | 446 | (75) | 730 | 5 |
| NET LOSS | $(2,424) | $(930) | $(3,323) | $(3,392) |
| LOSS PER SHARE | ||||
| BASIC | (0.23) | (0.09) | (0.32) | (0.35) |
| DILUTED | (0.23) | (0.09) | (0.32) | (0.35) |
| WEIGHTED AVERAGE COMMON SHARE OUTSTANDING | ||||
| BASIC | 10,603,747 | 9,879,202 | 10,306,392 | 9,732,619 |
| DILUTED | 10,603,747 | 9,879,202 | 10,306,392 | 9,732,619 |
| (a) | Includes share-based compensation of $486 thousand and $1,183 thousand for the three and nine months ended September 30, 2024, respectively, and $498 thousand and $1,099 thousand for the three and nine months ended September 30, 2023, respectively. |
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