VerifyMe Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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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.
FY2024 · Filed Mar 12, 2025
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, 2024 | December 31, 2023 | |
| NET REVENUE | $24,207 | $25,313 |
| COST OF REVENUE | 15,545 | 17,287 |
| GROSS PROFIT | 8,662 | 8,026 |
| OPERATING EXPENSES | ||
| Segment management and Technology(a) | 5,454 | 5,097 |
| General and administrative (a) | 3,852 | 4,416 |
| Research and development | 70 | 107 |
| Sales and marketing (a) | 1,361 | 1,644 |
| Goodwill and Intangible asset impairment | 2,315 | 90 |
| Total Operating expenses | 13,052 | 11,354 |
| LOSS BEFORE OTHER INCOME (EXPENSE) | (4,390) | (3,328) |
| OTHER INCOME (EXPENSE) | ||
| Interest expenses, net | (130) | (161) |
| Change in fair value of contingent consideration | 844 | 201 |
| Loss on equity investment | - | (100) |
| Loss on sale of business | (146) | - |
| Other expense, net | (2) | (2) |
| TOTAL OTHER INCOME (EXPENSE), NET | 566 | (62) |
| NET LOSS | $(3,824) | $(3,390) |
| LOSS PER SHARE | ||
| BASIC | (0.37) | (0.35) |
| DILUTED | (0.37) | (0.35) |
| WEIGHTED AVERAGE COMMON SHARE OUTSTANDING | ||
| BASIC | 10,402,508 | 9,766,469 |
| DILUTED | 10,402,508 | 9,766,469 |
| (a) | Includes share-based compensation of $1,555 thousand for the year ended December 31, 2024, and $1,675 thousand for the year ended December 31, 2023. |
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