VerifyMe Inc
For the period ended Mar 31, 2025. Filed May 13, 2025.
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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, 2025 · Filed May 13, 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 (Unaudited)
Consolidated Statements of Operations
| Three Months Ended | ||
|---|---|---|
| March 31, 2025 | March 31, 2024 | |
| NET REVENUE | $4,455 | $5,759 |
| COST OF REVENUE | 2,965 | 3,499 |
| GROSS PROFIT | 1,490 | 2,260 |
| OPERATING EXPENSES | ||
| Segment management and Technology(a) | 926 | 1,381 |
| General and administrative (a) | 856 | 1,121 |
| Research and development | 5 | 55 |
| Sales and marketing (a) | 296 | 350 |
| Total Operating expenses | 2,083 | 2,907 |
| LOSS BEFORE OTHER INCOME (EXPENSE) | (593) | (647) |
| OTHER INCOME (EXPENSE) | ||
| Interest income(expense) net | 22 | (38) |
| Change in fair value of contingent consideration | - | 132 |
| TOTAL OTHER INCOME, NET | 22 | 94 |
| NET LOSS | $(571) | $(553) |
| LOSS PER SHARE | ||
| BASIC | (0.05) | (0.05) |
| DILUTED | (0.05) | (0.05) |
| WEIGHTED AVERAGE COMMON SHARE OUTSTANDING | ||
| BASIC | 12,292,150 | 10,073,445 |
| DILUTED | 12,292,150 | 10,073,445 |
| (a) | Includes share-based compensation of $333 thousand and $458 thousand for the three months ended March 31, 2025 and March 31, 2024, respectively. |
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