VerifyMe, Inc.
For the period ended Jun 30, 2025. Filed Aug 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.
Jun 30, 2025 · Filed Aug 13, 2025
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 | Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |
| NET REVENUE | $4,520 | $5,352 | $8,975 | $11,111 |
| COST OF REVENUE | 2,929 | 3,262 | 5,894 | 6,761 |
| GROSS PROFIT | 1,591 | 2,090 | 3,081 | 4,350 |
| OPERATING EXPENSES | ||||
| Segment management and Technology(a) | 920 | 1,517 | 1,846 | 2,860 |
| General and administrative (a) | 716 | 894 | 1,572 | 2,015 |
| Research and development | 5 | 5 | 10 | 60 |
| Sales and marketing (a) | 272 | 210 | 568 | 598 |
| Total Operating expenses | 1,913 | 2,626 | 3,996 | 5,533 |
| LOSS BEFORE OTHER INCOME (EXPENSE) | (322) | (536) | (915) | (1,183) |
| OTHER (EXPENSE) INCOME | ||||
| Interest income (expenses), net | 32 | (42) | 54 | (80) |
| Other expense, net | (1) | - | (1) | - |
| Change in fair value of contingent consideration | - | 232 | - | 364 |
| TOTAL OTHER INCOME (EXPENSE), NET | 31 | 190 | 53 | 284 |
| NET LOSS | $(291) | $(346) | $(862) | $(899) |
| LOSS PER SHARE | ||||
| BASIC | (0.02) | (0.03) | (0.07) | (0.09) |
| DILUTED | (0.02) | (0.03) | (0.07) | (0.09) |
| WEIGHTED AVERAGE COMMON SHARE OUTSTANDING | ||||
| BASIC | 12,643,791 | 10,238,717 | 12,469,118 | 10,156,081 |
| DILUTED | 12,643,791 | 10,238,717 | 12,469,118 | 10,156,081 |
(a) Includes share-based compensation of $259 thousand and $592 thousand for the three and six months ended June 30, 2025, respectively, and $239 thousand and $697 thousand for the three and six months ended June 30, 2024 respectively.
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