VerifyMe, Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 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.
Sep 30, 2025 · Filed Nov 14, 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 | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 | |
| NET REVENUE | $5,033 | $5,435 | $14,008 | $16,546 |
| COST OF REVENUE | 2,960 | 3,540 | 8,854 | 10,301 |
| GROSS PROFIT | 2,073 | 1,895 | 5,154 | 6,245 |
| OPERATING EXPENSES | ||||
| Segment management and Technology(a) | 744 | 1,329 | 2,590 | 4,189 |
| General and administrative (a) | 669 | 778 | 2,241 | 2,780 |
| Research and development | 5 | 5 | 15 | 65 |
| Sales and marketing (a) | 237 | 401 | 805 | 999 |
| Goodwill and intangible asset impairment | 3,850 | 2,252 | 3,850 | 2,265 |
| Total Operating expenses | 5,505 | 4,765 | 9,501 | 10,298 |
| LOSS BEFORE OTHER INCOME (EXPENSE) | (3,432) | (2,870) | (4,347) | (4,053) |
| OTHER INCOME (EXPENSE) | ||||
| Interest income (expenses), net | 67 | (29) | 121 | (109) |
| Other income, net | 9 | - | 8 | - |
| Change in fair value of contingent consideration | - | 475 | - | 839 |
| TOTAL OTHER INCOME, NET | 76 | 446 | 129 | 730 |
| NET LOSS | $(3,356) | $(2,424) | $(4,218) | $(3,323) |
| LOSS PER SHARE | ||||
| BASIC | (0.26) | (0.23) | (0.34) | (0.32) |
| DILUTED | (0.26) | (0.23) | (0.34) | (0.32) |
| WEIGHTED AVERAGE COMMON SHARE OUTSTANDING | ||||
| BASIC | 12,682,423 | 10,603,747 | 12,542,986 | 10,306,392 |
| DILUTED | 12,682,423 | 10,603,747 | 12,542,986 | 10,306,392 |
(a) Includes share-based compensation of $92 thousand and $684 thousand for the three and nine months ended September 30, 2025, respectively, and $486 thousand and $1,183 thousand for the three and nine months ended September 30, 2024 respectively.
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