VRME FY 2023 Earnings — VerifyMe, Inc. Revenue & Financial Results | Market Cap Arena

VRMEVerifyMe, Inc.

$12M

FY 2023 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$25M+29.3% YoY

Gross Profit

$8M31.7% margin

Operating Income

-$3M-12.8% margin

Net Income

-$3M-13.4% margin

EPS (Diluted)

$-0.35

Cash Flow

Operating Cash Flow

$244,000

Free Cash Flow

-$530,000

Stock-Based Comp.

$200,000

Balance Sheet

Total Assets

$21M

Total Liabilities

$8M

Stockholders' Equity

$13M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$25M	$20M	+29.3%
Gross Profit	$8M	$6M	+23.7%
Operating Income	-$3M	-$4M	+13.6%
Net Income	-$3M	-$14M	+76.5%