VRME Q1 2022 Earnings — VerifyMe, Inc. Revenue & Financial Results | Market Cap Arena

VRMEVerifyMe, Inc.

$12M

Q1 2022 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$161,000-14.4% YoY

Gross Profit

$123,00076.4% margin

Operating Income

-$2M-1024.8% margin

Net Income

-$1M-865.8% margin

EPS (Diluted)

$-0.19

QoQ Revenue Growth

-36.9%

Cash Flow

Operating Cash Flow

-$1M

Free Cash Flow

-$1M

Stock-Based Comp.

$429,000

Balance Sheet

Total Assets

$21M

Total Liabilities

$735,000

Stockholders' Equity

$20M

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$161,000	$188,000	-14.4%
Gross Profit	$123,000	$145,000	-15.2%
Operating Income	-$2M	-$1M	-35.8%
Net Income	-$1M	-$1M	-14.7%