VRME Q1 2023 Earnings — VerifyMe, Inc. Revenue & Financial Results | Market Cap Arena

VRMEVerifyMe, Inc.

$12M

Q1 2023 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$6M+3416.1% YoY

Gross Profit

$2M26.9% margin

Operating Income

-$1M-21.2% margin

Net Income

-$2M-27.9% margin

EPS (Diluted)

$-0.18

QoQ Revenue Growth

-41.7%

Cash Flow

Operating Cash Flow

-$126,000

Free Cash Flow

-$348,000

Stock-Based Comp.

$286,000

Balance Sheet

Total Assets

$19M

Total Liabilities

$6M

Stockholders' Equity

$13M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6M	$161,000	+3416.1%
Gross Profit	$2M	$123,000	+1136.6%
Operating Income	-$1M	-$2M	+27.2%
Net Income	-$2M	-$1M	-13.3%

Revenue Segments

Premium Services

$910,000100%