VRME Q1 2024 Earnings — VerifyMe, Inc. Revenue & Financial Results | Market Cap Arena

VRMEVerifyMe, Inc.

$12M

Q1 2024 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$6M+1.7% YoY

Gross Profit

$2M39.2% margin

Operating Income

-$647,000-11.2% margin

Net Income

-$553,000-9.6% margin

EPS (Diluted)

$-0.05

QoQ Revenue Growth

-33.9%

Cash Flow

Operating Cash Flow

-$60,000

Free Cash Flow

-$170,000

Stock-Based Comp.

$458,000

Balance Sheet

Total Assets

$18M

Total Liabilities

$6M

Stockholders' Equity

$12M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6M	$6M	+1.7%
Gross Profit	$2M	$2M	+48.6%
Operating Income	-$647,000	-$1M	+46.1%
Net Income	-$553,000	-$2M	+65.0%

Revenue Segments

Premium Services

$1M100%