VRME Q2 2023 Earnings — VerifyMe, Inc. Revenue & Financial Results | Market Cap Arena

VRMEVerifyMe, Inc.

$12M

Q2 2023 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$5M+18.6% YoY

Gross Profit

$2M29.7% margin

Operating Income

-$1M-19.5% margin

Net Income

-$882,000-16.5% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

-5.8%

Cash Flow

Operating Cash Flow

-$337,000

Free Cash Flow

-$554,000

Stock-Based Comp.

-$245,000

Balance Sheet

Total Assets

$18M

Total Liabilities

$6M

Stockholders' Equity

$12M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5M	$4M	+18.6%
Gross Profit	$2M	$2M	-5.9%
Operating Income	-$1M	-$1M	+21.5%
Net Income	-$882,000	-$13M	+93.0%

Revenue Segments

Premium Services

$1M100%