VRME Q2 2024 Earnings — VerifyMe, Inc. Revenue & Financial Results | Market Cap Arena

VRMEVerifyMe, Inc.

$12M

Q2 2024 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$5M+0.3% YoY

Gross Profit

$2M39.1% margin

Operating Income

-$536,000-10.0% margin

Net Income

-$346,000-6.5% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

-7.1%

Cash Flow

Operating Cash Flow

$372,000

Free Cash Flow

$291,000

Stock-Based Comp.

-$369,000

Balance Sheet

Total Assets

$18M

Total Liabilities

$5M

Stockholders' Equity

$12M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5M	$5M	+0.3%
Gross Profit	$2M	$2M	+31.8%
Operating Income	-$536,000	-$1M	+48.4%
Net Income	-$346,000	-$882,000	+60.8%

Revenue Segments

Premium Services

$1M100%