VRME Q3 2022 Earnings — VerifyMe, Inc. Revenue & Financial Results | Market Cap Arena

VRMEVerifyMe, Inc.

$12M

Q3 2022 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$5M+1638.3% YoY

Gross Profit

$2M35.6% margin

Operating Income

-$875,000-16.8% margin

Net Income

-$557,000-10.7% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

+16.0%

Cash Flow

Operating Cash Flow

-$43,000

Free Cash Flow

-$178,000

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$17M

Total Liabilities

$4M

Stockholders' Equity

$13M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5M	$300,000	+1638.3%
Gross Profit	$2M	-$37,000	+5113.5%
Operating Income	-$875,000	-$1M	+14.6%
Net Income	-$557,000	$7M	-107.7%

Revenue Segments

Premium Services

$1M100%