VRME Q3 2023 Earnings — VerifyMe, Inc. Revenue & Financial Results | Market Cap Arena

VRMEVerifyMe, Inc.

$12M

Q3 2023 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$6M+7.5% YoY

Gross Profit

$2M40.9% margin

Operating Income

-$855,000-15.3% margin

Net Income

-$930,000-16.6% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

+5.0%

Cash Flow

Operating Cash Flow

-$136,000

Free Cash Flow

-$348,000

Stock-Based Comp.

$5,000

Balance Sheet

Total Assets

$19M

Total Liabilities

$7M

Stockholders' Equity

$12M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6M	$5M	+7.5%
Gross Profit	$2M	$2M	+23.6%
Operating Income	-$855,000	-$875,000	+2.3%
Net Income	-$930,000	-$557,000	-67.0%

Revenue Segments

Premium Services

$1M100%