VRME Q3 2024 Earnings — VerifyMe, Inc. Revenue & Financial Results | Market Cap Arena

VRMEVerifyMe, Inc.

$12M

Q3 2024 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$5M-3.0% YoY

Gross Profit

$2M34.9% margin

Operating Income

-$618,000-11.4% margin

Net Income

-$2M-44.6% margin

EPS (Diluted)

$-0.23

QoQ Revenue Growth

+1.6%

Cash Flow

Operating Cash Flow

-$10,000

Free Cash Flow

-$172,000

Stock-Based Comp.

$85,000

Balance Sheet

Total Assets

$15M

Total Liabilities

$5M

Stockholders' Equity

$10M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5M	$6M	-3.0%
Gross Profit	$2M	$2M	-17.3%
Operating Income	-$618,000	-$855,000	+27.7%
Net Income	-$2M	-$930,000	-160.6%

Revenue Segments

Premium Services

$886,000100%