<span item_type="fundamental" item_id="185461e0bb26b7a30bfc50c1f34a05dd" counter_id="ST/US/VRMEW" env="prod"></span><span item_type="announcement" item_id="515619094998356481" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 4.455 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD -0.05.</p><p>EBIT: As of FY2025 Q1, the actual value is USD -307 K.</p><p></p><h3>Segment Revenue</h3><ul><li>Quarterly revenue for VerifyMe, Inc. was $4.5 million in Q1 2025, compared to $5.8 million in Q1 2024, marking a decrease primarily due to a discontinued contract with a Premium services customer.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_1.htm"></span></li><li>VerifyMe revenue decreased by 22.6% compared to Q1 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_2.htm"></span></li><li>Precision Logistics proactive services revenue was 12.6% below Q1 2024, and premium services revenue was 47.1% below Q1 2024 due to a single account insourcing announced in Q2 of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_2.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Gross profit was $1.5 million or 33% in Q1 2025, compared to $2.3 million or 39% in Q1 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_1.htm"></span></li><li>Net loss was - $0.6 million in both Q1 2025 and Q1 2024, with a loss per diluted share of - $0.05.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_1.htm"></span></li><li>Operating expenses for Q1 2025 were 28.3% lower than Q1 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_2.htm"></span></li><li>Net loss for Q1 2025 was $0.4 million, flat year over year.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_2.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Cash balance as of March 31, 2025, was $5.7 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_2.htm"></span></li><li>Convertible note outstanding principal was $0.8 million at the end of Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_2.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The decrease in revenue in the authentication segment was primarily due to the divestiture of the Trust Codes Global business in December 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_1.htm"></span></li><li>Adjusted EBITDA for Q1 2025 was $0, compared to $114,000 in Q1 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_2.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company is focusing on technical improvements in the Precision Logistics Segment and enhancing sales and marketing efforts. Despite macro-environment challenges, the company believes its operating cash flow and elevated cash levels provide a strong foundation for creating shareholder value.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_1.htm"></span></li><li>The company is continuing efforts to expand revenue with directly contracted PeriShip customers and optimize direct customer marketing and sales approaches. Conversations are ongoing with other freight handlers and third-party logistics companies, and there is work to integrate with e-commerce shopping carts. The company is engaged in continued discussions regarding both transformative and tuck-in potential acquisitions.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1104038/000121465925007426/ex99_2.htm"></span></li></ul>

VERIFYME INC C/WTS 22/06/2025 (TO PUR COM) | 8-K: FY2025 Q1 Revenue: USD 4.455 M