VerifyMe Q1 revenue falls on partner loss

VerifyMe, Inc.

VerifyMe, Inc.

VRME

0.00


Overview

  • U.S. logistics and brand protection firm's Q1 revenue fell yr/yr due to partner loss

  • Gross margin improved to 54% from 33%, driven by service mix and process improvements

  • Company posted wider net loss and adjusted EBITDA loss compared to Q1 2025


Outlook

  • Company expects to begin offering Premium services with new partner in Q2 2026


Result Drivers

  • PARTNER TERMINATION - Revenue declined mainly due to the loss of ProActive services following the September 2025 termination of the prior carrier partner agreement

  • SERVICE MIX AND PROCESS IMPROVEMENTS - Gross margin increased due to the mix of ProActive and Premium services and process improvements to increase ProActive services margins

  • HIGHER LEGAL EXPENSES - Operating loss increased mainly due to higher legal expenses associated with the proposed merger and the decrease in gross profit


Company press release: ID:nBwqNl1Pa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$1.77 mln

Q1 Net Income

-$679,000

Q1 Adjusted EBITDA

-$84,000

Q1 Gross Margin

54.00%


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