VerifyMe, Inc. (VRME)

NASDAQ: VRME · IEX Real-Time Price · USD
1.88
+0.06 (3.30%)
At close: Feb 3, 2023, 4:00 PM
1.61
-0.27 (-14.36%)
After-hours: Feb 3, 2023, 6:03 PM EST
3.3%
Market Cap 16.99M
Revenue (ttm) 10.13M
Net Income (ttm) -15.51M
Shares Out 9.04M
EPS (ttm) -1.92
PE Ratio n/a
Forward PE 14.88
Dividend n/a
Ex-Dividend Date n/a
Volume 11,534
Open 1.83
Previous Close 1.82
Day's Range 1.81 - 1.95
52-Week Range 1.01 - 3.59
Beta 0.67
Analysts Buy
Price Target 3.57 (+89.89%)
Earnings Date Mar 13, 2023

About VRME

VerifyMe, Inc., a technology solutions provider, provides products to connect brands with consumers in the United States. The company offers VerifyMe Engage services that provides the ability for the brand owner to gather business intelligence and engage with the consumer using authentication test as the initial contact with the consumer. It also offers VerifyMe Authenticate services that provide an assortment of tools through its patented products comprising VerifyInk, a patented invisible ink; VerifyAuthenticator technology, a device used wit... [Read more]

Sector Industrials
Founded 1999
Employees 7
Stock Exchange NASDAQ
Ticker Symbol VRME
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for VRME stock is "Buy." The 12-month stock price forecast is $3.57, which is an increase of 89.89% from the latest price.

Price Target
$3.57
(89.89% upside)
Analyst Consensus: Buy
Stock Forecasts

News

VerifyMe Signs Mutual Sales Referral Agreement with The Agrarian Group

ROCHESTER, N.Y. , Jan. 12, 2023 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company")...

3 weeks ago - PRNewsWire

VerifyMe Corporate Update

ROCHESTER, N.Y. , Dec. 15, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company")...

1 month ago - PRNewsWire

VerifyMe and HP Indigo Ltd. enter into Five-Year Extension and Expansion of Agreement

ROCHESTER, N.Y. , Dec. 1, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") ...

2 months ago - PRNewsWire

VerifyMe, Inc. (VRME) Reports Q3 Loss, Tops Revenue Estimates

VerifyMe, Inc. (VRME) delivered earnings and revenue surprises of -100% and 0.27%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

VerifyMe Reports Third Quarter 2022 Financial Results and Positive Outlook

Quarterly revenue of $5.2 million, compared to $0.3 million in Q3 2021 Net Loss of $0.6 million in Q3 2022, compared to Net Income of $7.2 million in Q3 2021 (inclusive of non-cash gain on equity inve...

3 months ago - PRNewsWire

VerifyMe to Report Third Quarter 2022 Financial Results on November 10, 2022

ROCHESTER, N.Y. , Nov. 8, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") ...

3 months ago - PRNewsWire

Analysts Estimate VerifyMe, Inc. (VRME) to Report a Decline in Earnings: What to Look Out for

VerifyMe, Inc. (VRME) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

VerifyMe Enters into Contract with International Luxury Apparel Company

ROCHESTER, N.Y. , Oct. 6, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its wholly owned subsidiary PeriShip Global LLC, provides brand ...

4 months ago - PRNewsWire

VerifyMe Subsidiary Enters into a $2 million Term Loan Agreement and a $1 million line of credit with PNC Bank and Repays $2.0 million promissory note from PeriShip Acquisition

ROCHESTER, N.Y. , Sept. 27, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its wholly owned subsidiary PeriShip Global LLC ("PeriShip"), ...

4 months ago - PRNewsWire

VerifyMe Enters into Multi-Year Contract Extension with Strategic Partner and Largest Customer of PeriShip

ROCHESTER, N.Y. , Aug. 31, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its subsidiary PeriShip Global LLC ("PeriShip"), provides brand...

5 months ago - PRNewsWire

VerifyMe Reports Significant Revenue Growth in Second Quarter 2022 Results

Quarterly revenue of $4.5 million, compared to $0.1 million in Q2 2021 Significant growth from acquisition while continuing organic growth trend Net Loss of $12.6 million in Q2 2022 (inclusive of non-...

6 months ago - PRNewsWire

VerifyMe to Present at the 15th Annual Barrington Research Virtual Fall Conference

ROCHESTER, N.Y. , July 18, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its subsidiary PeriShip Global LLC ("PeriShip"), provides brand...

7 months ago - PRNewsWire

Here's Why VerifyMe Shares Are Trading Higher Today

VerifyMe, Inc (NASDAQ: VRME) elected not to extend the period for a special purpose acquisition company (SPAC) merger with G3 VRM Acquisition Corp (NASDAQ: GGGVU).  VerifyMe's board determined that it...

7 months ago - Benzinga

VerifyMe Announces SPAC Liquidation and Initiates New Share Repurchase Program

ROCHESTER, N.Y. , July 1, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its subsidiary PeriShip Global LLC ("PeriShip"), provides brand ...

7 months ago - PRNewsWire

VerifyMe Wholly Owned Subsidiary PeriShip Global LLC Adds Two Former FedEx Executives to Board of Directors

Dave Edmonds Retired Senior VP of FedEx World Wide Services and Curt Kole Former FedEx Cold Chain Pharmaceutical Logistics Specialist Officially Join PeriShip Global LLC Board of Directors ROCHESTER, ...

8 months ago - PRNewsWire

VerifyMe Launches Covert Brand Protection Ink for Direct to Product Continuous Inkjet Printers

Technologic Advance Greatly Expands the Market for VerifyMe's Brand Protection and Consumer Engagement Solutions ROCHESTER, N.Y., June 1, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe,...

8 months ago - PRNewsWire

VerifyMe Expands Into the UK With A New Customer

VerifyMe's EMEA strategy pays off with its first UK based customer ROCHESTER, N.Y. , May 26, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing b...

9 months ago - PRNewsWire

VerifyMe Reports First Quarter 2022 Results and Future Outlook

Quarterly revenue of $161 thousand, compared to $188 thousand in Q1 2021 Second Quarter revenue expected to have significant organic and acquisition growth Closing of transformative PeriShip acquisiti...

9 months ago - PRNewsWire

ID Verification Firm VerifyMe Acquires PeriShip for $10.5M

Identity verification provider VerifyMe has acquired logistics firm PeriShip for $10.5 million, the company said in a news release Monday (April 25). Based in Connecticut, PeriShip provides shipping a...

10 months ago - PYMNTS

VerifyMe Scoops Assets Of Logistics Management Company PeriShip To Gain New Entry Point In Pharma Market

VerifyMe Inc (NASDAQ: VRME) acquired the assets of PeriShip, LLC in a transaction worth $10.5 million. The consideration consisted of $7.5 million cash, $1.0 million in VerifyMe shares, and a $2.0 mil...

10 months ago - Benzinga

VerifyMe Acquires Assets of Logistics Management Company, PeriShip, LLC

Combined annual revenues expected to exceed $25.0 million in 2023 Strategic acquisition increases and diversifies VerifyMe's revenue, gross profitability, service offerings, industry verticals, and cu...

10 months ago - PRNewsWire

VerifyMe Announces Closing of $5.0 Million Private Placement Priced At-the-Market Under Nasdaq Rules

ROCHESTER, N.Y., April 14, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners authentication, supply chain monitoring, and data-rich...

10 months ago - PRNewsWire

VerifyMe Announces $5.0 Million Private Placement Priced At-the-Market Under Nasdaq Rules

ROCHESTER, N.Y. , April 12, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing authentication, supply chain monitoring, and data-rich consumer en...

10 months ago - PRNewsWire

VerifyMe Announces Changes to Board of Directors

ROCHESTER, N.Y. , April 12, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners authentication, supply chain monitoring, and data-ric...

10 months ago - PRNewsWire

Adam Stedham Joins the Board of Directors of VerifyMe

ROCHESTER, N.Y. , April 12, 2022 /PRNewswire/ -- VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), providing brand owners authentication, supply chain monitoring, and data-ric...

10 months ago - PRNewsWire