- \n
- Revenue of $5.0 million in Q3 2025, compared to $5.4 million in Q3 2024(1)<\/sup><\/i><\/b><\/li>\n
- Gross profit of $2.1 million or 41% in Q3 2025, compared to $1.9 million or 35% in Q3 2024<\/i><\/b><\/li>\n
- Net loss ($3.4) million in Q3 2025, including $3.9 million of one-time adjustments, compared to a net loss of ($2.4) million, including $1.8 million of one-time adjustments in Q3 2024<\/i><\/b><\/li>\n
- Adjusted EBITDA(2)<\/sup> of $0.8 million in Q3 2025, compared to $0.2 million in Q3 2024<\/i><\/b><\/li>\n
- Cash of $4.0 million as of September 30, 2025, with cash provided by operations of $0.2 million in Q3 2025, compared to $0.0 million in Q3 2024.<\/i><\/b><\/li>\n
- Short-term note investment of $2.0 million with regular quarterly interest payments<\/i><\/b><\/li>\n<\/ul>\n
LAKE MARY, Fla.–(BUSINESS WIRE<\/a>)–VerifyMe, Inc<\/b>. (NASDAQ: VRME<\/a>) (\u201cVerifyMe,\u201d \u201cwe,\u201d \u201cour,\u201d or the \u201cCompany\u201d), which provides brand owners time and temperature sensitive logistics, and brand protection and enhancement solutions, announced today the Company\u2019s financial results for its third quarter ended September 30, 2025 (\u201cQ3 2025\u201d).<\/p>\n
\nAdam Stedham, VerifyMe\u2019s CEO and President stated \u201cWe are pleased with our year-to-date adjusted EBITDA growth over 2024, our positive cash generation in Q3 2025, and our new partnership with the other major parcel carrier in the US. We continue to look for strategic acquisitions to complement our services. In the meantime, we are setting the stage for organic revenue growth in 2026, accompanied by a higher margin profile and continued cash generation.\u201d<\/p>\n
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\n \n __________<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n(1)<\/p>\n<\/td>\n
\n \n \nIncluding $0.8 million from loss of previously disclosed Proactive services customers<\/p>\n<\/td>\n<\/tr>\n
\n \n \n(2)<\/p>\n<\/td>\n
\n \n \nAdjusted EBITDA is a non-GAAP financial measure. See “Use of Non-GAAP Financial Measures” below for information about this non-GAAP measure. A reconciliation to the most directly comparable GAAP measure, net loss, is included as a schedule to this release.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Key Financial Highlights for Q3 2025:<\/b><\/p>\n
- \n
- \nConsolidated revenue of $5.0 million for the three months ended September 30, 2025 (\u201cQ3 2025), compared to $5.4 million for the three months ended September 30, 2024 (\u201cQ3 2024\u201d) (1)<\/sup><\/i>.<\/p>\n<\/li>\n
- \nGross profit of $2.1 million or 41% in Q3 2025, compared to $1.9 million or 35% in Q3 2024.<\/p>\n<\/li>\n
- \nNet loss of ($3.4) million or ($0.26) per basic and diluted share in Q3 2025 including one-time adjustments of $3.9 million, compared to a net loss of ($2.4) million or ($0.23) per basic and diluted share in Q3 2024 including one-time adjustments of $1.8 million.<\/p>\n<\/li>\n
- \nAdjusted EBITDA(2)<\/sup> of $0.8 million in Q3 2025, compared to $0.2 million in Q3 2024<\/p>\n<\/li>\n
- \nCash provided by operations of $0.2 million during Q3 2025 compared to $0.0 million during Q3 2024.<\/p>\n<\/li>\n<\/ul>\n
Financial Results for the Three Months Ended September 30, 2025<\/b>:<\/p>\n
\nRevenue in Q3 2025 was $5.0 million, compared to $5.4 million in Q3 2024. Revenue for the quarter decreased by $0.4 million. The decrease is primarily attributable to a $0.8 million decrease related to previously disclosed discontinued services for two customers in our Proactive services, which was partially offset by increases in revenues from new and existing customers in our Precision Logistics segment. Our Precision Logistics segment accounted for 99% of our revenues for the quarter.<\/p>\n
\nGross profit in Q3 2025 was $2.1 million, compared to $1.9 million in Q3 2024. The resulting gross margin percentage was 41% for the three months ended September 30, 2025, compared to 35% for the three months ended September 30, 2024. The increase in gross margin is primarily due to a decrease in costs in our Precision Logistics segment.<\/p>\n
\nOperating loss was ($3.4) million in Q3 2025, compared to ($2.9) million in Q3 2024. The increased loss primarily relates to $3.9 million of goodwill and intangible asset impairments in the Precision Logistics segment in Q3 2025.<\/p>\n
\nNet loss was ($3.4) million in Q3 2025 compared to ($2.4) million in Q3 2024. <\/b>The resulting loss per basic and diluted share was ($0.26) in Q3 2025, compared to a loss per basic and diluted share of ($0.23) in Q3 2024.<\/p>\n
\nAdjusted EBITDA(2)<\/sup><\/b>in Q3 2025 was $0.8 million, compared to $0.2 million in Q3 2024. Adjusted EBITDA is a non-GAAP financial measure. Please see \u201cUse of Non-GAAP Financial Measures\u201d for a discussion of this non-GAAP measure. A reconciliation to the most directly comparable GAAP measure, net loss is included as a schedule to this release.<\/p>\n
\nAt September 30, 2025, we had a $4.0 million cash balance and $5.7 million in working capital.<\/p>\n
- Gross profit of $2.1 million or 41% in Q3 2025, compared to $1.9 million or 35% in Q3 2024<\/i><\/b><\/li>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20251117423048\/en\/2644985\/3\/VRME_Logo_full.jpg\"){kind=logo}
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