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VerifyMe (VRME) investor relations material
VerifyMe Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue declined 7% year-over-year to $5.0 million, mainly due to discontinued Proactive services and customer transitions, including the loss of FedEx as a preferred shipping partner and the divestiture of Trust Codes Global.
Gross profit increased to $2.1 million, with gross margin rising to 41% from 35% in Q3 2024, reflecting cost reductions and operational efficiencies in Precision Logistics.
Adjusted EBITDA improved to $0.8 million, up from $0.2 million year-over-year, driven by cost reductions and operational efficiencies.
Net loss widened to $3.4 million (or $0.26 per share), including a $3.9 million non-cash impairment charge related to goodwill and intangible assets, compared to a $2.4 million loss last year.
The company remains cash flow positive, with a cash balance of $4.0 million and no bank debt.
Financial highlights
Q3 2025 revenue: $5.0 million, down from $5.4 million in Q3 2024.
Gross profit: $2.1 million, gross margin: 41% (up from 35%).
Net loss: $3.4 million (including $3.9 million impairment), or $0.26 per share, compared to $2.4 million loss, or $0.23 per share, in Q3 2024.
Adjusted EBITDA: $0.8 million, up from $0.2 million year-over-year.
Cash and equivalents: $4.0 million as of September 30, 2025.
Outlook and guidance
Revenue is expected to decline in Q4 2025 and Q1 2026 due to the shipping partner transition, but gross margin percentage is expected to remain stable.
Management anticipates organic revenue growth and higher margins in 2026 as new and existing customers are transitioned.
No guidance for 2026 provided yet; expected to be given in the next earnings call.
Company expects to remain cash flow positive for full year 2025 and into 2026.
Next VerifyMe earnings date
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