VerifyMe, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 21, 2024 at 12:05 pm
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VerifyMe, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 8.71 million compared to USD 9.7 million a year ago. Net income was USD 0.002 million compared to USD 0.108 million a year ago.
For the full year, the company reported sales was USD 25.31 million compared to USD 19.58 million a year ago. Net loss was USD 3.39 million compared to USD 14.4 million a year ago. Basic loss per share from continuing operations was USD 0.35 compared to USD 1.7 a year ago. Diluted loss per share from continuing operations was USD 0.35 compared to USD 1.7 a year ago.
VerifyMe, Inc. together with its subsidiaries, PeriShip Global, LLC (PeriShip Global) and Trust Codes Global Limited (Trust Codes Global), is a traceability and customer support services provider using specialized software and process technology. Its segments include Precision Logistics and Authentication. The Precision Logistics and Authentication segments provide specialized logistics for time-and-temperature sensitive products, as well as item level traceability, anti-diversion and anti-counterfeit protection, brand protection and enhancement technology solutions. The Precision Logistics segment specializes in predictive analytics for optimizing delivery of time and temperature- sensitive perishable products. The Precision Logistics segment includes bundled services, such as PeriTrack, Service Center, Pre-Transit Service, Post-Delivery, and Weather/Traffic Service. The Authentication segment specializes in traceability to connect brands with consumers through their products.
VERIFYME, INC. 
