Revenue: As of FY2025 Q1, the actual value is USD 4.455 M.

EPS: As of FY2025 Q1, the actual value is USD -0.05.

EBIT: As of FY2025 Q1, the actual value is USD -307 K.

Segment Revenue

• Quarterly revenue for VerifyMe, Inc. was $4.5 million in Q1 2025, compared to $5.8 million in Q1 2024, marking a decrease primarily due to a discontinued contract with a Premium services customer.
• VerifyMe revenue decreased by 22.6% compared to Q1 2024.
• Precision Logistics proactive services revenue was 12.6% below Q1 2024, and premium services revenue was 47.1% below Q1 2024 due to a single account insourcing announced in Q2 of 2024.

Operational Metrics

• Gross profit was $1.5 million or 33% in Q1 2025, compared to $2.3 million or 39% in Q1 2024.
• Net loss was - $0.6 million in both Q1 2025 and Q1 2024, with a loss per diluted share of - $0.05.
• Operating expenses for Q1 2025 were 28.3% lower than Q1 2024.
• Net loss for Q1 2025 was $0.4 million, flat year over year.

Cash Flow

• Cash balance as of March 31, 2025, was $5.7 million.
• Convertible note outstanding principal was $0.8 million at the end of Q1 2025.

Unique Metrics

• The decrease in revenue in the authentication segment was primarily due to the divestiture of the Trust Codes Global business in December 2024.
• Adjusted EBITDA for Q1 2025 was $0, compared to $114,000 in Q1 2024.

Outlook / Guidance

• The company is focusing on technical improvements in the Precision Logistics Segment and enhancing sales and marketing efforts. Despite macro-environment challenges, the company believes its operating cash flow and elevated cash levels provide a strong foundation for creating shareholder value.
• The company is continuing efforts to expand revenue with directly contracted PeriShip customers and optimize direct customer marketing and sales approaches. Conversations are ongoing with other freight handlers and third-party logistics companies, and there is work to integrate with e-commerce shopping carts. The company is engaged in continued discussions regarding both transformative and tuck-in potential acquisitions.