VerifyMe Inc (PK:VRME)

Sector:  Technology Industry:  Software
See Regulatory Filings on SEC
Company Contact
Address: 75 S Clinton Ave Ste 510
ROCHESTER NY 14604-1710
Tel: N/A
IR: See website
Key People
Norman A. Gardner
Chairman of the Board
Patrick Joseph White
President, Chief Executive Officer, Director
Margaret Gezerlis
Chief Financial Officer
Keith E. Goldstein
Chief Operating Officer
Sandy Fliderman
Chief Technology Officer
Business Overview
VerifyMe, Inc. is a United States-based company, which operates in the anti-counterfeiting industry. The Company offers security solutions for identification and authentication of people, products and packaging in a range of applications in the security field for both digital and physical transactions. Its products are used to manage and issue secure credentials, including national identifications, passports, driver licenses and access control credentials, as well as authentication security software to secure physical and logical access to facilities, computer networks, Internet sites and mobile applications. Its digital technologies involve the utilization of multiple authentication mechanisms, some of which it owns and some of which it license. These mechanisms include biometric factors, knowledge factors, possession factors and location factors. The Company's solutions allow the assessment and quantification of risk using a scoring mechanism.
Financial Overview
For the fiscal year ended 31 December 2019, VerifyMe Inc revenues increased from $75K to $245K. Net loss decreased 14% to $2.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Settlement agreement with shareholders decrease from $779K (expense) to $0K, Research and development decrease of 97% to $5K (expense).
Employees: 1 as of Mar 6, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $7.69M as of Dec 31, 2019
Annual revenue (TTM): $0.24M as of Dec 31, 2019
EBITDA (TTM): -$2.15M as of Dec 31, 2019
Net annual income (TTM): -$2.51M as of Dec 31, 2019
Free cash flow (TTM): -$1.88M as of Dec 31, 2019
Net Debt Last Fiscal Year: $0.05M as of Dec 31, 2019
Shares outstanding: 112,570,264 as of Mar 6, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization