VerifyMe, Inc. is a technology solutions provider specializing in brand protection functions such as counterfeit prevention, authentication, serialization, and track and trace features for labels, packaging and products. VerifyMe’s physical technology authenticates packaging, labels and documents with a suite of proprietary security inks and pigments, which work in conjunction with serialization and track and trace software known as VeriPAS™ that allows both consumers and brand inspectors to verify authenticity with their smartphones. VeriPAS™ is a serialization software system that brand owners access through a web portal to monitor, control and protect their products complete life cycle.
Company profile
Ticker
VRME, VRMEW
Exchange
Website
CEO
Patrick White
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
LASERLOCK TECHNOLOGIES INC
SEC CIK
Corporate docs
IRS number
233023677
VRME stock data
Latest filings (excl ownership)
10-Q
2022 Q3
Quarterly report
10 Nov 22
8-K
VerifyMe Reports Third Quarter 2022 Financial Results and Positive Outlook
10 Nov 22
8-K
Entry into a Material Definitive Agreement
27 Sep 22
8-K
VerifyMe Enters into Multi-Year Contract Extension with Strategic Partner and Largest Customer of PeriShip
31 Aug 22
10-Q
2022 Q2
Quarterly report
15 Aug 22
8-K
VerifyMe Reports Significant Revenue Growth in Second
15 Aug 22
424B3
Prospectus supplement
7 Jul 22
EFFECT
Notice of effectiveness
7 Jul 22
8-K
VerifyMe Announces SPAC Liquidation and Initiates New Share Repurchase Program
1 Jul 22
CORRESP
Correspondence with SEC
1 Jul 22
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 3.69 mm | 3.69 mm | 3.69 mm | 3.69 mm | 3.69 mm | 3.69 mm |
| Cash burn (monthly) | 19.00 k | 578.00 k | 291.67 k | 54.00 k | 14.33 k | 296.17 k |
| Cash used (since last report) | 74.27 k | 2.26 mm | 1.14 mm | 211.09 k | 56.03 k | 1.16 mm |
| Cash remaining | 3.62 mm | 1.43 mm | 2.55 mm | 3.48 mm | 3.64 mm | 2.54 mm |
| Runway (months of cash) | 190.5 | 2.5 | 8.8 | 64.5 | 253.8 | 8.6 |
Institutional ownership, Q3 2022
6.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 18 |
| Opened positions | 8 |
| Closed positions | 3 |
| Increased positions | 2 |
| Reduced positions | 4 |
| 13F shares | Current |
|---|---|
| Total value | 678.00 k |
| Total shares | 623.16 k |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 190.06 k | $243.00 k |
| SFE Investment Counsel | 120.00 k | $154.00 k |
| CVI | 67.87 k | $17.00 k |
| Renaissance Technologies | 44.40 k | $57.00 k |
| Warberg Asset Management | 38.64 k | $10.00 k |
| Geode Capital Management | 33.08 k | $42.00 k |
| LPL Financial | 32.83 k | $42.00 k |
| Citadel Advisors | 20.76 k | $27.00 k |
| SOA Wealth Advisors | 15.80 k | $20.00 k |
| HighTower Advisors | 15.05 k | $20.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Jan 23 | Stedham Adam H | Common Stock, par value $0.001 | Option exercise | Acquire M | No | No | 0 | 28,592 | 0.00 | 46,587 |
| 1 Jan 23 | Stedham Adam H | RSU Common Stock, par value $0.001 | Option exercise | Dispose M | No | No | 0 | 28,592 | 0.00 | 0 |
| 1 Jan 23 | Scott N Greenberg | Common Stock, par value $0.001 | Option exercise | Acquire M | No | No | 0 | 39,308 | 0.00 | 124,065 |
| 1 Jan 23 | Scott N Greenberg | RSU Common Stock, par value $0.001 | Option exercise | Dispose M | No | No | 0 | 39,308 | 0.00 | 0 |
| 1 Jan 23 | Goldberg Howard | Common Stock, par value $0.001 | Option exercise | Acquire M | No | No | 0 | 39,308 | 0.00 | 193,856 |
| 1 Jan 23 | Goldberg Howard | RSU Common Stock, par value $0.001 | Option exercise | Dispose M | No | No | 0 | 39,308 | 0.00 | 0 |
| 1 Jan 23 | Arthur B Laffer | Common Stock, par value $0.001 | Option exercise | Acquire M | No | No | 0 | 39,308 | 0.00 | 154,710 |
| 1 Jan 23 | Arthur B Laffer | RSU Common Stock, par value $0.001 | Option exercise | Dispose M | No | No | 0 | 39,308 | 0.00 | 0 |
| 1 Jan 23 | Marshall S Geller | Common Stock, par value $0.001 | Option exercise | Acquire M | No | No | 0 | 39,308 | 0.00 | 120,310 |
| 1 Jan 23 | Marshall S Geller | RSU Common Stock, par value $0.001 | Option exercise | Dispose M | No | No | 0 | 39,308 | 0.00 | 0 |
News
12 Information Technology Stocks Moving In Friday's Intraday Session
13 Jan 23
Why Broadwind Shares Are Trading Higher By 85%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
11 Jan 23
12 Information Technology Stocks Moving In Wednesday's Intraday Session
11 Jan 23
Looking Into VerifyMe's Return On Capital Employed
20 Dec 22
VerifyMe, HP Indigo Ltd. Enter Into 5-Year Extension And Expansion Of Agreement
1 Dec 22
Press releases
VerifyMe Signs Mutual Sales Referral Agreement with The Agrarian Group
12 Jan 23
VerifyMe Corporate Update
15 Dec 22
VerifyMe and HP Indigo Ltd. enter into Five-Year Extension and Expansion of Agreement
1 Dec 22
VerifyMe Reports Third Quarter 2022 Financial Results and Positive Outlook
10 Nov 22
VerifyMe to Report Third Quarter 2022 Financial Results on November 10, 2022
8 Nov 22