Earnings call transcript Q4 2022

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Operator

Good morning, and welcome to the VerifyMe Year-End 2022 Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded today.

I would now like to turn the conference over to Nancy Meyers, Vice President and Investor Relations. ahead. go Please

Nancy Meyers

and our everyone for us joining Good call thank presentation. for earnings today morning, you

On today Chief XXXX Executive Vice you Chairman; Gezerlis, the an CEO and President, Keith Interim call CFO; our Strategy, Goldstein we Sales have update and President to Kole, on results. and Curt Operating Global Margaret Greenberg, Officer; Executive Scott give and quarter fourth

we presentation, management will our Q&A have Following session. a

report Today's to like should statements your attention and note questions the from to due forward-looking quarterly reports three. Form Form projected actual and including statements XX-K be results It XX-Q. of factors, bring on to on could caption on include slide differ those annual described I presentation on that the those statements. of on answers a the the factors materially would forward-looking forward-looking understood to and under risk number company's the

over remarks. Greenberg turn I Scott for to now opening some the will call

Scott Greenberg

Thank fourth you, Nancy. Thanks XXXX earnings the of quarter for participating on call.

with individually of growth. for that PeriShip, are important balance company's strong VerifyMe, forecasts and company combined Codes demonstrate the and unique fourth and XXXX, and adjusted brands positive and believe the that to is a believe the of to a The being the the strategy company results at opportunities presentations We us believe leads the quarter positive pursued a the future EBITDA year organically company's further outlook. In XXXX will revenue for goal Trust today is an inflection enhance platform. acquisitions our our the both platform, sheet. future XXXX, through point, and the to increased We the for acquisitions completed. both integrate developing I

team to success. That that's said, management his like Patrick together I'd Board CEO. believe of past in contributions of being addition, an poised I we experienced being for the and put Directors company for have the White In thank

please. Next slide

and bit equity the little snapshot. about a Just financial

on about which $X.XX outstanding cap million. $XX roughly is is today price in and X.X sales million, market a closing us stock Our our that's

of as balance, million balance our holding socially and six the $X.X months. cash XXst June in been cash our up consistent equal has December roughly was so XXXX staying that's Our and with

million is positive And debt with as PNC XXXX. on normal $X.X December a bank debt is note, of XX, Bank. our Our debt

million, revenues is Our both grow for ownership revenue we by you And our beneficial inside and XX%. acquisitions fiscal XXXX. on, through XXXX projection as $XX.X later is see and XX% approximately organically in our over should

being the that to Goldstein. With said, call over now I'd to turn Keith like

Keith Goldstein

Scott. you, Thank Great.

Chief and It's year. for with me, speak you For don't know Operating about for years, and -- a Operating half to it's those today pleasure of been a Chief VerifyMe the pleasure I've rather approximately just today over VerifyMe. who Officer President and the Officer you four of a a

As Scott shipments. a fourth had quarter The quarter quarter revenue holiday is record to at mentioned, million. for the with PeriShip we due fourth $X.X coming historically strongest in

a continues as logistics strong In pipeline for with our protection and addition, have we our of to well. the PeriShip business be April, sales brand information opportunity sales the pipeline acquisition business now last robust, opportunity in

every from the unit of more the the chain Last trust journey the the through for the manufacturer the delivery. acquisition of to We benefits we Trust in supply PeriShip's share move data the from information we a connecting each Codes slide. solutions next to chain. in way brand item based now security of point traceability a the company. offering protection view acquired is software unified Trust retailing, Zealand the Combining software-as-a-service as brand Trust a have with company. of Trust invisibility of month, the to logistics in transparency, acquisition provide end-to-end Codes, Codes we I'll Codes New Codes platform, a that all to space, us proof supply products level with allows the when Trust about assets the for the and strategic consumer and store

We a strategic extension Indigo. agreement entered partner, our with our on HP five-year into

our HP that to and anyone may Indigo. sell which the solutions. offers for Indigo For to sales The financial presses, all our provide it incentives presses. brand convert inc. new digital They HP and new be for extension an five-year Inc. Indigo promote printing we market to as quality covert also Indigo VerifyMe VerifyMe, of manufacturers We them pigment offset with HP protection into

the added for company, marketing a campaign and PeriShip our to as services media traction. starting social it's first gain We've to

few With messaging more developed will a of unified customers QX. that also and in Trust minutes. to mobile the security We've Kole, ability our initiatives a supply be promoting of Executive provide details addition app to around in out President trust. rolling will the marketing Codes, provide PeriShip and our Curt we'll Vice sales company chain begin on

a has continue controls. achievement for the size company is strong and a Lastly, grow us off build to and internal our as great effective of company the organically we demonstrated This to puts very company in a position inorganically.

please. slide Next

company minutes I'm resulting benefits few benefits Codes it. from the and the speak going acquisition. to Trust key as Trust see earlier, I'm from spend acquisition strategic that sharing going mentioned And is now the a So, for Codes the to I about we the

our to Until solution made It covert brand development The it VerifyMe a a sold control reduces software We minimal our modify protection offering be with third-party. go-to-market It and more reached us and the cloud-based continually have when investment. us build solution allowed a we was the authentication it growth greater where solution our own that white-labeled with point the Trust to the we customer in can a brand needed. and specific it enhance and to increases our With competitive our sense acquisition, from allows cycle in as requirements. a costs, solution Codes best-in-class own. cycle. developers, for margins, product is flexibility also software

products platform, are customers million field in XXX more proven, We scans XXX and the for consider in the Most of food highly Trust marked over countries. with having be companies XXX than nutrition current PeriShip's in Codes language The solutions, product interoperability programming scalable it to to space, a core software system product development base resource same the sharing. customer is allowing platform a for competencies. development tools and PeriShip and natural and uses as tie-in the which

acquisition gives the and Lastly, peak China. Australasia a foothold us a into into

mile a delivery, covert unique truly security all us the to of So, Codes the combination offering. supply solution to traceability and manufacturing, VerifyMe's level the unit allows Trust logistics reiterate, of last to logistics point PeriShip's provide and way software chain the end-to-end from product trust information creating proof of solutions,

to business it discuss now and over to by to turn market initiatives I'll Kole our Curt drive revenue new sector.

Curt Kole

to going spend in few is future Kole initiatives thank that some things to minutes going that Keith. the new we I'm business. you, This the to of about and embarked on we've believe drive do of a is the we're going talking post-acquisition, Curt some

as we have all inclusive We the selling PeriShip, are out so embarked brand as that enterprise, all Trust rebranding, acquisition not way messaging, that the website, enthusiastic well Codes. we've acquisition the a of propositions blended aspects logo, about recent encompasses builds that are on including previously. services. at the total We looking of in the believe that to VerifyMe, And a we

media, We've search, paid embarked and include scale marketing development. email a full content marketing on digital to social content campaign

this going we the that efforts that sales our us the to is inform we believe in enhance to going our have embarked addition originally, is market to on a space. way to to and that In position opportunity unique

believe business. our info Keith handle As that understand it, folks who how opportunity the basis, that, and logistics and we data, are We aligned we mentioned, data. on who associated the value and data to about given We product. be increases translate organization fortunate Scott to in about and and into a that new it's information that enough of about We're value manage the revenues. with that, that daily understand new with in no

We lead wider a organization engage cast the also third-party generation net. to

organization, touching there logistics some way deliver perspective. make want Given folks have the that positioned unique for and we're a of that unique a the out what we in our and new addition in need of services we the could all we're nature we believe our to from sure of

mentioned Keith mobile the app.

recent we most We've the customer very can shipments, customer's in to open of nature of the their shipments robust directly. to their We device the always us a to handheld understand hand. of developments they without transit so are status our putting reach going believe to the or of out a all One tools their translate portal. that having had in is into that computer

a great had and a to a their interest to are we before come Codes, with ahead. Codes them the because We're the brings to that already. meeting of PeriShip currently skillset. in And up that to collaboration working They're of in We're the next look the not to us They We that this upselling forward PeriShip we result opportunity them. presented able table. week engage for uniquely, The We've serialization table single enthusiastic. VerifyMe, the have with excited. business opportunities that VerifyMe, vast the Trust and the to with are with does address. with aspects opened year customer we have here as areas been forward tech Trust States look

portion pie continue segment that of not please. will shows that slide believe much to We a segment change Next is our that a previously. business, largest grow. This from the of

health the health and technology to and you Codes term to huge the deliver. beauty, in that personal choose Trust opportunities also care, We it, they regard with believe however presents that

to of forward our result this that business the expect small I we a able We that acquisition, opportunity this are a have week we as grow is we business, which mentioned scheduled. meetings in apparel segment to that pursuing and the as of look

pass will your appreciate with And I time and and interests. that, baton I the your

Keith Goldstein

Curt. Thanks

which better projecting the we've be that quickly outlook, to we slightly are XXXX million guidance the revenue Just XXXX, previously for provided. at is or to provide better $XX than

be XX%. margin better, gross we XXXX or are the expect EBITDA. at And adjusted positive consistent was a with Scott to as mentioned projecting had which We

detail. our to I'll in that, Margaret over turn upon with presentation CFO, the And touch financials the Gezerlis, to greater

Margaret Gezerlis

you Thanks Keith. Good for us. joining morning, everyone. Thank

showing you year. and Keith we continue have upcoming fiscal from results a record and for As outlook the heard positive Scott

proactive QX Gross in between [technical difficulty]. and Our million, Lower was product increase revenue. profit third mix revenue shift over premium seasonal an margin of margin was in our quarter the XX% revenue line the with a gross a $X.X quarter a $X.X and of million net XXXX. streams. in to net of the in income net million QX XXXX $X loss difficulty] in quarter loss of We [technical fourth had XXXX, third compared was

see Next this improvement slide our quarter-over-quarter. slide, results. We you remain of please. consistent the can In financial

quarter, compared to when $X.X EBITDA XXX% quarter or million. in $X.X a EBITDA Our approximately million an adjusted the the is increase loss fourth positive $X.X third million of adjusted

Our business is performance. quarter showing with seasonal fourth strongest the

expect do fiscal we positive however, comparison, as mentioned in outlook XXXX performing previously. to lower a is quarter first Our year

Next on PeriShip revenue next XXnd, increase illustrates slide profit which includes dramatic slide business The in of April please. XXXX. the starting the XXXX, in and the acquisition gross

or improve We expect year our gross to for profit maintain the margin XXXX. fiscal

Next slide please.

December December and a has XXst, Our million in of a we of repayment cash decrease debt cash in difficulty] of XXXX. XXst, XXXX, PeriShip million QX of Since is from on initial as $X.X of outlay April, cash the our of $X.X business $X million out required acquisition steady. XXXX remained million $X.X an [technical million, the $X.X

Scott If to as look mentioned. you previously comparison September at

PNC million, intangible of the with goodwill and a As acquisition of capital and $X.X PeriShip related we $XX.X working of term have $X four-year assets million. of loan for million to year-end,

revolving million $X a XXst, which has credit as amount PNC, no of have December also withdrawn of XXXX. of line been with We

acquisitions We the sufficient Trust starts to business Codes to to as cash to allows a solution comprehensive assets foreseeable future QX, We the cover customers generate for the operations of that results. improve XXXX our we cash. believe to our our have believe continue will us provide that in our

looking business increase the We always value. opportunities to grow continue our shareholders' are for to organically, but

questions With you for like thank floor that, might the to I'd participation to open and you your any have.

Operator

We will now [Operator Instructions] question-and-answer begin session. the

come Maxim go here, Group. from Aarde question Vander with Please our ahead. And we'll Jack first

Jack Vander Aarde

I guide. Scott, which questions. quarter Good revenue. morning update. bulk the seemed the strong ahead strong of growth up PeriShip. my fourth core I of for Great. year-over-year VerifyMe that XX% your Obviously, business the in I the Okay. be announcement to think And with Thank finish see was good the of that XXXX was preliminary appreciate to XX%, saw guys. taking

Scott Greenberg

Yes.

Jack Vander Aarde

How would does any So, just new comments mind, million of business? in? how How in -- that the still you gave in guidance $XX XXXX Is core be helpful? revenue. factor for VerifyMe it we or factor XX% you for do clip that at your do

Scott Greenberg

VerifyMe the is on mean, XX%. is incremental the on over I Yes. profit the business gross twofold. positive One is typically

do again the an it into the expect to million. to So, business. ability in the for as $XX of excess guidance consideration business excess We And has of million raise grow an of high that taken XX%. VerifyMe VerifyMe, our $XX was margin to improve from excess we

answer and So, the to is see positive the good features news. answer additions is of we we've the This that areas. never is to progress to is additional yes. all the feel to And The generate revenue. the company in technology a technology your and question the the made you why and apps make starting the had mobile those significant before, we're could things

having Trust are technology, we PeriShip for optimistic XXXX. both revenue Codes, all and So, in VerifyMe technology, organic growth

Jack Vander Aarde

at true a any XXXX new growth there of to kind But going acquisition you're I is the not XXXX close integration? get a what million normalized for once the settles think since of revenue Great. and Okay. net by forward. a just rate better to $XX sort or guess dust then, sense guidance you you beyond I the expect know for And trying a I'm means. your providing did growth back going April, in least, XXXX, PeriShip just circling -- guidance of And

Scott Greenberg

year. Well I -- that's inflection call yeah, why an it

comfortable a we will, and continue expect I we'll we have on year, We in get significant respect. beyond we inflection we on growth will growth to believe succeed rate we to feel continued what continue. order which growth, believe growth, the that the in But growth, going to doing, this we're Mike, have and execute we and to but execute. that XXXX. to revenue growth But this have organic will is be significant year,

Jack Vander Aarde

thought you this hop more the for Okay. over one queue. Great. I White great get and back me, as Patrick to Patrick And guys I'll White. helping after then just Scott, CEO did a maybe Interim But took you in point. obviously job

kudos him So, for to that.

kind Just search of or looking process CEO maybe you're what an or update new on your, for. CEO, expecting

Scott Greenberg

right have executing. execute. goals want the in did what all we we wanted any to XXXX. achieving distractions is And have place from Well, now, focus the We to people key on believe team we not our in

we be believed that Interim I would Executive best since was on all already to So, me Chairman, CEO. as the for approach continue currently

that, is has it. but we rush I a not and disrupt the believe will So, best the management don't making any there's the I believe the number in one goal clear changes, And way reorganized to we but the everybody agenda, focus to approach evaluate Board company. was team, the and thought it way

Jack Vander Aarde

Understood.

Okay. That's for the queue. the outlook it I'll increased on strong and results. in back Congrats me. hop

Scott Greenberg

Thank right. you. All

Operator

will Our Research. from Barrington question Mike go Petusky Please come next with ahead.

Michael Petusky

Thanks good question. morning. for Hey, the

it did obviously, Or that did -- have, question part and versus understand one previous this, missed seen QX? if shrink? But I the and I guess, I can I So, I the QX. and you give it, Thanks. QX the PeriShip previous grow haven't wasn't in PeriShip business of actually in

Scott Greenberg

Margaret?

Margaret Gezerlis

Yeah.

full and the related So, in some than business lost, that came year, lower in in primarily PeriShip, that prior PeriShip Alaska. generally year it for was was to the

actually we had was an QX it steady a in percentage was total -- of QX, record the revenue. the So, it remained a because higher and

XX%. So, the it same at this We to came last but this landed percentage roughly year of QX the were XX%. expecting kind year,

So, it QX. very was a strong

Scott Greenberg

was QX looking to yeah, is, it but last -- relatively what so What But at QX happened compared year. flat …

Michael Petusky

just you me that? give compare I Can to X.X? it was But so number the can

Scott Greenberg

Yeah. number you of QX PeriShip? in year Margaret, the the prior do for have

Margaret Gezerlis

Yeah.

million. around the So, number $X.X was

Michael Petusky

Okay.

Margaret Gezerlis

quarter this was then million. And $X.X

Scott Greenberg

last was we've it, it at slightly year, even a and good. accounts same prospects looking the of lot basically look from added down, So, the though

accounts a lot of expect So, added. were organic have to growth again, we

all place. saw put things new we into the You

optimistic So, growth our that start domain. under will organic having we're back PeriShip

Michael Petusky

have Sorry, misheard. I X.X QX? may the Was for ago year it or X.X

Margaret Gezerlis

X.X.

Michael Petusky

getting that's Sorry, still garbled. X.X, Scott?

Scott Greenberg

… said Margaret, she I think

Margaret Gezerlis

X.X.

Scott Greenberg

X.X.

Michael Petusky

Okay.

So, it it didn't the X.X grow because comp. was did grow, I'm or it is sorry

Okay. Got it.

Scott Greenberg

revenue PeriShip, the because overall Our grew, of VerifyMe business. but

but to technology. it in attributable growth of fourth VerifyMe have the the primarily the huge So, revenue organic we quarter, growth did was

Michael Petusky

Okay. Sure.

the think you appreciate like When you assuming -- will a you quarter. maybe wondering over how have the talk. of just that's guys next next by to slide, of if look that at look sort sector sort which going market the sort I if for So, revenue you what about of bigger three one year, was I'm over a percentage is healthcare, the years, could but shift? I

Scott Greenberg

Well, switch I slightly, revenue on will means unit's that base, percentages think but be which growing. the it'll an increasing

lot looking us to pharmaceutical. overall products. things, We're to way brings say would expand I a like So, formulas Codes baby in also our that and Trust type the those of of

and have slightly other there's beverage go while should but skiing. bigger a that and now the percentages, much revenue So, industries, such we larger as great healthcare larger, to big they'll say much on a food percentage I hopefully up would the be

Michael Petusky

to how was items, or then negative, there the revenue next or the unusual And -- to quarter? as model Okay. about think in actual that just unusual anything PeriShip I result, QX Like, was year? shifting there any would've either margins impacted positive

Scott Greenberg

thing Well, revenue quarter. the happen the in does that high one is

have We for fourth called and does. And revenue not proactive. is the And throughs. pass business The quarter, lot have And Christmas. proactive. the the the does premium basically of is in percentage higher premium shipped a what's proactive

our in due gross the of mix So, it's any due to line of QX, to deliverables. margin product change just not our in

Michael Petusky

Okay. year's repeat next QX? But that in will at least

Scott Greenberg

margin. But high adjustments or business product the of raised margin. QX than impacted QX margin nothing VerifyMe normal the But is all that than mix. there's nothing well, other by adjustments That thing that saying overall one-time the or mix was other business which in was in no obviously the that's as that it unusual in the repeat. the in There only would I'm probably the changed unusual that offset business

Michael Petusky

is a I show is, likely positive year's there EBITDA? Are last there to to adjusted quarter? a in promise Is you adjusted positive quarter EBITDA question beyond next likely find -- Okay. guys be there quarter fourth to and

Scott Greenberg

Well, QX as and look the and adjust believe, $XXX,XXX, I growth, one answer mean, to quarter. is negative that were at close I being they positive it for and you well, QX you QX, and if QX right? were they

to So, probably of question quarter is not a not it's to out a of -- is positive at all. obviously $XXX,XXX negative question actually go a from out

Michael Petusky

right. All I Okay. you Thank much. it. so appreciate

Scott Greenberg

Thank you. right. All

Operator

Instructions] [Operator

a Daniel private Our next question will go ahead. [ph], come Please Orla investor. from

Scott Greenberg

Daniel. Yes,

so Just two but best -- I'm to trying so two you get questions, try we're ahead. to know you limiting to go questions.

Unidentified Analyst

what Sir, Okay. operating to guiding margin? you are on

Scott Greenberg

did We we didn't EBITDA that margin. And gross basically guided as adjusted we expected did year. margin We guide the What the same or operating is our for to be the we say prior than overall better a year. positive.

So, to margin overall we gross expect our increase.

We operating the positive, guidance for that. be to EBITDA operating a did value adjusted profit expect dollar not but as We get obviously our margin. on

Unidentified Analyst

effectuating, see cost the produced recall in What branding at years, not that business can rededicating the proposing? VerifyMe, a capital you which mix. brand so for source marketing? model. that Okay. given the obviously the is particularly the I changing expected -- having new being proposition not several Is Salesforce You're higher current brand new given of reductions that business last the candidly, can the much the you're in we growth look Changing

Scott Greenberg

I What they in of a at have it, each higher we're because One to -- that the things. look now three marketing then do brands. incremental some and strategy the a is of realize, you we are the before, now to person. on we're revenue believe on if things saying profit doing that we're sales tried we this management The Trust overall important. is, Codes That being brand still is few have and using said, base, team we we a Well, mix and happen. have thing the

As Curt the discussed, product. and Keith improving

a of were far shows, show on time seafood done we've lot relying We the And at sales we So, the we're our trade product. reintroducing as just product. world. a lot spending at across what and distributors a as are is improving And well. as the marketing, more

the at are out our of with division One Codes Trust Codes. helping out as three Trust VerifyMe helping salespeople also with

revenue time to We sales reallocated -- think being our going and involved on with next other employed basis aspect projects. overall, But them the it we get marketing not reducing year. increased So, into XXXX. expense successful sales of we're employment and

Unidentified Analyst

Okay.

question aggressively -- HP is that develop, legacy half a mean, a year? the as I think a that, you legacy relationship how to as then, course more with Salesforce do do of see just unfolding So, a as correlated self-sufficient HP opportunity? over the you and on

Scott Greenberg

you Well, that want take hey, Keith, to one?

Keith Goldstein

Sure.

the their incentives to not with new are with and did more their promote VerifyMe sales agreement teams the solution before architects that exist HP, So, for solutions. now there proactively

the overplay up, with And is be to happening. the around go a with it business. completely -- it COVID, HP to trade not Also, going now Indigo impacts impact to still to opened that's starting are said, of So had we global that significant that everything on shows world. the

So, I HP sales sales things spur grow solution the additional think those help and through two to Indigo team will architects. and global

Scott Greenberg

you, Keith. Thank

Keith Goldstein

Yes.

Scott Greenberg

switch to at why Thanks could Moderator, we participate. don't point? this everyone So, the next Daniel. caller

Operator

will next ahead. Please Barnes Russ with go [ph]. question come EPS Our from

Unidentified Analyst

Thank Hello, folks. taking Good you my call. for morning.

the this these by first about that as know other that an hasn't can the don't from it what just know I it particularly When world. I to companies. talk VerifyMe. about up thing Norman, I I can I LinkedIn I what make it's surprised do every investor? grow? thing individual But So, there is an individual fantastic. country and product, I mean, in I scooped company, learned do fantastic help, up been as

-- a What I a government dollars I putting to mark but the hundred a increase out after I company we on DC terms in said, great, go thing sales? bill? here do individual. onto can I'm Washington this of And own help Can conditioning air squeeze can it's a heating like marketplace. think bill? in the dollar one I your into

Scott Greenberg

Well, Russ, thanks for the question.

is lot hope Three long we've know been the to at have long But you history while road. I to I help are where was if features ago. is years first and think than it's ago, today, the it three And thing looked was two we a and there enhanced have ourselves product understand execute we much years ourselves. the much more with more a we or but seeing you're these put now. solid that the prospects, in order needed many think was nice together have and revenue with foundation. successful. a company ago, be the not of all And I it's up features now to why I growth. a the years It to needed things company that's developing level you a promised

say at ability help, get to have, any levels, you that would have, has relationships have When introductions could anybody customers what to relationships the a up greatly shareholders be highest set appreciated. we to demonstrate the we meeting

Unidentified Analyst

Have day. a Okay. much. Thank you very good

Scott Greenberg

Thank you. question. next Moderate, Thank you.

Operator

Our next Jeff Porter from with will go Please [ph]. question Porter ahead. come Capital

Unidentified Analyst

of we same give a of, up? stock price to Just a Could you stock how get guys. those like and is to pulling the time? of options get employee over help compensation structure, what the percentage employees vest sense in us sort from units the team are sense all Hi, of compensation motivated here, or restricted together and are

Scott Greenberg

Jeff. you, Thank

employees we've One that the we of things a and of team former Strategies, to two the similar with company. year that in my align stockholders the company, the in which had the last in executive is basically approach put was place GP or

pulled any taken of significant out Board in have working compensation type Directors So, capital. or and the cash all have of restricted their the not of historically stock company,

and aligned the is Board investors. with -- the So,

the get to time. for company. we is for what of the only The and shares shares, year, executive XX% in company the but in the shares, this hits a This period. team, let's place shareholders -- including levels approve, A my vests of be put over your XX% of day, team. roughly the but basically -- their be Last of former significant the And way it when the is has in that the stock used say, that base earn executive of order aligned. has it and that -- stock they in And we price the executive price period and is think grants, are not investors, these percent over, can't stock XX-day a team align to to and the the that's got vesting the so time. myself, a increase certain I of restricted plan earn to one between shareholders, employees the second people is type salary

Unidentified Analyst

to me. Thanks. Makes sense

Scott Greenberg

at Moderator, have any we other point? do questions this

Operator

remaining Scott this are And closing conclude session. over time the like to at for remarks. questions to no at There time. the this back we turn any I'd Greenberg will question-and-answer conference

Scott Greenberg

Thank moderator. participating. for Thanks you,

starting company As revenue see, the which a to have with today you you can achieve is finally with associated margin it.

You is management a management from company team. you that has our a heard believe -- have today, we strong

so And you a have that feel in Sarbanes-Oxley You small confident compliance, could company accomplishment. that. for a company, an that's

And our future investors. was. that road forward sheet to it the down we with look compared balance has to where company a have a strong You the

for So, thank participating. you

Operator

has very today's concluded. conference presentation. you Thank now The for attending much

disconnect may your You lines. now

VerifyMe (VRME) 28 Mar 232022 Q4 Earnings call transcript