VerifyMe Reports Q1 2025 Revenue Decline

VerifyMe ( (VRME) ) just unveiled an announcement.

VerifyMe, Inc. announced its financial results for the first quarter of 2025, reporting a decrease in revenue to $4.5 million from $5.8 million in the same period of 2024, largely due to a discontinued contract with a customer in its Premium services. Despite the revenue decline, the company maintained a net loss of $0.6 million, consistent with the previous year, and reported a cash balance of $5.7 million as of March 31, 2025. The company is focusing on technical improvements and sales and marketing enhancements to create shareholder value amidst challenging macroeconomic conditions.

The most recent analyst rating on (VRME) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on VerifyMe stock, see the VRME Stock Forecast page.

Spark’s Take on VRME Stock

According to Spark, TipRanks’ AI Analyst, VRME is a Neutral.

VerifyMe’s stock score reflects its financial struggles, marked by consistent net losses and negative margins. While there are some positive developments, such as improved gross margins and debt reduction, these are overshadowed by revenue declines and operational challenges. The technical analysis indicates a neutral trend, and the stock’s valuation remains unattractive due to its negative P/E ratio. The mixed sentiment from the earnings call, coupled with the absence of forward guidance, adds to the uncertainty surrounding the company’s future prospects.

To see Spark’s full report on VRME stock, click here.

More about VerifyMe

VerifyMe, Inc. (NASDAQ: VRME) provides specialized logistics for time and temperature sensitive products, as well as brand protection and enhancement solutions.

Average Trading Volume: 264,636

Technical Sentiment Signal: Strong Sell

Current Market Cap: $10.11M

For detailed information about VRME stock, go to TipRanks’ Stock Analysis page.