VerifyMe (NASDAQ:VRME) Announces Quarterly Earnings Results, Misses Estimates By $1.13 EPS

VerifyMe (NASDAQ:VRME) released its quarterly earnings data on Thursday. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($1.13), FiscalAI reports. The firm had revenue of $7.43 million during the quarter, compared to analysts’ expectations of $3.52 million. VerifyMe had a negative net margin of 47.08% and a negative return on equity of 17.16%.

VerifyMe Trading Down 1.0%

Shares of NASDAQ:VRME traded down $0.09 on Thursday, hitting $8.89. The company had a trading volume of 101,060 shares, compared to its average volume of 812,426. The company has a market cap of $11.70 million, a PE ratio of -2.22 and a beta of 0.32. VerifyMe has a 52-week low of $5.90 and a 52-week high of $19.50. The business has a 50 day moving average of $8.58 and a 200 day moving average of $8.11.

VerifyMe Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 29th were given a $0.15 dividend. The ex-dividend date was Tuesday, September 29th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of VerifyMe in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, VerifyMe has a consensus rating of “Hold” and a consensus target price of $15.00.

About VerifyMe

VerifyMe, Inc. provides brand protection, product authentication, supply-chain traceability and consumer-engagement solutions. Its services are designed to help brand owners identify counterfeit or diverted products, monitor product movement through distribution channels and connect consumers with product information through digitally enabled packaging and labeling. The company’s solutions combine serialized identifiers, authentication technologies, data analytics and mobile or web-based engagement tools.