<a href="https://laohu8.com/S/VRMEW">VerifyMe Inc</a>. Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Revenue Decline to $4.5M, Net Loss Narrows to ($0.29M), EPS at ($0.02)
VerifyMe Inc. has announced its financial results for the second quarter of 2025. The company's quarterly consolidated revenue was reported at $4.5 million, a decrease from $5.4 million in the same period in 2024. This decline is primarily attributed to a $0.6 million reduction due to a discontinued contract with a customer in the Premium services segment. The gross profit for Q2 2025 was $1.6 million or 35%, compared to $2.1 million or 39% in Q2 2024. VerifyMe recorded a net loss of $0.29 million in Q2 2025, showing an improvement over the net loss of $0.34 million in Q2 2024. The company's Adjusted EBITDA for the second quarter of 2025 was $0.3 million, up from $0.2 million in Q2 2024. Cash on hand as of June 30, 2025, was $6.1 million, with operations providing $0.7 million in cash during the quarter. The company's CEO, Adam Stedham, highlighted the year-to-date adjusted EBITDA growth over 2024 and emphasized their positive cash generation in Q2 2025. Additionally, VerifyMe announced a new partnership with another major parcel carrier in the US and expressed intentions to pursue strategic acquisitions to complement its services. The company is setting the stage for organic revenue growth in 2026, with expectations for a higher margin profile and continued cash generation.
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