Earnings ·
VerifyMe, Inc. reported financial results for the second quarter ended June 30, 2026
VRMEOpenWorld, Inc.
VerifyMe, Inc. reported financial results for the second quarter ended June 30, 2026. Quarterly revenue declined 58% to $1.9 million from $4.5 million in Q2 2025, primarily due to the loss of ProActive services revenue following a carrier partnership termination. Gross profit fell to $1.0 million with an improved margin of 54%, compared to $1.6 million at 35% in the prior year period. The company reported a net loss of $0.5 million, or $0.04 per diluted share, versus a $0.3 million loss previously. Adjusted EBITDA was flat at $0.0 million. As of June 30, 2026, the company held $5.1 million in cash and $4.7 million in working capital. VerifyMe operates in the logistics industry, providing time-sensitive shipping solutions and brand protection services.