VerifyMe: Q1 Earnings Insights

VerifyMe VRME reported its Q1 earnings results on Thursday, May 11, 2023 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

VerifyMe missed estimated earnings by 22.22%, reporting an EPS of $-0.11 versus an estimate of $-0.09.

Revenue was up $5.50 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 3.09% drop in the share price the next day.

Here's a look at VerifyMe's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.03 -0.15 -0.51 -0.14
EPS Actual 0.01 -0.06 -1.53 -0.19
Revenue Estimate 8.35M 5.25M 3.00M 200K
Revenue Actual 9.70M 5.21M 4.50M 161K

To track all earnings releases for VerifyMe visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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