24/7 Market News Snapshot 06 March, 2025 – VerifyMe, Inc. Common Stock (NASDAQ:VRME)

March 6, 2025

DENVER, Colo., 06 March, 2025 (247marketnews.com) – (NASDAQ:VRME) are discussed in this article.
VerifyMe, Inc. is currently navigating a challenging market phase, with its shares trading at $0.819 during pre-market hours, reflecting a significant 14.24% drop from the previous closing price of $0.955. This downturn is underscored by a trading volume of 2.37 million shares, highlighting a notable increase in investor activity amidst the decline. Analysts point to mounting selling pressure, which may stem from broader market conditions or specific corporate developments. Investors are advised to monitor critical support levels around $0.80, as a break below could lead to further setbacks, while resistance at $0.90 may present cautious buying opportunities.

Amidst these market fluctuations, VerifyMe has announced its financial results for the fourth quarter ending December 31, 2024. The company reported a total revenue of $7.7 million for the quarter, down from $8.7 million in Q4 2023, primarily due to the conclusion of a high-margin Premium services contract. Nonetheless, VerifyMe’s annual revenue for 2024 reached $24.2 million, demonstrating enhanced operational efficiency amid an evolving business landscape.

CEO Adam Stedham highlighted the significance of 2024 as a pivotal year for the company’s strategic realignment, emphasizing investments aimed at bolstering logistics capabilities and improving cash flow. The gross profit for Q4 was reported at $2.4 million, yielding a gross margin of 32%. Additionally, the company reported an adjusted EBITDA of $0.9 million for the year, a substantial rise from the previous year’s figure of $0.4 million, fueled by the successful reduction of outstanding debt and strengthened liquidity, culminating in $2.8 million in cash reserves.

Heading into the upcoming fiscal periods, VerifyMe remains committed to capitalizing on its fortified financial foundation while finalizing a strategic plan designed to enhance shareholder value, projecting a cautiously optimistic outlook for future growth prospects as they seek to solidify their position within the specialized logistics sector.

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