VerifyMe, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 11, 2022 at 04:03 pm EDT
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VerifyMe, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 0.161 million compared to USD 0.188 million a year ago. Net loss was USD 1.39 million compared to USD 1.22 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.19 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to USD 0.19 a year ago.
VerifyMe, Inc. together with its subsidiaries, PeriShip Global, LLC (PeriShip Global) and Trust Codes Global Limited (Trust Codes Global), is a traceability and customer support services provider using specialized software and process technology. Its segments include Precision Logistics and Authentication. The Precision Logistics and Authentication segments provide specialized logistics for time-and-temperature sensitive products, as well as item level traceability, anti-diversion and anti-counterfeit protection, brand protection and enhancement technology solutions. The Precision Logistics segment specializes in predictive analytics for optimizing delivery of time and temperature- sensitive perishable products. The Precision Logistics segment includes bundled services, such as PeriTrack, Service Center, Pre-Transit Service, Post-Delivery, and Weather/Traffic Service. The Authentication segment specializes in traceability to connect brands with consumers through their products.
VERIFYME, INC. 
