VerifyMe Q2 revenue falls 58% on carrier partner agreement termination

OpenWorld

14/08/2026 13:13

Overview
US logistics and brand protection provider's Q2 revenue fell 58% yr/yr due to lost carrier partner
Gross margin improved to 54% from 35% last yr, driven by service mix change
Company posted higher net loss, mainly due to increased legal expenses for proposed merger

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
CARRIER PARTNER LOSS - Revenue decline was primarily due to the loss of ProActive services revenue after the September 2025 termination of the prior carrier partner agreement
SERVICE MIX SHIFT - Gross margin improvement attributed to the mix of ProActive and Premium services provided during the quarter
MERGER-RELATED LEGAL EXPENSES - Higher operating loss was mainly due to increased legal expenses associated with the proposed merger

Company press release: ID:nBw7rwkqPa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.90 mln
 
Q2 Loss Per Share
 
$0.04
 
Q2 Net Loss
 
$500,000
 
Q2 Adjusted EBITDA
 
$0
 
Q2 Gross Margin
 
54.00%
 

Reuters Recommended Reads
Aug 13 - Digimarc Q2 revenue falls; loss widens
Aug 13 - Intellicheck Q2 revenue beats estimates on customer diversification
Aug 14 - Innovative Food Holdings Q2 revenue falls on digital partner transition, customer losses

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)