VerifyMe Inc reports results for the quarter ended in June - Earnings Summary

VerifyMe

10/08/2023 15:25

* VerifyMe Inc  VRME.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for a loss of 9
cents per share.
    * Revenue rose 18.6% to $5.34 million from a year ago;
analysts
expected $6.00 million. 
    * VerifyMe Inc's reported EPS for the quarter was a loss
of 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 35.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * VerifyMe Inc shares had fallen by 11.6% this quarter and
gained 5.2% so far this year.
    * The company reported a quarterly loss of $882 thousand.
    * Wall Street's median 12-month price target for VerifyMe
Inc is
$3.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 02:25 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.09          -0.09          Met
 Mar. 31 2023      -0.09          -0.17          Missed
 Dec. 31 2022      -0.03          0.01           Beat
 Sep. 30 2022      -0.15          -0.06          Beat