VerifyMe Inc reports results for the quarter ended June

• VerifyMe Inc VRME reported an adjusted loss of 3 cents per share for the quarter ended June, wider than the same quarter a year ago when the company reported earnings per share of -9 cents. The average expectation of two analysts for the quarter was a loss of 9 cents per share. Wall Street expected results between -13 and -6 cents per share.

• Revenue increased 0.3% year-on-year to $5.35 million; analysts had expected $5.62 million.

• VerifyMe Inc. reported earnings per share for the quarter was 3 cents.

• The company reported a quarterly loss of $346,000.

• VerifyMe Inc. shares fell 25.5% this quarter and are down 6.3% so far this year.

FORECAST CHANGES

• Analysts’ average earnings estimate had fallen by about 18.7% over the past three months.

• In the last 30 days, there have been no revisions to earnings forecasts by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating of the stock is “strong buy”, and the breakdown of recommendations is 2 “strong buy” or “buy”, no “hold”, and no “sell” or “strong sell”.

• The average consensus recommendation for the software peer group is “Buy.”

Wall Street’s median 12-month price target for VerifyMe Inc is $2.85.

This summary was machine-generated from LSEG data as of August 13 at 14:18 UTC. All figures in US dollars unless otherwise stated. (For questions about the data in this report, contact [email protected]. For other questions or feedback, contact [email protected])