VerifyMe Inc reports results for the quarter ended December 31 - Earnings Summary

Reuters
06 Mar
<a href="https://laohu8.com/S/VRMEW">VerifyMe Inc</a> reports results for the quarter ended December 31 - Earnings Summary
  • VerifyMe Inc VRME.OQ reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of two analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -7 cents tozero cents per share.

  • Revenue fell 12.1% to $7.66 million from a year ago; analysts expected $8.21 million.

  • VerifyMe Inc's reported EPS for the quarter was a loss of 5 cents​.

  • The company reported a quarterly loss of $501 thousand.

  • VerifyMe Inc shares had fallen by 29.8% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts was unchanged in the last three months.​

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

RECOMMENDATIONS

  • 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."

  • The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for VerifyMe Inc is $2.25

This summary was machine generated from LSEG data March 6 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Dec. 31 2024

-0.03

-0.05

Missed

Sep. 30 2024

-0.10

-0.23

Missed

Jun. 30 2024

-0.09

-0.03

Beat

Mar. 31 2024

-0.10

-0.05

Beat

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