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VerifyMe Q1 FY26 net loss widens to $0.7 million; revenue drops 60% to $1.8 million
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VerifyMe Q1 FY26 net loss widens to $0.7 million; revenue drops 60% to $1.8 million
  • VerifyMe posted a net loss of USD 700,000, or USD 0.05 per diluted share, in Q1 2026, versus a net loss of USD 600,000 a year earlier.
  • Revenue fell 60% to USD 1.8 million from the prior-year quarter.
  • Gross margin widened 21 percentage points to 54% as gross profit slipped 36% to USD 1 million.
  • Cash totaled USD 3.5 million at March 31, 2026; VerifyMe also reported receiving USD 2.1 million on May 11, 2026 from a final payment on a loan made to ZenCredit.
  • CEO Adam Stedham said VerifyMe fully implemented ProActive services, continued shifting ProActive customers to a new strategic shipping partner, and expects to begin offering Premium services with the new partner in Q2 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VerifyMe Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260515873361) on May 15, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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