VerifyMe (NASDAQ:VRME) reported its Q1 earnings results on Thursday, May 11, 2023 at 08:00 AM.
Here’s what investors need to know about the announcement.
Earnings
VerifyMe missed estimated earnings by 22.22%, reporting an EPS of $-0.11 versus an estimate of $-0.09.
Revenue was up $5.50 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 3.09% drop in the share price the next day.
Here’s a look at VerifyMe’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.03 | -0.15 | -0.51 | -0.14 |
| EPS Actual | 0.01 | -0.06 | -1.53 | -0.19 |
| Revenue Estimate | 8.35M | 5.25M | 3.00M | 200K |
| Revenue Actual | 9.70M | 5.21M | 4.50M | 161K |
To track all earnings releases for VerifyMe visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
