VerifyMe(VRME) - 2023 Q4 - Annual Results
VRMEVerifyMe(VRME)2024-03-21 20:05

Exhibit 99.1 VerifyMe Reports Full Year and Fourth Quarter 2023 Financial Results · Cash of 3.1millionasofDecember31,2023(withcashflowprovidedbyoperationsof3.1 million as of December 31, 2023 (with cash flow provided by operations of 0.8 million in Q4 2023 and 0.2millionintheyearendedDecember31,2023)2023annualrevenueof0.2 million in the year ended December 31, 2023) · 2023 annual revenue of 25.3 million, compared to 19.6millionin2022,anincreaseof2919.6 million in 2022, an increase of 29%; with fourth quarter revenue of 8.7 million in Q4 2023, compared to 9.7millioninQ420222023annualgrossprofitof9.7 million in Q4 2022 · 2023 annual gross profit of 9.0 million or 36%, compared to $6.5 million ...