VerifyMe(VRME) - 2023 Q4 - Annual Results
VerifyMe(VRME)2024-03-21 20:05
Exhibit 99.1 VerifyMe Reports Full Year and Fourth Quarter 2023 Financial Results · Cash of $3.1 million as of December 31, 2023 (with cash flow provided by operations of $0.8 million in Q4 2023 and $0.2 million in the year ended December 31, 2023) · 2023 annual revenue of $25.3 million, compared to $19.6 million in 2022, an increase of 29%; with fourth quarter revenue of $8.7 million in Q4 2023, compared to $9.7 million in Q4 2022 · 2023 annual gross profit of $9.0 million or 36%, compared to $6.5 million ...