Exhibit 99.1 VerifyMe Reports Improved First Quarter 2024 Financial Results including a Gross Profit increase of 49% · Quarterly revenue of $5.8 million in Q1 2024, compared to$5.7 million in Q1, 2023 · Gross Profit of $2.3 million or 39$1.5 million or 27% in Q1 2023, an increase of 49% · Net loss of ($0.6) million in Q1, 2024, compared to a net loss of ($1.6) million in Q1 2023 · Adjusted EBITDA of $0.1 million in Q1 2024, compared to Adjusted EBITDA loss of ($0.5) million in Q1 ...