OverviewSuggest Edit

VerifyMe combines patented physical, cyber and biometric security solutions to prevent identity theft, counterfeiting, and fraud.

TypePublic
Founded1999
HQNew York, US
Websiteverifyme.com
Employee Ratings0

Latest Updates

Employees (est.) (Sep 2017)8
Revenue (FY, 2018)$74.9 K(+103%)

Key People/Management at VerifyMe

Patrick White

Patrick White

CEO
Keith Goldstein

Keith Goldstein

COO
Margaret Gezerlis

Margaret Gezerlis

ACCA Chief Financial Officer
Sandy Fliderman

Sandy Fliderman

Chief Technology Officer
Norman Gardner

Norman Gardner

Chairman of the Board & Founder
Carl E. Berg

Carl E. Berg

Director
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VerifyMe Office Locations

VerifyMe has an office in New York
New York, US (HQ)
12 W 21st St
Show all (1)

VerifyMe Financials and Metrics

VerifyMe Revenue

VerifyMe's revenue was reported to be $74.88 k in FY, 2018
USD

Revenue (Q1, 2019)

46.5k

Gross profit (Q1, 2019)

31.7k

Gross profit margin (Q1, 2019), %

68.2%

Net income (Q1, 2019)

(513.3k)

Cash (31-Mar-2019)

1.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

3.1k124.6k217.3k37.1k74.9k

Revenue growth, %

74%(83%)

Cost of goods sold

2.7k113.0k65.7k24.4k28.8k

Gross profit

430.011.6k151.5k12.7k46.1k
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

65.1k53.3k68.4k142.6k11.7k392.06.8k28.3k46.5k

Cost of goods sold

54.4k50.2k36.1k28.7k5.9k2.0k12.3k14.8k

Gross profit

10.7k3.1k32.3k114.0k5.8k4.8k16.0k31.7k

Gross profit Margin, %

16%6%47%80%50%71%57%68%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.3m64.0k4.2k22.6k693.0k1.7m

Accounts Receivable

30.4k

Inventories

34.3k97.4k28.7k17.1k42.0k

Current Assets

1.5m342.4k32.8k49.2k711.7k1.8m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

579.3k107.8k3.6k74.6k1.0m278.0k216.5k23.2k759.7k2.3m2.3m2.1m1.1m

Accounts Receivable

62.1k69.2k11.7k5.7k28.5k28.3k

Inventories

34.3k84.3k84.3k109.4k74.6k98.6k42.4k15.6k32.0k9.8k11.8k35.1k30.4k

Current Assets

804.0k435.0k346.1k362.4k1.3m616.8k270.6k47.9k813.5k2.4m2.4m2.2m1.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(16.4m)(7.9m)(2.3m)(1.6m)(3.4m)(2.9m)

Depreciation and Amortization

81.9k82.4k94.1k30.2k43.1k21.0k

Inventories

(14.3k)(63.1k)68.7k11.6k17.1k(42.0k)

Accounts Payable

(233.5k)4.9m330.1k251.7k61.9k(57.3k)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

(3.4m)3.7m(1.7m)(1.2m)(1.0m)(1.5m)1.6m(1.8m)(304.6k)(1.1m)(1.9m)(2.4m)(513.3k)

Depreciation and Amortization

20.6k42.9k64.6k5.0k10.9k15.9k5.7k

Inventories

84.3k84.3k22.8k(1.2k)48.8k42.4k59.4k15.6k(9.8k)(11.8k)(35.1k)11.6k

Accounts Payable

(75.1k)409.4k465.6k2.3m2.2m514.5k692.5k731.7k862.3k(12.3k)(80.4k)(41.5k)(21.1k)
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VerifyMe Online and Social Media Presence

Embed Graph

VerifyMe News and Updates

VerifyMe Appoints Chris Gardner to its Board of Directors

Rochester, NY - (NewMediaWire) - May 14, 2019 - VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets invisible ink identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging and products, announced today the appointment of Chris G…

VerifyMe and Covectra Enter Into a Strategic Partnership

Plans to Market and Cross-Sell Each Other’s Products and ServicesRochester, NY - (NewMediaWire) - May 6, 2019 - VerifyMe, Inc. (OTCQB: VRME), a digital security, authentication and tracking technology solutions provider, announced today that it has entered into a strategic partnership with Cove…

VerifyMe Signs Commercial Technology License Agreement with Niagara Label

Niagara Prints Labels for Cannabis Industry Brand Owners

VerifyMe Signs First European License Agreement

Arca Etichette, Based in Italy, Opens European Market to VerifyMe Brand Protection Using HP Indigo Digital PressesRochester, NY - (NewMediaWire) - April 16, 2019 - VerifyMe, Inc. (OTCQB: VRME) (the “Company”), a digital security, authentication and tracking technology solutions provider, and Ar…

VerifyMe to Present and Exhibit at 5th Annual Brand Protection Excellence Forum

April 4-5 in AmsterdamRochester, NY - (NewMediaWire) - April 03, 2019 - VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets products supported by patents, patent applications and trade secrets which provides identifiers and serialization for authenticating, tracking and tr…

VerifyMe Appoints Dr. Arthur Laffer to its Board of Directors

Leading American Economist to Provide Business Strategy and Operations Advice and Capital Markets ExpertiseRochester, NY - (NewMediaWire) - March 27, 2019 - VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets products supported by patents, patent applications and trade sec…
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VerifyMe Frequently Asked Questions

  • When was VerifyMe founded?

    VerifyMe was founded in 1999.

  • Who are VerifyMe key executives?

    VerifyMe's key executives are Patrick White, Keith Goldstein and Margaret Gezerlis.

  • How many employees does VerifyMe have?

    VerifyMe has 8 employees.

  • What is VerifyMe revenue?

    Latest VerifyMe annual revenue is $74.9 k.

  • What is VerifyMe revenue per employee?

    Latest VerifyMe revenue per employee is $9.4 k.

  • Who are VerifyMe competitors?

    Competitors of VerifyMe include BioCatch, Callsign and ValidSoft.

  • Where is VerifyMe headquarters?

    VerifyMe headquarters is located at 12 W 21st St, New York.

  • Where are VerifyMe offices?

    VerifyMe has an office in New York.

  • How many offices does VerifyMe have?

    VerifyMe has 1 office.