OverviewSuggest Edit

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

TypePublic
Founded1999
HQRochester, NY, US
Websiteverifyme.com

Latest Updates

Employees (est.) (Mar 2019)2(+100%)
Revenue (FY, 2020)$343 K(+41%)
Share Price (Jun 2021)$3.4
Cybersecurity ratingAMore

Key People/Management at VerifyMe

Patrick White

Patrick White

CEO
Keith Goldstein

Keith Goldstein

COO
Margaret Gezerlis

Margaret Gezerlis

Chief Financial Officer
Sandy Fliderman

Sandy Fliderman

Chief Technology Officer
Scott N. Greenberg

Scott N. Greenberg

Director
Norman Gardner

Norman Gardner

Founder & Chairman Emeritus
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VerifyMe Office Locations

VerifyMe has offices in Rochester and Encinitas
Rochester, NY, US (HQ)
75 S Clinton Ave #510
Encinitas, CA, US
721 N Vulcan Ave #205
Show all (2)

VerifyMe Financials and Metrics

VerifyMe Revenue

VerifyMe's revenue was reported to be $343 k in FY, 2020
USD

Revenue (Q1, 2021)

188.0k

Gross profit (Q1, 2021)

145.0k

Gross profit margin (Q1, 2021), %

77.1%

Net income (Q1, 2021)

(1.2m)

EBIT (Q1, 2021)

(1.2m)

Market capitalization (4-Jun-2021)

25.5m

Closing stock price (4-Jun-2021)

3.4

Cash (31-Mar-2021)

15.4m
VerifyMe's current market capitalization is $25.5 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

8.9k17.0k3.1k124.6k217.3k37.1k74.9k244.7k343.0k

Revenue growth, %

74%(83%)

Cost of goods sold

373.04.1k2.7k113.0k65.7k24.4k28.8k45.1k62.0k

Gross profit

8.5k12.9k430.011.6k151.5k12.7k46.1k199.7k281.0k
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

13.7k3.3k3.1k65.1k53.3k6.3k68.4k142.6k11.7k392.06.8k28.3k46.5k40.5k56.2k91.8k75.3k188.0k

Cost of goods sold

2.0k2.0k2.7k54.4k50.2k36.1k28.7k5.9k2.0k12.3k14.8k7.1k8.5k16.8k13.2k43.0k

Gross profit

11.7k1.2k430.010.7k3.1k6.3k32.3k114.0k5.8k4.8k16.0k31.7k33.4k47.8k75.0k62.1k145.0k

Gross profit Margin, %

85%38%14%16%6%100%47%80%50%71%57%68%82%85%82%82%77%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

53.6k3.0m1.3m64.0k4.2k22.6k693.0k1.7m252.8k7.9m

Accounts Receivable

3.5k3.6k30.4k81.1k31.0k

Prepaid Expenses

750.0k189.5k181.1k18.7k25.8k31.8k177.0k

Inventories

35.1k20.0k34.3k97.4k28.7k17.1k42.0k30.2k54.0k
USDFY, 2011

Financial Leverage

-0.1 x
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VerifyMe Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

VerifyMe Online and Social Media Presence

Embed Graph

VerifyMe News and Updates

VerifyMe, Inc. Announces Filing of Co-Sponsored SPAC Registration Statement

ROCHESTER, N.Y., April 15, 2021 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”), a provider of comprehensive brand protection and customer engagement solutions that combine ultra-secure product authentication, track and trace, and customized engagement…

VerifyMe Appoints Brand Protection Sales and Marketing Professional Robert Dlugopolski as Regional Sales Manager

Previously at De La Rue Authentication Solutions and DuPont Authentication Previously at De La Rue Authentication Solutions and DuPont Authentication

VerifyMe Signs Exclusive Sales Agreement with Syntax For China

Beijing-based Syntax is HP Indigo’s Sole Channel Partner in China Beijing-based Syntax is HP Indigo’s Sole Channel Partner in China

VerifyMe Awarded Initial Purchase Order for PPE Anti-Counterfeit Technology

ROCHESTER, N.Y., Feb. 23, 2021 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”), a provider of comprehensive brand protection and customer engagement solutions that combine ultra-secure product authentication, track and trace, and customized engagement …

VerifyMe and INX International Expand Partnership and Execute a Supply Agreement

ROCHESTER, N.Y., Feb. 16, 2021 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”), a provider of comprehensive brand protection and customer engagement solutions that combine product smart phone authentication, track and trace, and customized engagement s…

VerifyMe Announces Pricing of $8.7 Million Bought Deal Offering of Common Stock

ROCHESTER, N.Y., Feb. 09, 2021 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” or the “Company”), a technology solutions provider specializing in brand protection functions such as counterfeit prevention, authentication, serialization, track and trace features for labels, packaging …
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VerifyMe Blogs

VerifyMe Set to be Added to Russell Microcap® Index

VerifyMe Set to be Added to Russell Microcap® Index   Rochester, NY – Accesswire –... The post VerifyMe Set to be Added to Russell Microcap® Index appeared first on VerifyMe, Inc..

VerifyMe Reports 104% Revenue Growth for its First Quarter 2021 Results

VerifyMe Reports 104% Revenue Growth for its First Quarter 2021 Results New Application of its... The post VerifyMe Reports 104% Revenue Growth for its First Quarter 2021 Results appeared first on VerifyMe, Inc..

VerifyMe Reports 40% Revenue Growth for its Full Year 2020 Results and is Well-Positioned for Further Growth

Strong Cash Position, Growing Roster of Strategic Partners and Solid Business Pipeline Expected to Lead... The post VerifyMe Reports 40% Revenue Growth for its Full Year 2020 Results and is Well-Positioned for Further Growth appeared first on VerifyMe, Inc..

VerifyMe to Participate in M-Vest LLC and Maxim Group LLC Inaugural Emerging Growth Virtual Conference

Presenting Innovative Small and Mid-Cap Companies in Healthcare, Industrials, Electric Vehicles, TMT, and Consumer Products... The post VerifyMe to Participate in M-Vest LLC and Maxim Group LLC Inaugural Emerging Growth Virtual Conference appeared first on VerifyMe, Inc..

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 2 employees.

  • What is VerifyMe revenue?

    Latest VerifyMe annual revenue is $343 k.

  • What is VerifyMe revenue per employee?

    Latest VerifyMe revenue per employee is $171.5 k.

  • Who are VerifyMe competitors?

    Competitors of VerifyMe include LoginID, VIX Verify and Digital Fingerprints.

  • Where is VerifyMe headquarters?

    VerifyMe headquarters is located at 75 S Clinton Ave #510, Rochester.

  • Where are VerifyMe offices?

    VerifyMe has offices in Rochester and Encinitas.

  • How many offices does VerifyMe have?

    VerifyMe has 2 offices.