OverviewSuggest Edit

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

TypePublic
Founded1999
HQRochester, US
Websiteverifyme.com

Latest Updates

Employees (est.) (Mar 2019)2(+100%)
Revenue (FY, 2019)$244.7 K(+227%)
Share Price (May 2020)$0.1 (-1%)

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
Scott N. Greenberg

Scott N. Greenberg

Director
Norman Gardner

Norman Gardner

Chairman of the Board & Founder
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VerifyMe Office Locations

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

VerifyMe Financials and Metrics

VerifyMe Revenue

VerifyMe's revenue was reported to be $244.75 k in FY, 2019
USD

Revenue (Q1, 2020)

91.8k

Gross profit (Q1, 2020)

75.0k

Gross profit margin (Q1, 2020), %

81.7%

Net income (Q1, 2020)

(1.1m)

EBIT (Q1, 2020)

(669.0k)

Market capitalization (21-May-2020)

13.3m

Closing stock price (21-May-2020)

0.1

Cash (31-Mar-2020)

885.6k

EV

12.5m
VerifyMe's current market capitalization is $13.3 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

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

Revenue growth, %

74%(83%)

Cost of goods sold

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

Gross profit

8.5k12.9k430.011.6k151.5k12.7k46.1k199.7k
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, 2020

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

3.5k3.6k30.4k81.1k

Prepaid Expenses

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

Inventories

35.1k20.0k34.3k97.4k28.7k17.1k42.0k30.2k
USDY, 2020

EV/EBIT

-18.6 x

EV/CFO

-37.2 x

Financial Leverage

1.8 x
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VerifyMe Online and Social Media Presence

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VerifyMe News and Updates

VerifyMe Reports Second Quarter 2019 Results

ROCHESTER, N.Y., Aug. 14, 2019 (GLOBE NEWSWIRE) -- 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 the company's financial results …

VerifyMe Awarded Initial Contract from Multi-Billion Dollar Global Consumer Products Company

Brand Owner that Prints its Own Packaging and Labels Will Utilize RainbowSecure® to Protect its Brands from CounterfeitsRochester, NY - (NewMediaWire) - June 27, 2019 - VerifyMe, Inc. (OTCQB: VRME), a digital technology solutions provider specializing in counterfeit prevention, authentication, …

VerifyMe Director Arthur Laffer to Receive the Presidential Medal of Freedom

Rochester, NY - (NewMediaWire) - June 04, 2019 - VerifyMe, Inc. (OTCQB: VRME), a digital technology solutions provider who along with their strategic partner, HP Indigo specializes in counterfeiting prevention, authentication, serialization, track and trace features for labels, packaging and pr…

VerifyMe and INX International Ink Company Form a Strategic Partnership

VerifyMe’s Security Ink Expands to 95% of the Label and Packaging Market Rochester, NY - (NewMediaWire) - May 28, 2019 - VerifyMe, Inc. (OTCQB: VRME), a digital technology solutions provider specializing in counterfeit prevention, authentication, serialization, track and trace features for labe…

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…
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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 2 employees.

  • What is VerifyMe revenue?

    Latest VerifyMe annual revenue is $244.7 k.

  • What is VerifyMe revenue per employee?

    Latest VerifyMe revenue per employee is $122.4 k.

  • Who are VerifyMe competitors?

    Competitors of VerifyMe include White Ops, 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.