Name: VerifyMe, Inc. (VRME) Financial Statements
Creator: FinSpry

VerifyMe Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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VerifyMe, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	24.21	25.31	19.58	0.87	0.34
Cost of Revenue	15.55	17.29	13.09	0.27	0.06
Gross Profit	8.66	8.03	6.49	0.60	0.28
Operating Expenses
Research & Development	0.07	0.11	0.09	0.05	0.02
Selling, General & Administrative	10.39	6.06	9.49	5.38	3.83
Operating Expenses	10.46	11.26	9.57	5.43	3.85
Operating Income	-1.80	-3.24	-3.09	-4.83	-3.57
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00
Interest Expense	-0.13	0.16	-0.09	0.00	-2.05
Other Income/Expense	0.00	0.01	0.03	8.44	0.00
Income
Income Before Tax	-3.82	-3.39	-14.40	3.61	-5.90
Income Tax Expense	0.00	0.00	0.00	0.00	0.00
Net Income	-3.82	-3.39	-14.40	3.61	-5.90
Net Income - Continuous Operations	-3.82	-3.39	-14.40	3.61	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-0.59	-2.10	-2.32	-4.71	-3.49
EBIT	-1.80	-3.23	-3.09	-4.83	-3.57
Depreciation & Amortization	1.21	1.13	0.77	0.12	0.08
Earnings Per Share
Basic EPS	-	-	-2.00	1.00	-1.00
Diluted EPS	-	-	-2.00	1.00	-1.00
Basic Shares Outstanding	10.40	9.77	8.47	7.11	3.98
Diluted Shares Outstanding	10.40	9.77	8.47	7.38	3.98