VRME
Income statement / Annual
Last year (2023), VerifyMe, Inc.'s total revenue was $25.31 M,
an increase of 29.31% from the previous year.
In 2023, VerifyMe, Inc.'s net income was -$3.39 M.
See VerifyMe, Inc.�s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$25.31 M
|
$19.58 M
|
$867,000.00
|
$343,000.00
|
$244,748.00
|
$74,884.00
|
$0.00
|
$37,055.00
|
$217,268.00
|
$124,598.00
|
| Cost of Revenue |
$16.31 M |
$13.09 M |
$268,000.00 |
$62,000.00 |
$45,059.00 |
$28,802.00 |
$43,095.00 |
$24,363.00 |
$65,723.00 |
$113,024.00 |
| Gross Profit |
$9.00 M |
$6.49 M |
$599,000.00 |
$281,000.00 |
$199,689.00 |
$46,082.00 |
-$43,095.00 |
$12,692.00 |
$151,545.00 |
$11,574.00 |
| Gross Profit Ratio |
0.36 |
0.33 |
0.69 |
0.82 |
0.82 |
0.62 |
0 |
0.34 |
0.7 |
0.09 |
| Research and Development
Expenses |
$107,000.00
|
$89,000.00
|
$51,000.00
|
$19,000.00
|
$5,119.00
|
$187,655.00
|
$128,044.00
|
$250,180.00
|
$2.41 M
|
$10.59 M
|
| General & Administrative
Expenses |
$9.98 M
|
$8.43 M
|
$4.22 M
|
$3.18 M
|
$2.07 M
|
$2.32 M
|
$2.70 M
|
$3.21 M
|
$2.78 M
|
$2.77 M
|
| Selling & Marketing
Expenses |
$1.64 M
|
$1.72 M
|
$1.16 M
|
$651,000.00
|
$553,109.00
|
$135,290.00
|
$3,800.00
|
$282,867.00
|
$197,430.00
|
$218,443.00
|
| Selling, General &
Administrative Expenses |
$11.83 M
|
$10.15 M
|
$5.38 M
|
$3.83 M
|
$2.63 M
|
$2.45 M
|
$2.71 M
|
$3.50 M
|
$2.98 M
|
$2.99 M
|
| Other Expenses |
$0.00 |
$31,000.00 |
$685,000.00 |
$904,000.00 |
$625.17 M |
-$779,000.00 |
-$331,520.00 |
$2.18 M |
$0.00 |
$1.84 M |
| Operating Expenses |
$11.93 M |
$10.24 M |
$5.43 M |
$3.85 M |
$2.63 M |
$2.64 M |
$2.84 M |
$3.75 M |
$5.39 M |
$13.58 M |
| Cost And Expenses |
$28.24 M |
$23.32 M |
$5.70 M |
$3.91 M |
$2.68 M |
$2.67 M |
$2.84 M |
$3.77 M |
$5.46 M |
$13.69 M |
| Interest Income |
$0.00 |
$88,000.00 |
$2,000.00 |
$2.05 M |
$97,000.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$161,000.00 |
$88,000.00 |
$2,000.00 |
$2.05 M |
$97,000.00 |
$6,664.00 |
$218,316.00 |
$12,871.00 |
$61,438.00 |
$199,364.00 |
| Depreciation &
Amortization |
$1.13 M
|
$770,000.00
|
$117,000.00
|
$98,000.00
|
$34,294.00
|
$20,963.00
|
$43,095.00
|
$30,199.00
|
$94,123.00
|
$82,362.00
|
| EBITDA |
-$1.80 M
|
-$13.54 M
|
-$4.71 M
|
-$3.44 M
|
-$2.38 M
|
-$2.57 M
|
-$2.79 M
|
-$1.60 M
|
-$2.15 M
|
-$7.64 M
|
| EBITDA Ratio |
-0.07 |
0.35 |
-15.31 |
-10.12 |
-9.89 |
-40.2 |
0 |
-99.96 |
-23.7 |
-108.21 |
| Operating Income Ratio
|
-0.12
|
0.31
|
-15.44
|
-10.4
|
-9.94
|
-34.66
|
0
|
-100.78
|
-24.13
|
-108.87
|
| Total Other
Income/Expenses Net |
-$461,001.00
|
-$25.62 M
|
$8.44 M
|
-$2.33 M
|
-$74,427.00
|
-$336,661.00
|
-$549,837.00
|
$2.09 M
|
$2.94 M
|
$5.65 M
|
| Income Before Tax |
-$3.39 M |
-$14.40 M |
$3.61 M |
-$5.90 M |
-$2.51 M |
-$2.93 M |
-$3.39 M |
-$1.65 M |
-$2.30 M |
-$7.92 M |
| Income Before Tax Ratio
|
-0.13
|
-0.74
|
4.17
|
-17.21
|
-10.25
|
-39.16
|
0
|
-44.43
|
-10.59
|
-63.55
|
| Income Tax Expense |
$0.00 |
$88,000.00 |
-$8.56 M |
$2.05 M |
$75,226.00 |
-$329,997.00 |
-$113,204.00 |
$12,871.00 |
$61,438.00 |
$199,364.00 |
| Net Income |
-$3.39 M |
-$14.49 M |
$12.17 M |
-$7.96 M |
-$2.58 M |
-$2.93 M |
-$3.39 M |
-$1.65 M |
-$2.30 M |
-$7.92 M |
| Net Income Ratio |
-0.13 |
-0.74 |
14.04 |
-23.19 |
-10.55 |
-39.16 |
0 |
-44.43 |
-10.59 |
-63.55 |
| EPS |
-0.35 |
-1.71 |
1.71 |
-2 |
-1.2 |
-1.43 |
-3.16 |
-9.88 |
-19.26 |
-111 |
| EPS Diluted |
-0.35 |
-1.71 |
1.65 |
-2 |
-1.2 |
-1.43 |
-3.16 |
-9.88 |
-19.26 |
-109.41 |
| Weighted Average Shares
Out |
$9.69 M
|
$8.47 M
|
$7.11 M
|
$3.98 M
|
$2.15 M
|
$2.04 M
|
$1.07 M
|
$166,613.00
|
$119,540.00
|
$71,337.00
|
| Weighted Average Shares
Out Diluted |
$9.77 M
|
$8.47 M
|
$7.38 M
|
$3.98 M
|
$2.15 M
|
$2.04 M
|
$1.07 M
|
$166,613.00
|
$119,540.00
|
$72,373.00
|
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