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VerifyMe, Inc. (NASDAQ: VRME) Price Target and Financial Performance Review
May 14, 2025 6:03 PM - Danny Green
Image credit: Google Images
- Jack Vander Aarde from Maxim Group adjusted the price target for VerifyMe, Inc. (NASDAQ: VRME) to $1.50, down from $2, indicating a potential upside of 83.37%.
- Q1 2025 revenue reported at $4.5 million, a decrease from $5.8 million in Q1 2024, with a gross profit of $1.5 million or 33% of revenue.
- Despite a decrease in revenue and gross profit, the net loss remained steady at $0.6 million for both periods, with a strong cash reserve of $5.7 million.
VerifyMe, Inc. (NASDAQ: VRME) is a company that specializes in providing authentication and anti-counterfeiting solutions. It operates in a competitive market, with other players offering similar security technologies. On May 14, 2025, Jack Vander Aarde from Maxim Group adjusted the price target for VRME to $1.50, down from $2. At that time, VRME was trading at $0.818, suggesting a potential upside of 83.37%.
The company's recent Q1 2025 earnings call, held on May 13, 2025, featured key figures like CEO Adam Stedham and CFO Nancy Meyers. Analysts from Barrington Research and Maxim Group, including Jack Vander Aarde, participated. The call was in a listen-only mode, providing insights into the company's financial performance and strategies.
VerifyMe reported Q1 2025 revenue of $4.5 million, a decrease from $5.8 million in Q1 2024. The gross profit was $1.5 million, or 33% of revenue, down from $2.3 million, or 39%, the previous year. Despite these declines, the net loss remained steady at $0.6 million for both periods.
CEO Adam Stedham emphasized ongoing technical improvements in the Precision Logistics Segment and efforts to boost sales and marketing. Despite macro-environment challenges, he highlighted the company's strong cash flow and $5.7 million cash reserve as a solid foundation for shareholder value.
Currently, VRME's stock is priced at $0.6918, reflecting a 2.59% decrease. The stock has fluctuated between $0.651 and $0.7074 today. Over the past year, it reached a high of $5 and a low of $0.5469. The company's market capitalization is approximately $8.55 million, with a trading volume of 121,586 shares on NASDAQ.
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