The sharp revenue decline confirms the ongoing disruption from the carrier partner change. Monitor customer transition progress and the merger with Open World for potential upside. Without guidance, the stock will trade on merger milestones and cash runway.
Price Chart
Executive Summary
VerifyMe reported Q1 2026 revenue of $1.8M, down 60% YoY from $4.5M, primarily due to the termination of its prior carrier partner agreement. Net loss widened to ($0.7M) from ($0.6M), though gross margin improved to 54% from 33%. No guidance was provided. The company continues to transition customers to a new shipping partner and pursue its pending merger with Open World, Ltd.
Key Financial Metrics
Key Facts
- Revenue $1.772M, down 60% YoY from $4.455M
- Net loss ($0.679M) vs ($0.571M) in Q1 2025
- Gross margin improved to 54% from 33%
- Cash balance $3.5M as of March 31, 2026; received $2.1M final payment from ZenCredit on May 11, 2026
- No earnings call scheduled; shareholder call after merger S-4 effectiveness
- Pending merger with Open World, Ltd.
Financial Impact
Revenue decline of $2.7M (60% YoY); net loss increased by $0.1M
Risk Factors
- Further revenue erosion as customer transitions continue
- Merger failure or delays
- Cash burn; $3.5M cash provides limited runway
- Nasdaq continued listing risk given low market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001214659-26-006255 |
| Document: z5142608k.htm | 0001214659-26-006255 |
| Document: 0001214659-26-006255-index-headers.html | 0001214659-26-006255 |
| Document: 0001214659-26-006255-index.html | 0001214659-26-006255 |
| Document: 0001214659-26-006255.txt | 0001214659-26-006255 |
| 8-K Data (Synthetic) | 0001214659-26-006255 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | 425 | $0.6172 $0.6725 | ▲ +8.96% | ▲ +10.05% | — |
Aug 26, 2026 5w ago | 425 | $0.7215 $0.6150 | ▼ −14.76% | ▼ −14.64% | — |
Aug 14, 2026 7w ago | 8-K | $0.6601 $0.7385 | ▼ −11.88% | ▼ −13.24% | — |
Aug 13, 2026 7w ago | EFFECT | $0.6903 $0.7000 | ▲ +1.41% | ▲ +3.37% | — |
Aug 12, 2026 7w ago | 425 / 8-K | $0.7001 $0.6726 | ▼ −3.93% | ▼ −3.48% | — |
Jun 30, 2026 13w ago | S-4/A | $0.6100 $0.6601 | ▲ +8.21% | ▲ +7.95% | — |
Jun 9, 2026 16w ago | 425 / 8-K | $0.6835 $0.6700 | ▼ −1.98% | ▼ −5.41% | — |
May 15, 2026 20w ago | 8-K | $0.7202 $0.6617 | ▲ +8.12% | ▲ +9.09% | — |
May 5, 2026 21w ago | 425 | $0.7901 $0.7001 | ▼ −11.39% | ▼ −12.52% | — |
Apr 17, 2026 24w ago | 8-K | $0.8820 $0.8200 | ▲ +7.03% | ▲ +7.94% | — |
US Market Status
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