Summary by Moomoo AI
Verb Technology Company, Inc. (Verb Technology) reported its financial performance for the quarter ended March 31, 2024. The company's revenue increased to $7,000 from $2,000 in the same period last year. Operating loss from continuing operations decreased to $3.2 million from $4.1 million, reflecting a reduction in general and administrative expenses, including stock compensation, from $3.5 million to $2.9 million. The net loss from continuing operations improved to $3.4 million from $4.6 million. Other expenses, including interest expense, totaled $228,000. The company's cash position strengthened significantly, with cash on hand of $14.2 million, up from $4.3 million at the end of the previous quarter. Verb Technology's business development focused on its MARKET.live platform, a multi-vendor, multi-presenter, livestream social shopping platform. The company expanded its strategic relationship with...Show More
