Verb Technology reported Q2 2024 financial results, highlighting a strong cash position of $17.2 million as of June 30, 2024. Revenue was $37,000 for Q2 2024, while net loss from continuing operations improved to $1.7 million compared to $3.8 million in Q2 2023. Operating expenses decreased significantly, with general and administrative costs dropping 20% to $2.1 million.The company continues to focus on growing its MARKET.live platform, which recently expanded through strategic partnerships. Notable developments include a formal partnership with TikTok Shop, where MARKET.live became an official TikTok Shop Partner providing services to brands, retailers, and influencers. The platform also completed integrations with META for seamless checkout on Facebook and Instagram.During the quarter, Verb strengthened its financial position through multiple capital raises, including ATM offerings generating $12.1 million and a Regulation A offering raising $6.5 million. The company faces ongoing Nasdaq compliance challenges regarding minimum bid price requirements and is considering a reverse stock split to maintain its listing. Management continues to execute its strategic shift from SaaS to focus entirely on the MARKET.live business.

Verb Technology reported Q2 2024 financial results, highlighting a strong cash position of $17.2 million as of June 30, 2024. Revenue was $37,000 for Q2 2024, while net loss from continuing operations improved to $1.7 million compared to $3.8 million in Q2 2023. Operating expenses decreased significantly, with general and administrative costs dropping 20% to $2.1 million.The company continues to focus on growing its MARKET.live platform, which recently expanded through strategic partnerships. Notable developments include a formal partnership with TikTok Shop, where MARKET.live became an official TikTok Shop Partner providing services to brands, retailers, and influencers. The platform also completed integrations with META for seamless checkout on Facebook and Instagram.During the quarter, Verb strengthened its financial position through multiple capital raises, including ATM offerings generating $12.1 million and a Regulation A offering raising $6.5 million. The company faces ongoing Nasdaq compliance challenges regarding minimum bid price requirements and is considering a reverse stock split to maintain its listing. Management continues to execute its strategic shift from SaaS to focus entirely on the MARKET.live business.