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VerifyMe, Inc. (VRME) Q3 2024 Earnings Call Transcript Summary

VerifyMe, Inc. (VRME) Q3 2024 Earnings Call Transcript Summary

VerifyMe, Inc. (VRME) 2024年第三季度业绩会交易摘要
moomoo AI ·  11/12 23:58  · 电话会议

The following is a summary of the VerifyMe, Inc. (VRME) Q3 2024 Earnings Call Transcript:

以下是 verifyme, Inc. (VRME) 2024年第三季度业绩会 记录摘要:

Financial Performance:

财务表现:

  • VerifyMe reported a Q3 2024 revenue of $5.4 million, down from $5.6 million in Q3 2023.

  • Gross profit for Q3 2024 fell slightly to $1.9 million from $2 million in the previous year, with a gross margin of 35% compared to 37% last year.

  • Q3 2024 saw increased operating expenses, totaling $4.8 million, due to a $2.3 million goodwill and intangible asset impairment.

  • The net loss for Q3 2024 widened to $2.4 million, or a loss of $0.23 per diluted share. Adjusting for non-cash items, the net loss was $0.6 million, or $0.09 per diluted share, compared to a net loss of $0.9 million in Q3 2023.

  • VerifyMe报告2024年第三季度营业收入为$5.4 million,低于2023年第三季度的$5.6 million。

  • 2024年第三季度毛利润略微下降至$1.9 million,而去年同期为$2 million,毛利率为35%,而去年为37%。

  • 2024年第三季度由于$2.3 million的商誉及无形资产减值,营业费用大幅增加,总计为$4.8 million。

  • 2024年第三季度净亏损扩大至 $2.4 million,每股稀释亏损 $0.23。调整非现金项目后,净亏损为 $0.6 million,每股稀释亏损为 $0.09,相比于2013年第三季度的 $0.9 million 净亏损。

Business Progress:

业务进展:

  • VerifyMe plans to exit the Authentication segment's vertically integrated code strategy, shifting focus towards more profitable areas and ending its relationship with Amazon.

  • The company saw a 6% year-over-year increase in proactive service customers in the Precision Logistics segment, despite a 4% decline in total shipments.

  • Despite challenging conditions, VerifyMe is optimistic about the future performance of the Precision Logistics segment, expecting continued headwinds in Q4 2024.

  • VerifyMe计划退出身份验证领域的垂直整合代码策略,转向更有利可图的领域,并终止与亚马逊的合作关系。

  • 公司在精准物流业务领域的主动服务客户数量同比增长6%,尽管总发货量下降了4%。

  • 尽管面临挑战,verifyme对精准物流业务部门未来业绩持乐观态度,并预计2024年第四季度仍将面临持续的逆风。

Opportunities:

机会:

  • VerifyMe is focusing on expanding its direct premium customer base after losing a major contract with FedEx, hoping to offset losses by increasing this segment.

  • The company intends to leverage existing technologies and capabilities in anti-counterfeit and authentication to explore new business opportunities and partnerships.

  • 在与联邦快递签订的主要合同失效后,verifyme正致力于扩大其直接高级客户群,希望通过增加这一业务板块来抵消损失。

  • 公司打算利用现有的反仿冒和认证技术和能力,探索新的业务机会和伙伴关系。

Risks:

风险:

  • The Authentication segment, particularly the codes part, has proven to be a drag on earnings, prompting strategic reassessment and planned exit.

  • Revenue is challenged by significant customer losses and insourcing trends among key clients, impacting both the Authentication and Precision Logistics segments.

  • 尤其是认证业务板块中的代码部分已被证明对收入造成拖累,并促使战略重新评估和计划退出。

  • 营业收入受到重要客户流失和主要客户内部转包趋势的挑战,影响了认证和精准物流业务板块。

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