VerifyMe Reports 104% Revenue Growth for its First Quarter 2021 Results
Strong Cash Position of $15.4 Million
ROCHESTER, NY / ACCESSWIRE / May 13, 2021 / VerifyMe, Inc. (NASDAQ:VRME) ( VerifyMe, we, our, or the Company ), a provider of comprehensive brand protection and customer engagement solutions that combine ultra-secure product authentication, track and trace, and customized engagement strategies with industry-leading online retail monitoring capabilities, today announced the Company s financial results for the first quarter ended March 31, 2021 ( Q1 2021 ).
Key Financial Highlights for Q1 2021:
Revenues of $188 thousand for the three months ended March 31, 2021 compared to $92 thousand for the three months ended March 31, 2020 or an increase of 104%
Gross profit of $145 thousand or 77% for the three months ended March 31, 2021 compared to $75 thousand or 82% for the three months ended March 31, 2020