VerifyMe Inc reports results for the quarter ended in March - Earnings Summary

• VerifyMe Inc VRME reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -17 cents. The mean expectation of two analysts for the quarter was for a loss of 14 cents per share.

• Revenue rose 1.7% to $5.76 million from a year ago; analysts expected $5.50 million.

• VerifyMe Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $553 thousand.

• VerifyMe Inc shares had risen by 21.1% this quarter and gained 50.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 47.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for VerifyMe Inc is $2.85

This summary was machine generated from LSEG data May 14 at 03:13 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)