LAS VEGAS and LOS ALAMITOS, Calif., April 17, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (NASDAQ:VERB) ("VERB" or the "Company"), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today announces that the Company, Lyvecom, Inc. ("Lyvecom") and the shareholders of Lyvecom entered into a definitive Stock Purchase Agreement dated April 11, 2025 (the "Purchase Agreement") to acqui ...

Verb Technology Company, Inc. (NASDAQ:VERB) Q4 2024 Earnings Conference Call March 25, 2025 1:00 PM ET Company Participants Rory Cutaia - CEO Operator Good afternoon and welcome to the Full Year and Fourth Quarter 2024 Financial Results Conference Call for Verb Technology Company, Incorporated. At this time, all participants are in a listen-only mode. Please be advised, the call is being recorded at the Company’s request. On our call today is Rory J. Cutaia, Verb’s Founder, Chairman and CEO. Before we begin ...

LAS VEGAS and LOS ALAMITOS, Calif., March 25, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (NASDAQ:VERB) ("VERB" or the "Company"), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today filed its Form 10-K reporting financial and operating results for the full year and the quarter ending December 31, 2024 and held an earnings conference call at 1 p.m. ET to discuss these resul ...

LAS VEGAS and LOS ALAMITOS, Calif., March 25, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today filed its Form 10-K reporting financial and operating results for the full year and the quarter ending December 31, 2024 and held an earnings conference call at 1 p.m. ET to discuss these resu ...

Quadruple Digit % Gains Year-Over-Year and Triple Digit % Gains Quarter-Over-Quarter Reflected in 2024 Form 10-K Debt-Free and $13.50 Cash Value Per Common Share* Increased Growth Projected For Q1 2025 LAS VEGAS and LOS ALAMITOS, Calif., March 25, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (NASDAQ:VERB) ("VERB" or the "Company"), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Sho ...

Business Operations - MARKET.live platform enables livestream shopping across multiple social media channels, enhancing audience reach and engagement[21] - The partnership with TikTok Shop allows for contract-based recurring fee revenue services, including onboarding and creative services for brands[23] - The acquisition of LyveCom, an AI-driven video commerce platform, is expected to enhance MARKET.live's capabilities and is set to close in early summer 2025[24][25] - The Go Fund Yourself business unit generates revenue from issuer appearance fees ranging from $15,000 to $60,000, and charges up to 25% of gross sales revenue for products sold during the show[28][33] - Vanity Prescribed, through GoodGirlRx.com, offers telehealth services and pharmaceuticals with fixed pricing, aiming to disrupt traditional healthcare pricing models[29] - The company operates three distinct business units, with the first being MARKET.live, which focuses on interactive video-based social commerce and allows brands to broadcast livestream shopping events across multiple social media platforms[128] - The Company has established technology integrations with major platforms like META, TikTok, and Pinterest, enhancing the shopping experience for users[129] - The integration of LyveCom's technology is expected to enhance the omnichannel livestream shopping experience, officially launched on March 4, 2025[132] - Vanity Prescribed, a new telehealth initiative, aims to provide affordable healthcare solutions leveraging MARKET.live's social commerce technology[136] Financial Performance - Revenue for the year ended December 31, 2024, was $895,000, a significant increase of $832,000 or 1,321% compared to $63,000 in 2023, primarily driven by MARKET.live and Go Fund Yourself business units[152] - For the quarter ended December 31, 2024, revenue reached $723,000, representing an increase of $694,000 or 2,393% from $29,000 in the same quarter of 2023, attributed to growth in MARKET.live and Go Fund Yourself[153] - Operating expenses for the year ended December 31, 2024, decreased to $1,077 million from $2,331 million in 2023, a reduction of $1,254 million due to a revision in software development cost amortization[157] - General and administrative expenses, including stock compensation, were $11,238 million for the year ended December 31, 2024, down 2% from $11,508 million in 2023, primarily due to decreased stock compensation and legal fees[158] - Other income for the year ended December 31, 2024, was $1,134 million, consisting of $812 million in other income and $455 million in interest income, offset by financing costs of $90 million[159] - Cash and cash equivalents increased to $7,617 million as of December 31, 2024, compared to $4,353 million in 2023, with total liquidity reaching $13,408 million[161] - The company issued 278,501 shares under the ATM offerings in December 2023, generating net proceeds of $12,130 million after offering costs[162] Customer Dependency - The company relies on one key customer that represents 26% of its 2024 revenue, indicating a significant dependence on this client[37] - One customer accounted for 26.0% of the company's revenues during the fiscal year ended December 31, 2024, indicating a significant dependency on a single client[64] Capital and Funding - As of December 31, 2024, the company had cash and restricted cash of $8,495 and highly liquid investments of $4,913[30] - The company has financed its operations entirely through equity investments and debt, with an outstanding note payable balance of $0.1 million as of December 31, 2024, which was fully repaid on March 7, 2025[59] - The company may need significant additional capital for future operations, which could result in substantial dilution for stockholders and restrict operational capabilities[93] - The market price of the company's common stock has been subject to significant volatility, influenced by various external factors[98] - A prolonged decline in the stock price could adversely affect the company's ability to raise capital and continue operations[100] - The company does not intend to pay any cash dividends on its common stock in the near future, focusing instead on retaining earnings for business development and expansion[102] Competition and Market Conditions - The company faces intense competition in the livestream shopping platform market, with many competitors having greater resources and established customer bases[65] - Economic conditions significantly influence demand for the company's products, with declines potentially leading to excess capacity and reduced prices[81] - The company anticipates that economic conditions, such as inflation and increased interest rates, may negatively impact demand for its products[146] Risks and Compliance - The company is dependent on third-party internet providers for service delivery, which could be disrupted by outages or cyber incidents[70] - The company has limited capital resources and may struggle to obtain additional funding on favorable terms, which could hinder growth and operational flexibility[58] - The company is subject to various data protection laws, which may impose additional operational constraints and liabilities[72] - The company recognizes the importance of maintaining and expanding its customer base to drive revenue growth, as customer usage levels are difficult to predict[63] - The company may face challenges in developing new features and enhancements to its platform, which are critical for maintaining competitiveness in a rapidly evolving technological landscape[68] - The company has integrated AI technologies into its platform, which may present operational, compliance, and reputational risks that could adversely affect business operations[75] - The company anticipates new laws or regulations regarding AI technology that may be burdensome and limit the enhancement of existing tools and features[76] - The company relies on third-party service providers for essential services, and any operational difficulties faced by these vendors could materially impact the company's ability to serve users[79] - The company faces challenges in attracting and retaining skilled software developers due to high demand and labor shortages, which could hinder software development and maintenance[80] Internal Controls and Governance - The company is committed to maintaining effective internal controls over financial reporting to meet regulatory requirements[111] - The company has implemented stringent processes to oversee and manage risks associated with third-party service providers[116] - The company concluded that its disclosure controls and procedures were effective as of December 31, 2024[195] - Management assessed the internal control over financial reporting and found it effective as of December 31, 2024[197] - There were no changes in internal control over financial reporting during the three months ended December 31, 2024 that materially affected its effectiveness[198] - The company maintains a standing Audit Committee, Compensation Committee, Governance and Nominating Committee, Risk and Disclosure Committee, and Fiscal Oversight Committee[218] - All Board members attended 100% of the Board meetings and committee meetings during fiscal year 2024[218] - The company has a policy requiring all directors to attend the annual meeting of stockholders, and all directors attended the 2024 meeting[219] - The company’s management is responsible for establishing and maintaining adequate internal control over financial reporting[196] - The company’s internal control system is designed to provide reasonable assurance regarding the reliability of financial reporting[196] - Management acknowledges that inherent limitations exist in the effectiveness of controls, which may not prevent or detect all errors and fraud[199] Shareholder Considerations - The company has registered 16,000,000 shares of common stock underlying options and shares granted under its equity incentive plans, which may lead to dilution for existing stockholders[94] - The company has repaid all outstanding obligations associated with a Securities Purchase Agreement, which previously prohibited the declaration or payment of dividends[124] - The company’s bylaws contain provisions that may limit stockholders' ability to bring claims in a judicial forum they find favorable[110] - The company’s common stock is subject to "penny stock" rules, which may limit trading activity and affect marketability[103]

Core Insights - Verb Technology Company, Inc. is launching a marathon of its show "Go Fund Yourself" on Cheddar TV, showcasing previously aired episodes to engage audiences and promote its innovative crowdfunding approach [1][2][8] - The show combines entrepreneur presentations with interactive technology, allowing viewers to invest in companies in real-time while watching [3][9] - Cheddar TV, which has a significant reach with over 40 million homes and 3 million monthly viewers, will air the marathon on March 23, 2025 [4][8] Company Overview - Verb Technology operates multiple platforms, including MARKET.live for social shopping and GO FUND YOURSELF for crowdfunding, leveraging interactive video technology [9] - The company aims to democratize access to capital for pre-IPO companies and enhance viewer engagement through real-time investment opportunities [6][9] - Verb's telehealth platforms, VANITYPrescribed.com and GoodGirlRx.com, focus on providing affordable healthcare solutions without hidden fees, disrupting traditional healthcare models [10] Show Details - "Go Fund Yourself" debuted on January 30, 2025, and features a panel of industry experts known as "Titans" who evaluate entrepreneurs' pitches [5][7] - The show is designed to provide broad exposure for participating businesses and entrepreneurs, encouraging them to apply for features on the show [6][7] - The marathon event is expected to enhance the show's visibility and impact, celebrating innovative entrepreneurs [7][8]

Core Viewpoint - Verb Technology Company, Inc. is set to air a marathon of its show "Go Fund Yourself" on Cheddar TV, showcasing previously aired episodes and promoting an innovative approach to crowdfunding [1][2][7]. Group 1: Company Overview - Verb Technology Company operates multiple platforms including MARKET.live, VANITYPrescribed.com, and GoodGirlRx.com, focusing on interactive video-based social commerce and telehealth services [9][10]. - The company aims to disrupt traditional crowdfunding and healthcare models by providing real-time investment opportunities and affordable telehealth solutions [10]. Group 2: Show Details - "Go Fund Yourself" debuted on January 30, 2025, and consists of 16 episodes, airing weekly in a prime-time slot [5]. - The show combines entrepreneur presentations with interactive technology, allowing viewers to invest in companies in real-time [3][10]. - The upcoming marathon will air on March 23, 2025, from 1-4 PM EST, providing a binge-watch experience for audiences [1][8]. Group 3: Audience Engagement - Cheddar TV, which reaches over 40 million homes and has more than 3 million monthly viewers, will host the marathon, enhancing the show's visibility [4][8]. - The show encourages participation from businesses and creators seeking exposure for their crowdfunding efforts, offering marketing support for selected participants [6].

LAS VEGAS and LOS ALAMITOS, Calif., March 20, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (NASDAQ: VERB) (“VERB” or the “Company”), the company behind MARKET.live, the livestream social shopping platform, telehealth platforms VANITYPrescribed.com and GoodGirlRx.com, and GO FUND YOURSELF.show, the TV show disrupting crowdfunding, today announced that VERB CEO Rory J. Cutaia will host a conference call to discuss the Company’s financial results for the fourth quarter and year ended December 31, 202 ...

LOS ALAMITOS, Calif., March 11, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the technology company behind MARKET.live, a leading livestream social shopping platform, and GO FUND YOURSELF!, a TV show and innovative new platform disrupting the crowd funding industry, today announces its expansion into the telehealth space with the launch of GoodGirlRx.com, a groundbreaking healthcare business in partnership with Savannah Chrisley. This new telehealth initia ...