Company Overview - Verb Technology Company, Inc. (NASDAQ: VERB) is a technology company focused on interactive video-based social commerce, operating the MARKET.live platform, which is a leading livestream social shopping destination [2] - The company also runs GO FUND YOURSELF!, an innovative crowdfunding platform that combines an interactive TV show with social media engagement for investment opportunities [2] Recent Events - The CEO of Verb Technology, Rory J. Cutaia, and Lead Director Jimmy Geiskopf participated in a remote Closing Bell ceremony at the F1 Las Vegas Grand Prix on November 22, 2024, which was broadcast live [1][2] - Cutaia expressed honor in joining the Nasdaq team for this special event, highlighting the extraordinary multi-day event organized for Nasdaq-listed issuers [2] Platform Features - MARKET.live allows brands, retailers, creators, and influencers to engage with customers across multiple social media channels simultaneously [2] - GO FUND YOURSELF! enables public and private companies to gain exposure for their crowdfunding offerings, allowing viewers to invest in real-time as they watch presentations [2] - The platform features shoppable onscreen icons that allow viewers to purchase products directly during the show [2] Company Operations - Verb Technology is headquartered in Las Vegas, NV, and operates full-service production and creator studios in Los Alamitos, California, and Philadelphia, PA [2]

Financial Performance - Revenue for the three months ended September 30, 2024, was $128,000, compared to $29,000 for the same period in 2023, representing a significant increase of 341.38%[5] - Operating loss from continuing operations for the nine months ended September 30, 2024, was $(7,934,000), an improvement from $(10,783,000) in the same period of 2023, reflecting a reduction of 26.4%[5] - Net loss for the three months ended September 30, 2024, was $(1,965,000), compared to $(3,709,000) for the same period in 2023, indicating a decrease of 47%[5] - Total costs and expenses for the three months ended September 30, 2024, were $2,440,000, down from $3,419,000 in the same period of 2023, a reduction of 28.6%[5] - For the nine months ended September 30, 2024, the net loss was $7,141, a significant improvement from a net loss of $19,079 for the same period in 2023[21] Assets and Liabilities - As of September 30, 2024, total assets increased to $22.137 million from $10.839 million as of December 31, 2023, representing a growth of approximately 104.0%[12] - Cash reserves rose significantly to $10.515 million compared to $4.353 million at the end of 2023, marking an increase of about 141.0%[13] - Total current liabilities decreased to $3.903 million from $7.188 million, a reduction of approximately 45.9%[15] - Stockholders' equity increased to $18.029 million from $3.125 million, reflecting a growth of about 476.0%[17] - Total liabilities increased from $4,108,000 as of December 31, 2023, to $7,714,000 as of September 30, 2024[16] Cash Flow and Investments - Cash at the end of the period was $10,515, up from $918 at the end of September 30, 2023[21] - The company has cash of $10,515 and short-term investments of $5,077 as of September 30, 2024[31] - The company completed the sale of its SaaS assets for $6,500, with $4,750 received in cash at closing[30] - The company generated $18,596 from the sale of common stock offerings, compared to $6,628 in the previous year[21] Revenue Recognition and Segments - The Company operates through two reportable segments: MARKET.live and Go Fund Yourself, with revenue derived from contract-based recurring fee services and cash fees charged to issuers[41][43][44] - Revenue recognition is based on ASC 606, with significant revenue derived from SaaS application services, digital marketing, and sales support services prior to the sale of the SaaS business[42] - Revenue from MARKET.live is derived from contract-based recurring fee services, including onboarding clients to TikTok Shop and hosting training sessions[43] Strategic Initiatives and Market Conditions - The company aims to enhance its service offerings and launch new product platforms, including MARKET.live, to drive future growth[7] - Management anticipates challenges in maintaining profitable operations and expanding the customer base due to competitive market conditions[7] - The company is focused on increasing strategic relationships to boost revenue from existing partnerships[7] - The company is focused on mitigating risks from unfavorable economic conditions that could impact demand for its products[31] Stock and Equity - The company issued common shares valued at $18,596,000 from public offerings during the nine months ended September 30, 2024[19] - The weighted average number of common shares outstanding for the three months ended September 30, 2024, was 710,106, compared to 27,104 for the same period in 2023, indicating a significant increase in shares[5] - The company redeemed Series C Preferred Shares, resulting in a decrease of 2,105 shares, with a corresponding impact on equity[19] Impairments and Legal Matters - The company recorded an impairment of $5,441,000 related to the sale of its SaaS operating assets, which were sold for $6,500,000[82] - The company has accrued a liability of $584 related to a legal dispute with a former employee, which is currently under appeal[119] Future Outlook - The company has announced a technology integration with Pinterest and plans to expand its social platform access[25] - The MARKET.live platform allows for livestream shopping across multiple social media channels, enhancing user experience and sales potential[25] - The company expects to receive up to $1,750 in additional payments from the sale of its SaaS assets if certain profitability and revenue targets are met within two years[30][34]

Core Insights - The Million Dollar Weekend event showcased the Go Fund Yourself! crowdfunding platform, which aims to transform how businesses secure funding by connecting entrepreneurs with investors in real-time [1][2] - The platform democratizes investment opportunities, allowing a broader audience to invest in promising companies, thus leveling the playing field for entrepreneurs [2][3] - The show features a panel of successful entrepreneurs, known as "Titans," who provide guidance and feedback to entrepreneurs pitching their ideas [2][3] Company Overview - Go Fund Yourself! is an interactive social crowdfunding platform designed for public and private companies seeking capital through Regulation CF and Regulation A offerings [3][4] - The platform allows entrepreneurs to pitch their ideas to a panel of successful business leaders while engaging viewers in real-time investment decisions [3][4] - The Titans involved in the show include Jayson Waller, David Meltzer, and Rory Cutaia, who are committed to helping companies succeed [3][4] Industry Impact - Go Fund Yourself! is positioned to redefine capital raising and enhance connections between businesses and investors globally [4] - The innovative nature of the platform combines live pitching with audience engagement, creating new opportunities for businesses to secure funding [3][4] - The platform is expected to change how businesses approach fundraising and how investors discover new opportunities [3]

Market Performance - U.S. stocks traded higher with the Dow Jones index gaining more than 150 points, up 0.41% to 43,039.53, NASDAQ rose 0.81% to 18,490.66, and S&P 500 gained 0.69% to 5,855.38 [1] - Information technology shares jumped by 1.2% [1] Company News - Boeing announced plans to cut its workforce by about 10%, equating to approximately 17,000 jobs, affecting various levels of employees [2] - Tevogen Bio Holdings Inc. shares surged 201% to $1.1450, with plans to share $1 billion+ revenue potential of its pipeline portfolio [2] - Verb Technology Company, Inc. shares rose 75% to $13.90 after the CEO highlighted the company's cash balance and implied undervaluation, with a market cap of $3.8 million and cash balance of $17.2 million [2] - Expion360 Inc. shares increased by 36% to $3.24 [2] Declining Stocks - Molecular Templates, Inc. shares dropped 75% to $0.3664 after announcing liquidation and wind-up [3] - Zapata Computing Holdings Inc. shares fell 70% to $0.0776 [3] - Vicinity Motor Corp. shares decreased by 32% to $0.0800 after failing to renegotiate terms with creditors [3] Commodities - Oil traded down 2.4% to $73.78, gold down 0.5% at $2,663.60, silver down 1.4% to $31.325, and copper fell 2.1% to $4.4005 [4] European Market Performance - European shares were higher with the eurozone's STOXX 600 gaining 0.53%, Germany's DAX up 0.69%, and France's CAC 40 rising 0.32% [4] Asian Market Performance - Asian markets closed mostly higher, with Hong Kong's Hang Seng Index down 0.75%, China's Shanghai Composite Index up 2.07%, and India's BSE Sensex gaining 0.73% [5]

Core Viewpoint - Verb Technology Company is undergoing significant restructuring and believes its stock is undervalued based on its financial position and growth potential [3][4][12]. Financial Condition - As of October 10, 2024, the company's market capitalization is approximately $3.8 million, with cash reserves of about $17.2 million and minimal debt of approximately $125,000 at a low interest rate of 3.75% [3][12]. - The company asserts that if the stock traded solely on its net cash value, it should be valued at over $22 per share, indicating a significant discrepancy between market price and intrinsic value [3][14]. Business Structure and Growth - Verb has restructured into a holding company with three distinct business units, all of which are currently generating revenue and experiencing growth [5][13]. - The company anticipates that third quarter results will significantly surpass those of the second quarter, with fourth quarter results expected to exceed third quarter performance [5]. Business Units - The MARKET.live platform has transitioned to a service provider model for brands, with a focus on a partnership with TikTok, shifting its revenue model to fixed-price, contract-based recurring revenue [7]. - The GO FUND YOURSELF SHOW is a new venture aimed at disrupting the equity crowdfunding sector, providing issuers with a platform to reach a broader audience and generate revenue through various fees and sponsorships [8]. - A third business vertical is currently in development, which is expected to represent a substantial growth opportunity in a rapidly expanding sector [9]. Reverse Stock Split - The decision for a reverse stock split was made by stockholders to maintain Nasdaq listing, following a delisting notice due to stock trading patterns [10][12]. - The company emphasizes that management does not unilaterally decide on stock splits; it is a decision made by stockholders [11].

Los Alamitos, Calif. and Las Vegas, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales-enablement applications, including MARKET.live, its livestream social shopping platform, today announced that its stockholders voted to authorize the Company's Board of Directors to institute a 1-for-200 reverse stock split of its common stock shares and that the common stock shares will begin trading on a split-adjusted bas ...

LOS ALAMITOS, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (NASDAQ:VERB) ("VERB" or the "Company"), is thrilled to announce that it will offer the exclusive simulcast stream of "The Collab," an innovative event featuring David Meltzer and Dane Cook, on July 19th at the YouTube Theater. This live Q&A and audience-driven event promises a unique blend of humor and inspiration as Dane Cook's sharp wit intersects with David Meltzer's insightful business and personal development advice. ...

Hosted by the renowned comedian Rob Riggle, attendees will enjoy engaging discussions and heartfelt conversations with special guests including NBA star Baron Davis and NFL legend Marshall Faulk among many others from various industries, including thought leaders, billionaires, millionaires, entrepreneurs, celebrities, athletes, and entertainers. Adding to the excitement, MARKET.live viewers will have the exclusive ability to purchase event merchandise directly through the livestream commemorating this spec ...

Among the first to launch this new technology is well-known motivational speaker, author, entrepreneur, philanthropist and all around media maven, David Meltzer, who immediately embraced this cutting-edge technology for his TikTok Shop to service his impressive 880K+ followers. Using this technology during his livestreams, David Meltzer will now be able to simply toggle on a button in his dashboard and offer custom branded merchandise, such as T-Shirts, hats, and other branded merchandise for sale to his fa ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission file number: 001-38834 Verb Technology Company, Inc. (Exact name of registrant as specified in its charter) | Nevada | 90-1118043 | | --- ...