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Verb(VERB) - 2021 Q4 - Earnings Call Transcript
2022-03-31 23:52
Verb Technology Company, Inc. (NASDAQ:VERB) Q4 2021 Earnings Conference Call March 31, 2022 5:00 PM ET Company Participants Rory Cutaia - Founder, Chairman, President, CEO & Secretary Salman Khan - Interim CFO Conference Call Participants Ed Woo - Ascendiant Capital Markets Martin Saltzman - Afm Investments Operator Good afternoon, and welcome to the Full Year and Fourth Quarter 2021 Financial Results Conference Call for Verb Technology Company, Inc. [Operator Instructions]. Please be advised the call is be ...
Verb(VERB) - 2021 Q4 - Annual Report
2022-03-31 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number: 001-38834 Verb Technology Company, Inc. (Exact name of registrant as specified in its charter) | Nevada | 90-1118043 | | ...
Verb(VERB) - 2021 Q3 - Earnings Call Transcript
2021-11-16 04:29
Verb Technology Company, Inc. (NASDAQ:VERB) Q3 2021 Earnings Conference Call November 15, 2021 5:00 PM ET Company Participants Rory Cutaia - Chief Executive Officer Jeff Clayborne - Chief Financial Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Ed Woo - Ascendiant Capital Martin Saltzman - AFM Investments Inc. Operator Good afternoon. And welcome to the Third Quarter 2021 Financial Results Conference Call for Verb Technology Company Inc. At this time, all participants are ...
Verb(VERB) - 2021 Q3 - Quarterly Report
2021-11-15 20:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-38834 Verb Technology Company, Inc. (Exact name of registrant as specified in its charter) | Nevada | 90-1118043 | | ...
Verb(VERB) - 2021 Q2 - Earnings Call Transcript
2021-08-17 03:37
Verb Technology Company, Inc. (NASDAQ:VERB) Q2 2021 Earnings Conference Call August 16, 2021 5:00 PM ET Company Participants Rory Cutaia - Chief Executive Officer Jeff Clayborne - Chief Financial Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Ed Woo - Ascendiant Capital Operator Good afternoon and welcome to the Second Quarter 2021 Financial Results Conference Call for Verb Technology Company Inc. At this time, all participants are in a listen-only mode. Please be advised ...
Verb(VERB) - 2021 Q2 - Quarterly Report
2021-08-16 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-38834 Verb Technology Company, Inc. (Exact name of registrant as specified in its charter) Nevada 90-1118043 ( ...
Verb(VERB) - 2021 Q1 - Quarterly Report
2021-05-13 18:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-38834 Verb Technology Company, Inc. (Exact name of registrant as specified in its charter) | Nevada | 90- ...
Verb(VERB) - 2020 Q4 - Earnings Call Transcript
2021-04-01 02:00
Verb Technology Company, Inc. (NASDAQ:VERB) Q4 2020 Earnings Conference Call March 31, 2021 4:30 PM ET Company Participants Rory Cutaia - President & Chief Executive Officer Jeff Clayborne - Chief Financial Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Operator Good afternoon and welcome to the Fourth Quarter 2020 and Fiscal 2020 Financial Results Conference Call for VERB Technology Company Inc. At this time, all participants are in a listen-only mode. Please be advised t ...
Verb(VERB) - 2020 Q4 - Annual Report
2021-03-31 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) Verb Technology Company, Inc. (Exact name of registrant as specified in its charter) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2020 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number: 001-38834 | Nevada | ...
Verb(VERB) - 2020 Q3 - Earnings Call Transcript
2020-11-17 01:38
Financial Data and Key Metrics Changes - Total SaaS revenue for Q3 2020 was $1.5 million, an increase of 16% from Q2 2020 and a 55% increase from Q3 2019 [74] - Total digital revenue for Q3 2020 was $1.8 million, up almost 10% from Q2 2020 and up almost 28% from Q3 2019 [74] - Total combined revenue for Q3 2020 was $2.86 million, an increase of almost 8% over Q2 2020 [65] Business Line Data and Key Metrics Changes - The company executed 16 new client contracts in Q3 2020, which is a 46% increase compared to Q1 2020 [66] - The base value of new contracts was $834,000, representing $474,000 of annual recurring revenue [66] - The number of user downloads increased to 1.65 million, up from 1.49 million as of August 15, 2020 [67] Market Data and Key Metrics Changes - The company reported a backlog of over 460,000 users from clients signed up for verbLIVE during pre-launch [28] - The expected annual recurring revenue from capturing 10% of the backlog is projected to be over $5 million [94] Company Strategy and Development Direction - The company is focusing on hyper growth initiatives, including the launch of verbLIVE and verbTEAMS, which are expected to drive significant revenue growth [34][46] - The integration with Salesforce and Microsoft Outlook is a key strategic move to enhance product offerings and user engagement [57][58] - The company aims to transition to a self-service model for verbCRM to facilitate faster scaling and revenue recognition [45] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's growth prospects despite the ongoing challenges posed by COVID-19 and economic uncertainty [10][11] - The company is confident in its ability to deliver on its growth initiatives and has a clear vision for the future [26][70] - Management emphasized the importance of socially conscious initiatives and their relevance to investors [71] Other Important Information - The acquisition of SoloFire contributed minimally to Q3 revenue due to GAAP accounting rules affecting deferred revenue recognition [49][52] - The company has been actively recruiting talent to support its growth initiatives and product development [22] Q&A Session Summary Question: Is the launch of verbLIVE official and what is the revenue model? - Management confirmed that the official launch of verbLIVE is imminent and it will operate on a SaaS model with a monthly recurring fee [91][93] Question: How many clients have signed up for verbLIVE? - Management reported that there are over 460,000 users from clients signed up for verbLIVE [94] Question: What is the traditional churn rate for SoloFire? - Management indicated that SoloFire experiences very small churn, losing only one or two logos annually [102] Question: Can you provide trailing 12 months revenue for SoloFire? - Management stated that SoloFire's cash flow was just north of $1 million and all revenue is SaaS-based [101]