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 | ...

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]

[PART I - FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [ITEM 1 - FINANCIAL STATEMENTS (UNAUDITED)](index=4&type=section&id=ITEM%201%20-%20FINANCIAL%20STATEMENTS) This section presents the unaudited condensed consolidated financial statements of Verb Technology Company, Inc. for the periods ended September 30, 2020, and December 31, 2019 (for balance sheet) or September 30, 2019 (for income statement and cash flows), along with detailed notes explaining the company's business, significant accounting policies, acquisitions, and various financial instruments and equity transactions [Condensed Consolidated Balance Sheets (unaudited)](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section presents the unaudited condensed consolidated balance sheets, detailing the company's financial position with assets, liabilities, and equity as of specified dates Total Assets | Date | Amount ($) | | :--- | :--- | | September 30, 2020 | 42,575,000 | | December 31, 2019 | 28,359,000 | Total Liabilities | Date | Amount ($) | | :--- | :--- | | September 30, 2020 | 20,801,000 | | December 31, 2019 | 16,914,000 | Total Stockholders' Equity | Date | Amount ($) | | :--- | :--- | | September 30, 2020 | 21,774,000 | | December 31, 2019 | 11,445,000 | [Condensed Consolidated Statements of Operations (unaudited)](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) This section presents the unaudited condensed consolidated statements of operations, outlining the company's revenues, expenses, and net loss for the specified periods Revenue (Three Months Ended Sep 30) | Revenue Type | Sep 30, 2020 ($) | Sep 30, 2019 ($) | Change ($) | | :--- | :--- | :--- | :--- | | SaaS recurring subscription revenue | 1,478,000 | 953,000 | 525,000 | | Other Digital | 360,000 | 485,000 | (125,000) | | Welcome kits and fulfillment | 836,000 | 1,164,000 | (328,000) | | Shipping | 186,000 | 271,000 | (85,000) | | **Total revenue** | **2,860,000** | **2,873,000** | **(13,000)** | Net Loss (Three Months Ended Sep 30) | Period | Net Loss ($) | | :--- | :--- | | Sep 30, 2020 | (7,320,000) | | Sep 30, 2019 | (3,115,000) | Net Loss Per Share (Three Months Ended Sep 30) | Period | EPS ($) | | :--- | :--- | | Sep 30, 2020 | (0.18) | | Sep 30, 2019 | (0.13) | [Condensed Consolidated Statements of Stockholders Equity (unaudited)](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders%20Equity) This section presents the unaudited condensed consolidated statements of stockholders' equity, detailing changes in equity components over the specified periods Total Stockholders' Equity | Date | Amount ($) | | :--- | :--- | | September 30, 2020 | 21,774,000 | | December 31, 2019 | 11,445,000 | Common Stock Shares Outstanding | Date | Shares | | :--- | :--- | | September 30, 2020 | 46,663,790 | | December 31, 2019 | 24,496,197 | [Condensed Consolidated Statements of Cash Flows (unaudited)](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section presents the unaudited condensed consolidated statements of cash flows, categorizing cash movements from operating, investing, and financing activities Net Cash Used in Operating Activities (Nine Months Ended Sep 30) | Period | Amount ($) | | :--- | :--- | | Sep 30, 2020 | (9,790,000) | | Sep 30, 2019 | (6,506,000) | Net Cash Provided by Financing Activities (Nine Months Ended Sep 30) | Period | Amount ($) | | :--- | :--- | | Sep 30, 2020 | 19,617,000 | | Sep 30, 2019 | 22,334,000 | Cash - End of Period | Date | Amount ($) | | :--- | :--- | | Sep 30, 2020 | 10,722,000 | | Sep 30, 2019 | 1,885,000 | [Notes to Condensed Consolidated Financial Statements (unaudited)](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations and disclosures supporting the condensed consolidated financial statements, covering accounting policies, acquisitions, and various financial instruments - The financial statements include **Condensed Consolidated Balance Sheets**, **Statements of Operations**, **Stockholders Equity**, **Cash Flows**, and accompanying **Notes**[11](index=11&type=chunk) [1. DESCRIPTION OF BUSINESS](index=13&type=section&id=1.%20DESCRIPTION%20OF%20BUSINESS) Verb Technology Company, Inc. is a Software-as-a-Service (SaaS) applications platform developer, offering interactive video-based sales enablement software products like verbCRM, verbLEARN, and verbLIVE on a subscription basis. The company also previously provided non-digital printing and fulfillment services - Company's current name: **Verb Technology Company, Inc.**, changed from **nFüsz, Inc.** on **February 1, 2019**[27](index=27&type=chunk) - Implemented a **1-for-15 reverse stock split** on **February 1, 2019**[28](index=28&type=chunk) - Primary business: **SaaS applications platform developer**, offering **interactive video-based sales enablement software products** (**verbCRM**, **verbLEARN**, and **verbLIVE**) on a **subscription basis**[29](index=29&type=chunk) [2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES](index=14&type=section&id=2.%20SUMMARY%20OF%20SIGNIFICANT%20ACCOUNTING%20POLICIES) This section outlines the basis of presentation for the unaudited interim financial statements, principles of consolidation, and key accounting policies including going concern, use of estimates, concentration of credit and other risks, reclassifications, revenue recognition, cost of revenue, derivative financial instruments, share-based payments, net loss per share, goodwill and intangible assets, long-lived assets, fair value of financial instruments, segments, and recent accounting pronouncements. The company has a going concern doubt due to recurring losses and negative cash flows - The company incurred a **net loss of $12,690,000** and used **$9,790,000 cash in operations** for the nine months ended **September 30, 2020**, raising substantial doubt about its ability to continue as a **going concern**[34](index=34&type=chunk) - As of **September 30, 2020**, the company had **$10,772,000 in cash**, believed to be sufficient to sustain operations through **September 2021**[35](index=35&type=chunk) - Revenue is primarily derived from **SaaS subscriptions**, recognized over the subscription period (estimated **36 months**), and non-digital services (printing, fulfillment, shipping) recognized upon completion and shipment[44](index=44&type=chunk)[50](index=50&type=chunk)[53](index=53&type=chunk) [3. ACQUISITIONS](index=20&type=section&id=3.%20ACQUISITIONS) This note details two significant acquisitions: Verb Direct in April 2019 and Ascend Certification (SoloFire) in September 2020. Both acquisitions aimed to augment and diversify Verb's SaaS business, contributing to goodwill and intangible assets - Both **Verb Direct** and **SoloFire** acquisitions were intended to augment and diversify Verb's internet and **SaaS business**, generating future synergies[71](index=71&type=chunk)[78](index=78&type=chunk) Pro Forma Net Loss (Nine Months Ended Sep 30) | Period | Net Loss ($) | | :--- | :--- | | Sep 30, 2020 (Proforma) | (13,158,000) | | Sep 30, 2019 (Proforma) | (9,252,000) | [a. ACQUISITION OF VERB DIRECT](index=20&type=section&id=a.%20ACQUISITION%20OF%20VERB%20DIRECT) This section details the acquisition of Verb Direct, including the purchase price, consideration, and the resulting goodwill and intangible assets recorded - Acquisition Date: **April 12, 2019**[71](index=71&type=chunk) - Purchase Price: **$22,820,000**, consisting of **$15,000,000 cash** and **3,327,791 restricted shares of Verb's Common Stock** (fair value **$7,820,000**)[71](index=71&type=chunk) - **Goodwill & Intangible Assets**: **$22,67

VERB Technology Company Inc. (NASDAQ:VERB) Q2 2020 Earnings Conference Call August 14, 2020 4:30 PM ET Corporate Participants Rory Cutaia - Chief Executive Officer Jeff Clayborne - Chief Financial Officer Conference Call Participants Jon Hickman - Ladenburg Thalmann Operator Good afternoon and welcome to the Second Quarter 2020 Financial Results Conference Call from VERB Technology Company, Inc. Please be advised that this call is being recorded at the company's request. On our call today are Rory J. Cutaia ...

Financial Performance - Total revenue for Q2 2020 was $2.652 million, a decrease of 29% compared to $3.733 million in Q2 2019[16] - SaaS recurring subscription revenue increased to $1.274 million in Q2 2020, up 49% from $858,000 in Q2 2019[16] - Net loss for Q2 2020 was $3.424 million, compared to a net loss of $2.343 million in Q2 2019[16] - Total revenue for the six months ended June 30, 2020, was $5,006,000, with a gross margin of $2,808,000, resulting in a net loss of $9,321,000[77] - Net loss for the six months ended June 30, 2020, was $5,370,000, compared to a net loss of $5,351,000 for the same period in 2019[20] - Total revenue for the six months ended June 30, 2020 was $5.0 million, an increase of $1.3 million (34%) compared to $3.7 million for the same period in 2019[194] - Net loss for Q2 2020 was $3.4 million, compared to a net loss of $2.3 million in Q2 2019, reflecting an increase in losses of $1.1 million (47%)[182] Operating Expenses - Total operating expenses for Q2 2020 were $6.002 million, an increase of 16% from $5.164 million in Q2 2019[16] - Research and development expenses increased by $292,000 (22%) to $1.6 million in Q2 2020, primarily for the development of verbLIVE and enhancements to existing platforms[188] - General and administrative expenses increased by $757,000 (23%) to $4.0 million in Q2 2020, attributed to higher stock compensation and labor costs[190] - Total cost of revenue decreased by $907,000 (44%) to $1.1 million in Q2 2020, mainly due to lower non-digital revenue[185] - Research and development expenses rose to $2.9 million for the six months ended June 30, 2020, compared to $1.9 million for the same period in 2019[200] - General and administrative expenses increased to $7.5 million for the six months ended June 30, 2020, up from $5.5 million for the same period in 2019[202] Cash Flow and Liquidity - Cash and cash equivalents increased to $1.378 million as of June 30, 2020, from $983,000 at the end of 2019[13] - The company incurred a net loss of $5,370,000 and used cash in operations of $4,673,000 during the six months ended June 30, 2020, raising substantial doubt about its ability to continue as a going concern[34] - The company intends to seek additional debt or equity financing to sustain operations, with no assurance of future profitability[35] - The company raised $12.3 million in net proceeds from a public offering that closed on July 24, 2020, issuing 12,545,453 shares of Common Stock[139] - As of June 30, 2020, the company's cash increased from $1.378 million to a pro forma amount of $13.712 million following the public offering[141] - The company utilized cash in operations of $4.7 million during the six months ended June 30, 2020[209] Assets and Liabilities - Total assets as of June 30, 2020, were $28.375 million, slightly up from $28.359 million at the end of 2019[13] - Total liabilities increased to $18.928 million as of June 30, 2020, compared to $16.914 million at the end of 2019[13] - Stockholders' equity decreased to $9.447 million as of June 30, 2020, down from $11.445 million at the end of 2019[13] - The company reported a weighted average number of common shares outstanding of 27,905,680 for the six months ended June 30, 2020[77] Revenue Recognition and Business Model - Revenue is primarily derived from digital subscription-based SaaS recurring revenue, recognized over the subscription period, and digital non-subscription-based revenue, recognized upon completion and shipment[51][52] - The cost of revenue consists mainly of salaries, purchase price of consumer products, digital content costs, and shipping expenses[55] - The company recognizes revenue in accordance with ASC 606, which requires judgment in identifying contracts and performance obligations[45] - verbCRM was the primary source of subscription-based SaaS recurring digital revenue for the six months ended June 30, 2020[164] - verbLIVE is currently available to Salesforce users for a monthly subscription fee of $24.99 per user, allowing them to launch live stream ecommerce sessions directly from their Salesforce dashboard[177] Acquisitions and Investments - The company acquired a subsidiary, resulting in a cash outflow of $15,000,000 in the previous year[20] - Verb completed the acquisition of Verb Direct for a total consideration of $22,820,000, which included $15,000,000 in cash and 3,327,791 restricted shares valued at $7,820,000[71][72] - The acquisition resulted in recognized goodwill of $16,337,000 and intangible assets of $6,340,000, primarily due to anticipated future synergies[72][73] - The company has executed a letter of intent for a potential acquisition to expand into a new business vertical, with due diligence currently underway[179] Stock and Compensation - The Company awarded annual incentive compensation of $430,000 to CEO Rory Cutaia and $125,000 to CFO Jeff Clayborne, with payments deferred to January 10, 2021, and January 10, 2022[97] - The board approved an annual base salary of $490,000 for the CEO and $250,000 for the CFO, along with target cash bonuses of $490,000 and $125,000 respectively[149] - The Company granted stock options to employees to purchase a total of 346,637 shares of Common Stock with an average exercise price of $1.39 per share, totaling a fair value of approximately $463,000[118] - The total fair value of restricted stock awards that vested or were deemed vested during the six months ended June 30, 2020 was $1,209,000, included in selling, general and administrative expenses[113] Impact of COVID-19 - The company experienced significant disruptions to its business operations due to the COVID-19 pandemic, which negatively impacted sales and overall financial condition[135] - The Company implemented a COVID-19 Full Employment and Cash Preservation Plan, reducing cash compensation by 25% for directors and senior management, and 20% for other employees[112]

VERB Technology Company Inc (NASDAQ:VERB) Q4 2019 and Q1 2020 Results Conference Call May 18, 2020 5:00 PM ET Company Participants Rory Cutaia - CEO Jeff Clayborne - CFO Conference Call Participants Brian Kinstlinger - Alliance Global Partners Theodore O'Neill - Litchfield Hills Operator Good afternoon and welcome to the Fourth Quarter 2019 and First Quarter 2020 Financial Results Conference Call from VERB Technology Company, Inc. At this time, all participants are in a listen-only mode. Please be advised ...

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, 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 Verb Technology Company, Inc. (Exact name of Registrant as Specified in its Charter) | Nevada | 90- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Verb Technology Company, Inc. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2019 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 | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 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 (St ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) 2210 Newport Boulevard Suite 200 Newport Beach, California 92663 (Address of Principal Executive Offices including Zip Code) [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE S ...