VerifyMe(VRME) - 2024 Q2 - Quarterly Results

Exhibit 99.1 1 VerifyMe Reports Second Quarter 2024 Financial Results · Quarterly revenue of $5.4 million in Q2 2024, compared to $5.3 million in Q2 2023 · Gross Profit of $2.1 million or 39% in Q2 2024, compared to $1.6 million or 30% in Q2 2023, an increase of 32% · Net loss of ($0.3) million in Q2 2024, compared to a net loss of ($0.9) million in Q2 2023 · Adjusted EBITDA of $0.2 million in Q2 2024, compared to Adjusted EBITDA loss of ($0.4) million in Q2 2023 Lake Mary, FL – August 13, 2024 – PRNewswire ...