VerifyMe(US:VRME) Prnewswireยท2025-08-13 12:00Core Viewpoint - VerifyMe, Inc. reported a decrease in revenue for Q2 2025 compared to Q2 2024, primarily due to discontinued contracts, but showed positive adjusted EBITDA growth and cash generation [2][4][10]. Financial Performance - Revenue for Q2 2025 was $4.5 million, down from $5.4 million in Q2 2024, a decrease of $0.9 million [4][10]. - Gross profit in Q2 2025 was $1.6 million, resulting in a gross margin of 35%, compared to $2.1 million and 39% in Q2 2024 [5][10]. - Operating loss was ($0.3) million in Q2 2025, an improvement from ($0.5) million in Q2 2024, attributed to reduced operating expenses [6][10]. - Net loss for Q2 2025 was ($0.29) million, or ($0.02) per share, compared to a net loss of ($0.34) million, or ($0.03) per share in Q2 2024 [7][10]. - Adjusted EBITDA for Q2 2025 was $0.3 million, up from $0.2 million in Q2 2024 [8][10]. Cash Position - As of June 30, 2025, the company had a cash balance of $6.1 million, with cash provided by operations amounting to $0.7 million in Q2 2025, compared to $0.4 million in Q2 2024 [8][10]. Strategic Outlook - The CEO expressed optimism regarding year-to-date adjusted EBITDA growth over 2024, positive cash generation, and a new partnership with a major parcel carrier in the US, while also indicating plans for strategic acquisitions and organic revenue growth in 2026 [2].