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Verb(VERB) - 2025 Q1 - Earnings Call Transcript
2025-05-13 18:02
Verb Technology (VERB) Q1 2025 Earnings Call May 13, 2025 01:00 PM ET Company Participants Rory Cutaia - Founder, Chairman, President & CEO Operator Good afternoon, and welcome to the First Quarter twenty twenty five Financial Results Conference Call for Verb Technology Company Incorporated. At this time, all participants are in a listen only mode. Please be advised the call is being recorded at the company's request. On our call today is Rory J. Cutayo, Verb's Founder, Chairman and CEO. Before we begin, I' ...
Verb(VERB) - 2025 Q1 - Earnings Call Transcript
2025-05-13 18:00
Financial Data and Key Metrics Changes - In Q1 2025, the company reported revenue of $1,300,000, representing an 80% increase over the previous quarter and approximately 46% growth compared to the total revenue of $895,000 for all of 2024 [7][8] - The company maintains a strong financial position with zero debt and a robust cash balance, having added $5,000,000 back onto the balance sheet through a non-dilutive funding opportunity [9][10] Business Line Data and Key Metrics Changes - The company has signed many high-profile clients for its Market.Live platform, although specific names cannot be disclosed due to contractual agreements [11] - The new technology allows streaming directly from clients' websites and multicasting across social media, enhancing client relationships and driving growth in shoppable ads [12][13] Market Data and Key Metrics Changes - The telehealth platforms, Vanity Prescribe and GoodGoRx, are experiencing month-over-month growth, contributing to recurring subscription-based revenue [13] - The crowdfunding TV show, GoFund Yourself, is gaining popularity, leading to increased demand from issuers and a more selective process for participation [13] Company Strategy and Development Direction - The company is focused on integrating AI technology into its platform and has successfully negotiated an acquisition deal valued at $8,500,000 [8] - The management team expresses confidence in the company's trajectory, emphasizing a clean capital structure and the ability to fund operations into 2028 and beyond [10] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about Q2 results, expecting them to surpass Q1 performance [15] - The CEO highlighted the company's resilience and the strong performance of each business division, indicating a positive outlook for future growth [5][6] Other Important Information - The company has a strong cash position and is not in a desperate search for capital, which is a significant advantage in the current market environment [10] - The management team has expressed gratitude for the support of the board and the commitment of the team during challenging times [5][6] Q&A Session Summary - No specific questions or answers were documented in the provided content, as the call concluded without a Q&A segment [16]
VERB Publishes Management's Prepared Remarks From Its First Quarter 2025 Earnings Call
GlobeNewswire News Room· 2025-05-13 17:20
LAS VEGAS, May 13, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; LyveCom; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today filed its Form 10-Q reporting financial and operating results for the quarter ending March 31, 2025 and held an earnings conference call at 1 p.m. ET to discuss these results. Prepared remarks during the confer ...
VERB Beats All Analysts Q1 2025 Financial Performance Estimates
GlobeNewswire News Room· 2025-05-13 12:30
Management Delivers Impressive 80% Revenue Growth Quarter-Over-Quarter Beats All Revenue and EPS Estimates By A Wide Margin Q1 2025 Revenue Exceeds Entire 2024 Annual Revenue Closed $8.5 Million Acquisition Of AI Social Commerce Technology Platform Lyvecom $5 Million Cash Added To Balance Sheet In Non-Dilutive, Non-Convertible, Preferred Stock Deal Zero Debt - Strong Cash Position – Expected To Fund Operations Into 2028 And Beyond Increased Growth Projected For Q2 2025 LAS VEGAS, May 13, 2025 (GLOBE NEWSWIR ...