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VERB's MARKET.live Tapped to Produce Walmart Livestream for Popular Wellness Brand BelliWelli
Globenewswire· 2025-06-26 12:30
Core Viewpoint - Verb Technology Company, Inc. is leveraging its MARKET.live division to host an exclusive livestream shopping event for BelliWelli on Walmart.com, highlighting the growing trend of livestream shopping in retail [1][4]. Company Overview - Verb Technology Company, Inc. operates in social commerce, social telehealth, and social crowdfunding, utilizing its various platforms including MARKET.live, LyveCom, VANITYPrescribed, and GoodGirlRx [5][6]. - The company aims to transform the retail landscape by providing advanced AI capabilities for real-time user engagement and content creation, enhancing the shopping experience [6]. Event Details - The livestream event for BelliWelli will take place on July 1, 2025, at 4:00 PM PT, marking the brand's debut on Walmart.com [2]. - The event will be produced from MARKET.live Studios in California, ensuring a high-quality livestream shopping experience [2][3]. Industry Trends - Livestream shopping is becoming increasingly popular among major brands and retailers as a method to boost customer engagement and conversion rates, creating a more personalized shopping experience [4].
VERB Publishes Management's Prepared Remarks From Its First Quarter 2025 Earnings Call
GlobeNewswire News Room· 2025-05-13 17:20
Core Viewpoint - Verb Technology Company, Inc. reported strong financial results for Q1 2025, showcasing significant revenue growth and successful acquisitions, while maintaining a robust cash position and zero debt [5][8][10]. Financial Performance - The company reported revenue of $1.3 million for Q1 2025, representing an 80% increase over Q4 2024 and approximately 46% growth compared to the total revenue of $895,000 for all of 2024 [8]. - The company has a clean balance sheet with zero debt and a strong cash position, allowing it to fund operations easily into 2028 and beyond [10][12]. Business Developments - Verb Technology completed an $8.5 million cash and stock acquisition of an AI social commerce technology company, integrating its technology into Verb's platform [9]. - The company signed numerous high-profile clients for its MARKET.live platform, which is now white-labeling its services for various brands [13]. Product and Service Growth - The telehealth platforms, VanityPrescribed and GoodGirlRx, are experiencing month-over-month growth, contributing to recurring subscription-based revenue [15]. - The "Go Fund Yourself" crowdfunding TV show is gaining popularity, leading to increased demand from issuers and the production of multiple episodes each month [15]. Technology and Innovation - MARKET.live has enhanced its technology to allow streaming directly from clients' websites, enabling brands to maintain customer relationships while broadcasting across social media [14]. - The company leverages advanced AI capabilities for user-generated content creation and automated video content repurposing, optimizing merchandising strategies and increasing conversion rates [20].
VERB Beats All Analysts Q1 2025 Financial Performance Estimates
GlobeNewswire News Room· 2025-05-13 12:30
Core Insights - Verb Technology Company, Inc. reported an impressive revenue growth of 80% quarter-over-quarter and an extraordinary increase of 18,543% year-over-year for Q1 2025, with total revenue reaching $1.305 million, surpassing the entire annual revenue of 2024 [1][5][14] - The company successfully closed an acquisition of AI social commerce technology platform Lyvecom for $8.5 million and added $5 million in cash to its balance sheet through a non-dilutive, non-convertible preferred stock deal [1][5][25] - Verb Technology maintains a strong cash position with zero debt, expected to fund operations into 2028 and beyond, indicating robust financial health [1][5][21] Financial Performance - For the three months ended March 31, 2025, revenue was $1,305 thousand, a significant increase of $1,298 thousand compared to $7 thousand in the same period of 2024, marking a growth of 18,543% [4][7] - The operating loss from continuing operations improved to $(2,659) thousand, a reduction of $558 thousand or 17% compared to the prior year [5][18] - General and administrative expenses increased slightly by $368 thousand, representing a 12% rise over the previous year, indicating that revenue growth is driving performance rather than cost-cutting measures [5][10] Acquisition and Strategic Moves - The acquisition of Lyvecom is valued at $8.5 million, enhancing Verb's capabilities in the social commerce space [1][5][25] - The company has replenished cash reserves through a strategic financing move, ensuring liquidity for future operations and growth initiatives [1][5][21] Cash and Debt Position - As of March 31, 2025, Verb Technology reported cash and investments totaling $12.236 million, down from $13.408 million a year earlier, but still indicating a solid liquidity position [21] - The company has retired all remaining debt, reinforcing its zero-debt status and financial stability [1][5]
VERB to Host First Quarter 2025 Earnings Call on Tuesday, May 13, 2025, at 1:00 p.m. ET
Globenewswire· 2025-05-09 17:16
Core Viewpoint - Verb Technology Company, Inc. is set to discuss its financial results for Q1 2025 on May 13, 2025, highlighting its innovative approach in social commerce, telehealth, and crowdfunding [1][2]. Company Overview - Verb Technology Company operates several business units focused on transforming social commerce, telehealth, and crowdfunding through platforms like MARKET.live, VANITYPrescribed, GoodGirlRx, and the GO FUND YOURSELF TV Show [1][3]. - The company leverages advanced AI technology to enhance user engagement and optimize content creation for brands, aiming to provide a seamless omnichannel shopping experience [3]. Upcoming Events - A conference call will be hosted by CEO Rory J. Cutaia on May 13, 2025, at 1:00 p.m. Eastern time to discuss the financial results, with a press release to be issued beforehand [1][2]. - A telephonic replay of the conference call will be available from May 13, 2025, at 5:00 p.m. Eastern time until May 27, 2025, at 11:59 p.m. Eastern time [2][3]. Product and Service Innovations - MARKET.live is a multi-vendor, livestream social shopping platform that integrates AI capabilities for real-time content creation and audience engagement [3]. - The GO FUND YOURSELF platform combines an interactive TV show with crowdfunding capabilities, allowing viewers to invest in real-time as they watch presentations [3]. - VANITYPrescribed and GoodGirlRx are telehealth portals designed to provide affordable healthcare solutions without hidden fees, aiming to disrupt traditional healthcare models [3].
VERB CEO Rory J. Cutaia Interview Live from the Floor of the NY Stock Exchange on Cheddar TV's Power Players
GlobeNewswire News Room· 2025-05-07 13:00
Core Insights - Verb Technology Company, Inc. is transforming social commerce, telehealth, and crowdfunding through innovative platforms and technologies [1][4] - CEO Rory J. Cutaia will discuss the company's growth strategies and the new crowdfunding TV show "GO FUND YOURSELF" on Cheddar TV [2][3] Company Overview - Verb Technology Company operates multiple business units leveraging social commerce technology and video marketing expertise, including MARKET.live, LyveCom, VANITYPrescribed, and GoodGirlRx [4] - The company is headquartered in Las Vegas, NV, with production and creator studios in Los Angeles, CA [8] Product and Service Innovations - MARKET.live is a multi-vendor, livestream social shopping platform that enhances the shopping experience through AI capabilities, enabling real-time user-generated content and automated video ads [5] - The "GO FUND YOURSELF" TV show combines interactive crowdfunding with real-time investment opportunities, allowing viewers to engage directly with presenting companies [6] - VANITYPrescribed and GoodGirlRx are telehealth portals designed to provide affordable healthcare solutions without hidden fees, disrupting traditional healthcare pricing models [7] Recent Developments - The recent acquisition of LyveCom, an AI technology innovator in social commerce, is part of Verb's ambitious growth plans [2]