VerifyMe reports Q4 adjusted EPS 2c vs. 1c last year

Reports Q4 revenue $8.7M vs. $9.7M last year. Adam Stedham, VerifyMe’s CEO and President stated, “I am pleased with our efficiency gains and margin improvements in Q4. We are enthusiastic about the strategy we articulated during the Investor Day, on February 6th. We have a strong balance sheet and 2023 was the company’s first year with positive cash flow from operations. Despite the reduced Q4 revenue, the Authentication segment’s pivot continues to progress. We are excited about our growth prospects in 2024 and believe the revenue growth will further increase our positive cash flow and create shareholder value.”