VRME: Verifyme Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Verifyme Inc (VRME).
$14.28M Market Cap.
VRME Market Cap. (MRY)
VRME Shares Outstanding (MRY)
VRME Assets (MRY)
Total Assets
$16.07M
Total Liabilities
$5.85M
Total Investments
$0
VRME Income (MRY)
Revenue
$24.21M
Net Income
-$3.82M
Operating Expense
$13.05M
VRME Cash Flow (MRY)
CF Operations
$871.00K
CF Investing
-$575.00K
CF Financing
-$616.00K
VRME Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $16,067,000 (-22.40%) | $20,705,000 (-0.23%) | $20,752,000 (-4.32%) | $21,688,000 (147.18%) |
Assets Current | $6,362,000 (-17.23%) | $7,686,000 (-18.74%) | $9,458,000 (-5.52%) | $10,011,000 (22.07%) |
Assets Non-Current | $9,705,000 (-25.46%) | $13,019,000 (15.27%) | $11,294,000 (-3.28%) | $11,677,000 (1937.87%) |
Goodwill & Intangible Assets | $9,353,000 (-24.03%) | $12,311,000 (16.88%) | $10,533,000 (1969.35%) | $509,000 (36.46%) |
Shareholders Equity | $10,214,000 (-18.49%) | $12,531,000 (-7.77%) | $13,586,000 (-35.82%) | $21,167,000 (154.44%) |
Property Plant & Equipment Net | $352,000 (-50.28%) | $708,000 (-6.96%) | $761,000 (273.04%) | $204,000 (2.00%) |
Cash & Equivalents | $2,823,000 (-8.79%) | $3,095,000 (-9.26%) | $3,411,000 (-63.80%) | $9,422,000 (18.68%) |
Accumulated Other Comprehensive Income | $12,000 (700.00%) | -$2,000 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $10,964,000 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $10,964,000 (0%) |
Inventory | $39,000 (2.63%) | $38,000 (-53.09%) | $81,000 (55.77%) | $52,000 (-3.70%) |
Trade & Non-Trade Receivables | $3,369,000 (-21.63%) | $4,299,000 (-23.68%) | $5,633,000 (1796.63%) | $297,000 (858.06%) |
Trade & Non-Trade Payables | $2,971,000 (-10.24%) | $3,310,000 (-15.39%) | $3,912,000 (1047.21%) | $341,000 (-10.97%) |
Accumulated Retained Earnings (Deficit) | -$85,673,000 (-4.67%) | -$81,849,000 (-4.32%) | -$78,459,000 (-22.48%) | -$64,061,000 (5.34%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $2,222,000 (-24.73%) | $2,952,000 (25.67%) | $2,349,000 (0%) | $0 (0%) |
Debt Current | $608,000 (-9.25%) | $670,000 (8.94%) | $615,000 (0%) | $0 (0%) |
Debt Non-Current | $1,614,000 (-29.27%) | $2,282,000 (31.60%) | $1,734,000 (0%) | $0 (0%) |
Total Liabilities | $5,853,000 (-28.39%) | $8,174,000 (14.07%) | $7,166,000 (1275.43%) | $521,000 (14.51%) |
Liabilities Current | $4,239,000 (-17.55%) | $5,141,000 (-5.30%) | $5,429,000 (1106.44%) | $450,000 (17.49%) |
Liabilities Non-Current | $1,614,000 (-46.79%) | $3,033,000 (74.61%) | $1,737,000 (2346.48%) | $71,000 (-1.39%) |
VRME Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $24,207,000 (-4.37%) | $25,313,000 (29.31%) | $19,576,000 (2157.90%) | $867,000 (152.77%) |
Cost of Revenue | $15,545,000 (-4.69%) | $16,310,000 (24.62%) | $13,088,000 (4783.58%) | $268,000 (332.26%) |
Selling General & Administrative Expense | $10,667,000 (-12.74%) | $12,224,000 (20.48%) | $10,146,000 (88.62%) | $5,379,000 (40.44%) |
Research & Development Expense | $70,000 (-34.58%) | $107,000 (20.22%) | $89,000 (74.51%) | $51,000 (168.42%) |
Operating Expenses | $13,052,000 (5.85%) | $12,331,000 (20.48%) | $10,235,000 (88.49%) | $5,430,000 (41.08%) |
Interest Expense | $130,000 (-19.25%) | $161,000 (82.95%) | $88,000 (4500.00%) | -$2,000 (-100.10%) |
Income Tax Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$3,824,000 (-12.80%) | -$3,390,000 (76.46%) | -$14,398,000 (-498.62%) | $3,612,000 (161.20%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$3,824,000 (-12.80%) | -$3,390,000 (76.46%) | -$14,398,000 (-498.62%) | $3,612,000 (161.20%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$3,824,000 (-12.80%) | -$3,390,000 (76.46%) | -$14,398,000 (-498.62%) | $3,612,000 (161.20%) |
Weighted Average Shares | $10,402,508 (6.51%) | $9,766,469 (15.36%) | $8,466,075 (19.06%) | $7,110,907 (78.66%) |
Weighted Average Shares Diluted | $10,402,508 (6.51%) | $9,766,469 (15.36%) | $8,466,075 (19.06%) | $7,110,907 (78.66%) |
Earning Before Interest & Taxes (EBIT) | -$3,694,000 (-14.40%) | -$3,229,000 (77.44%) | -$14,310,000 (-496.40%) | $3,610,000 (193.79%) |
Gross Profit | $8,662,000 (-3.79%) | $9,003,000 (38.76%) | $6,488,000 (983.14%) | $599,000 (113.17%) |
Operating Income | -$4,390,000 (-31.91%) | -$3,328,000 (11.18%) | -$3,747,000 (22.44%) | -$4,831,000 (-35.40%) |
VRME Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$575,000 (51.88%) | -$1,195,000 (84.84%) | -$7,884,000 (-176.53%) | -$2,851,000 (-2180.80%) |
Net Cash Flow from Financing | -$616,000 (-197.16%) | $634,000 (-85.67%) | $4,424,000 (-41.70%) | $7,588,000 (-24.81%) |
Net Cash Flow from Operations | $871,000 (256.97%) | $244,000 (109.56%) | -$2,551,000 (21.60%) | -$3,254,000 (-42.66%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$272,000 (13.92%) | -$316,000 (94.74%) | -$6,011,000 (-505.33%) | $1,483,000 (-80.71%) |
Net Cash Flow - Business Acquisitions and Disposals | -$52,000 (85.67%) | -$363,000 (95.16%) | -$7,500,000 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $32,000 (101.23%) | -$2,593,000 (0%) |
Capital Expenditure | -$523,000 (32.43%) | -$774,000 (-180.43%) | -$276,000 (-6.98%) | -$258,000 (-106.40%) |
Issuance (Repayment) of Debt Securities | -$500,000 (-183.33%) | $600,000 (408.47%) | $118,000 (4033.33%) | -$3,000 (-100.28%) |
Issuance (Purchase) of Equity Shares | $3,000 (-95.71%) | $70,000 (-98.39%) | $4,340,000 (-43.80%) | $7,722,000 (-14.42%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $48,000 (4700.00%) | $1,000 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $255,000 (27.50%) | $200,000 (37.93%) | $145,000 (-3.97%) | $151,000 (98.68%) |
Depreciation Amortization & Accretion | $1,212,000 (6.88%) | $1,134,000 (47.27%) | $770,000 (558.12%) | $117,000 (19.39%) |
VRME Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 35.80% (0.56%) | 35.60% (7.55%) | 33.10% (-52.10%) | 69.10% (-15.63%) |
Profit Margin | -15.80% (-17.91%) | -13.40% (81.77%) | -73.50% (-117.64%) | 416.60% (124.21%) |
EBITDA Margin | -10.30% (-24.10%) | -8.30% (88.01%) | -69.20% (-116.10%) | 429.90% (139.31%) |
Return on Average Equity (ROAE) | -33.90% (-24.18%) | -27.30% (71.29%) | -95.10% (-587.69%) | 19.50% (123.30%) |
Return on Average Assets (ROAA) | -23.10% (-32.00%) | -17.50% (76.54%) | -74.60% (-492.63%) | 19.00% (124.45%) |
Return on Sales (ROS) | -15.30% (-19.53%) | -12.80% (82.49%) | -73.10% (-117.56%) | 416.40% (137.11%) |
Return on Invested Capital (ROIC) | -151.70% (-41.51%) | -107.20% (58.50%) | -258.30% (-561.25%) | 56.00% (100.48%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -3.68 (-14.88%) | -3.2 (-369.21%) | -0.68 (-110.96%) | 6.22 (355.96%) |
Price to Sales Ratio (P/S) | 0.58 (35.19%) | 0.43 (-13.94%) | 0.5 (-98.07%) | 26.04 (-37.66%) |
Price to Book Ratio (P/B) | 1.4 (56.55%) | 0.89 (15.82%) | 0.77 (-29.59%) | 1.09 (-54.83%) |
Debt to Equity Ratio (D/E) | 0.57 (-12.12%) | 0.65 (23.72%) | 0.53 (2008.00%) | 0.03 (-54.55%) |
Earnings Per Share (EPS) | -0.37 (-5.71%) | -0.35 (79.41%) | -1.7 (-433.33%) | 0.51 (134.46%) |
Sales Per Share (SPS) | 2.33 (-10.22%) | 2.59 (12.11%) | 2.31 (1795.08%) | 0.12 (41.86%) |
Free Cash Flow Per Share (FCFPS) | 0.03 (161.11%) | -0.05 (83.83%) | -0.33 (32.39%) | -0.49 (18.21%) |
Book Value Per Share (BVPS) | 0.98 (-23.46%) | 1.28 (-20.06%) | 1.6 (-46.09%) | 2.98 (42.44%) |
Tangible Assets Book Value Per Share (TABVPS) | 0.65 (-24.91%) | 0.86 (-28.83%) | 1.21 (-59.47%) | 2.98 (41.07%) |
Enterprise Value Over EBIT (EV/EBIT) | -4 (0.00%) | -4 (-300.00%) | -1 (-133.33%) | 3 (200.00%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -5.69 (-1.08%) | -5.63 (-720.41%) | -0.69 (-120.39%) | 3.36 (212.06%) |
Asset Turnover | 1.46 (11.54%) | 1.31 (29.09%) | 1.01 (2104.35%) | 0.05 (2.22%) |
Current Ratio | 1.5 (0.40%) | 1.5 (-14.18%) | 1.74 (-92.17%) | 22.25 (3.89%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $348,000 (165.66%) | -$530,000 (81.25%) | -$2,827,000 (19.50%) | -$3,512,000 (-45.97%) |
Enterprise Value (EV) | $14,119,376 (19.76%) | $11,789,823 (26.91%) | $9,290,077 (-25.91%) | $12,538,832 (11.36%) |
Earnings Before Tax (EBT) | -$3,824,000 (-12.80%) | -$3,390,000 (76.46%) | -$14,398,000 (-498.62%) | $3,612,000 (161.20%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$2,482,000 (-18.47%) | -$2,095,000 (84.53%) | -$13,540,000 (-463.29%) | $3,727,000 (199.36%) |
Invested Capital | $1,874,000 (-39.74%) | $3,110,000 (-16.58%) | $3,728,000 (-67.03%) | $11,307,000 (7388.08%) |
Working Capital | $2,123,000 (-16.58%) | $2,545,000 (-36.83%) | $4,029,000 (-57.86%) | $9,561,000 (22.29%) |
Tangible Asset Value | $6,714,000 (-20.01%) | $8,394,000 (-17.86%) | $10,219,000 (-51.75%) | $21,179,000 (152.10%) |
Market Capitalization | $14,279,376 (27.60%) | $11,190,823 (6.77%) | $10,481,077 (-54.76%) | $23,168,832 (14.91%) |
Average Equity | $11,285,500 (-9.26%) | $12,437,500 (-17.87%) | $15,143,000 (-18.40%) | $18,557,000 (163.30%) |
Average Assets | $16,580,500 (-14.25%) | $19,336,500 (0.21%) | $19,296,750 (1.40%) | $19,030,000 (150.37%) |
Invested Capital Average | $2,434,500 (-19.17%) | $3,011,750 (-45.65%) | $5,541,000 (-14.03%) | $6,445,500 (19538.34%) |
Shares | 10,499,541 (5.08%) | 9,991,806 (10.58%) | 9,035,411 (23.82%) | 7,297,270 (30.29%) |
