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VerifyMe, Inc. (VRME) 10-Year Financial Performance & Capital Metrics

VRME • • Industrial / General
IndustrialsSecurity ServicesBiometric & Identity SolutionsDigital Identity & Tracking
AboutVerifyMe, Inc., a technology solutions provider, provides products to connect brands with consumers in the United States. The company offers VerifyMe Engage services that provides the ability for the brand owner to gather business intelligence and engage with the consumer using authentication test as the initial contact with the consumer. It also offers VerifyMe Authenticate services that provide an assortment of tools through its patented products comprising VerifyInk, a patented invisible ink; VerifyAuthenticator technology, a device used with a smartphone and the VerifyMe app to authenticate and decode VerifyInk codes; VerifyLabel, a tamper proof labels; and VerifyChecker, a handheld device that is tuned to authenticate the unique frequency of VerifyInk invisible ink. In addition, the company provides VerifyMe Track & Trace, a supply chain serialization, track and trace technology utilizing overt dynamic codes, such as VerifyCode, which is tied to cloud-based authentication and track and trace system. Further, it offers VerifyMe Online that includes technologies and services that enable customers to tackle counterfeit websites, domains and e-commerce platforms, and social media sites offering or promoting counterfeit products. VerifyMe, Inc. has a strategic partnership with INX International Ink Company. The company was formerly known as LaserLock Technologies, Inc. and changed its name to VerifyMe, Inc. in July 2015. VerifyMe, Inc. was incorporated in 1999 and is headquartered in Rochester, New York.Show more
  • Revenue $24M -4.4%
  • EBITDA -$863K +59.0%
  • Net Income -$4M -12.8%
  • EPS (Diluted) -0.37 -5.7%
  • Gross Margin 35.78% +12.9%
  • EBITDA Margin -3.57% +57.1%
  • Operating Margin -8.57% +33.0%
  • Net Margin -15.8% -18.0%
  • ROE -33.63% -29.5%
  • ROIC -14.15% +27.4%
  • Debt/Equity 0.22 -7.7%
  • Interest Coverage -15.96 +20.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 150.6%
  • ✓Trading at only 1.4x book value
  • ✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y69.37%
5Y150.58%
3Y203.37%
TTM-14.21%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-42.1%

EPS CAGR

10Y-
5Y-
3Y-
TTM-18.56%

ROCE

10Y Avg-125.05%
5Y Avg-34.99%
3Y Avg-18.87%
Latest-15.15%

Peer Comparison

Digital Identity & Tracking
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Quality & Returns
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Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SPCBSuperCom Ltd.38.83M8.2921.824.01%13.44%10%2.63
LGMKLogicMark, Inc.652.37K0.72-0.05-0.28%-90.92%-49.11%0.00
VRMEVerifyMe, Inc.17.54M1.41-3.81-4.37%-21.78%-42.5%1.98%0.22

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+217.27K37.05K074.88K245K343K867K19.58M25.31M24.21M
Revenue Growth %0.74%-0.83%-1%-2.27%0.4%1.53%21.58%0.29%-0.04%
Cost of Goods Sold+65.72K24.36K43.09K28.8K45K62K268K13.09M17.29M15.54M
COGS % of Revenue0.3%0.66%-0.38%0.18%0.18%0.31%0.67%0.68%0.64%
Gross Profit+151.54K12.69K-43.09K46.08K200K281K599K6.49M8.03M8.66M
Gross Margin %0.7%0.34%-0.62%0.82%0.82%0.69%0.33%0.32%0.36%
Gross Profit Growth %12.09%-0.92%-4.4%2.07%3.34%0.41%1.13%9.83%0.24%0.08%
Operating Expenses+5.39M3.75M2.84M2.64M2.63M3.85M5.43M10.23M11.26M10.74M
OpEx % of Revenue24.83%101.12%-35.28%10.75%11.22%6.26%0.52%0.44%0.44%
Selling, General & Admin2.98M3.5M2.71M2.45M2.63M3.83M5.38M10.15M6.06M5.21M
SG&A % of Revenue13.72%94.37%-32.77%10.72%11.17%6.2%0.52%0.24%0.22%
Research & Development2.41M250.18K128.04K187.66K5K19K51K89K107K70K
R&D % of Revenue11.11%6.75%-2.51%0.02%0.06%0.06%0%0%0%
Other Operating Expenses00-331.52K05730005.1M5.45M
Operating Income+-5.24M-3.73M-2.84M-2.6M-2.43M-3.57M-4.83M-3.75M-3.24M-2.08M
Operating Margin %-24.13%-100.78%--34.66%-9.93%-10.4%-5.57%-0.19%-0.13%-0.09%
Operating Income Growth %0.61%0.29%0.24%0.08%0.06%-0.47%-0.35%0.22%0.14%0.36%
EBITDA+-5.15M-3.7M-2.79M-2.57M-2.4M-3.47M-4.71M-2.98M-2.1M-863K
EBITDA Margin %-23.7%-99.96%--34.38%-9.79%-10.12%-5.44%-0.15%-0.08%-0.04%
EBITDA Growth %0.62%0.28%0.25%0.08%0.07%-0.45%-0.36%0.37%0.29%0.59%
D&A (Non-Cash Add-back)94.12K30.2K43.09K20.96K34K98K117K770K1.13M1.21M
EBIT-2.24M-1.63M-3.17M-2.6M-2.41M-3.57M-4.83M-14.31M-3.23M-3.69M
Net Interest Income+-61.44K-12.87K06.66K-97K-2.05M0-88K-161K-130K
Interest Income0000000000
Interest Expense61.44K12.87K218.32K6.66K97K2.05M088K161K130K
Other Income/Expense2.94M2.09M-549.84K-336.66K-74.43K-2.33M8.44M-10.65M-152K-1.75M
Pretax Income+-2.3M-1.65M-3.39M-2.93M-2.51M-5.9M3.61M-14.4M-3.39M-3.82M
Pretax Margin %-10.59%-44.43%--39.16%-10.23%-17.21%4.17%-0.74%-0.13%-0.16%
Income Tax+012.87K00000000
Effective Tax Rate %1%1%1%1%1%1%1%1%1%1%
Net Income+-2.3M-1.65M-3.39M-2.93M-2.51M-5.9M3.61M-14.4M-3.39M-3.82M
Net Margin %-10.59%-44.43%--39.16%-10.23%-17.21%4.17%-0.74%-0.13%-0.16%
Net Income Growth %0.71%0.28%-1.06%0.13%0.15%-1.35%1.61%-4.99%0.76%-0.13%
Net Income (Continuing)-2.3M-1.65M-3.39M-2.93M-2.51M-5.9M3.61M-14.4M-3.39M-3.82M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-19.26-9.88-3.16-1.43-1.20-1.480.49-1.70-0.35-0.37
EPS Growth %0.82%0.49%0.68%0.55%0.16%-0.23%1.33%-4.47%0.79%-0.06%
EPS (Basic)-19.26-9.88-3.16-1.43-1.20-1.480.51-1.70-0.35-0.37
Diluted Shares Outstanding119.54K166.61K1.07M2.04M2.15M3.98M7.38M8.47M9.77M10.4M
Basic Shares Outstanding119.54K166.61K1.07M2.04M2.15M3.98M7.11M8.47M9.69M10.4M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+32.84K49.16K711.67K1.77M447K8.2M10.01M9.46M7.69M6.36M
Cash & Short-Term Investments4.15K22.64K693K1.67M253K7.94M9.42M3.41M3.1M2.82M
Cash Only4.15K22.64K693K1.67M253K7.94M9.42M3.41M3.1M2.82M
Short-Term Investments0000000000
Accounts Receivable00030.37K81K31K297K5.63M4.3M3.37M
Days Sales Outstanding---148.04120.6732.99125.03105.0361.9950.8
Inventory28.69K17.09K041.98K30K54K52K81K38K39K
Days Inventory Outstanding159.32256.08-532.03243.33317.970.822.260.80.92
Other Current Assets00025.78K51K00100K0131K
Total Non-Current Assets+304.33K231.95K191.51K279.28K496K573K11.68M11.29M13.02M9.71M
Property, Plant & Equipment7.84K000177K200K204K761K708K352K
Fixed Asset Turnover27.72x---1.38x1.72x4.25x25.72x35.75x68.77x
Goodwill00000003.99M5.38M3.99M
Intangible Assets259.29K231.95K191.51K279.28K319K373K509K6.41M6.75M5.37M
Long-Term Investments00000010.96M000
Other Non-Current Assets37.2K000000133K174K0
Total Assets+337.17K281.11K903.18K2.05M943K8.77M21.69M20.75M20.7M16.07M
Asset Turnover0.64x0.13x-0.04x0.26x0.04x0.04x0.94x1.22x1.51x
Asset Growth %-0.4%-0.17%2.21%1.27%-0.54%8.3%1.47%-0.04%-0%-0.22%
Total Current Liabilities+702.97K1.56M1.1M480.25K1.01M383K450K5.43M5.14M4.24M
Accounts Payable652.97K867.44K923.2K411.21K422K383K341K3.91M3.31M2.97M
Days Payables Outstanding3.63K13K7.82K5.21K3.42K2.25K464.42109.169.8969.76
Short-Term Debt50K68.07K50K0298K00500K500K500K
Deferred Revenue (Current)-652.97K-803.42K00000000
Other Current Liabilities0623.46K122.48K0171K000173K0
Current Ratio0.05x0.03x0.65x3.69x0.44x21.41x22.25x1.74x1.50x1.50x
Quick Ratio0.01x0.02x0.65x3.60x0.41x21.27x22.13x1.73x1.49x1.49x
Cash Conversion Cycle----4.53K-3.06K-1.9K-268.57-1.81-7.1-18.05
Total Non-Current Liabilities+1.8M000072K71K1.74M3.03M1.61M
Long-Term Debt0000072K01.38M1.98M1.48M
Capital Lease Obligations0000000359K307K139K
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities1.8M0000071K3K751K0
Total Liabilities2.51M1.56M1.1M480.25K1.01M455K521K7.17M8.17M5.85M
Total Debt+50K68.07K50K0298K72K02.35M2.95M2.22M
Net Debt45.85K45.42K-643K-1.67M45K-7.87M-9.42M-1.06M-143K-601K
Debt / Equity-----0.01x-0.17x0.24x0.22x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-85.33x-290.14x-12.99x-389.53x-25.08x-1.74x--42.58x-20.11x-15.96x
Total Equity+-2.17M-1.28M-192.5K1.57M-67K8.32M21.17M13.59M12.53M10.21M
Equity Growth %0.82%0.41%0.85%9.16%-1.04%125.16%1.54%-0.36%-0.08%-0.18%
Book Value per Share-18.14-7.67-0.180.77-0.032.092.871.601.280.98
Total Shareholders' Equity-2.17M-1.28M-192.5K1.57M-67K8.32M21.17M13.59M12.53M10.21M
Common Stock5.98K8.33K53.52K102.2K2K6K7K10K10K11K
Retained Earnings-40M-41.64M-56.33M-59.26M-61.77M-67.67M-64.06M-78.46M-81.85M-85.67M
Treasury Stock-113.39K-113.39K-113.39K-113.39K-113K-113K-838K-949K-659K-480K
Accumulated OCI-3.68M000000-3K-2K12K
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-1.5M-1.34M-935.92K-2.38M-1.58M-2.28M-3.25M-2.55M244K871K
Operating CF Margin %-6.88%-36.29%--31.74%-6.44%-6.65%-3.75%-0.13%0.01%0.04%
Operating CF Growth %0.26%0.1%0.3%-1.54%0.34%-0.44%-0.43%0.22%1.1%2.57%
Net Income-2.3M-1.65M-3.39M-2.93M-2.51M-5.9M3.61M-14.4M-3.39M-3.82M
Depreciation & Amortization94.12K30.2K43.09K20.96K34K98K117K770K1.13M1.21M
Stock-Based Compensation1.35M2.11M139.81K323.12K138K590K1.63M145K200K255K
Deferred Taxes0-1.38M1.3M245.53K000000
Other Non-Cash Items325.61K712.6K901.06K102.88K740K3.09M-8.36M11.95M1.68M2.92M
Working Capital Changes386.83K253.83K69.72K-136.74K16K-156K-258K-1.02M620K304K
Change in Receivables68.67K00-30.37K-51K50K-354K-3.35M1.2M819K
Change in Inventory68.67K11.59K17.09K-41.98K12K-24K2K-29K-57K0
Change in Payables330.06K251.66K61.87M-352.01M0-37K69K3.62M-531K-630K
Cash from Investing+-2.53K0-2.65K-108.74K-302K-125K-2.85M-7.88M-1.2M-575K
Capital Expenditures-2.53K0-2.65K-108.74K-228K-22K-258K-276K-35K-7K
CapEx % of Revenue0.01%--1.45%0.93%0.06%0.3%0.01%0%0%
Acquisitions----------
Investments----------
Other Investing-1000-2.65K-108.74K-74K-103K0-140K-797K-516K
Cash from Financing+1.44M1.36M1.61M3.47M461K10.09M7.59M4.42M634K-616K
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0-1.28M-596.88M0000000
Share Repurchases----------
Other Financing1.33M-17.5K598.21M2.31M00-131K68K-36K-119K
Net Change in Cash----------
Free Cash Flow+-1.5M-1.34M-938.57K-2.49M-1.88M-2.41M-3.51M-2.83M-530K348K
FCF Margin %-6.89%-36.29%--33.19%-7.68%-7.01%-4.05%-0.14%-0.02%0.01%
FCF Growth %0.26%0.1%0.3%-1.65%0.24%-0.28%-0.46%0.2%0.81%1.66%
FCF per Share-12.53-8.07-0.88-1.22-0.88-0.60-0.48-0.33-0.050.03
FCF Conversion (FCF/Net Income)0.65x0.82x0.28x0.81x0.63x0.39x-0.90x0.18x-0.07x-0.23x
Interest Paid00000000165K0
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)----425.65%-333.52%-143.04%24.5%-82.86%-25.96%-33.63%
Return on Invested Capital (ROIC)------1244.65%-59.41%-23.16%-19.5%-14.15%
Gross Margin69.75%34.25%-61.54%81.63%81.92%69.09%33.14%31.71%35.78%
Net Margin-1059.47%-4442.73%--3916.01%-1023.27%-1720.7%416.61%-73.55%-13.39%-15.8%
Debt / Equity-----0.01x-0.17x0.24x0.22x
Interest Coverage-85.33x-290.14x-12.99x-389.53x-25.08x-1.74x--42.58x-20.11x-15.96x
FCF Conversion0.65x0.82x0.28x0.81x0.63x0.39x-0.90x0.18x-0.07x-0.23x
Revenue Growth74.38%-82.95%-100%-227.17%40%152.77%2157.9%29.31%-4.37%

Revenue by Segment

202220232024
Premium Services2.99M4.77M4.4M
Premium Services Growth-59.74%-7.79%

Frequently Asked Questions

Growth & Financials

VerifyMe, Inc. (VRME) reported $21.7M in revenue for fiscal year 2024. This represents a 243810% increase from $0.0M in 2011.

VerifyMe, Inc. (VRME) saw revenue decline by 4.4% over the past year.

VerifyMe, Inc. (VRME) reported a net loss of $4.7M for fiscal year 2024.

Dividend & Returns

VerifyMe, Inc. (VRME) has a return on equity (ROE) of -33.6%. Negative ROE indicates the company is unprofitable.

VerifyMe, Inc. (VRME) generated $0.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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