VRME Financial Statements

Balance sheet, income statement, cash flow, and dividends for Verifyme Inc (VRME).


$11.19M Market Cap.

As of 04/01/2024 5:00 PM ET (MRY) • Disclaimer

VRME Market Cap. (MRY)


VRME Shares Outstanding (MRY)


VRME Assets (MRY)


Total Assets

$20.70M

Total Liabilities

$8.17M

Total Investments

$0

VRME Income (MRY)


Revenue

$25.31M

Net Income

-$3.39M

Operating Expense

$12.33M

VRME Cash Flow (MRY)


CF Operations

$244.00K

CF Investing

-$1.20M

CF Financing

$634.00K

VRME Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

0%

-

2020

$0

0%

0%

0%

-

2019

$0

0%

-

0%

-

VRME Balance Sheet (MRY)


Metric

2023

2022

2021

2020

Total Assets

$20,705,000 (-0.23%)

$20,752,000 (-4.32%)

$21,688,000 (147.18%)

$8,774,000 (830.43%)

Assets Current

$7,686,000 (-18.74%)

$9,458,000 (-5.52%)

$10,011,000 (22.07%)

$8,201,000 (1734.68%)

Assets Non-Current

$13,019,000 (15.27%)

$11,294,000 (-3.28%)

$11,677,000 (1937.87%)

$573,000 (15.52%)

Goodwill & Intangible Assets

$12,311,000 (16.88%)

$10,533,000 (1969.35%)

$509,000 (36.46%)

$373,000 (16.93%)

Shareholders Equity

$12,531,000 (-7.77%)

$13,586,000 (-35.82%)

$21,167,000 (154.44%)

$8,319,000 (12516.42%)

Property Plant & Equipment Net

$708,000 (-6.96%)

$761,000 (273.04%)

$204,000 (2.00%)

$200,000 (12.99%)

Cash & Equivalents

$3,095,000 (-9.26%)

$3,411,000 (-63.80%)

$9,422,000 (18.68%)

$7,939,000 (3037.94%)

Accumulated Other Comprehensive Income

-$2,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$0 (0%)

$0 (0%)

$10,964,000 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$0 (0%)

$10,964,000 (0%)

$0 (0%)

Inventory

$38,000 (-53.09%)

$81,000 (55.77%)

$52,000 (-3.70%)

$54,000 (80.00%)

Trade & Non-Trade Receivables

$4,299,000 (-23.68%)

$5,633,000 (1796.63%)

$297,000 (858.06%)

$31,000 (-61.73%)

Trade & Non-Trade Payables

$3,310,000 (-15.39%)

$3,912,000 (1047.21%)

$341,000 (-10.97%)

$383,000 (-9.24%)

Accumulated Retained Earnings (Deficit)

-$81,849,000 (-4.32%)

-$78,459,000 (-22.48%)

-$64,061,000 (5.34%)

-$67,673,000 (-9.55%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$2,952,000 (25.67%)

$2,349,000 (0%)

$0 (0%)

$72,000 (-75.84%)

Debt Current

$670,000 (8.94%)

$615,000 (0%)

$0 (0%)

$0 (0%)

Debt Non-Current

$2,282,000 (31.60%)

$1,734,000 (0%)

$0 (0%)

$72,000 (0%)

Total Liabilities

$8,174,000 (14.07%)

$7,166,000 (1275.43%)

$521,000 (14.51%)

$455,000 (-54.95%)

Liabilities Current

$5,141,000 (-5.30%)

$5,429,000 (1106.44%)

$450,000 (17.49%)

$383,000 (-62.08%)

Liabilities Non-Current

$3,033,000 (74.61%)

$1,737,000 (2346.48%)

$71,000 (-1.39%)

$72,000 (0%)

VRME Income Statement (MRY)


Metric

2023

2022

2021

2020

Revenues

$25,313,000 (29.31%)

$19,576,000 (2157.90%)

$867,000 (152.77%)

$343,000 (40.00%)

Cost of Revenue

$16,310,000 (24.62%)

$13,088,000 (4783.58%)

$268,000 (332.26%)

$62,000 (37.78%)

Selling General & Administrative Expense

$12,224,000 (20.48%)

$10,146,000 (88.62%)

$5,379,000 (40.44%)

$3,830,000 (45.79%)

Research & Development Expense

$107,000 (20.22%)

$89,000 (74.51%)

$51,000 (168.42%)

$19,000 (280.00%)

Operating Expenses

$12,331,000 (20.48%)

$10,235,000 (88.49%)

$5,430,000 (41.08%)

$3,849,000 (46.24%)

Interest Expense

$161,000 (82.95%)

$88,000 (4500.00%)

-$2,000 (-100.10%)

$2,053,000 (2016.49%)

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

-$3,390,000 (76.46%)

-$14,398,000 (-498.62%)

$3,612,000 (161.20%)

-$5,902,000 (-135.42%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$3,390,000 (76.46%)

-$14,398,000 (-498.62%)

$3,612,000 (161.20%)

-$5,902,000 (-135.42%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$3,390,000 (76.46%)

-$14,398,000 (-498.62%)

$3,612,000 (161.20%)

-$5,902,000 (-135.42%)

Weighted Average Shares

$9,766,469 (15.36%)

$8,466,075 (19.06%)

$7,110,907 (78.66%)

$3,980,202 (85.20%)

Weighted Average Shares Diluted

$9,766,469 (15.36%)

$8,466,075 (19.06%)

$7,110,907 (78.66%)

$3,980,202 (85.20%)

Earning Before Interest & Taxes (EBIT)

-$3,229,000 (77.44%)

-$14,310,000 (-496.40%)

$3,610,000 (193.79%)

-$3,849,000 (-59.71%)

Gross Profit

$9,003,000 (38.76%)

$6,488,000 (983.14%)

$599,000 (113.17%)

$281,000 (40.50%)

Operating Income

-$3,328,000 (11.18%)

-$3,747,000 (22.44%)

-$4,831,000 (-35.40%)

-$3,568,000 (-46.71%)

VRME Cash Flow Statement (MRY)


Metric

2023

2022

2021

2020

Net Cash Flow from Investing

-$1,195,000 (84.84%)

-$7,884,000 (-176.53%)

-$2,851,000 (-2180.80%)

-$125,000 (58.61%)

Net Cash Flow from Financing

$634,000 (-85.67%)

$4,424,000 (-41.70%)

$7,588,000 (-24.81%)

$10,092,000 (2089.15%)

Net Cash Flow from Operations

$244,000 (109.56%)

-$2,551,000 (21.60%)

-$3,254,000 (-42.66%)

-$2,281,000 (-44.46%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$316,000 (94.74%)

-$6,011,000 (-505.33%)

$1,483,000 (-80.71%)

$7,686,000 (641.27%)

Net Cash Flow - Business Acquisitions and Disposals

-$363,000 (95.16%)

-$7,500,000 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$32,000 (101.23%)

-$2,593,000 (0%)

$0 (0%)

Capital Expenditure

-$774,000 (-180.43%)

-$276,000 (-6.98%)

-$258,000 (-106.40%)

-$125,000 (58.61%)

Issuance (Repayment) of Debt Securities

$600,000 (408.47%)

$118,000 (4033.33%)

-$3,000 (-100.28%)

$1,069,000 (131.89%)

Issuance (Purchase) of Equity Shares

$70,000 (-98.39%)

$4,340,000 (-43.80%)

$7,722,000 (-14.42%)

$9,023,000 (0%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$1,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$200,000 (37.93%)

$145,000 (-3.97%)

$151,000 (98.68%)

$76,000 (-44.93%)

Depreciation Amortization & Accretion

$1,134,000 (47.27%)

$770,000 (558.12%)

$117,000 (19.39%)

$98,000 (188.24%)

VRME Financial Metrics (MRY)


Metric

2023

2022

2021

2020

Gross Margin

35.60% (7.55%)

33.10% (-52.10%)

69.10% (-15.63%)

81.90% (0.37%)

Profit Margin

-13.40% (81.77%)

-73.50% (-117.64%)

416.60% (124.21%)

-1720.70% (-68.15%)

EBITDA Margin

-8.30% (88.01%)

-69.20% (-116.10%)

429.90% (139.31%)

-1093.60% (-12.77%)

Return on Average Equity (ROAE)

-27.30% (71.29%)

-95.10% (-587.69%)

19.50% (123.30%)

-83.70% (81.25%)

Return on Average Assets (ROAA)

-17.50% (76.54%)

-74.60% (-492.63%)

19.00% (124.45%)

-77.70% (60.82%)

Return on Sales (ROS)

-12.80% (82.49%)

-73.10% (-117.56%)

416.40% (137.11%)

-1122.20% (-14.08%)

Return on Invested Capital (ROIC)

-107.20% (58.50%)

-258.30% (-561.25%)

56.00% (100.48%)

-11727.20% (-1464.90%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-3.2 (-369.21%)

-0.68 (-110.96%)

6.22 (355.96%)

-2.43 (18.69%)

Price to Sales Ratio (P/S)

0.43 (-13.94%)

0.5 (-98.07%)

26.04 (-37.66%)

41.77 (36.07%)

Price to Book Ratio (P/B)

0.89 (15.82%)

0.77 (-29.59%)

1.09 (-54.83%)

2.42 (102.09%)

Debt to Equity Ratio (D/E)

0.65 (23.72%)

0.53 (2008.00%)

0.03 (-54.55%)

0.06 (100.36%)

Earnings Per Share (EPS)

-0.35 (79.41%)

-1.7 (-433.33%)

0.51 (134.46%)

-1.48 (-26.50%)

Sales Per Share (SPS)

2.59 (12.11%)

2.31 (1795.08%)

0.12 (41.86%)

0.09 (-24.56%)

Free Cash Flow Per Share (FCFPS)

-0.05 (83.83%)

-0.33 (32.39%)

-0.49 (18.21%)

-0.6 (30.97%)

Book Value Per Share (BVPS)

1.28 (-20.06%)

1.6 (-46.09%)

2.98 (42.44%)

2.09 (6841.94%)

Tangible Assets Book Value Per Share (TABVPS)

0.86 (-28.83%)

1.21 (-59.47%)

2.98 (41.07%)

2.11 (627.93%)

Enterprise Value Over EBIT (EV/EBIT)

-4 (-300.00%)

-1 (-133.33%)

3 (200.00%)

-3 (0.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

-5.63 (-720.41%)

-0.69 (-120.39%)

3.36 (212.06%)

-3 (2.85%)

Asset Turnover

1.31 (29.09%)

1.01 (2104.35%)

0.05 (2.22%)

0.04 (-76.80%)

Current Ratio

1.5 (-14.18%)

1.74 (-92.17%)

22.25 (3.89%)

21.41 (4733.63%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$530,000 (81.25%)

-$2,827,000 (19.50%)

-$3,512,000 (-45.97%)

-$2,406,000 (-27.91%)

Enterprise Value (EV)

$11,789,823 (26.91%)

$9,290,077 (-25.91%)

$12,538,832 (11.36%)

$11,259,317 (53.34%)

Earnings Before Tax (EBT)

-$3,390,000 (76.46%)

-$14,398,000 (-498.62%)

$3,612,000 (161.20%)

-$5,902,000 (-135.42%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$2,095,000 (84.53%)

-$13,540,000 (-463.29%)

$3,727,000 (199.36%)

-$3,751,000 (-57.87%)

Invested Capital

$3,110,000 (-16.58%)

$3,728,000 (-67.03%)

$11,307,000 (7388.08%)

$151,000 (144.28%)

Working Capital

$2,545,000 (-36.83%)

$4,029,000 (-57.86%)

$9,561,000 (22.29%)

$7,818,000 (1488.63%)

Tangible Asset Value

$8,394,000 (-17.86%)

$10,219,000 (-51.75%)

$21,179,000 (152.10%)

$8,401,000 (1246.31%)

Market Capitalization

$11,190,823 (6.77%)

$10,481,077 (-54.76%)

$23,168,832 (14.91%)

$20,162,531 (158.99%)

Average Equity

$12,437,500 (-17.87%)

$15,143,000 (-18.40%)

$18,557,000 (163.30%)

$7,047,979 (1155.12%)

Average Assets

$19,336,500 (0.21%)

$19,296,750 (1.40%)

$19,030,000 (150.37%)

$7,600,601 (501.07%)

Invested Capital Average

$3,011,750 (-45.65%)

$5,541,000 (-14.03%)

$6,445,500 (19538.34%)

$32,821 (111.70%)

Shares

9,991,806 (10.58%)

9,035,411 (23.82%)

7,297,270 (30.29%)

5,600,703 (151.80%)