VERB Earnings Prediction
The chart below shows how VERB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VERB sees a +7.58% change in stock price 10 days leading up to the earnings, and a +8.88% change 10 days following the report. On the earnings day itself, the stock moves by +0.13%. This data can give you a slight idea of what to expect for the next quarter's release.
VERB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.00K
-99.82%
66.67%
Gross Margin
-11620.00%
-27230.52%
-20.05%
Operating Margin
-66660.00%
24718.50%
-64.05%
Net Margin
-36220.00%
17642.73%
-80.78%
EPS
-5.81
-87.42%
85.03%
No Data Available
VERB Earnings Analysis
Verb Technology Company, Inc. Corporation (VERB.O) Earnings Conference Call
Positive
Positive Point:
- The company saw a 12% increase in SaaS recurring revenue in 2022, reaching $7.7 million, the highest amount in the company's history.
- Total digital revenue increased modestly to approximately $8.3 million in 2022.
- The company successfully reduced operational costs significantly by cutting research and development expenses by 58% and general and administrative expenses by 9% year-over-year.
- R&D expenses were reduced to $5.2 million in 2022 compared to $12.3 million in 2021, showing a focus on cost efficiency.
- Gross margin improved to 65% in 2022, up from 57% in 2021, indicating better profitability.
- The company raised capital through various financing activities and attracted high-quality institutional investors on favorable terms, demonstrating confidence in the business plan and management team.
Negative
Negative:
- A loss from operations of $38.8 million for the year ended December 31, 2022, which includes $19 million of non-cash expenses.
- A non-cash impairment charge of $12 million related to the goodwill from the Sound Concepts acquisition, reflecting the results of the annual impairment testing.
- Reduced total non-digital revenue to $1.2 million for the year ended December 31, 2022, a planned decrease from $2.3 million in the previous year.
- A negative $18.9 million modified EBITDA for fiscal year 2022, although it shows a 28% improvement year-over-year.
- Decrease in total digital revenue by 12% to $1.9 million for the fourth quarter of 2022 compared to the same quarter in the previous year.
