Represents the greatest amount of revenue generated since the strategic sale of the Company’s direct sales SaaS business unit in June 2023Q1 2025 Revenue Exceeds Entire 2024 Annual RevenueNet loss reduced by $1.0 million, represents an improvement of 29% over the prior year comparable quarterOperating loss reduced by $558 thousand, represents an improvement of 17% over the prior year comparable quarterGeneral and Administrative expenses slight increase of $0.4 million, represents an increase of 12% over prior year; indicates that the Company’s current enhanced financial performance is attributable to increases in revenue – not excessive cost cutting measuresZERO DEBT - All Remaining Debt retired in Q1Closed Acquisition of AI Social Commerce Technology Platform Lyvecom in deal valued at $8.5 MillionOpportunistically Added $5 Million in Cash to the Company’s balance sheet through non-dilutive, non-convertible, non-voting, preferred stock deal – replenished all the cash used in Lyvecom acquisition and moreStrong Cash Position – expected to fund operations into 2028 and beyond Results of Operations Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024 The following is a comparison of the results of our operations for the three months ended March 31, 2025 and 2024 (in thousands): Three Months Ended March 31, 2025 2024 Change Revenue $1,305 $7 $1,298 Costs and expenses Cost of revenue, exclusive of depreciation and amortization shown separately below 347 5 342 Depreciation and amortization 286 256 30 General and administrative 3,331 2,963 368 Total costs and expenses 3,964 3,224 740 Operating loss from continuing operations (2,659) (3,217) 558 Other income (expense) Interest income 121 - 121 Unrealized gain on short-term investments 83 - 83 Interest expense (1) (225) 224 Other income (expense), net 18 (3) 21 Total other income (expense), net 221 (228) 449 Net loss $(2,438) $(3,445) $1,007 Revenue Revenue was $1,305 for the three months ended March 31, 2025, as compared to $7 for the three months ended March 31, 2024.
Management Delivers Impressive 80% Revenue Growth Quarter-Over-Quarter Beats All Revenue and EPS Estimates By A Wide Margin Q1 2025 Revenue Exceeds Entire 2024 Annual Revenue Closed $8.5 Million Acquisition Of AI Social Commerce Technology Platform Lyvecom $5 Million Cash Added To Balance Sheet In Non-Dilutive, Non-Convertible, Preferred Stock Deal Zero Debt - Strong Cash Position – Expected To Fund Operations Into 2028 And Beyond Increased Growth Projected For Q2 2025 LAS VEGAS, May 13, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc.(Nasdaq: VERB) ("VERB" or the "Company"), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today filed its Form 10-Q reporting financial and operating results for the quarter ending March 31, 2025.
The revenue increase of $1,298, representing an increase of 18,543%, is primarily attributable to revenue received from our MARKET.live business unit services packages and from our Go Fund Yourself business unit which began its operations in July 2024. The table below sets forth our quarterly revenues beginning with the quarter ended September 30, 2023 (the first quarter following the sale of our SaaS business unit) through the quarter ended March 31, 2025, which reflects the trend of revenue over the past seven fiscal quarters: Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025MARKET.live$ 29 29737103490561GO FUND YOURSELF$ - - - -25233744CONSOLIDATED$ 2929737128723 1,305 Operating Expenses Depreciation and amortization expenses were $286 for the three months ended March 31, 2025, as compared to $256 for the three months ended March 31, 2024.
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