VerifyMe, Inc. announced its financial results for the second quarter ended June 30, 2025, reporting revenue of $4.5 million. This represents a $0.9 million decrease compared to $5.4 million in Q2 2024.
The revenue decline was primarily due to a $0.6 million decrease from a discontinued Premium services contract and a $0.5 million decrease from discontinued Proactive services to two customers, partially offset by increased revenues from new and existing customers in the Precision Logistics segment. The divestiture of Trust Codes Global also contributed to the decrease.
Despite the revenue challenges, VerifyMe reported positive adjusted EBITDA of $0.3 million in Q2 2025, an increase from $0.2 million in Q2 2024. The company also generated $306 thousand in cash from operating activities for the first half of 2025.
The net loss for Q2 2025 improved to ($0.29) million, or ($0.02) per diluted share, compared to ($0.34) million, or ($0.03) per diluted share, in Q2 2024. As of June 30, 2025, VerifyMe had a cash balance of $6.1 million and working capital of $6.0 million.
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