VerifyMe Q4 Adj EPS $0.02 Beats $(0.03) Estimate, Sales $8.71M Miss $8.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
VerifyMe reported Q4 adjusted EPS of $0.02, surpassing the $(0.03) estimate, marking a 166.67% beat and a 100% increase from last year's $0.01. However, its sales of $8.71M fell short of the $8.95M estimate by 2.65%, and saw a 10.20% decrease from last year's $9.70M.
March 21, 2024 | 12:04 pm
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NEUTRAL IMPACT
VerifyMe's Q4 earnings surpassed estimates with an EPS of $0.02, a significant improvement from the expected $(0.03). However, sales missed estimates at $8.71M against an expected $8.95M, and decreased 10.20% from the previous year.
The positive earnings surprise could provide a short-term boost to VRME's stock price due to the better-than-expected EPS. However, the miss on sales estimates and the year-over-year decrease in sales could temper investor enthusiasm, leading to a neutral overall impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100