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VerifyMe, Inc. is a U.S. business entity operating within the Computer Integrated Systems Design sector (SIC 7373). Publicly traded on the Nasdaq under the ticker symbol VRME, the company is incorporated in Nevada. Based on SEC EDGAR filings, VRME reported fiscal year 2024 revenue of $24.2M, reflecting a year-over-year decline of 4.4%. Our proprietary Semantic Risk Score of 14 indicates high transparency and low reporting risk, derived from the frequency and consistency of 10-K, 10-Q, and 8-K filing patterns. As part of the SIC 7373 classification, VerifyMe, Inc. serves as a key benchmark for investors and analysts monitoring Nevada corporate performance.
Filing data sourced from SEC EDGAR signals. 10-K = annual report · 10-Q = quarterly · 8-K = material event.
Financial Performance
Revenue -4.4% YoY
Financial Insights
FY2024 · derived from SEC EDGAR XBRL filings
VerifyMe, Inc. — what the latest 10-K shows
VerifyMe, Inc. (VRME) reported revenue of $24.2M for fiscal year 2024, down 4.4% from $25.3M in FY2023.
Across 4 fiscal years, VRME revenue compounded at a 189.8% annual rate (CAGR), expanding from $343K in FY2020 to $24.2M in FY2024.
Net loss reached $3.8M in FY2024, equivalent to a -15.8% net margin (negative) on revenue of $24.2M.
Year-over-year net income fell by 12.8% (FY2023: -$3.4M → FY2024: -$3.8M).
Operating income of -$4.4M in FY2024 translated into an operating margin of -18.1%, a key efficiency benchmark before interest and taxes.
Total assets shrank by 22.4% year over year, ending FY2024 at $16.1M on the consolidated balance sheet.
Debt-to-equity stood at 0.57 at the close of FY2024 (total liabilities $5.9M, stockholders' equity $10.2M), pointing to a conservative capital structure.
Current ratio of 1.50 at FY2024 year-end (current assets $6.4M vs. current liabilities $4.2M) reflects adequate short-term coverage.
VerifyMe, Inc. operates in the Computer Integrated Systems Design sector and discloses these figures via SEC EDGAR XBRL filings, which are the audited numerical filings the SEC has required since 2009.
Numbers parsed from us-gaap XBRL tags in the company's most recent annual report.View source on SEC EDGAR →
Current RatioCurrent assets / current liabilities. Above 1.0 = solvent.
1.5
2.36
▼ Lagging
Source: SEC EDGAR XBRL filings (10-K annual reports). Industry benchmarks derived from 42 companies in SIC 7373.
Disclaimer: All financial data is sourced from raw SEC EDGAR filings. Sprytne.com provides automated data visualization and algorithmic analysis for informational purposes only. This is NOT financial advice, a recommendation to buy/sell, or a guarantee of accuracy. Always verify data via official SEC sources before making investment decisions.
Yes. VerifyMe, Inc. (SEC CIK 0001104038, ticker VRME) is registered with the U.S. Securities and Exchange Commission and files periodic reports such as 10-K (annual) and 10-Q (quarterly). All filings are publicly available via SEC EDGAR.
What industry is VerifyMe, Inc. in?+
VerifyMe, Inc. operates in the Computer Integrated Systems Design sector (SIC 7373, NAICS 541513). The corresponding NAICS classification is "Services-Computer Integrated Systems Design". Sprytne tracks 55 peers in this sector.
How much revenue did VerifyMe, Inc. generate in 2024?+
VerifyMe, Inc. (VRME) reported total revenue of $24.2M for fiscal year 2024, according to SEC EDGAR 10-K filings.
What is the profit margin of VRME?+
VerifyMe, Inc. reported a net profit margin of -15.8% for fiscal year 2024. The industry average net margin for Computer Integrated Systems Design (SIC 7373) is -34.1%.
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Methodology & compliance note
Data is aggregated from SEC EDGAR and Secretary of State public records. Any analytics such as "market share" are statistical estimates (proxy models) and are not official audits, valuations, or investment advice. Sprytne.com is an independent data aggregator and is not affiliated with any government agency.Learn more →
25.00%
Estimated concentration for NAICS 541513 · Services-Computer Integrated Systems Design · Leader status in NV
AI Risk Analysis
14
Semantic Risk Score
“Low risk estimate. SEC profile present. 10‑K filing signal available. 10‑Q filing signal available. 8‑K filing signal available.”
Data synchronized via offline indexes + SEC/SOS signals.
What is the operating margin of VRME?+
VerifyMe, Inc. achieved an operating margin of -18.1%, compared to the sector average of -53.49%. This metric reflects the company's operational efficiency before interest and taxes.
Is VerifyMe, Inc. growing faster than its competitors?+
VerifyMe, Inc.'s revenue declined by 4.4% year-over-year (FY2023 to FY2024), from $25.3M to $24.2M. The company operates in the Computer Integrated Systems Design sector with 55 tracked peers.
What is the debt-to-equity ratio of VRME?+
VerifyMe, Inc. has a debt-to-equity ratio of 0.57, indicating conservative leverage. The sector average is 2.11. This ratio is calculated from audited 10-K filings as total liabilities divided by stockholders' equity.
How did VerifyMe, Inc.'s revenue change from FY2023 to FY2024?+
Revenue declined 4.4% year over year, moving from $25.3M in FY2023 to $24.2M in FY2024, according to the company's VRME 10-K filings on SEC EDGAR.
What was VerifyMe, Inc.'s net loss in fiscal year 2024?+
VerifyMe, Inc. reported a net loss of $3.8M in FY2024, translating to a -15.8% negative margin against $24.2M of revenue. Source: 10-K filing on SEC EDGAR.
What is VerifyMe, Inc.'s leverage profile?+
VerifyMe, Inc.'s most recent 10-K shows total liabilities of $5.9M against stockholders' equity of $10.2M at FY2024 year-end — a debt-to-equity ratio of 0.57, indicating a conservative capital structure.
VerifyMe, Inc. — $24M Revenue (2024) · SEC Filings & Company Profile | Sprytne.com