Verb Technology Company, Inc. (VERB) is engaged in the development of SaaS program which is made of exclusive interactive video technology. It encompassed a collection of sales enablement business software platforms which are offered on the basis of subscription. The applications of VERB are available in mobile and desktop versions. The company’s applications include verbLIVE, verbCRM, verbTEAMS, verbLEARN, and verbMAIL.
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The price of VERB stock during the regular trading hours on January 13, 2022, with a decline of 8.57% was $1.28. At last check in the aftermarket, the stock was significantly up by 6.25%.
VERB: Events and Happenings
On December 15, 2021, VERB reported that the company’s Executives were interviewed at Benzinga All Access Conference held on December 16, 2021. On December 14, 2021, VERB reported that the company unveiled its product video on its social shopping livestream platform known as Market, at the Virtual Sidoti Microcap Conference held on December 8, 2021.
On November 30, 2021, VERB reported that the company’s Executives presented at the Virtual Benchmark Company’s Discovery One-on-One Video Investor Conference held on December 2, 2021, and met the institutional investors. On November 16, 2021, VERB reported about filing a prospectus supplement with the SEC, for possible selling of approximately $30 million of the company’s common stock through at-the-market equity offering platform.
VERB: Key Financials
On November 15, 2021, VERB announced its financial results for the third quarter ended September 30, 2021. Some of the key highlights are as follows
Revenue and Assets
Total revenue for Q3 2021 was $2.9 million as compares to the same period of 2020 when it was $2.86 million. Total current assets of the company for Q3 2021 were $6.05 million.
Net Loss per Share
Basic and diluted net loss for Q3 2021 was $8.8 million or $0.14 per share in comparison to the same period f 2020 it was $7.3 million or $0.18 per share.
On November 15, 2021, VERB reported that the company’s Executives presented at two tech events including the 10th Annual Roth Technology Event held on November 17 and Virtual Ladenburg Thalmann Tech Expo held on November 18, 2021.
Conclusion
VERB stock dipped 48% from the past six months period due to unfavorable economic circumstances due to the prevailing pandemic conditions. The current stock position is affected by the uncertainty in the market which positively impacted the stock price and resulted in its aftermarket surge. The experts are hopeful that the company is on a solid and soundtrack of prosperity and need the input of the strategists to attract potential investors.
