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Yahoo
13-05-2025
- Business
- Yahoo
VERB Publishes Management's Prepared Remarks From Its First Quarter 2025 Earnings Call
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 LyveCom; 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 and held an earnings conference call at 1 p.m. ET to discuss these results. Prepared remarks during the conference call of Rory J. Cutaia, the Company's Chairman & CEO, are provided below. Management Prepared Remarks VERB 2025 First Quarter Financial Results Conference Call Tuesday, May 13, 2025, 1 p.m. ET Company ParticipantRory J. Cutaia, CEO Operator: Good afternoon and welcome to the first quarter 2025 Financial Results Conference Call for Verb Technology Company, Inc. At this time, all participants are in a listen-only mode. Please be advised, the call is being recorded at the Company's request. On our call today is Rory J. Cutaia, Verb's Founder, Chairman and CEO. Before we begin, I'd like to remind everyone that statements made during this conference call will include forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties that can cause actual results to differ materially. Forward-looking statements speak only as of the date they are made, except as required by law, as the underlying facts and circumstances may change. Verb Technology Company disclaims any obligations to update these forward-looking statements, as well as those contained in the Company's current and subsequent filings with the SEC. I would now like to turn the call over to Rory J. Cutaia, CEO. Rory? Rory: Thank you moderator, and thanks to everyone for joining us today for our first quarter 2025 financial results and business update conference call. So for those of you who have reviewed our 10-Q filed this morning or the summarized results in the press release we issued this morning – well – you already know – right – you know the Company is firing on all cylinders – I'm talking about a 12 cylinder finely tuned exotic sports roadster – yeah - we had a crazy good quarter. This is the VERB we've envisioned – this is the VERB we've manifested and this is the VERB we have worked so hard to deliver. And the best part – the really best part – is this is just the beginning. I've got to hand it to my management team – they never stopped believing – through all the trials and tribulations – and we've had more than our share – they stuck it out with me - we drew strength from one another – and no matter what – we never gave up. I appreciate them all so very much – and our amazing Board of Directors - and now that we've begun to hit our stride – they're all feeling it – they know where we're taking this vehicle – and for those of you listening to this who have stuck it out with us and for those of you thinking about joining us – from here on out, it's going to be a fun ride. We're cashed-up, zero debt – insanely under-valued - and each VERB division is performing very, very well. I'm not going to take your time reading the 10-Q or reiterating everything we discussed about the Company just 6 weeks or so ago when we reported our 2024 results – but I will definitely enjoy sharing some of our team's accomplishments in the first 3 months of this year. Let's start with revenue – but first let me provide some context: In Q1 of 2024 we reported revenue of just $7,000; In Q4 of 2024 we reported revenue of $723,000 – definitely a great quarter and the first full quarter after we instituted a number of changes to our business model – and for the entirety of 2024 – we reported a total of $895,000. But in Q1 of 2025 we reported $1.3 Million – that's 80% revenue growth over the prior quarter and approximately 46% growth over all 4 quarters of revenue of 2024 combined. And while we were busy signing and launching a plethora of new clients, we identified what we believe is the hottest AI social commerce technology company in the market and negotiated the terms of an $8.5 Million cash and stock acquisition, signed a comprehensive term sheet, and then rapidly drove the deal to a closing – all while actively integrating their AI technology into our own platform. We used about $4.2 Million in cash closing the acquisition - but I liked having a robust – zero debt - cashed-up balance sheet – so being an opportunist we identified a funding opportunity with extraordinary – shareholder friendly terms – negotiated it, documented it and closed it. A non-dilutive, non-convertible, non-voting, preferred stock deal with just a 9% annual dividend – and with that we added $5 Million back onto the balance sheet. This deal is with a trusted financial partner with whom we've now done several very successful deals. I do feel sorry for other companies doing terrible – horrible financings – steep discounts to market price, pre-funded warrants, triple warrant coverage – decimating cap tables and rendering many of these companies unfinanceable going forward who ultimately get shorted into oblivion. You see it every day. Tough times for a lot of companies and I'm very grateful that we're in such a strong cash position and we've been able to maintain a super clean cap table – no warrant overhang and a very tight float and obviously not desperate to find a source of capital. In fact, with our cash on hand, no debt, and growing revenue across all business units, we expect to be able fund operations easily into 2028 and beyond. As to the growth behind we've signed many very high profile clients and continue to do so. I've been asked why we aren't announcing them – which we'd have to do multiple times a month – but the answer is most of these deals are where we're white labeling our platform for these well-known brands and our contract prohibits us from announcing the names. I wish I could – if I could, I doubt our stock would still be trading for 50% of our net cash – with zero value given for all our business units – it's crazy – just crazy. I've also been asked why we don't see as many livestreams from as we used to and that's because our new technology allows us to stream directly from our clients' own websites and multicast their streams across multiple social media channels simultaneously. This is really the killer app, drawing so many more clients, because it allows these brands to own the customer relationship while still streaming over other social platforms. We're also seeing strong, strong growth in shoppable ads, among many other areas of our and now Lyvecom business units. Our telehealth platforms, VanityPrescribed and GoodGirlRX continue to grow month over month adding recurring subscription-based revenue. And our Go Fund Yourself, crowd funding TV show is developing an almost cult-like following and more and more issuers are applying to be on the show, forcing us to become much more selective, and to accommodate the demand we're now shooting multiple episodes twice a month. Issuers pay to be on the show. We're about to launch Season 2 on Cheddar. In closing, I refer you to our Form 10-Q filed today for greater details concerning our Q1 2025 financial results as well as the press release distributed today summarizing those results for additional information I've not covered in my conference call today. So thank you for your interest in VERB and for taking the time to listen to our Q1 2025 financial results. I presume you can tell how excited we are about the business - really excited – and oh yes – I do indeed expect Q2 results to be even better than this Q1 - so stand by. Operator: This concludes the conference call. You may now disconnect. About VERB Verb Technology Company, Inc. (Nasdaq: VERB), is transforming the landscape of social commerce, social telehealth and social crowdfunding with LyveCom, VANITYPrescribed, GoodGirlRx, and the GO FUND YOURSELF TV Show. The Company operates multiple business units, each of which leverages the Company's social commerce technology and video marketing expertise. together with recently acquired AI social commerce technology innovator LyveCom, is a multi-vendor, livestream social shopping platform that allows brands and merchants to deliver a true omnichannel livestream shopping experience across their own websites, apps, and social platforms. Advanced AI capabilities power real-time user-generated-content creation, automated video content repurposing for high conversion video ads, and AI-powered virtual live shopping hosts that are virtually indistinguishable from human hosts, capable of real-time audience engagement. Brands utilize the Company's proprietary AI model trained on tens of thousands of video commerce interactions to automate content creation and intelligent tools designed to optimize merchandising strategies and increase conversion rates. GO FUND YOURSELF TV Show is a revolutionary interactive social crowd funding platform for public and private companies seeking broad-based exposure for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive national TV show with back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show's panel of 'Titans'. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons. and are telehealth portals, intended to redefine telehealth by offering a seamless, digital-first experience that empowers individuals to take control of their healthcare needs. They were designed and developed to disrupt the traditional healthcare model by providing tailored healthcare solutions at affordable, fixed prices – without hidden fees, membership costs, or inflated pharmaceutical markups. a partnership with Savannah Chrisley, a well-known lifestyle personality and advocate for health and wellness, offers customers access to convenient, no-hassle telehealth services and pharmaceuticals, including the new weight-loss drugs, with fixed pricing regardless of dosage, breaking away from the industry's traditional model of excessive pricing and pharmaceutical gatekeeping. The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in the Los Angeles, California vicinity. For more information, please visit: Follow VERB here: Facebook: X: LinkedIn: YouTube: Sign up for E-mail Alerts here: FORWARD-LOOKING STATEMENTSStatements contained in this press release that are not statements of historical fact are forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements can be identified by words such as 'anticipate,' 'designed,' 'expect,' 'may,' 'will,' 'should' and other comparable terms. Forward-looking statements include statements regarding VERB's intentions, beliefs, projections, outlook, analyses or current expectations and the other risk factors and other cautionary statements included in VERB's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the Securities and Exchange Commission, including subsequent periodic reports on Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. All forward-looking statements made in this press release speak only as of the date of this press release and are based on management's assumptions and estimates as of such date. Except as required by law, VERB undertakes no obligation to update or revise forward-looking statements to reflect new information, future events, changed conditions or otherwise after the date of this press release. 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Yahoo
01-04-2025
- Business
- Yahoo
Verb Technology Co Inc (VERB) Q4 2024 Earnings Call Highlights: Record Revenue Growth and ...
Release Date: March 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Verb Technology Co Inc (NASDAQ:VERB) has achieved impressive revenue growth, with a 1,321% increase in 2024 compared to 2023. The company has successfully transitioned to a debt-free balance sheet, enhancing financial stability. The strategic acquisition of LyveCom's AI technology is expected to reduce operational costs by approximately $1 million per year. Verb Technology Co Inc (NASDAQ:VERB) has diversified its revenue streams with new business units like GoFundYourself and VANITYPrescribed. The company has a strong cash position with more than $13 million in cash and highly liquid securities, providing a solid foundation for future growth. The company faced high attrition rates among sales reps in its former SaaS business, impacting revenue growth. Outdated internal communication policies at client companies hindered effective use of Verb's sales tools. The company had to navigate predatory financing terms and market conditions that affected many small-cap companies. The livestream shopping business is not yet revenue-generating, posing a risk to future profitability. The company had to undergo a reverse split to maintain exchange listing requirements, which can be seen as a negative by investors. Warning! GuruFocus has detected 4 Warning Signs with VERB. Q: Can you elaborate on the strategic decision to sell the SaaS business unit and focus on the livestream shopping business? A: Rory Cutaia, CEO, explained that the decision was driven by the challenges in generating meaningful revenue growth due to high attrition rates among sales reps and outdated internal communication policies. The shift to was a bold move that has proven beneficial for shareholders, allowing the company to focus on a new, promising revenue stream. Q: How has Verb Technology managed to maintain a debt-free balance sheet and a clean cap table? A: Rory Cutaia, CEO, highlighted the use of a unique Reg A financing strategy that avoided predatory hedge fund investors. This approach allowed the company to issue straight common shares without warrant coverage or investment banking fees, enabling them to pay off all debt and redeem previously issued preferred shares. Q: What are the revenue growth figures for Verb Technology in 2024, and what are the expectations for 2025? A: Rory Cutaia, CEO, reported that 2024 revenue was $895,000, a 1,321% increase over 2023. Q4 2024 alone saw a 2,400% increase compared to the same period last year. The company expects Q1 2025 to surpass Q4 2024 in revenue. Q: Can you discuss the integration and acquisition of LyveCom's technology? A: Rory Cutaia, CEO, stated that the integration of LyveCom's AI technology resulted in significant operational cost reductions and enhanced the platform's capabilities. The acquisition is expected to be highly accretive and produce meaningful value for shareholders. Q: What are the new business units Verb Technology has developed, and how are they performing? A: Rory Cutaia, CEO, mentioned the launch of VANITYPrescribed, GoodGirlRx, and GoFundYourself. GoFundYourself, in particular, showed promising growth, generating $25,000 in Q3 and $233,000 in Q4 2024. These units are part of the strategy to diversify revenue streams and leverage the company's interactive social video commerce technology. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Associated Press
21-03-2025
- Business
- Associated Press
VERB's ‘Go Fund Yourself' TV Show to Air First-Ever Marathon on Cheddar TV
LAS VEGAS and LOS ALAMITOS, Calif., March 21, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (NASDAQ: VERB) ('VERB' or the 'Company'), the Company behind the livestream social shopping platform, telehealth platforms and and GO FUND the TV show disrupting crowdfunding, today announced that Cheddar TV will air the first-ever marathon of VERB's exciting new show, Go Fund Yourself, on Sunday, March 23, from 1 - 4 PM EST. This exclusive event will feature all previously aired episodes of Go Fund Yourself from the first half of Season 1, giving fans and new audiences alike the opportunity to experience the excitement of the Show in a back-to-back, binge-watch marathon format. Go Fund Yourself Show brings an innovative approach to crowdfunding by combining inspiring presentations by entrepreneurs challenged by the Show's panel of 'Titans,' with cutting-edge technology that allows viewers to click, tap, or scan onscreen icons to invest in these promising new companies and/or purchase their products in near real-time while watching the Show. Cheddar, a leading news and entertainment network catering to millennial audiences is available in more than 40 million homes across cable, satellite, and OTT platforms. Watched live by more than 3 million monthly viewers, Cheddar also garners hundreds of millions of organic video views each month across social media channels. Additionally, Cheddar broadcasts live from the trading floor of the New York Stock Exchange every weekday morning. The 16-episode Show debuted on January 30, 2025, and airs in a coveted weekly prime-time slot Thursdays at 7 PM ET, with each episode airing two additional times per week. As Go Fund Yourself continues to build momentum, participating businesses, creators, and viewers are encouraged to join the conversation and spread the word that there is this new, democratized approach to accessing capital and investing in pre-IPO companies. Those companies and entrepreneurs seeking broad exposure for their company's brand, their products, or their crowd-funding round, can apply here. A broadcast-quality professional marketing video and other promotional and marketing assets are provided to those selected to be featured on the Show. 'The response to Go Fund Yourself has been extraordinary, and we're thrilled to bring this first-ever marathon to Cheddar TV,' said Rory J. Cutaia, the Show's creator and CEO at VERB. 'This event is a testament to the show's growing impact, and we look forward to introducing it to an even wider audience while celebrating the inspiring entrepreneurs it features.' In addition to Rory J. Cutaia, the Show's Titans include David Meltzer, Chairman of the Napoleon Hill Institute and former CEO of the renowned Leigh Steinberg Sports & Entertainment agency, Jayson Waller, successful serial entrepreneur, founder & CEO of multiple successful businesses, including a billion dollar revenue business, and host of the popular Jayson Waller Unleashed Podcast, and celebrity guest Titans. The Go Fund Yourself Marathon will air exclusively on Cheddar TV on Sunday, March 23, from 1-4 PM EST. Viewers are invited to tune in, support innovative entrepreneurs, and experience the excitement of real-time interactive TV programming. ABOUT VERB Verb Technology Company, Inc. (NASDAQ: VERB), is the innovative force behind interactive video-based social commerce. The Company operates three business units, each of which leverages its social commerce technology and video marketing expertise. The Company's platform is a multi-vendor, livestream social shopping destination at the forefront of the convergence of e-commerce and entertainment, where brands, retailers, creators, and influencers engage their customers, clients, fans, and followers across multiple social media channels simultaneously. GO FUND YOURSELF!, is a revolutionary interactive social crowd funding platform for public and private companies seeking broad-based exposure across social media channels for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive TV show with back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show's panel of 'Titans'. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons. and are telehealth portals, intended to redefine telehealth by offering a seamless, digital-first experience that empowers individuals to take control of their healthcare needs. They were designed and developed to disrupt the traditional healthcare model by providing tailored healthcare solutions at affordable, fixed prices — without hidden fees, membership costs, or inflated pharmaceutical markups. a partnership with Savannah Chrisley, a well-known lifestyle personality and advocate for health and wellness, offers customers access to convenient, no-hassle telehealth services and pharmaceuticals, including the new weight-loss drugs, with fixed pricing regardless of dosage, breaking away from the industry's traditional model of excessive pricing and pharmaceutical gatekeeping. The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in Los Alamitos, California. For more information, please visit: Follow VERB AND here: FORWARD-LOOKING STATEMENTS This communication contains 'forward-looking statements' as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, those identified in our filings with the Securities and Exchange Commission (the 'SEC'), including our annual, quarterly and current reports filed with the SEC and the risk factors included in our annual report on Form 10-K filed with the SEC on April 1, 2024. Any forward-looking statement made by us herein is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise.
