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Posted On: 07/15/2020 2:30:21 PM
Post# of 32688
$VERB preliminary operating results...8-K..Record QTR numbers!!
Results achieved..."Eating Our Own Chili!"
https://www.streetinsider.com/SEC+Filings/For...16668.html
"...For the three months ended June 30, 2020, the Company expects to report preliminary Software as a Service (SaaS) recurring subscription revenue of approximately $1,264,000, up from $1,057,000 reported in first quarter 2020;
*total digital revenue of approximately $1,668,000, up from $1,457,000 reported in first quarter 2020;
*total non-digital revenue of approximately $941,000, up from $897,000 reported in first quarter 2020;
*total combined revenue of approximately $2,609,000, up from $2,354,000 reported in first quarter 2020.
Digital revenue as a percentage of total combined revenue was approximately 64% up from 62% reported in first quarter 2020, and up from 39% for the same period last year.
Total user downloads for the quarter was approximately 1,459,000, up from 1,313,467 reported in first quarter 2020, and up from 668,272 for the same period last year...."
Results achieved..."Eating Our Own Chili!"
https://www.streetinsider.com/SEC+Filings/For...16668.html
Quote:
“I am very pleased to provide preliminary results for our second quarter financial performance. We believe this was a record breaking quarter for Verb across almost all revenue sources and is particularly meaningful as we achieved these results during a very difficult time in the economy at large due to COVID-19,” stated VERB CEO, Rory J. Cutaia.
“This quarter also represents the highest number of new enterprise clients we signed during a quarter in the Company’s history.
Notably, due to COVID-related social distancing, these results were achieved by our teams working remotely using our own technology – we call it ‘eating our own chili’.”
"...For the three months ended June 30, 2020, the Company expects to report preliminary Software as a Service (SaaS) recurring subscription revenue of approximately $1,264,000, up from $1,057,000 reported in first quarter 2020;
*total digital revenue of approximately $1,668,000, up from $1,457,000 reported in first quarter 2020;
*total non-digital revenue of approximately $941,000, up from $897,000 reported in first quarter 2020;
*total combined revenue of approximately $2,609,000, up from $2,354,000 reported in first quarter 2020.
Digital revenue as a percentage of total combined revenue was approximately 64% up from 62% reported in first quarter 2020, and up from 39% for the same period last year.
Total user downloads for the quarter was approximately 1,459,000, up from 1,313,467 reported in first quarter 2020, and up from 668,272 for the same period last year...."
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