Got this yesterday in my mail from Broad Street. I
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Verb Technologies (VERB) is Growing Revenues and Leading in the SaaS Sales Generating Sector
We saw very odd action on the level 2 for VERB today. Everytime the stock would start breaking out we would see the ask walked down our flip to (-.03 to -.05/share). We really don't know if it was glitchy, ladder sells, maybe a short attack. Regardless here is some basic short info on the stock over the last month. Here is the daily running short volume although this is a couple days behind it does appear to be increasing.
Good day everyone,
We are continuing coverage on Verb Technology Company, Inc. (NASDAQ: VERB), a leader in sales and marketing applications utilizing its proprietary interactive video data collection and analysis technology.
Current price $2.26/share
PPS in after-hours trading $2.29/share
Tuesday’s session was rough for tech stocks. VERB shares opened at $2.36, had a volatile morning before settling into a flat trading range in the afternoon, closing at $2.29 (-2.9%). We believe the company shares may continue their recent gains over the rest of this week.
VERB is growing revenues. In the first nine months of 2020 revenues had an average gain of 10% QoQ. We are still waiting for Q420 and FYE 2020 figures. Revenues for the trailing twelve months are at $11.44M.
VERB is at the forefront of a disruptive, new paradigm in digital sales enablement. VERB is the leader in this new product sales concept. VERB software is an all-in-one interactive live stream platform that allows anyone from retailers, sales professionals, and marketers, reach their desired target audiences efficiently.
No one else is doing anything like verbLIVE
VERB’s platform was recently named the #1 direct selling app with the highest number of enterprise clients by Social Selling News. Social Selling News is the direct selling industry's go-to source for news and the latest in trends and developments in the world of direct selling.
VERB has over 100 clients using their SaaS products. These are a few of them:
Marketamerica – Pure Natures Design – Scout & Seller – SendOut Cards – Braun – Olympus – Misonx – Invitae – Boston Scientific – Isagenix – Vasayo – Mannatech – Monat – Sengence – Hologic – Philips – Nonin – BD – Terumo.
VERB aims to be at the forefront of the change in consumer shopping habits with its new product VerbLIVE. To better get a grasp of VerbLIVE watch this video interview with CEO Rory J. Cutaia recorded just a month ago. Cutaia states that VERB has 'taken video to the next level' by making it interactive, highlighting its verbLIVE e-commerce selling platform, citing it to be the greatest revenue creator for the group. Cutaia further says there will be more iterations of verbLIVE anticipated to be 'game-changers' in the industry.
Earlier we told you about the show 2 Minute Drill, starring Rory Cutaia, VERB CEO, and entrepreneur/author David Meltzer. We binge watched 5 episodes on Prime and found it to be entertaining, fast paced and a good format. The show features 4 contestants/entrepreneurs giving a two-minute presentation, via interactive video, to win $50K.
We recommend you watch the show for two reasons. First, it’s just a good show to watch and secondly to see where VerbLIVE will be displaying buttons for consumers to click during the show for product information. The 2 Minute Drill may just be the first video content created by VERB. The show is going to be available to watch in 100M homes.
A company in China has a platform like verbLIVE and they have more than doubled their revenues in two years. China is leading the world in the adoption of livestream shopping. On Singles Day (or “Double 11”) in 2019, the largest annual shopping festival in China held on November 11, leading social media influencer Li Jiaqi generated over $145 million in sales by livestreaming and spending only five minutes on each product.
In 2020, Li Jiaqi and Viya, another top livestream influencer, kicked off the festival at midnight on October 21 and together generated $1.2 billion in sales for that evening alone. Another sales window took place from November 1 to 3, with the main event on November 11. From November 1 to November 11, ecommerce giants Alibaba and JD.com also reported combined sales of approximately $115 billion during the event.
We expect the same kind of client success could happen at VERB.
Why we like VERB:
Small float
Growing revenues
Disruptive sales enabling software
verbLIVE
TV show
The advances VERB is making may define product marketing in the near term. The concept of only seeing ads you choose seems irresistible and we expect more big advertisers may come on board. VERB seems like it could be a ground floor opportunity.
Stay tuned and stay informed,
The Team