Page 4 of the 10-K explains it pretty well. SaaS recurring digital revenue is what you want to pay attention to. That's the gift that keeps on giving meaning what someone is paying for the software subscription.
Other digit is usually everything that is related to the software, but non charged on a monthly or annual basis. This can be anything from integration cost to customers buying samples. It will vary from quarter to as you'll see on page 29 of the filing. Not a big revenue generator but more of a necessity of getting the recurring digital revenue meaning if you don't onboard a customer, you ain't getting the monthly revenue.
The non-digit revenue is what Verb has been winding down for 3 years. It's the hats, t-shirts, banners, business card part of the business that they outsourced to Range Printing explained on the top of page 4. Rory mentioned mentioned it on the call...
"I would also note that we’ve successfully reduced our low-margin, non-digital business another 32% over the last year, and associated costs, while we continue to wind down that business."
This is from page 4 of the 10-K...
Revenue Generation
A description of our principal revenue generating activities is as follows:
1. Digital Revenue which is divided into two main categories:
a. SaaS recurring digital revenue based on contract-based subscriptions to our verb app products and platform services which include verbCRM, verbLEARN, verbLIVE, verbPULSE, and verbTeams. The revenue is recognized over the subscription period.
b. Non-SaaS, non-recurring digital revenue, which is revenue generated by the use of our app products and in-app purchases, such as sampling and other services obtained through the app. The revenue for samples is recognized upon completion and shipment, while the design fees are recognized when the service has been rendered and the app is delivered to the customer.
2. Non-digital revenue, which is revenue we generate from non-app, non-digital sources through ancillary services we provide as an accommodation to our clients and customers. These services, which we now outsource to a strategic partner as part of a cost reduction plan we instituted in 2020, include design, printing services, fulfillment and shipping services. The revenue is recognized upon completion and shipment of products or fulfillment to customers.
https://www.sec.gov/ix?doc=/Archives/edgar/da...rm10-k.htm
I encourage any investor to read the filings of any stock they invest in. They are long and sometimes painful to read, but you learn a lot.
Other digit is usually everything that is related to the software, but non charged on a monthly or annual basis. This can be anything from integration cost to customers buying samples. It will vary from quarter to as you'll see on page 29 of the filing. Not a big revenue generator but more of a necessity of getting the recurring digital revenue meaning if you don't onboard a customer, you ain't getting the monthly revenue.
The non-digit revenue is what Verb has been winding down for 3 years. It's the hats, t-shirts, banners, business card part of the business that they outsourced to Range Printing explained on the top of page 4. Rory mentioned mentioned it on the call...
"I would also note that we’ve successfully reduced our low-margin, non-digital business another 32% over the last year, and associated costs, while we continue to wind down that business."
This is from page 4 of the 10-K...
Revenue Generation
A description of our principal revenue generating activities is as follows:
1. Digital Revenue which is divided into two main categories:
a. SaaS recurring digital revenue based on contract-based subscriptions to our verb app products and platform services which include verbCRM, verbLEARN, verbLIVE, verbPULSE, and verbTeams. The revenue is recognized over the subscription period.
b. Non-SaaS, non-recurring digital revenue, which is revenue generated by the use of our app products and in-app purchases, such as sampling and other services obtained through the app. The revenue for samples is recognized upon completion and shipment, while the design fees are recognized when the service has been rendered and the app is delivered to the customer.
2. Non-digital revenue, which is revenue we generate from non-app, non-digital sources through ancillary services we provide as an accommodation to our clients and customers. These services, which we now outsource to a strategic partner as part of a cost reduction plan we instituted in 2020, include design, printing services, fulfillment and shipping services. The revenue is recognized upon completion and shipment of products or fulfillment to customers.
https://www.sec.gov/ix?doc=/Archives/edgar/da...rm10-k.htm
I encourage any investor to read the filings of any stock they invest in. They are long and sometimes painful to read, but you learn a lot.
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