Here's a Summary of the VERB Technology Letter to
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Posted On: 10/11/2024 12:40:43 PM
Here's a Summary of the VERB Technology Letter to Stockholders. Tried to group it. There is a lot in there to unpack over the next few days.
Financials & Stock
In latest Form 10-Q filing, VERB had cash in the bank of approximately $17.2M
Net cash value alone the stock is worth more than $22 per share not accounting for any product or services
Extremely well capitalized
Virtually no debt to service
No hedge fund out there with cheap VERB shares
Small, tight float – only 763,230 shares as of October 9, 2024.
With most modest revenue assumptions, the company has YEARS of cash runway.
Operations & Revenue Guidance
Restructured as a holding company with three distinct and complimentary business units
All three BUs are generating revenue are growing at a rate faster than any thing previously
Revenue guidance: Third quarter results will be exceedingly better than second quarter & fourth quarter will greatly exceed third quarter results.
New revenue model: Changed from a percent-of-client-sales model to a fixed-price, contract-based, recurring revenue business.
Expanded partnership with TikTok
Revamped MARKET.live is in the works and nearing release
Updates On New Verticals
GO FUND YOURSELF SHOW revenue model revealed: Includes cash and equity-based fees paid by the issuers for appearances on the show, including fees for show assets VERB creates for the issuers to use for their own marketing purposes. VERB also take a percentage of sales revenue from those issuers who utilize the Show’s unique shoppable platform to sell their products. VERB also generate revenue from sponsorships and advertisers.
Update on third business vertical: Operating in stealth mode as the company refines the user/subscriber experience. The company believes this business represents an explosive revenue growth opportunity in one of the fastest-growing business sectors in the world today.
Full letter here:
https://www.streetinsider.com/8K/VERB+Technol...28730.html
Financials & Stock
In latest Form 10-Q filing, VERB had cash in the bank of approximately $17.2M
Net cash value alone the stock is worth more than $22 per share not accounting for any product or services
Extremely well capitalized
Virtually no debt to service
No hedge fund out there with cheap VERB shares
Small, tight float – only 763,230 shares as of October 9, 2024.
With most modest revenue assumptions, the company has YEARS of cash runway.
Operations & Revenue Guidance
Restructured as a holding company with three distinct and complimentary business units
All three BUs are generating revenue are growing at a rate faster than any thing previously
Revenue guidance: Third quarter results will be exceedingly better than second quarter & fourth quarter will greatly exceed third quarter results.
New revenue model: Changed from a percent-of-client-sales model to a fixed-price, contract-based, recurring revenue business.
Expanded partnership with TikTok
Revamped MARKET.live is in the works and nearing release
Updates On New Verticals
GO FUND YOURSELF SHOW revenue model revealed: Includes cash and equity-based fees paid by the issuers for appearances on the show, including fees for show assets VERB creates for the issuers to use for their own marketing purposes. VERB also take a percentage of sales revenue from those issuers who utilize the Show’s unique shoppable platform to sell their products. VERB also generate revenue from sponsorships and advertisers.
Update on third business vertical: Operating in stealth mode as the company refines the user/subscriber experience. The company believes this business represents an explosive revenue growth opportunity in one of the fastest-growing business sectors in the world today.
Full letter here:
https://www.streetinsider.com/8K/VERB+Technol...28730.html
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