Verb Technology Company, Inc. (Verb Technology) reported its financial performance for the quarter ended March 31, 2024. The company's revenue increased to $7,000 from $2,000 in the same period last year. Operating loss from continuing operations decreased to $3.2 million from $4.1 million, reflecting a reduction in general and administrative expenses, including stock compensation, from $3.5 million to $2.9 million. The net loss from continuing operations improved to $3.4 million from $4.6 million. Other expenses, including interest expense, totaled $228,000. The company's cash position strengthened significantly, with cash on hand of $14.2 million, up from $4.3 million at the end of the previous quarter. Verb Technology's business development focused on its MARKET.live platform, a multi-vendor, multi-presenter, livestream social shopping platform. The company expanded its strategic relationship with...Show More

Verb Technology Company, Inc. (Verb Technology) reported its financial performance for the quarter ended March 31, 2024. The company's revenue increased to $7,000 from $2,000 in the same period last year. Operating loss from continuing operations decreased to $3.2 million from $4.1 million, reflecting a reduction in general and administrative expenses, including stock compensation, from $3.5 million to $2.9 million. The net loss from continuing operations improved to $3.4 million from $4.6 million. Other expenses, including interest expense, totaled $228,000. The company's cash position strengthened significantly, with cash on hand of $14.2 million, up from $4.3 million at the end of the previous quarter. Verb Technology's business development focused on its MARKET.live platform, a multi-vendor, multi-presenter, livestream social shopping platform. The company expanded its strategic relationship with TikTok, becoming a service provider for TikTok Shop. Looking ahead, Verb Technology plans to continue developing integrations with large social media platforms and forming partnerships to foster business growth. The company's future plans include leveraging its recent technological integrations with META and its partnership with TikTok Shop to enhance its MARKET.live platform and generate revenue through various streams, including platform fees, produced events, drop ship and creator programs, and TikTok Shop-related services.