Verb Technology Company, Inc. (Verb Technology) reported its financial performance for the quarter ended June 30, 2024. The company saw a revenue of $37,000, a significant increase from $3,000 in the same quarter of the previous year. Operating loss from continuing operations decreased to $2.4 million from $3.3 million year-over-year, while net loss from continuing operations improved to $1.7 million from $3.8 million. The company's other income, net, was $674,000, a notable improvement from a net other expense of $510,000 in the prior year's quarter. Verb Technology's focus has shifted to its MARKET.live business, a multi-vendor, multi-presenter, livestream social shopping platform. The company has entered into a strategic partnership with TikTok Shop, expecting to generate revenue through various services and performance goals. Looking ahead, Verb Technology aims to leverage integrations with social media platforms and strategic alliances to foster business growth. The company's cash position as of June 30, 2024, was $17.2 million, with cash flows from financing activities amounting to $18.2 million, primarily from the issuance of common stock.

Verb Technology Company, Inc. (Verb Technology) reported its financial performance for the quarter ended June 30, 2024. The company saw a revenue of $37,000, a significant increase from $3,000 in the same quarter of the previous year. Operating loss from continuing operations decreased to $2.4 million from $3.3 million year-over-year, while net loss from continuing operations improved to $1.7 million from $3.8 million. The company's other income, net, was $674,000, a notable improvement from a net other expense of $510,000 in the prior year's quarter. Verb Technology's focus has shifted to its MARKET.live business, a multi-vendor, multi-presenter, livestream social shopping platform. The company has entered into a strategic partnership with TikTok Shop, expecting to generate revenue through various services and performance goals. Looking ahead, Verb Technology aims to leverage integrations with social media platforms and strategic alliances to foster business growth. The company's cash position as of June 30, 2024, was $17.2 million, with cash flows from financing activities amounting to $18.2 million, primarily from the issuance of common stock.