Earnings Call Summary | VerifyMe(VRME.US) Q1 2024 Earnings Conference
Earnings Call Summary | VerifyMe(VRME.US) Q1 2024 Earnings Conference
The following is a summary of the VerifyMe, Inc. (VRME) Q1 2024 Earnings Call Transcript:
以下是VerifyMe, Inc.（VRME）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
VerifyMe noted an increase in year-over-year revenue and significant growth in gross profit, gross margin percentage, and adjusted EBITDA in Q1 2024, marking their third consecutive quarter of positive adjusted EBITDA.
A decrease in sales conversion efficiency into cash flow from operations was observed due to the timing of working capital items.
As of Q1 2024, the company held $2.8 million in cash and only $2.4 million in debt, which includes a convertible note predicted to convert into stock instead of being repaid in cash.
The Precision Logistics segment generated $5.6 million in Q1 2024, slightly up from $5.4 million in Q1 2023. However, the Authentication segment saw a decrease in revenue to $150K in Q1 2024, down from $250K in Q1 2023.
VerifyMe指出，2024年第一季度收入同比增長，毛利、毛利率百分比和調整後的息稅折舊攤銷前利潤顯著增長，這是他們連續第三個季度調整後的息稅折舊攤銷前利潤爲正。
由於營運資金項目的時機，銷售轉化爲運營現金流的效率有所下降。
截至2024年第一季度，該公司持有280萬澳元的現金，僅有240萬澳元的債務，其中包括預計將轉換爲股票而不是以現金償還的可轉換票據。
精準物流板塊在2024年第一季度的收入爲560萬美元，略高於2023年第一季度的540萬美元。但是，身份驗證領域的收入從2023年第一季度的25萬美元下降至2024年第一季度的15萬美元。
Business Progress:
業務進展：
The sales pipeline is increasing, with expectations for H2 2024 growth rate to surpass H1 2024, contributing significantly to the anticipated growth.
VerifyMe still has the announced stock buyback program in place and is considering the strategy around share repurchase, with minimal shares repurchased in 2024 so far.
The company added new sales representatives in May and plans to further expand the sales team with a targeted geographic approach in June.
Major sales opportunities have been initiated through their recent integration with Amazon Transparency, potentially benefiting stakeholders significantly.
The company expects positive trends for their APAC business, strategic relationship, and Ink sales, with a predicted growth of 5% throughout 2024.
The team sees growth opportunities in the Authentication segment, particularly in food and agriculture traceability.
VerifyMe may face gross margin erosion due to increased market pressure; however, they do not foresee profit erosion due to offsetting pickups below the gross margin.
Despite potential challenges, the company remains optimistic about the remainder of the year.
銷售渠道正在增加，預計2024年下半年的增長率將超過2024年上半年，爲預期的增長做出了重大貢獻。
VerifyMe仍在實施已宣佈的股票回購計劃，並正在考慮股票回購策略，到目前爲止，2024年回購的股票最少。
該公司在5月增加了新的銷售代表，並計劃在6月通過有針對性的地理方法進一步擴大銷售團隊。
通過他們最近與亞馬遜透明度的整合，已經啓動了重大的銷售機會，這可能會使利益相關者受益匪淺。
該公司預計，其亞太業務、戰略關係和墨水銷售將呈現積極趨勢，預計2024年全年增長5％。
該團隊看到了身份驗證領域的增長機會，尤其是在食品和農業可追溯性方面。
由於市場壓力增加，VerifyMe可能面臨毛利率下降；但是，他們預計不會因爲抵消毛利率以下的回升而導致利潤流失。
儘管存在潛在挑戰，但該公司對今年剩餘時間仍然持樂觀態度。
More details: VerifyMe IR
更多詳情： VerifyMe IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。