Verb Technology Reports 18,543% Revenue Growth to $1.3 Million in Latest Quarter

Verb Technology Company, Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $1.3 million for the three months ended March 31, 2025, a substantial increase from just $7,000 during the same period in 2024. This 18,543% rise in revenue is primarily attributed to the performance of its MARKET.live business unit, which offers interactive video-based social commerce services, and the Go Fund Yourself crowdfunding platform, which began operations in July 2024. The company’s operating loss improved to $2.7 million from $3.2 million year-over-year, reflecting a more efficient cost structure despite total expenses rising to $4 million from $3.2 million.

In terms of operational metrics, Verb Technology's total costs and expenses increased due to higher general and administrative costs, which rose to $3.3 million from $3 million. The company also reported a net loss of $2.4 million, down from $3.4 million in the previous year. Notably, the company recorded $121,000 in interest income and an unrealized gain of $83,000 on short-term investments, contributing to a net other income of $221,000, a significant turnaround from a net expense of $228,000 in the prior year.

Strategically, Verb Technology has made notable advancements, including the acquisition of LyveCom, an AI-driven video commerce platform, which closed on April 11, 2025. This acquisition is expected to enhance the capabilities of MARKET.live by enabling brands to deliver a seamless omnichannel livestream shopping experience. The integration of LyveCom's technology is anticipated to provide advanced features such as AI-driven video content automation and real-time user engagement, further solidifying Verb's position in the social commerce market.

As of March 31, 2025, Verb Technology reported total assets of $18.4 million, down from $20.6 million at the end of 2024, primarily due to a decrease in cash and restricted cash. The company had cash and restricted cash of $7.2 million, down from $7.6 million at the end of the previous quarter. The employee headcount remained stable, and the company continues to focus on expanding its customer base and enhancing product adoption rates across its platforms.

Looking ahead, Verb Technology remains optimistic about its growth trajectory, particularly with the integration of LyveCom and the expansion of its service offerings. The company acknowledges potential risks, including economic conditions that could impact customer spending and product adoption. However, management believes that the strategic initiatives in place will position Verb Technology for continued growth and improved financial performance in the coming quarters.