VerifyMe, Inc. (NASDAQ:VRME) Q1 2023 Earnings Conference Call May 11, 2023 11:00 AM ET

Company Participants

Nancy Meyers - SVP, Finance and IR

Scott Greenberg - Interim CEO and Executive Chairman

Keith Goldstein - President and COO

Curt Kole - EVP, Sales and Global Strategy

Margaret Gezerlis - EVP and CFO

Conference Call Participants

Mike Petusky - Barrington Research

Jack Vander Aarde - Maxim Group

Operator

Good day everyone and welcome to the VerifyMe First Quarter 2023 Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Nancy Meyers. Please go ahead.

Nancy Meyers

Good morning, everyone. And thank you for joining us today for our earnings call presentation. On the call today we have Scott Greenberg, Interim CEO and Executive Chairman; Keith Goldstein, President and Chief Operating Officer; Margaret Gezerlis, CFO, and Curt Kole, Executive Vice President Sales and Global Strategy to give an update on our first quarter 2023 results. Following our management presentation, we will have a Q&A session.

I would like to bring your attention to the note on forward-looking statements on Slide 3. Today's presentation and the answers to questions include forward-looking statements. It should be understood that actual results could differ materially from those projected due to a number of factors including those described under the forward-looking statements caption and on the risk factors of the company's annual report on Form 10-K and quarterly reports on Form 10-Q.

I will now turn the call over to Scott Greenberg for some opening remarks.

Scott Greenberg

Thank you, Nancy. I like to welcome you to our first quarter of 2023 earnings call. We will provide a business and financial update and then have a Q&A session.

Through our internal investments and acquisition of PeriShip and Trust Codes, we believe that VerifyMe is developing a unique platform. Our goal is to increase market share and revenue with both a complete solution and an increased sales and marketing effort from the past. The first quarter of 2023 results and the pursuit of new opportunities continues to lead us to our positive future outlook.

I believe the presentations today will demonstrate that the company has crossed a bridge from a technology startup to an operating company. Based upon our latest projections, the company to continues to target a positive adjusted EBITDA for 2023 and revenue growth of approximately 40% both through the acquisitions and organic growth. Our 2023 goal is continue to integrate and focus on the technologies that we purchased.