VerifyMe, Inc. (NASDAQ:VRME) Q4 2022 Earnings Conference Call March 28, 2023 11:00 AM ET

Company Participants

Nancy Meyers - Senior Vice President-Finance and Investor Relations

Scott Greenberg - Interim Chief Executive Officer and Executive Chairman

Keith Goldstein - President and Chief Operating Officer

Curt Kole - Executive Vice President-Sales and Global Strategy

Margaret Gezerlis - Executive Vice President and Chief Financial Officer

Conference Call Participants

Jack Vander Aarde - Maxim Group

Michael Petusky - Barrington Research

Operator

Good morning, and welcome to the VerifyMe Year-End 2022 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 today.

I would now like to turn the conference over to Nancy Meyers, Vice President and Investor Relations. 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 you an update on our fourth quarter 2022 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 three. 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. Thanks for participating on the fourth quarter of 2022 earnings call.

We believe the company is developing a unique platform, both organically and through the acquisitions completed. In 2023, our goal is to further integrate our acquisitions to enhance the company's platform. The fourth quarter of 2022 results and the opportunities being pursued leads us to a positive future outlook. I believe the presentations today will demonstrate that the company's at an inflection point, and for 2023, the company forecasts of positive adjusted EBITDA and increased revenue for the year with a strong balance sheet. We believe that the VerifyMe, PeriShip, and Trust Codes brands are important both individually and the combined strategy for future growth.