75 S. Clinton Ave, Suite 510
Rochester, New York 14604
The Company was formed as LaserLock Technologies, Inc., in Nevada on November 10, 1999. Until 2018, we were primarily engaged in the research and development of our technologies. In conjunction with our strategic partner HP Indigo we began to commercialize our covert luminescent pigment, VerifyInk® on labels and packaging.
In 2018 we also developed a software portal which covertly and overtly authenticates and serializes products to track a product’s complete “life cycle” from manufacturing to the consumer for brand owners.
COMPANY BUSINESS SUMMARY
Verifyme, Inc. is a technology solutions provider specializing in providing brand owners with product authenticity testing, supply chain monitoring and data rich consumer engagement features using unique smartphone readable codes on the brand's products. Our technological brands grow revenue, engage with consumers and provide brand protection and supply chain functions such as counterfeit prevention, product authentication, serialization, consumer engagement, track and trace features for labels, packaging and products.
We believe our technology is the only invisible covert serialization and authentication solution deployed through variable digital printing on HP Indigo printing systems with a smartphone tracking and authentication system. Our technologies are capable of fluorescing, decoding, and verifying invisible VerifyInk codes in the field designed to allow investigators to quickly and efficiently authenticate product throughout the distribution chain, including warehouses, ports of entry, retail locations, and product purchased over the Internet for inspection and investigative actions.
This technology is coupled with a secure cloud-based track and trace software engine which allows brands and investigators to monitor the complete supply chain from product origination to the end user utilizing geolocation mapping and intelligent programable alerts. Brand owners access the VeriPAS™ software through a web portal over the Internet. Brand owners can then set rules of engagement, gather rich business intelligence, establish marketing programs for customer engagement and control, monitor and protect their products’ “life cycle.” We have derived minimal revenue from our VeriPAS™ software system and have derived limited revenue from the sale of our RainbowSecure® technology.
SHARE RELATED INFORMATION
|52 Week High:||$6.40 on 2/9/21||Total Shares Outstanding:||7,277,270|
|52 Week Low:||3.00 on 9/28/21||Public Float:||6,100,000|
|All time High:||$3315.00 on 11/1/01||Earnings Per Share:||0.99|
|All time Low:||$2.00 on 7/1/17||Book Value:||$3.04|
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FUNDAMENTAL INVESTMENT HIGHLIGHTS
The Board of directors take 100% of their compensation in stock of the company. 4 out of 6 board members participated in our stock purchase plan in 2021.
All numbers in Thousands
Prior Fiscal Yr
|Pre-Tax Earnings (Losses)||$5,902||$2,507||$7,100|
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