- Business
- VerifyMe, Inc. (NASDAQ: VRME) provides brand protection, authentication, and precision logistics solutions through software and process technology for time- and temperature-sensitive products. The company operates Precision Logistics and Authentication segments; the Precision Logistics segment, through subsidiary PeriShip Global LLC, delivers predictive analytics, PeriTrack dashboard for real-time shipping visibility, service center support, pre-transit planning, post-delivery services, and weather/traffic monitoring primarily for perishable goods in food and healthcare industries; the Authentication segment offers VerifyMe Authenticate with covert and overt security inks/taggants, serialization via QR codes and NFC, mobile apps for counterfeit detection, consumer engagement tools including loyalty programs and product information, VeriInk forensic markers, and supply chain traceability solutions targeting apparel, pharmaceuticals, luxury goods, nutraceuticals, cannabis, and spirits. Founded in 1999 and headquartered in Lake Mary, Florida, with additional operations in Rochester, New York and Encinitas, California, VerifyMe serves global brand owners seeking anti-counterfeiting, traceability, and consumer engagement. Recent developments include a new partnership with a major U.S. parcel carrier in 2025, divestiture of the unprofitable Trust Codes Global business in December 2024 to focus on core Precision Logistics operations accounting for 99% of Q3 2025 revenue, discontinuation of FedEx Proactive services effective September 2025, goodwill and intangible asset impairments of $3.9 million in Q3 2025, improved adjusted EBITDA to $0.8 million in Q3 2025 from $0.2 million prior year amid positive cash generation, and an inducement warrant exercise yielding $4.7 million in early 2025.