VERB To Report Financial And Operating Results For Q1 2023 On May 22, 2023
May 19 2023 - 4:00PM
Verb Technology Company, Inc. (Nasdaq:
VERB) ("VERB" or the "Company"), the leader in interactive
video-based sales-enablement applications, including MARKET.live,
its livestream social shopping platform, will timely file its Form
10-Q, reporting financial and operating results for the quarter
ending March 31, 2023 on Monday, May 22, 2023. Due to the blackout
period surrounding the now imminent conclusion of the Company’s
Board of Directors’ review and consideration of certain strategic
opportunities, management is advised not to conduct an earnings
call on Monday. However, subject to a final determination following
the completion of Board’s review process, it is anticipated that a
special shareholder call will be held to discuss the Board’s
determinations and results.
“As I stated in the FY 2022 earnings call last
month on April 17, our Board of Directors was engaged in the review
and consideration of certain strategic opportunities presented by
Alantra, the M&A advisory firm we engaged last fall,” states
Verb CEO, Rory J. Cutaia. “I further stated in that call that it
was my hope and expectation that by today we would be in a position
to provide details around some of these activities and respond to
questions. However, as of today, the Board’s review and
consideration is not yet complete and will likely not be complete
over the next several days by Monday, May 22. Accordingly, due to
the blackout period that surrounds these type of processes, I am
unable to make any comment at this time. However, we are releasing
this communication because I feel compelled to provide what little
information I can to our shareholders concerning the status of that
process. Once the blackout period is behind us, and subject to the
outcome and the Board’s determination, it is my intention to plan a
special call to share the results.”
About VERB
Verb Technology Company, Inc. (Nasdaq: VERB),
the market leader in interactive video-based sales applications,
transforms how businesses attract and engage customers. The
Company’s MARKET.live platform is a multi-vendor, presenter,
livestream social shopping destination at the forefront of the
convergence of ecommerce and entertainment, where hundreds of
retailers, brands, creators and influencers can monetize their base
of fans and followers across social media channels. The Company’s
Software-as-a-Service, or SaaS, platform is based on its
proprietary interactive video technology, is comprised of a suite
of sales enablement business software products offered on a
subscription basis. Its software applications are used by hundreds
of thousands of people in over 100 countries and in more than 48
languages. VERB’s clients include large sales-based enterprises as
well as small business sales teams, including the sales and
marketing departments of professional sports teams. With
approximately 75 full-time employees, the Company is headquartered
in Lehi, Utah, and it also maintains offices in Newport Beach,
California.
For more information, please visit:
www.verb.tech.
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FORWARD-LOOKING STATEMENTS
This communication contains “forward-looking
statements” as that term is defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
risks and uncertainties and include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain words such as
“anticipate,” “expect,” “project,” “plan,” or words or phrases with
similar meaning. Forward-looking statements contained in this press
release relate to, among other things, the Company's projected
financial performance and operating results, including SaaS
Recurring Revenue, as well as statements regarding the Company's
progress towards achieving its strategic objectives, including the
successful integration and future performance of acquisitions.
Forward-looking statements are based on current expectations,
forecasts and assumptions that involve risks and uncertainties,
including, but not limited to the COVID-19 pandemic and related
public health measures on our business, customers, markets and the
worldwide economy; our plans to attract new customers, retain
existing customers and increase our annual revenue; the development
and delivery of new products; our plans and expectations regarding
software-as-a-service offerings; our ability to execute on,
integrate, and realize the benefits of any acquisitions;
fluctuations in our quarterly results of operations and other
operating measures; increasing competition; general economic,
market and business conditions. If any of these risks or
uncertainties materialize, or if any of our assumptions prove
incorrect, our actual results could differ materially from the
results expressed or implied by these forward-looking statements.
Investors are referred to our filings with the Securities and
Exchange Commission, including our Annual Reports on Form 10-K and
Quarterly Reports on Form 10-Q, for additional information
regarding the risks and uncertainties that may cause actual results
to differ materially from those expressed in any forward-looking
statement. All forward-looking statements in this press release are
based on information available to us as of the date hereof, and we
do not assume any obligation to update the forward-looking
statements provided to reflect events that occur or circumstances
that exist after the date on which they were made, except as
required by law.
Investor Relations Contact:
investors@verb.tech
Media Contact:
info@verb.tech
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