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Verb is spending money like crazy to integrate with Salesforce and Microsoft.
Rory has managed to build a board and team that's best in the business.
They've already acquired another company to expand into healthcare, and Rory has built every app he has promised.
The last step before the big launch is to make sure the infrastructure will handle the traffic.
There are lots of articles similar to this on how popular live shopping is.
Livestream shopping in China has been compared to the next evolution of QVC and many US players are following the same experience as we discuss below.
‘Kim Kardashian sold 150,000 bottles of her KKW perfume in just a few minutes when it was featured on top live streamer Viya’s show last year on Tmall, the main rival to Taobao Live. An incredible 13 million viewers watched the event.
https://www.retailtechpodcast.com/research/shoppable-livestreaming-market-analysis
Introducing Verb's New Platform "verbTEAMS", and it's available right now!
New features: Completely self-service model with self-signup, self-on-boarding, self-configuring, best-in-class content management system capabilities, great user level administrative capabilities, industry leading analytics in both mobile and desktop platforms that sync with one another, and a super slick one click sync feature that syncs immediately with Salesforce.
With this architecture we can scale much more rapidly, laying the foundation for hyper-growth. This is NOT a slimmed down proof-of-concept beta version, this is the real deal!
Progress Report - Verb Technology Co. Inc. (NASDAQ: VERB) . (formerly nFusz Inc.)
Conversion Rates are Exploding, Markets are Virtually Unlimited and Exponential Growth is Underway !!!
The Team - Press Releases - CEO Reports - SEC Filings - Progress Reports
Board Members - Verb Direct - VerbLIVE - Livestream Shopping - verb.TV
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * * * Significant Developments * * *
Litchfield Hills Research Starts Verb technology Co. Inc. (VERB) at Buy
VERB Reports Record-Breaking Digital Revenues in 2020 Third Quarter Financial Results
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * * * Latest News & Video * * *
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Introducing Verb's New Platform "verbTEAMS", and it's available right now!
New features: Completely self-service model with self-signup, self-on-boarding, self-configuring, best-in-class content management system capabilities, great user level administrative capabilities, industry leading analytics in both mobile and desktop platforms that sync with one another, and a super slick one click sync feature that syncs immediately with Salesforce.
With this architecture we can scale much more rapidly, laying the foundation for hyper-growth. This is NOT a slimmed down proof-of-concept beta version, this is the real deal!
It'll increase over $400k next quarter and rise exponentially there after.
This,
LOL, it probably came from Seeking Alpha
So how did they use SoloFire's tech in the new platform?
We Call Our New Platform verbTEAMS, and it's available right now!
New features: Completely self-service model with self-signup, self-on-boarding, self-configuring, best-in-class content management system capabilities, great user level administrative capabilities, industry leading analytics in both mobile and desktop platforms that sync with one another, and a super slick one click sync feature that syncs immediately with Salesforce.
With this architecture we can scale much more rapidly, laying the foundation for hyper-growth. This is NOT a slimmed down proof-of-concept beta version, this is the real deal!
. . . . . . . . . . . . . . . . . . . . . . "watch"
. . . . . . . . . . . . . . . . . . . . . .
VERB Acquires SoloFire, A Leading Platform for Healthcare Sales Enablement
This acquisition advances the VERB Platform for Live Stream eCommerce and Video-Based CRM into the Lucrative Medical and Life Sciences Sales Market and opens the door for other opportunities in Telehealth with Telemedicine virtual visits, Interactive video-based sales enablement and a Live Stream eCommerce platform for Medical supplies, Equipment, Education, Training, Pharma and much more in the healthcare industry.
The acquisition of SoloFire and it's 23,000 users, represents the Next Chapter in Verb's expansion into Health Care
Now that Verb has successfully completed verbCRM, finished the first integration of verbLIVE with Salesforce and started integrations with Microsoft, Verb has now acquired SoloFire with similar plans to combine the two platforms, specifically to target the lucrative medical sales market.
. . . . . . . . . . . . . . . . . . . . . . SOLOFIRE Sales Enablement Platform
. . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . Reviews
. . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . Over $6 million in Revenue
. . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . SoloFire has empowered over 4 million sales presentations in over 82 countries
No, Investors help fund a business they believe will be a success. Traders trade. They BOTH know the risks they take while bedwetters blame the company.
CAT - 5: New Market Acquisitions - "updated"
VERB Acquires SoloFire, A Leading Platform for Healthcare Sales Enablement
This acquisition advances the VERB Platform for Live Stream eCommerce and Video-Based CRM into the Lucrative Medical and Life Sciences Sales Market and opens the door for other opportunities in Telehealth with Telemedicine virtual visits, Interactive video-based sales enablement and a Live Stream eCommerce platform for Medical supplies, Equipment, Education, Training, Pharma and much more in the healthcare industry.
The acquisition of SoloFire and it's 23,000 users, represents the Next Chapter in Verb's expansion into Health Care
Now that Verb has successfully completed verbCRM, finished the first integration of verbLIVE with Salesforce and started integrations with Microsoft, Verb has now acquired SoloFire with similar plans to combine the two platforms, specifically to target the lucrative medical sales market.
. . . . . . . . . . . . . . . . . . . . . . SOLOFIRE Sales Enablement Platform
. . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . Reviews
. . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . Over $6 million in Revenue
. . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . SoloFire has empowered over 4 million sales presentations in over 82 countries
CAT - 5: New Market Acquisitions - "updated"
Progress Report - Verb Technology Co. Inc. (NASDAQ: VERB) . (formerly nFusz Inc.)
Conversion Rates are Exploding, Markets are Virtually Unlimited and Exponential Growth is Underway !!!
The Team - Press Releases - CEO Reports - SEC Filings - Progress Reports
Board Members - Verb Direct - VerbLIVE - Livestream Shopping - verb.TV
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * * * Significant Developments * * *
Litchfield Hills Research Starts Verb technology Co. Inc. (VERB) at Buy
VERB Announces Inclusion in Russell Microcap® Index
VERB Announces Selected Preliminary Unaudited Operating Results for Third Quarter 2020
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * * * Latest News & Video * * *
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Nov 13, 2020
Join us in welcoming Optilume to the growing roster of Verb clients.
Sales Enablement Platform Leader VERB to Present at Upcoming Virtual Fall Investor Summit and Sidoti Virtual Microcap Conferences
EVENT: Virtual Fall Investor Summit
DATE: Tuesday, November 17, 2020
TIME: 11:30 AM Eastern Time
LINK: https://www.webcaster4.com/Webcast/Page/2038/38411
EVENT: Sidoti Virtual Microcap Conference
DATE: Thursday, November 19, 2020
TIME: 3:15 PM Eastern Time
LINK: https://sidoti.zoom.us/webinar/register/WN_GE0SmSGaQPuoe67K6Q1diA
Mr. Cutaia will provide an overview of the Company, including its operating results from the third quarter of 2020, in addition to other product initiatives and updates.
. . . . . . . . . . . . . . . . . . . . . . . . . . . GCFF Virtual Conference Replay
We Have Another One! . . .
Join us in welcoming Optilume to the growing roster of Verb clients.
What is verb.TV?
Verb.TV will be the new home platform for Verb subscribers and a natural extension of the business that will challenge youtube and twitch.
With the likes of Chad Thomas "My Space", Nancy Heinen "Apple" and the latest addition of Kym Nelson "Twitch", Verb seems to be well positioned take on the big boys. Let the games begin!
NEWPORT BEACH, Calif. and SALT LAKE CITY, Oct. 21, 2020 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), a leader in interactive video-based sales enablement applications, including interactive livestream ecommerce, webinar, CRM and marketing applications for entrepreneurs and enterprises, today announced the appointment of Kym Nelson as Chief Content Officer for a new division of the Company.
A digital advertising and sales executive recognized as a subject matter expert on gaming, live streaming media, eSports and branded content, Ms. Nelson joins VERB after highly successful stints at Twitch, Maxim Magazine, Interplay Games and Fox Interactive, among others. As Vice President of West Coast Sales for Fox Interactive, IGN Entertainment and Myspace, she championed and gained approval to create Fox Interactive Media’s first vertical sales team to represent both IGN Entertainment and Myspace. Her vision paid off, achieving annual sales of $35 million and tripling Myspace gaming industry revenue from $3 million to $10 million.
In 2013, Ms. Nelson was recruited as Senior Vice President, West Coast Sales at Twitch, at the time an early-stage pre-IPO company. Kym played a critical role in positioning the company—which has become the world’s leading live streaming video platform and community for gamers with up to three million broadcasters and 100 million monthly viewers—for acquisition by Amazon. At Twitch, she built and inspired a world-class team of 20, built the sales story and methodology, and was instrumental in driving revenue growth from $2 million to $40 million.
Twitch.tv
Twitch is the world's leading live streaming platform for gamers and the things we love. Watch and chat now with millions of other fans from around the world.
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. . . . . . . . . . . . . . . . . . . . . .
Verb Spotlight - Michelle Lee, Director of Customer Success
Transforming how businesses Attract & Engage Customers
What is verb.TV?
Verb.TV will be the new home platform for Verb subscribers and a natural extension of the business that will challenge youtube and twitch.
With the likes of Chad Thomas "My Space", Nancy Heinen "Apple" and the latest addition of Kym Nelson "Twitch", Verb seems to be well positioned take on the big boys. Let the games begin!
NEWPORT BEACH, Calif. and SALT LAKE CITY, Oct. 21, 2020 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), a leader in interactive video-based sales enablement applications, including interactive livestream ecommerce, webinar, CRM and marketing applications for entrepreneurs and enterprises, today announced the appointment of Kym Nelson as Chief Content Officer for a new division of the Company.
A digital advertising and sales executive recognized as a subject matter expert on gaming, live streaming media, eSports and branded content, Ms. Nelson joins VERB after highly successful stints at Twitch, Maxim Magazine, Interplay Games and Fox Interactive, among others. As Vice President of West Coast Sales for Fox Interactive, IGN Entertainment and Myspace, she championed and gained approval to create Fox Interactive Media’s first vertical sales team to represent both IGN Entertainment and Myspace. Her vision paid off, achieving annual sales of $35 million and tripling Myspace gaming industry revenue from $3 million to $10 million.
In 2013, Ms. Nelson was recruited as Senior Vice President, West Coast Sales at Twitch, at the time an early-stage pre-IPO company. Kym played a critical role in positioning the company—which has become the world’s leading live streaming video platform and community for gamers with up to three million broadcasters and 100 million monthly viewers—for acquisition by Amazon. At Twitch, she built and inspired a world-class team of 20, built the sales story and methodology, and was instrumental in driving revenue growth from $2 million to $40 million.
Twitch.tv
Twitch is the world's leading live streaming platform for gamers and the things we love. Watch and chat now with millions of other fans from around the world.
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. . . . . . . . . . . . . . . . . . . . . . CEO of Verb Technology "Rory Cutaia" shares his vision of verb.TV starting at 18.3 minutes into the video.
Progress Report - Verb Technology Co. Inc. (NASDAQ: VERB) . (formerly nFusz Inc.)
Conversion Rates are Exploding, Markets are Virtually Unlimited and Exponential Growth is Underway !!!
The Team - Press Releases - CEO Reports - SEC Filings - All Progress Reports
Board Members - Verb Direct - VerbLIVE - Livestream Shopping - verb.TV
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * * * Significant Developments * * *
Litchfield Hills Research Starts Verb technology Co. Inc. (VERB) at Buy
. . . . . . . . . . . . . . . . . . . . . . . . . . . VERB Announces Inclusion in Russell Microcap® Index
VERB Announces Selected Preliminary Unaudited Operating Results for Third Quarter 2020
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * * * Latest News & Video * * *
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Nov 06, 2020
Join us in welcoming Va'a Legacy to the growing roster of Verb clients.
Oct 30, 2020
Join us in welcoming Anika to the growing roster of Verb clients.
. . . . . . . . . . . . . . . . . . . . . . . . . . . Update on verbTV starts at 18.3 minutes
Progress Report - Verb Technology Co. Inc. (NASDAQ: VERB) . (formerly nFusz Inc.)
Conversion Rates are Exploding, Markets are Virtually Unlimited and Exponential Growth is Underway !!!
The Team - Press Releases - CEO Reports - SEC Filings - All Progress Reports
Board Members - Verb Direct - VerbLIVE - Livestream Shopping - verb.TV
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * * * Significant Developments * * *
Litchfield Hills Research Starts Verb technology Co. Inc. (VERB) at Buy
. . . . . . . . . . . . . . . . . . . . . . . . . . . VERB Announces Inclusion in Russell Microcap® Index
VERB Announces Selected Preliminary Unaudited Operating Results for Third Quarter 2020
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * * * Latest News & Video * * *
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Nov 06, 2020
Join us in welcoming Va'a Legacy to the growing roster of Verb clients.
Oct 30, 2020
Join us in welcoming Anika to the growing roster of Verb clients.
. . . . . . . . . . . . . . . . . . . . . . . . . . . Update on verbTV starts at 18.3 minutes
I didn't see a completed and tested infrastructure in your list.
Would you agree that this must be in play "before" the whales start aggressively feeding?
We Have Another One! . . .
Join us in welcoming Va'a Legacy to the growing roster of Verb clients.
CAT - 5: New Market Acquisitions - "updated"
We will agree to disagree. OK...
It's a FACT that V3 was to be with added APIs and when the opportunity with Sound Concepts came about, the new version with the APIs went into the COMBINED platform. Remember, it was Sound Concepts that wanted nFusz's interactive video, and Rory wanted into Direct Sales.
And it's a fact that for over a year the concentration has been on developing a Sales Enablement Platform for that industry knowing it would apply to EVERY industry, and they've grown the platform for six consecutive qtrs.
And it's FACT that when Verb is trading at $500.00 a share you'll STILL be saying there is no evidence that interactive video has value. lol
YES!
Wow, every point you make is wrong. There's evidence all over the place, especially with LIVE...
Agreed!
There has been a lot of money made trading this stock, but the real money will be made by buying down here and holding.
There are many thousands following Verb that are very aware of the story and what might be expected, and the story will continue to get louder and louder as it continues to unfold.
Here's a list of very significant and compelling reasons.
What's unreal is to think it won't go much higher BEFORE is goes parabolic.
Positive
He basically said he thought everyone would be happy with Q3 results and Q4 would be even better and Solofire revs will start to show up in Q4.
Near the end he later said that he thought people would be taken aback during 2021.
And don't forget verb.TV
Some are saying Rory said we will be taken aback from Q3 and Q4 results. That comment was referring to next year, not this or next quarter.
There is a LOT going on at Verb.
New division
Integration with Solofire
And The Verb In-App Eco-System
To more effectively and efficiently monetize our current large user base, we have developed and have begun to deploy in-app purchase capabilities for all verbCRM users. This feature is currently being distributed and deployed as an automatic software update to enterprise client users whose monthly subscription fees and use of the application are paid by their corporate employer, sponsor, or principal. The in-app purchase capability will allow these users to pay for subscriptions directly in the app with their own credit card in order to access upgraded or unlocked verbCRM features and additional functionality within the app.
In addition, these users will have in-app access to our forthcoming “app store” where users can subscribe for third-party apps that are complimentary to verbCRM user demographics, such as specialized expense tracking applications, tax software, among other third-party apps offered directly to our user base on a revenue share basis with the third-party developers. In addition, we are expecting to introduce during 2020 an “Open API” architecture, allowing third-party developers to create specialized apps with features and functionality that integrate seamlessly into our verbCRM application. These will be offered directly to our user base through our verbCRM app store on a revenue-sharing basis.
Much of this is already finished, and once Salesforce starts to kick in it's a new game.
Will Verb be the Next SaaS Darling?
With Cash On Hand, Verb Technology Is Off To The Races
Summary
Verb completed a public offering with full over-allotment.
Verb SaaS products are gaining popularity.
New products are being launched to monetize the user base.
Management has a history of driving success.
In this article, I will explain how Verb Technology (NASDAQ:VERB) could be the next big SaaS (software-as-a-service) success story. While it is difficult to predict how successful Verb could be, the stock appears ready for an inflection point as the company recently raised cash and Verb's users are increasing on a monthly basis. On July 24, 2020, Verb Technology raised $13.8 million in proceeds from a recent stock offering (with full exercise of over-allotment option) to flush itself with cash and potentially negate the need to ever raise cash again.
Verb, formerly known as nFusz before its IPO in May 2019, is the rapidly emerging leader in interactive video-based CRM sales and marketing applications. The company uses proprietary, cloud-based, patent-pending SaaS platform technology to provide users with real-time, measurable results on desktop or mobile devices for individuals or enterprises. Impressively, some customers report greater than 600% and even up to 1100% increases in sales conversion rates, as well as 3300% increases in retention rates. Essentially, Verb recently launched one the most effective, easy to use, and affordable CRM sales tool available in the market today.
With the IPO of Zoom (ZM) in April 2019 at a valuation of $9.2 billion, and its subsequent rise to a valuation over $70 billion, investors should be looking for similar promising and forward-thinking SaaS technology companies. After all, the SaaS darling Salesforce (CRM) IPO'd 16 years ago at the equivalent of $3.95 today, and was valued at around $1.1 billion. Now the company is worth ~$173 billion and the stock has appreciated about 50x. With disruptive technology that is being rapidly adopted, Verb Technology, with a current market cap of around ~$45 million, has the reason and the room to run and be the next SaaS darling.
Spotlight on Verb and Its Products
Verb has created a unique sales tool - a modern, new-age CRM - that allows even untrained or unskilled salespeople to sell effectively. This is primarily done through interactive video, in which sales communication takes place primarily through video with clickable links, minimizing cumbersome follow-up and allowing for spontaneous purchases to take place. In fact, in a case they performed, clients saw conversion rates increase 1200% over not text, but normal video. These capabilities and other aspects of Verb's innovations either have been patented or are patent pending. Thus, it is not outlandish to forecast that Verb could be the next big SaaS success. Verb's technological capabilities include:
Samples
Social campaigns
CRM (customer relationship management)
Automated follow-up
Activity feed
Promotions
Centralized content
LMS (learning management system)
Surveys
Interactive video
Enroll/buy links
Data analytics
These various capabilities are accomplished through Verb's main software offerings (video/demos linked): VERB LIVE, VERB CRM, and VERB LEARN. Verb CRM incorporates most of the basic capabilities outlined above as well as the interactive videos with clickable links, which increase conversion rates substantially. Verb LEARN is the LMS system. Verb LIVE is particularly interesting, as it:
"builds on popular video-based platforms such as Facebook Live, Zoom, WebEx, and GoToMeeting among others by adding VERB's proprietary interactive in-video e-commerce capabilities, including an in-video Shopify shopping cart, integrated for Shopify account holders to our own live stream video broadcasting application. VERB LIVE is a next generation webinar platform that allows webinar hosts to utilize a variety of novel sales driving features, including placing interactive icons on screen that appear on the screens of all viewers providing in-video, click to purchase, impulse buy capabilities for products and services featured in the live video broadcast in real time, driving friction free selling." (Rory Cutaia, Q1 2020 Earnings Call)
Thus, for certain purposes such as webinars that might lead to impulse buying, Verb LIVE seems to be superior to both Shopify (SHOP) and Zoom where it can provide selling capabilities during webinars.
In addition to these capabilities and products, Verb has set up its own in-app app store for other product offerings, future offerings, and third-party developed software similar to Salesforce's third party software and Apple's (OTC:APPL) app store. This provides for the formation of a strong network effect, serving as a potential future competitive moat as it is easier for third party developers to make money by developing applications for Verb than making standalone products. This Verb App Store was recently launched and could be a substantial driver for additional revenue for Verb. According to CEO Rory Cutaia on the Q1 earnings call:
"Some of you longstanding stockholders may recall some early talk about the development of our own ecosystem, or App Store, essentially a tab in our app through which users could subscribe for complementary apps or upgraded features and functionality. The purpose was to generate greater revenue per user from our existing user base, which has grown considerably over this past year. Well, in order to execute that strategy, we needed to develop and deploy in-app purchase capability for each user. I'm proud to say that we've now finished that development and we are currently executing agreements with other app developers, who will market their application to our users directly through our app on a revenue share basis with us, not unlike what Apple and Salesforce do. [...] Taking that a step further, we are releasing an open API that will allow third-party developers to develop applications, features and functionality that will integrate seamlessly into our platform that they will market directly to our users to our app, also on a revenue share basis. And because we now have such a large number of users who have downloaded our application, we have become an attractive and easily addressable market for third-party developers. And that is all very high margin, virtually no cost revenue for us."
Even though Verb can be compared and contrasted with leading SaaS companies such as Salesforce, Verb isn't necessarily going head-to-head with established CRM leaders. Recently, Verb announced its product integration with Salesforce. Verb is working with, instead of competing directly against, industry titans such as Salesforce, Marketo (ADBE), Oracle (ORCL), and Microsoft (MSFT). With little holding Verb back from success and massive adoption of their technology, investors should at least have Verb on their radar as the Verb products become mainstream. Successful SaaS businesses are rewarded with high revenue multiples as they have high margins, recurring revenues, and a moat due to high switching costs. By not directly competing-rather, collaborating-with existing CRMs, Verb is taking the path of least resistance to market adoption with its products' various iterations and forms.
The Opportunity
Verb IPO'd last year with the intention of raising smaller sums of money at higher valuations as they made progress towards a strong product launch. However, this strategy failed as short sellers took advantage of their somewhat lean balance sheet along with smaller amounts of revenues to boast of. The short sellers therefore sniffed out financings, driving subsequent secondary offerings towards a lower valuation, diluting shareholders. However, it now looks like Verb raised a more substantial amount of cash and quite possibly will never need to raise money again due to the strong growth and adoption of Verb products.
Management
Verb has a well qualified board of directors as well as a seasoned management team. CEO Rory Cutaia founded and led Telx, a data center solution provider, which was eventually sold for $1.9 billion to Digital Realty. Early investors made 18x returns in 6 years when Telx was sold for the first time for over $200 million. A recent impressive addition was made to the board: Nancy Heinen, a key member of Steve Jobs' executive team who turned around Apple when it was still a struggling business.
Valuation
While it's a bit difficult to extrapolate revenues since the launch curve is just beginning, it helps to look at comparisons for valuation as well as the business' momentum.
Currently, Verb is adding north of 20,000 users per week, large enterprise clients about every week, and currently has about 1.5 million users on the platform. One thing is clear-downloads and adoption should continue; customers love the Verb apps.
As such, the key metrics to watch are total downloads, new enterprise clients, and the key new to look out for are completed integrations with existing CRM leaders, new product launches, and any other developments that would allow Verb to monetize the existing user base. As is known with all digital social media and SaaS platform technologies, user base growth and user satisfaction is key to becoming a big hit and a ubiquitous technology that can bring in lots of revenue. That being said, how can Verb's revenues be forecast?
Aside from the quarterly recurring revenue from new client contracts stalling out temporarily (momentum has already resumed) during COVID-19, Verb has clear and strong growth in quarterly revenues and user downloads.
One might assume quite conservatively that Verb can generate about $1/month for the average user. Although the current user revenue appears to be about $1/user*quarter, current enterprises had capped rates that are starting to be surpassed due to added numbers of users per client, and app add-ons and other capabilities are expected to increase revenue per user, so these numbers are artificially low.
Using a forward-looking 2 million users for the end of the year and $12/year*user, Verb could be bringing in $24 million annualized SaaS high-margin revenue by the beginning of next year. According to Verb's July 7, 2020, S1 Form, the company has 55,245,968 fully diluted shares outstanding. Accounting for future employee incentive programs, one might assume 60 million shares fully diluted.
Using a price per sales ratio of 5x, even though 10x might be more appropriate given Salesforce's P/S ratio and Verb is in the early stages of launch, Verb shares could be worth $2 by the end of the year. In a more optimistic scenario, 2.5 million users could bring in $3/mo and a 10x P/S could be used, in which case the shares could trade around $15. Verb's near-term execution and product adoption will be key in assessing the potential value of VERB shares.
Risks
As referenced in Verb's 2019 10-K, competition might independently develop software that is not covered by Verb's patents that nonetheless competes with Verb's interactive video technology. Also, Verb's intellectual property could be infringed on in foreign countries where laws or government may not uphold patent rights. This could be very detrimental to Verb's business.
Additionally, Verb's product adoption could stall out and fail to be monetized as expected. Since Verb is a small company with a speculative product, failure to ramp up revenues to cover expenses will likely result in substantial dilution to shareholders and a substantial decline in share price.
Conclusion
Verb seems to be on track for successful growth, as evidenced by recent accomplishments such as the launch of Verb LIVE, the App Store, new Japanese operations, and integration with Salesforce software. In fact, employees seem to have an optimistic view of the company's trajectory and shares. In light of COVID-19, Verb introduced pay cuts in exchange for shares so that the company could conserve cash. It is not so common to see employees of a company bullish on their own company. Surprisingly, these pay cuts were extremely well received, according to CEO Rory Cutaia on the Q1 Earnings Call:
"To my great surprise, the pay cut per shares plan was so well received. Not only did every person in the company participate in the plan, but many employees asked if they could take steeper pay cuts in order to get more shares. Believe it or not, many employees asked to take 40%, 50%, 80% even a 100% pay cut in exchange for VERB shares during the three months of the plan. Well I believe the maximum pay cuts we allowed were 74.5% exchange for the shares. This increased the savings expected to generate from this part of the plan from approximately 360,000 to well over 600,000. I have to say that I was extremely humbled by the showing of confidence in the company by the very people who have the greatest visibility into the company, including into our products and operations and I honestly couldn't be more proud. Above everything else I've shared with you today that speaks more about this company than anything I could possibly say."
This has the potential to be the next big SaaS story.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.
Who is Ari Zoldan?
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mr. Zoldan was reporting on E-Commerce over two years ago
CAT - 4: Ecommerce Livestream Shopping
CAT - 3: Verb's Core Markets for Digital Marketing Software are Massive! “updated”
Customer Relationship Management (CRM)
Education (LMS)
Live Broadcast & Conferencing
. . . . . . . . . . . . . . . . . . . . . .(CRM)
. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . .VerbCRM. . . . . . . .Verb's Interactive Marketing & Sales Tools.
Really? I'm under the impression they get the first month for the effort. At 24.99 a pop I can see where they could do very well. And since they are the best, I see no problem, it's what they do...
Salesforce has 3 times the sales people that Oracle/Netsuite has.
Once this monster starts pushing LIVE it's game over!
CAT - 2: Cloud Partner Integrations, Products Launch & Media Campaign
Sales Enablement: The process of providing the sales organization with the information, content, and tools that help sales people sell more effectively. The foundation of sales enablement is to provide sales people with what they need to successfully engage the buyer throughout the buying process.
nFusz developed the world's first interactive video-based CRM and spent the last two years combining it with the leading direct sales marketing application and creating a full suite of interactive tools for a new sales enablement platform for all markets.
The integration and launch of Verb's Sales Enablement Platform includes verbCRM, verbLIVE and verbLEARN with cloud partners like Salesforce, Microsoft, Oracle/NetSuite and Adobe/Marketo, putting Verb "front & center" in the largest and fastest growing global markets for Video Marketing and Live Streaming eCommerce services.
Why are these integrations important?
Oracle/NetSuite boasts a sales staff of over 2,000 people servicing millions of users, but they're only a fraction of the size of Salesforce. Launching with Salesforce first allows Verb to leverage the planet's largest cloud sales force to sell Verb's products to Salesforce's users. This is game changing and will catapult Verb's growth and continue each time a cloud partner integration is completed.
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CRM Market share in 2019 - Microsoft is #2...
New Platform = Full Analytics on All Devices
Up until now sales of verbCRM has been largely limited to enterprise clients and mobile users on Verb's platform, but as the new platform is integrated into partners like Salesforce, "it will give all marketers access to full analytics on all devices," multiplying user access on a global scale and mark Verb's expansion into LiveStreaming!
81% of CRM users are now operating CRM software from multiple devices.
Broad-based Market Awareness Campaign
"However, we currently intend to use the net proceeds to us from this offering primarily for broad-based market awareness of our existing and forthcoming products, including verbLIVE, and for general corporate purposes, including working capital, research and development, and capital expenditures".
. . . . . . . . . . . . . . . . . . . . . . . . .Six Catalysts for Hyper-Growth