DIGITAL REVENUE UPDATE:
Q2: $1,454,000
Q3: $1,438,000

Verb signed 4 new customers in Q2 which should have generated revenue in Q3. But digital revenue, also known as SaaS revenue, is down...

Can we find out which customers are dropping out?

WHAT WAS THE GROWTH RATE WE WERE TARGETING?

VERB generates 50% of its revenue through PRINTING and DISTRIBUTION of MARKETING MATERIALS...

Latest 10-Q shows that only 50% of revenues came from digital sales. The other 50% came from welcome kits, fulfillment and shipping.
————
From 10-Q:

A description of our principal revenue generating activities is as follows:

Digital Sales – We offer cloud-based business software on a subscription basis. Subscriptions are paid in advance of the services or billed 30 days in arrears of the subscription period. The revenue is recognized over the subscription period.

Welcome kits – We offer design and printing services to create corporate starter kits that our clients use for their marketing needs. The revenue is recognized upon completion and shipment of the welcome kits.

Fulfillment – We offer print on demand and fulfilment services of various custom products our clients use for marketing purposes. The revenue is recognized upon completion and shipment of the products.

Shipping – We charge our customers the costs related to the shipping of their welcome kits and fulfillment products through third parties. The revenue is recognized when the welcome kits or fulfillment products are shipped.

What’s next?

The recurring SaaS revenues generated in Q3, on Mondays, between 1pm and 2pm increased by 76% compared to the Q2 recurring SaaS revenues generated on Mondays between 1pm and 2pm?

This reinforces my point...
You are focusing on Rory’s forward looking statements.
I’m focusing on actual results.

Digital revenue on the income statement is $1,438,000... and on page 30 it says SaaS revenue was $1,400,000.

Clear as day...

If that’s wrong, ask Rory to amend the
10-Q

This prediction was pretty much bang on!

Hate to be that guy, but hey...

Here’s the problem:
During Q3, we were being told that Q2 didn’t matter. It was outdated, we should focus on Q3 and Q3 would blow Q2 out of the water.

Now Q3 doesn’t matter. It is outdated and Q4 will be great.

Next, Q4 will be outdated, 2020 will be the year of Verb.

Then, the reverse split is a thing of the past, we look to the future.

Digital revenue in the income statement is $1,438,000... and on page 30 it says SaaS revenue was $1,400,000.

Clear as day...

10-Q filing should be the best source of reliable information.

It says SaaS revenue was down...

Not sure what the argument is about.

Well, it is safe to say that the amount generated in Q3 was probably less than $0.88 of monthly digital revenue per user.

I’m just trying to figure out why the number is so low...?

Any idea?

So if we use the user count from May (545,000 users), and the digital revenue shown on the Q3 10-Q ($1,438,000), the amount of monthly digital revenue generated per user is about $0.88 per user.

Is that correct?

How much monthly digital revenue per user is being generated?

My calculations show approximately $0.70 per month per user... is that accurate?

Can you tell me which revenue has not been allowed to be shown because of GAAP?

Is it customer deposits?
Projected revenue?


TIA

So Sound Concepts had 100% of the MLM market...??

Actually, “Entourage” was released 2 years ago. It was supposed to go for a modest $9.99 per month.
Verb is now making less than $1 per month per user in SaaS revenue... there’s a good indicator of the demand for interactive video.

https://www.globenewswire.com/news-release/2018/01/30/1314255/0/en/nFusz-Launches-Global-Marketing-Campaign-For-Its-notifiCRM-Entourage-Package-Designed-For-Network-Marketers.html

This was announced over 2 months ago... Verb likes to recycle news

Cash flow neutral?!?

Did you look at the financials?

Isn’t Rory on video saying they would use bank debt, right before raising capital with equity last year...?

Those deposits would be shown under deferred income, on the balance sheet. If the deposits were received before September 30th.
What’s the amount showing there?
$191,000?

Isn’t this what they said before the last equity financing?

Where are you getting this?

Nice close!

Good point...

VERB Announces Partnership with NCompassTrac to Provide its Interactive Video Capabilities to the Auto Dealer Industry

All this GAAP talk is pretty funny. What was Rory hoping to recognize as revenue? There isn’t even any deferred revenue... I don’t get it.

Ultirus launched about a year ago...

How’s that going?

Yep, looks like Tal Golan left the company... check his LinkedIn.
He lasted 9 months...

Capital raise needed before end of year, IMO

Same thing was said about Q2 and Q3

When people realize that no one is buying 75s, look out below...

$0.58 per user per month...

Not quite what we were told initially huh?

There might be a bounce play available here. But risk reward is not very good. Not enough for me anyway...

GLTA!

If VERB has 825K users, that means each user is contributing $0.58 per month towards digital revenues. That’s embarrassing...

What happened to charging $10 per month?

DIGITAL REVENUE UPDATE:
Q2: $1,454,000
Q3: $1,438,000

Verb signed 4 new customers in Q2 which should have generated revenue in Q3. But digital revenue, also known as SaaS revenue, is down...

Can we find out which customers are dropping out?

WHAT WAS THE GROWTH RATE WE WERE TARGETING?

VERB generates 50% of its revenue through PRINTING and DISTRIBUTION of MARKETING MATERIALS...

Latest 10-Q shows that only 50% of revenues came from digital sales. The other 50% came from welcome kits, fulfillment and shipping.
————
From 10-Q:

A description of our principal revenue generating activities is as follows:

Digital Sales – We offer cloud-based business software on a subscription basis. Subscriptions are paid in advance of the services or billed 30 days in arrears of the subscription period. The revenue is recognized over the subscription period.

Welcome kits – We offer design and printing services to create corporate starter kits that our clients use for their marketing needs. The revenue is recognized upon completion and shipment of the welcome kits.

Fulfillment – We offer print on demand and fulfilment services of various custom products our clients use for marketing purposes. The revenue is recognized upon completion and shipment of the products.

Shipping – We charge our customers the costs related to the shipping of their welcome kits and fulfillment products through third parties. The revenue is recognized when the welcome kits or fulfillment products are shipped.

I found a positive thing in 10-Q filing:

- Gross margin in terms of % has gone up from 45% in Q2 to 48% in Q3.

Not sure if this will help the PPS

SaaS revenue update:

From 10–Q for Q3:
“SaaS revenue for the quarter ended September 30, 2019 was $1.4 million...”
Page 30

“SaaS revenue for the nine months ended September 30, 2019 was $2.9 million...”
Page 32

LIU LIU LOOK IT UP!!
BEEF UP THE DD!
SAMPLING SAMPLING SAMPLING

Maybe $0.50 tomorrow....

Yes, warnings have been given for months and months

LIU LIU LOOK IT UP!!!
BEEF UP THE DD!
SAMPLING SAMPLING SAMPLING

There is NOTHING positive to point to...

Worst part is that SaaS revenue is down... everyone was counting on that.

This is literally worst case scenario

They are paying suppliers with shares again too 100,000 shares

SaaS revenue is Down!
This is really bad...