Tuesday, September 08, 2020 8:21:31 AM
VERB Beats SaaS Revenue Forecast and Reports Record Breaking 2020 Second Quarter Financial Results
(SAAS revenue is now the "largest and fastest" growing component of our total revenue.)
Filed GAAP:
2019 Q2 was $858,000.
Q3 was $953,000.
Q4 was $995,000.
2020 Q1 was $1,057,000,
and Q2, our currently reported quarter was $1,274,000.
The monthly recurring subscription component of the digital revenue, our SAAS revenue, is very high-margin business, with gross margins above 80% and now it’s the largest and fastest growing component of our total revenue.
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