Thursday, January 07, 2021 10:40:51 AM
Verb Technology Reports Six Consecutive Quarters of SaaS Revenue Growth
. . . . . . . . . . . . . . . . . . . NASDAQ Lists Verb A Strong BUY With Average Price Target at $3.15
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. . . . . . . . . . . . . . . . . . . . . . Courtesy of NASDAQ: The 7 Best Penny Stocks Under $3
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Verb Technology operates a Cloud platform that helps customers leverage video, such as with sales enablement. Some of the applications are for webinars, onboardings and ecommerce.
The software is sold in more than 60 countries and is available in 48 languages. The customers range from small businesses to large enterprises.
With the Covid-19 pandemic, the corporate world has been scrambling to better use video. True, this has not necessarily helped VERB stock. But the company is still in the early stages. And there is certainly lots of growth potential.
Just look at the latest earnings report. The SaaS (Software-as-a-Service) revenues jumped by 55% on a year-over-year basis and 16% sequentially. In fact, Verb has been able to post six consecutive quarters of growth on the top line.
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To help keep up the momentum, the company has been investing in integrations. One such integration is with Salesforce.com (NYSE:CRM), which includes a joint marketing campaign, and another one will launch soon with Microsoft’s (NASDAQ:MSFT) Outlook.
VERB Reports Record-Breaking Digital Revenues in 2020 Third Quarter Financial Results
Added 16 new client contracts with a guaranteed base value of $834,000 and almost $500,000 in annual recurring revenue.
Six consecutive quarters of SaaS revenue growth.
Total SaaS recurring revenue (a component of total Digital revenue) was $1.5 million, an increase of 55% from the same period last year and increase of 16% from the prior quarter. SaaS recurring revenue as a percentage of total Digital revenue was 80%, compared with 66% for the same period last year
Revenue Listed Above Was Primarily From The First White Labeled Enterprise App and Reflects a Drastic Reduction in Non SaaS Revenue.
. . . . . . . . . . . . . . . . . . . . . . ***All Revenue Drivers From This Point Forward Will Now Include:***
. . . . . . . . . . . . . . . . . . . . . . verbTEAMS - A much faster platform for on-boarding clients of all sizes
. . . . . . . . . . . . . . . . . . . . . . In-App Purchasing
. . . . . . . . . . . . . . . . . . . . . . Sampling
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. . . . . . . . . . . . . . . . . . . . . . ***Verb Now Has Increased Availability***
. . . . . . . . . . . . . . . . . . . . . . Integrations & Sync for all Salesforce users
. . . . . . . . . . . . . . . . . . . . . . Upgraded apps for use on all devices
The acquisition of SoloFire and it's 23,000 users, represents the Next Chapter in Verb's expansion into Health Care
. . . . . . . . . . . . . . . . . VERB Acquires SoloFire, A Leading Platform for Healthcare Sales Enablement and Created verbTEAMS!
. . . . . . . . . . . . . . . . . . . . . . Penny Stock Verb Technology Could Be A Moonshot
. . . . . . . . . . . . . . . . . . . . . . Will Verb be the Next SaaS Darling?
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. . . . . . . . . . . . . . . . . . . . . . Progress Reports
. . . . . . . . . . . . . . . . . . . . . . It Aint Rocket Science!
. . . . . . . . . . . . . . . . . . . . . . Six Catalysts for Hyper-Growth
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Definition of stupid: Knowing the truth, seeing evidence of the truth, but still believing the lie.
Recent VERB News
- VERB’s MARKET.live Unveils Major TikTok Shop Technology Expansion • GlobeNewswire Inc. • 06/20/2024 12:30:00 PM
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 06/12/2024 04:15:02 AM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 06/07/2024 09:26:17 PM
- Form 1-A - Offering Statement [Regulation A] • Edgar (US Regulatory) • 05/31/2024 09:29:18 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/10/2024 09:10:25 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 09:00:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 09:00:29 PM
- VERB’s Healthy Balance and Enhanced Shareholder Equity Behind Nasdaq’s Grant of 6-Month Extension to Regain Compliance With Bid Price Rule • GlobeNewswire Inc. • 05/02/2024 12:15:00 PM
- VERB's MARKET.live x TikTok Shop Partnership Event Draws Over 300 Attendees • GlobeNewswire Inc. • 04/30/2024 12:11:00 PM
- VERB's MARKET.live Adds Another 100 Retail Brands to Its Livestream Social Shopping Platform • GlobeNewswire Inc. • 04/22/2024 12:00:00 PM
- VERB’s MARKET.live x TikTok Shop Partnership Event Set for April 25th • GlobeNewswire Inc. • 04/11/2024 12:00:00 PM
- VERB's MARKET.live Livestream Shopping Business Plan is Now Fully Funded • GlobeNewswire Inc. • 04/02/2024 01:37:56 PM
- VERB's MARKET.live Enters Into Formal Partnership With TikTok for Livestream Shopping Services • GlobeNewswire Inc. • 03/27/2024 11:23:00 AM
- VERB's MARKET.live Adds 100 More Retail Brands to its Livestream Social Shopping Platform • GlobeNewswire Inc. • 03/18/2024 11:23:00 AM
- VERB's MARKET.live Launches Facebook and Instagram Social Shopping Technology Integration • GlobeNewswire Inc. • 03/15/2024 12:30:00 PM
- VERB's MARKET.live Welcomes 50 More Retail Brands to Its Livestream Social Shopping Platform • GlobeNewswire Inc. • 03/12/2024 12:30:00 PM
- VERB’S MARKET.live Second Frankie Avalon Livestream Shopping Show Draws More Than 25,000 Viewers • GlobeNewswire Inc. • 02/29/2024 01:30:00 PM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 02/23/2024 10:00:32 PM
- Verb’s MARKET.Live Frankie Avalon Livestream Shopping Series Attracts Large Audience of Fans and Followers • GlobeNewswire Inc. • 02/20/2024 01:30:00 PM
- VERB's MARKET.live Welcomes 15 More Trendsetting Retail Brands to Its Livestream Social Shopping Platform • GlobeNewswire Inc. • 02/15/2024 01:30:00 PM
- Form 1-A - Offering Statement [Regulation A] • Edgar (US Regulatory) • 02/14/2024 10:15:27 PM
- VERB’s MARKET.live Announces Launch of Frankie Avalon’s Livestream Shopping Show • GlobeNewswire Inc. • 02/12/2024 01:30:00 PM
- VERB's MARKET.live Announces the Addition of 10 More Trendsetting Retail Brands to Its Livestream Social Shopping Platform • GlobeNewswire Inc. • 02/06/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 01:30:28 PM
- VERB's MARKET.live Announces the Addition of 5 More Distinctive Retail Brands to its Livestream Social Shopping Platform • GlobeNewswire Inc. • 01/23/2024 01:30:00 PM
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