Verb Technology Company Inc (VERB)

[dukeb]

The dummies over on the other board are absolutely clueless.

One states:

I have to admit the numbers are looking better. A loss of 2 cents this past quarter compared to a loss of 94 cents the same quarter last year. Yes, the revenue was much higher. Hopefully, the present quarter will show a profit, albeit most likely a small one.

Hmm. Well, in the 2nd quarter of 2023 there were about 4 million shares outstanding. At the end of the 2nd quarter of 2024 there were more than 107 million shares outstanding.

The loss per share did go down but the number of shares outstanding grew by more than 26-fold.

And some are talking about a profit in the 3rd quarter. In the 2nd quarter their gross margin was 16%. Let's say they can raise the margin to 20%. The overhead costs are more than $ 2 million per quarter. That means the company needs to sell $ 10 million of product in a quarter to break even at the current expense rate.

$ 2 million in quarter 3 up from $ 37,000 in quarter 2.

I'm somewhat skeptical. /s