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Verb Technology Company Third Quarter 2022 Earnings: Misses Expectations

Verb Technology Company (NASDAQ:VERB) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$2.19m (down 25% from 3Q 2021).

  • Net loss: US$8.03m (loss narrowed by 12% from 3Q 2021).

  • US$0.079 loss per share (improved from US$0.14 loss in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Verb Technology Company Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 7.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Verb Technology Company has 5 warning signs (and 1 which is significant) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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