VRUS - Verus International, Inc.
| Previous Close | 0.0209 |
| Open | 0.0214 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.0205 - 0.0215 |
| 52 Week Range | 0.0010 - 0.0370 |
| Volume | 3,670,444 |
| Avg. Volume | 8,087,342 |
| Market Cap | 47.692M |
| Beta (3Y Monthly) | 3.48 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0010 |
| Earnings Date | Sep 10, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
VERUS INTERNATIONAL, INC. NAMES GENERAL COUNSEL
Verus International, Inc. (“Verus” or the “Company”) (VRUS) today announced that it has named industry veteran Michael McGowan to the role of General Counsel. Michael brings more than 25 years of experience to this new position at Verus. Previously, he served as a corporate consultant to Neustar, which was publicly traded until it was acquired for approximately $2.9 billion and taken private in August 2017.
- GlobeNewswire
VERUS INTERNATIONAL, INC. REPORTS 154% INCREASE IN QUARTERLY REVENUE; FORECASTS CONTINUED TRIPLE-DIGIT GROWTH
Verus International, Inc. (“Verus” or the “Company”) today announced financial results for its fiscal 2019, third quarter ended July 31, 2019. In conjunction with this release, the Company is also providing additional details on its strategy for the remainder of fiscal 2019. The Company’s gross margin was approximately 14%.
- GlobeNewswire
VERUS INTERNATIONAL SCHEDULES THIRD QUARTER FISCAL 2019 FINANCIAL RESULTS CONFERENCE CALL
Verus International, Inc. (“Verus” or the “Company”) (VRUS) will hold its third quarter 2019 Financial Results and Corporate Update Conference Call on Tuesday, September 10, 2019 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). The Company will release its third quarter 2019 financial results prior to the call. The conference call and live webcast will be open to analysts and investors and will cover both the financial results for the quarter and nine-months ended July 31, 2019 and the business plan going forward.
- GlobeNewswire
VERUS INTERNATIONAL ACQUIRES UAE-BASED FRENCH FRY OPERATION
Verus International, Inc. (“Verus” or the “Company”) (VRUS) is pleased to announce that it has entered into an Asset Purchase Agreement to acquire the french fry operations (the “Acquired Assets”) of an established supplier operating in the Middle East. The consideration to be paid for the Acquired Assets will be equivalent to 2,000,000 United Arab Emirates Dirham ($544,477 USD) in cash, plus assumption of certain liabilities. The Company expects the acquisition will begin contributing to revenue within 30 days through existing sales relationships and believes this acquisition will give it an established presence in an important frozen food category in its existing hotel, restaurant and similar markets.
- GlobeNewswire
VERUS INTERNATIONAL SIGNS $13.5 MILLION CREDIT INSURANCE POLICY; SELLS OUT FIRST RUN OF MLB ICE CREAM
Verus International, Inc. (“Verus” or the “Company”) (VRUS) is pleased to announce that it has procured $13.5 million in credit insurance from Euler Hermes, the global leader in trade credit insurance, surety, and related risk services. Credit insurance coverage protects businesses from non-payment of commercial debt and removes a key element of trade risk by guaranteeing that all qualified invoices are paid. “Euler Hermes has been in business for more than 100 years and operates in 56 countries, so credit insurance bearing their name carries enormous weight with suppliers throughout the world,” explained CEO Anshu Bhatnagar.
- GlobeNewswire
VERUS INTERNATIONAL ANNOUNCES $500,000 LINE OF CREDIT WITH THE COLUMBIA BANK, N.A.
Verus International, Inc. (“Verus” or the “Company”) (VRUS) is pleased to announce that it has signed a revolving line of credit (“LOC”) with The Columbia Bank, N.A. (a Fulton Financial Corporation affiliate). The revolving credit line is immediately available for eligible foreign trade financing. The new revolving credit line carries a favorable variable rate of 30-day LIBOR plus 3.00%.
- GlobeNewswire
VERUS INTERNATIONAL SIGNS $605,000 NOTE; INCREASES FUNDED BACKLOG
Verus International, Inc. (“Verus” or the “Company”) (VRUS) is pleased to announce that it has strengthened its capital structure via a $605,000 fixed-rate convertible note from Eagle Equities, LLC. The note carries a 4% per annum interest rate on the principal. The note is due on July 1, 2020 and the holder can convert any amount of the principal into shares of the Company's common stock, at a price equal to $0.10 per share. As the initial production of the Major League Baseball (MLB) ice cream commences this week, this new funding will enable Verus to accelerate the roll-out of this product category into additional team markets.
- GlobeNewswire
VERUS INTERNATIONAL, INC. REPORTS 153% INCREASE IN QUARTERLY REVENUE; FORECASTS RECORD GROWTH FOR FISCAL 2019
Verus International, Inc. (“Verus” or the “Company”) today announced financial results for its fiscal 2019 second quarter ended April 30, 2019. In conjunction with this release, the Company is also providing additional details on its strategy for the remainder of fiscal 2019. Operating expenses as a percentage of revenue improved significantly to 23.7% of revenue in Q2/19 compared to 38.3% in Q2/18.
- GlobeNewswire
VERUS INTERNATIONAL NAMES CHIEF FINANCIAL OFFICER
Verus International, Inc. (“Verus” or the “Company”) (VRUS) is pleased to announce that Christopher Cutchens has been appointed as the Company’s Chief Financial Officer, effective June 1, 2019. As part of this appointment, Mr. Cutchens has relocated to Verus’ Maryland office. “We have so many things in work, that appointing a full-time CFO on premises has become a critical need. I am looking forward to having another key member of our staff under the same roof,” said Anshu Bhatnagar, Verus’ CEO.
- GlobeNewswire
VERUS INTERNATIONAL ANNOUNCES $500,000 STRATEGIC INVESTMENT FROM ARJ CONSULTING, LLC
Verus International, Inc. (“Verus” or the “Company”) (VRUS) is pleased to announce that it has received a strategic investment from ARJ Consulting, LLC and lead investor Andrew Garnock. “This additional vote of confidence in our strategy could not come at a better time, as we begin to ramp up our new business,” said Verus CEO Anshu Bhatnagar. “To find a lead investor who shares our long-term vision of the future is gratifying.
- GlobeNewswire
VERUS INTERNATIONAL SIGNS NEW 2,500 STORE DISTRIBUTION AGREEMENT
Verus International, Inc. (“Verus” or the “Company”) (VRUS) is pleased to announce that it has signed a new distribution agreement to place Major League Baseball (MLB) branded confectionary products into approximately 2,500 locations in the New York (Yankees), Boston (Red Sox), Philadelphia (Phillies) and Chicago (Cubs) metro markets. “We are very excited about this new marketing partnership,” said Big League Foods Subsidiary President James Wheeler.
- GlobeNewswire
Verus International Signs $600,000 Note – Provides Operational Update
Verus International, Inc. (“Verus” or the “Company”) (VRUS) is pleased to announce that it has strengthened its capital structure via a $600,0000 fixed-rate convertible note from GS Capital. The note is due November 12, 2019 and the holder can convert any amount of the principal into shares of the Company's common stock, at a price equal to $0.10 per share. A portion of this funding will be used immediately to begin production of ice cream for our newly announced Big League Foods subsidiary.
- GlobeNewswire
VERUS INTERNATIONAL ANNOUNCES ACQUISITION OF BIG LEAGUE FOODS, INC. – GAINS LICENSE WITH MAJOR LEAGUE BASEBALL
Verus International, Inc. (“Verus” or the “Company”) (VRUS) today announced its acquisition of Big League Foods, Inc. (“Big League Foods”), which has a license with Major League Baseball Properties, Inc. (“MLB”) to sell MLB-branded frozen dessert products and confections. The license covers all 30 MLB teams. Upon the closing of the acquisition of all of the outstanding capital stock of Big League Foods, Big League Foods became a wholly-owned subsidiary of Verus.
- GlobeNewswire
VERUS INTERNATIONAL, INC. REPORTS 145% INCREASE IN QUARTERLY REVENUE, ANNOUNCES LARGEST FUNDED BACKLOG IN COMPANY HISTORY
Verus International, Inc. (“Verus” or the “Company”) today announced financial results for its fiscal 2019 first quarter ended January 31, 2019. In conjunction with this release, the Company is also providing a more detailed description of its strategy for fiscal 2019. The company’s gross margin was approximately 15%, in the higher expected range for the current product mix.
- GlobeNewswire
VERUS INTERNATIONAL, INC. REPORTS 101% INCREASE IN ANNUAL REVENUE
Verus International, Inc. (“Verus” or the “Company”) today announced financial results for its fiscal 2018 fourth quarter and full year ended October 31, 2018. In conjunction with this release, the Company will also provide additional details on its strategy for fiscal 2019. In fiscal 2018, Verus posted sales of $5.8 million, a 101% increase over the $2.9 million registered in fiscal 2017.
- GlobeNewswire
VERUS INTERNATIONAL ANNOUNCES $4 MILLION RICE SUPPLY AGREEMENT
Verus International, Inc. (“Verus” or the “Company”) is pleased to announce that it has received an order from a distributor to deliver approximately $4 million worth of rice annually for the Dubai market. Verus will source three to four varieties of rice from multiple producers in India to meet this initial demand. Under the terms of the agreement, Verus will sell rice under both the supplier’s brand name and a Verus brand.
- GlobeNewswire
VERUS INTERNATIONAL SIGNS $10 MILLION HONEY SUPPLY AGREEMENT
Verus International, Inc. (“Verus” or the “Company”) is pleased to announce that it has signed an agreement to supply honey products in Europe and parts of the Middle East. The contract will focus particularly on the United Kingdom and Germany, but will include a dozen countries in Europe and the Middle East. Depending upon the market, Verus will offer from 20 to 30 different stock keeping units (SKUs) covering a broad range of honey categories and product sizes.
- GlobeNewswire
Verus International Announces $1.45 Million Financing and Retirement of Notes
Gaithersburg, MD, Feb. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Verus International, Inc. (“Verus” or the “Company”) is pleased to announce that it has received $1.45 million in funding, as detailed in a Form 8-K filed today. Concurrent with this funding, Verus is pleased to announce that it has retired all of the variable rate convertible notes (“toxic notes”) held by four separate creditors. This action is particularly important because it will enable Verus to remove a sizeable reserve from its balance sheet and avoid paying millions of dollars in penalties and other charges.