Q1 2025 Verb Technology Company Inc Earnings Call

Speaker Change: Good afternoon and welcome to the first quarter 2025 financial results conference call for VIRB Technology Company Incorporated. At this time all participants are in a listen-only mode. Please be advised the call is being recorded at the company's request.

Speaker Change: Before we begin I'd like to remind everyone that statements made during this conference call will include forward looking statements under the Safe Harbor provisions of the private Securities Litigation Reform Act of 1995, which involve risks and uncertainties that can cause actual results to differ materially.

Speaker Change: Forward looking statements speak only as of the date they are made except as required by law as the underlying facts and circumstances may change.

Speaker Change: For a technology company disclaims any obligations to update these forward looking statements as well as those contained in the company's current and subsequent filings with the SEC.

Speaker Change: I would now like to turn the call over to Rory J Cutaia CEO worry.

Speaker Change: Thank you moderator and thanks to everyone for joining us today for our first quarter 2025 financial results and business update conference call.

Speaker Change: For those of you who have reviewed our 10-Q filed this morning or the summarized results in the press release, we issued this morning well.

Speaker Change: You already know right you know the company is firing on all cylinders and I'm talking about a 12 cylinder finely tuned exotic sports roaster and yeah. Yeah, we had a crazy good quarter. This is the verb we've envisioned and this is the verb we've manifested and this is the verb we have work.

Speaker Change: So hard to deliver and the best part is really the really best part is this is just the beginning.

Speaker Change: Got to hand, it to my management team they never stopped believing through all the trials and tribulations than we've had more than our share. They stuck it out with me, we drew strength from one another and no matter what.

Speaker Change: No matter, what we never gave up and I appreciate them, all so very much and our amazing Amazing board of directors.

Speaker Change: And now that we've begun to hit our stride, they're all feeling they know where we're taking this vehicle and for those of you listening to this what stuck it out with us and for those of you thinking about joining us from here on out it's going to be a fun ride, where cashed up zero debt insanely undervalued in each.

Speaker Change: Birth Division is performing very very well.

Speaker Change: So I'm not going to take your time reading the 10-Q or reiterating everything we discussed about the company just six weeks or so ago. When we reported our 2024 results.

Speaker Change: But I will definitely enjoy sharing some of our team's accomplishments in just the first three months of this year. So alright lets start with revenue, but first let me provide some context alright in Q1 of 2024, we reported revenue of just $7000.

Speaker Change: In Q4 of 2024, we reported revenue of $723000 definitely a great quarter and the first full quarter. After we instituted a number of changes to our business model.

Then the entirety of 2024, we reported a total of $895000.

Speaker Change: But in Q1 of 2025, we reported $1.3 million, that's 80% revenue growth over the prior quarter and approximately 46% growth over all four quarters of revenue of 'twenty 'twenty four combined.

Speaker Change: And while we've been busy signing and launching a plethora of new clients.

Speaker Change: We identified what we believe is the hottest AI social Commerce technology company in the market and negotiated the terms of $8 5 million dollar cash and stock acquisition signed a comprehensive term sheet and then rapidly drove the deal to closing all while actively integrating their AI technology into our own.

Speaker Change: That pool.

Speaker Change: We used about $4.2 million in cash in closing that acquisition and look I really liked having a very robust zero debt cash the balance sheet.

Speaker Change: So being opportunistic we identified a funding opportunity with extraordinary shareholder friendly terms negotiated it documented and closed it a non dilutive nonconvertible non voting preferred stock deal with just a 9% annual dividend and.

Speaker Change: That we added $5 million back onto the balance sheet.

Speaker Change: This deal is with.

Speaker Change: A trusted financial partner with whom we've now done several very successful deals.

Speaker Change: I do feel sorry for other companies doing terrible horrible finances steep steep discounts to market price.

Speaker Change: Pre funded warrants triple warrant coverage.

Speaker Change: Estimating cap tables.

Rendering many of these companies on Financeable going forward, who ultimately gets shorted into oblivion.

Speaker Change: You see it everyday tough times for a lot of companies and I'm very grateful that we're in such a strong cash position and we've been able to maintain a super clean cap table, no warrant overhang and a very tight float and obviously not desperate to find the source capital in fact without <unk>.

Speaker Change: Cash on hand, no debt and growing revenue across all business units, we expect to be able to fund operations easily easily into 2028 and beyond.

Speaker Change: As to the growth behind market Dot live.

Speaker Change: We've signed many very high profile clients and continue to do so.

Speaker Change: And I've been asked well why aren't we announcing them, which we'd have to do multiple times a month, but the answer is is most of these deals are where were white labeling our platform for these well known brands in our contract prohibits us from announcing the names I wish I could if I could I doubt our stock would still be.

Speaker Change: Trading for 50% of our net cash with zero value given for all our business units. It's crazy. It's a it's just crazy Ive also been asked why we don't see as many lives James on market that live as as we used to and that's because our new technology allows us to stream directly.

Speaker Change: From our clients' own websites and then multi cast their streams across multiple social media channels simultaneously and this is this is really the killer app to drawing so many more clients because it allows these brands to own and continue to own the customer relationship while still streaming over other social plan.

Speaker Change: Forbes.

Speaker Change: We're also seeing strong strong growth in shop of all ads among many other areas of our market that live in and now live com business units.

Speaker Change: Our telehealth platforms Vanity prescribed and good go Rx continues to grow month over month, adding recurring subscription based revenue.

Speaker Change: And I'll go find yourself crowdfunding television show is developing and almost cult like following and more and more issuers, who are applying to beyond the show, forcing this now to become much more selective and to accommodate demand. We're now shooting multiple episodes twice a month and of course issuers pay to be on the show.

And now we're about to launch season two on Cheddar.

Speaker Change: No.

Speaker Change: In closing I refer you to our Form 10-Q filed today for greater details concerning our Q1 2025 financial results as well as the press release that we distributed today summarizing those results for additional information that is not covered in my in my conference call today.

Speaker Change: So thank you. Thank you for your interest in verb and for taking the time to listen to our Q1 2025 financial results.

Speaker Change: And I presume you can tell how excited we are about the business, we're really excited and.

Speaker Change: Yes.

Speaker Change: We do indeed expect Q2 results to be even better than this Q1.

Speaker Change: So <unk>.

Speaker Change: Standby.

Speaker Change: Thank you ladies and gentlemen. This concludes the conference call you may now disconnect your lines.