Verb Technology Company Inc. (VERB) shares plunged 3.96% in after-hours on Monday, August 16, 2021, and closed the Monday trading at $1.94. In the regular trading session on Monday, VERB’s stock gained 3.06%. The stock volume remained 4.22 million shares, which was lower than the average daily volume of 17.25 million shares within the past 50 days. VERB shares have risen 51.88% over the last 12 months, and they have moved down 10.62% in the past week. Over the past three months, the stock has gained 94.23%, while over the past six months, it has declined 17.55%.
VERB recent financial results announcement
On August 16, 2021, Verb Technology Company, Inc. reported financial and operating results for the second quarter and six months ending June 30, 2021.
Q2 2021 financial highlights
- VERB reported revenue of approx $2.4 million for Q2 2021.
- In Q2 2021, General and Administrative expenses were 6.5 million, compared with $4.0 million for Q2 2020.
- Research and development expenses were $3.2 million in Q2 2021, compared with $1.6 million for Q2 2020.
- As of June 30, 2021, the company had cash on the balance sheet totalled $6.4 million, compared with $1.8 million on December 31, 2020.
Partnership with NewAge
On August 06, 2021, (VERB) and NewAge, Inc partnered to launch the NewAge Share app, a sales enablement solution with interactive video technology, to support their global brand partners and independent distributors in increasing customer engagement and sales productivity.
VERB Joining AI platform
On July 26, 2021, Verb Technology Company, Inc announced that it is introducing A I capabilities to its sales enablement platform. The new feature set called “Pulse” is the first iteration of VERB’s artificial intelligence initiatives designed to make it easy for anyone to sell, giving pros and newbies alike a real competitive advantage. The new feature will be available in August 2021.
Launch of EMail service
On July 13, 2021, Verb Technology Company, Inc. announced the general commercial release of verbMAIL. This new product offering, developed through direct collaboration with Microsoft’s Global Partner Solutions’ U.S. Technical Team, is an integration of VERB’s interactive video capabilities into Microsoft Outlook and is now available by subscription through Microsoft’s AppSource Store to the one billion enterprise and individual Microsoft Outlook users worldwide.
Conclusion
Well, we have two recent news and it seems that its recent Q2 2021 financial figures did not fulfil the investor’s expectations and hence it faced the loss in the after-hours on Monday.
