Post by Mike on Dec 28, 2019 17:30:58 GMT -5
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Progress Report - Verb Technology Co. Inc. (NASDAQ: VERB) (formerly nFusz Inc.)

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Recurring Revenue "SaaS"
It takes approximately 79 days on average from the date we execute the SaaS contract to launch a new client and begin recognizing the recurring revenue from that contract.Digital Revenue increased 40% in Q-1 over previous quarter.
Digital Revenue increased another 37% to $1.5 million in Q-2 over previous quarter.
11-11-2019 CEO Report: Verb signed 14 new enterprise clients in Q3 verses 4 contracts for the previous quarter.
So, looking only at our GAAP-recognized revenue for Q3, that breaks down as follows: SaaS recurring revenue recognized during the three months ending September 30, 2019, was $953,000. That represents an 11% increase over the SaaS revenue we recognized in the second quarter. Total digital revenue for Q3 was $1.4 million. This represents an increase of 28% of GAAP-recognized revenue for our digital business over the same period last year.
Q4, 2019 Progress Report
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Latest Updates - Q1, 2020
Jan. 27, 2020
IDLife Launches VERB’s Interactive Video CRM Platform in the U.S.
NEWPORT BEACH, Calif. and SALT LAKE CITY, Jan. 27, 2020 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (NASDAQ:VERB) ("VERB" or the "Company"), a leader in business-focused interactive video CRM, marketing, and sales enablement applications, announced today that IDLife, a health and wellness company focused on customized nutrition products, has launched their new white-labeled VERB mobile sales application in the U.S. market.
IDLife is a health and wellness company that is revolutionizing the industry with customized nutrition. Their name stands for Individually Designed Life and was founded on the principle that no two people are alike, so everyone has unique nutritional needs. Their mission is to offer the highest quality products and programs available to help their customers lead a healthier life. They offer a range of individualized nutritional products to help further their mission of empowering their customers and Associates by maximizing their potential to achieve their lifestyle goals.
In addition to leveraging the power of VERB’s platform of wide-ranging features and functionality, including the interactive video sales enablement features, IDLife will also be implementing VERB’s in-app integrated sampling platform. VERB’s sampling feature allows Associates to send sample products directly to customers and prospects right through the VERB app, which has been shown to significantly increase sales conversion rates.
“Partnering with VERB will allow us to expand upon the already-rapid growth we’ve generated for our business,” said IDLife President Laura Brandt. “VERB’s comprehensive app functionality as well as its proven, customizable sampling system made them the perfect match for how we operate. Furthermore, VERB’s tools will allow us to provide greater choice for our Associates and end customers, which is one of our core values and should translate to a big win for IDLife.”
Global President of Sales for VERB McKinley Oswald added, "As consumers demand more and more customized products and services in their daily experiences, IDLife and VERB are well positioned to address that growing trend by helping our respective clients and customers access what they want and how they want it. IDLife is a major player in the health and wellness space, and we’re looking forward to helping IDLife and their Associates grow their businesses more rapidly and effectively. For all of us at VERB, it’s very exciting to watch the momentum in our own company’s growth as we continue adding clients of this scale and magnitude.”
Jan. 21, 2020
VERB Launches Interactive Video CRM Sales App for Leading Discount Prescription Provider Rx Hacker
“VERB’s interactive video technology has the power to significantly impact both our customer education process as well as our affiliate marketing programs,” said Leonard Pastrana, Chief Marketing Officer of Rx Hacker. “With VERB’s easy to use, state-of-the-art platform, our customers and partners will be able to more effectively communicate the immense value Rx Hacker provides. We are confident that this new, innovative approach will yield lasting results for our organization.”
Global President of Sales for VERB, McKinley Oswald, added, “We are very pleased to welcome Rx Hacker to our rapidly growing list of enterprise clients, all of whom are experiencing the benefits of our unique sales enablement platform. We are also pleased to announce that this represents our launch into the pharmaceutical sector, which is a new vertical and lucrative market for VERB. Our interactive video-based CRM platform is flexible enough to empower a variety of different industries and use cases, including Rx Hacker’s unique approach and we look forward to supporting their efforts to leverage the power of our technology going forward.”
Jan. 21, 2020
Jan. 14, 2020
VERB and Industry Leader DirectScale Partner To Offer Fully Integrated Platform to Social, Affiliate, and Direct Sales Companies
Global President of Sales for VERB McKinley Oswald added, “This partnership with DirectScale is a highly complementary alliance wherein both parties truly benefit. DirectScale will be able to offer their clients a bundled solution that includes VERB’s unique, cutting-edge lead gen and sales enablement technology that provides clients with significantly increased retention and growth rates, and VERB will enjoy a more expansive user base and associated revenue generation.”
Jan. 09, 2020
Jan. 08, 2020
VERB CEO Provides 2019 Business Recap and Outlines Plans for 2020
