Post by Mike on Mar 19, 2020 4:32:21 GMT -5
Progress Report - Verb Technology Co. Inc. (NASDAQ: VERB) (formerly nFusz Inc.)
- - - - - - - - - - {- - - - - - - - - - - - NASDAQ - - - - - - - - - - - -} - - - - - - -- - - - - - - - { - - - - Verb Technology - - - - }
SEC Filings - Short Interest - Latest News - CHART - Analyst Reports - Verb - PRs - CEO Reports
Management - Interactive Demos - Testimonials - Enterprise Clients - Partnerships - DD Home
VERB GO - taggEDU - VERB Live - taggMED - taggNGO - MYtagg - VERB Direct - All Markets
Rory says that once a new contract is executed, it takes approximately 70 to 90 days “and sometimes more” to launch a new client's application and begin recognizing the recurring revenue. Therefore, reported revenue is a lagging indicator and mis-leading. Company progress is more accurately measured by how many new contracts "and their expected QRR" that were actually executed during each quarter.
The analyst from Litchfield also says that new client orders are the leading indicator and would encourage Verb's management to continue providing aggregate order data.
These numbers were pulled from the conference call.
2019
Q-1 - Verb executed "4" new client contracts.
Q-2 - Verb executed "4" new client contracts (QRR $39,000) - Qtr over Qtr recuring revenue was $858,000. (GAAP)
Q-3 - Verb executed "14" new client contracts (QRR $195,000) - Qtr over Qtr recuring revenue was $953,000. (GAAP)
Q-4 - Verb executed "15" new client contracts (QRR $234,000) - Qtr over Qtr recuring revenue was $995,000. (GAAP)
2020
Q-1 - Verb executed only "11" new client contracts (QRR $91,000) partly due to the corona virus, but Qtr over Qtr recuring revenue was $1,057,000. (GAAP) An increase of $62,000 over the previous quarter.
Q1, 2020 Progress Report
NEWPORT BEACH, Calif. and SALT LAKE CITY, May 19, 2020 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), a leader in business-focused interactive video Webinar, CRM, marketing, and sales enablement applications, reported financial results for the full year ended December 31, 2019 and the first quarter ended March 31, 2020.
May 13, 2020
VERB to Host Fourth Quarter and Full Year 2019 and First Quarter 2020 Earnings Call on Monday, May 18, 2020 at 5:00 PM ET
NEWPORT BEACH, Calif. and SALT LAKE CITY, May 13, 2020 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), a leader in business-focused interactive video Webinar, CRM, marketing, and sales enablement applications, will host a conference call to discuss its financial results for the fourth quarter and full year ended December 31, 2019 and the first quarter ended March 31, 2020 on Monday, May 18, 2020 at 5:00 PM Eastern time (2:00 p.m. Pacific time). The Company plans to file its related Forms 10-K and 10-Q by Thursday, May 14, 2020 and Friday, May 15, 2020, respectively.
VERB CEO Rory J. Cutaia and CFO Jeff Clayborne will host the conference call, followed by a question and answer period.
Date: Monday, May 18, 2020
Time: 5:00 PM Eastern time (2:00 PM Pacific time)
U.S. dial-in number: 877-407-4018
International number: 201-689-8471
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 949-574-3860.
A telephonic replay of the conference call will be available after 8:00 PM Eastern time on the same day through June 1, 2020.
Toll-free replay number: 844-512-2921
International replay number: 412-317-6671
Replay ID: 13703745
April 28, 2020
VERB Begins Japan Operations as Part of International Expansion Plan Tapping into a Multi-Billion-Dollar Market Opportunity
VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), a leader in business-focused interactive video Webinar, CRM, marketing, and sales enablement applications, announced the commencement of its Japan operations, signaling the launch of its global expansion strategy. The Company is now offering in-country, native language sales and support personnel in Japan. The Company intends to drive international revenue growth through its “sales by locals to locals” strategy.
The Company is currently offering its verb CRM, interactive video-based CRM application to the local Japanese enterprise market. In the coming weeks, VERB also expects to offer a small business version of its verb CRM applications as well as its much-anticipated verb LIVE application. verb LIVE is the Company’s expected forthcoming live broadcast interactive webinar app that features in-video clickable action links that eliminate friction from the webinar sales process by allowing viewers to make purchases quickly and seamlessly by clicking on the products featured right in the video broadcast.
The Company’s entrance to the Japanese business market, one of the largest global economies, was almost a year in planning and required the expertise of local professionals, particularly those skilled and experienced in the development and implementation of business ventures in Japan by American companies. Collectively, these professionals have more than three decades of experience in launching American products and services and conducting business operations in Japan. The Company’s Japan operations are expected to target several verticals for its sales enablement applications, including, but not limited to, insurance, financial services, and other large enterprise sales verticals.
The Company’s international bet is already paying off with new Japan-based clients signing-on as well as existing U.S.-based clients signing-on for their own expansion plans in Japan, leveraging the power of VERB’s sales enablement platform and local in-country capabilities.
- - - - - - - - - - {- - - - - - - - - - - - NASDAQ - - - - - - - - - - - -} - - - - - - -- - - - - - - - { - - - - Verb Technology - - - - }
SEC Filings - Short Interest - Latest News - CHART - Analyst Reports - Verb - PRs - CEO Reports
Management - Interactive Demos - Testimonials - Enterprise Clients - Partnerships - DD Home
VERB GO - taggEDU - VERB Live - taggMED - taggNGO - MYtagg - VERB Direct - All Markets
Recurring Revenue "SaaS"
Rory says that once a new contract is executed, it takes approximately 70 to 90 days “and sometimes more” to launch a new client's application and begin recognizing the recurring revenue. Therefore, reported revenue is a lagging indicator and mis-leading. Company progress is more accurately measured by how many new contracts "and their expected QRR" that were actually executed during each quarter.
The analyst from Litchfield also says that new client orders are the leading indicator and would encourage Verb's management to continue providing aggregate order data.
These numbers were pulled from the conference call.
2019
Q-1 - Verb executed "4" new client contracts.
Q-2 - Verb executed "4" new client contracts (QRR $39,000) - Qtr over Qtr recuring revenue was $858,000. (GAAP)
Q-3 - Verb executed "14" new client contracts (QRR $195,000) - Qtr over Qtr recuring revenue was $953,000. (GAAP)
Q-4 - Verb executed "15" new client contracts (QRR $234,000) - Qtr over Qtr recuring revenue was $995,000. (GAAP)
2020
Q-1 - Verb executed only "11" new client contracts (QRR $91,000) partly due to the corona virus, but Qtr over Qtr recuring revenue was $1,057,000. (GAAP) An increase of $62,000 over the previous quarter.
Q1, 2020 Progress Report
---------------------------------------------------------------------------------------------------------------------------------------------
Latest Updates - Q2, 2020
Verb has a new pricing structure
NEWPORT BEACH, Calif. and SALT LAKE CITY, May 19, 2020 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), a leader in business-focused interactive video Webinar, CRM, marketing, and sales enablement applications, reported financial results for the full year ended December 31, 2019 and the first quarter ended March 31, 2020.
May 13, 2020
VERB to Host Fourth Quarter and Full Year 2019 and First Quarter 2020 Earnings Call on Monday, May 18, 2020 at 5:00 PM ET
NEWPORT BEACH, Calif. and SALT LAKE CITY, May 13, 2020 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), a leader in business-focused interactive video Webinar, CRM, marketing, and sales enablement applications, will host a conference call to discuss its financial results for the fourth quarter and full year ended December 31, 2019 and the first quarter ended March 31, 2020 on Monday, May 18, 2020 at 5:00 PM Eastern time (2:00 p.m. Pacific time). The Company plans to file its related Forms 10-K and 10-Q by Thursday, May 14, 2020 and Friday, May 15, 2020, respectively.
VERB CEO Rory J. Cutaia and CFO Jeff Clayborne will host the conference call, followed by a question and answer period.
Date: Monday, May 18, 2020
Time: 5:00 PM Eastern time (2:00 PM Pacific time)
U.S. dial-in number: 877-407-4018
International number: 201-689-8471
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 949-574-3860.
A telephonic replay of the conference call will be available after 8:00 PM Eastern time on the same day through June 1, 2020.
Toll-free replay number: 844-512-2921
International replay number: 412-317-6671
Replay ID: 13703745
April 28, 2020
VERB Begins Japan Operations as Part of International Expansion Plan Tapping into a Multi-Billion-Dollar Market Opportunity
VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), a leader in business-focused interactive video Webinar, CRM, marketing, and sales enablement applications, announced the commencement of its Japan operations, signaling the launch of its global expansion strategy. The Company is now offering in-country, native language sales and support personnel in Japan. The Company intends to drive international revenue growth through its “sales by locals to locals” strategy.
The Company is currently offering its verb CRM, interactive video-based CRM application to the local Japanese enterprise market. In the coming weeks, VERB also expects to offer a small business version of its verb CRM applications as well as its much-anticipated verb LIVE application. verb LIVE is the Company’s expected forthcoming live broadcast interactive webinar app that features in-video clickable action links that eliminate friction from the webinar sales process by allowing viewers to make purchases quickly and seamlessly by clicking on the products featured right in the video broadcast.
The Company’s entrance to the Japanese business market, one of the largest global economies, was almost a year in planning and required the expertise of local professionals, particularly those skilled and experienced in the development and implementation of business ventures in Japan by American companies. Collectively, these professionals have more than three decades of experience in launching American products and services and conducting business operations in Japan. The Company’s Japan operations are expected to target several verticals for its sales enablement applications, including, but not limited to, insurance, financial services, and other large enterprise sales verticals.
The Company’s international bet is already paying off with new Japan-based clients signing-on as well as existing U.S.-based clients signing-on for their own expansion plans in Japan, leveraging the power of VERB’s sales enablement platform and local in-country capabilities.
Master Class Series
I wanted for everyone to see this video at least once because I think this is going to be an important series for those of you in a position to utilize this kind of information. I'm going to add another link to the DD home page and begin adding these videos as McKinley makes them.