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Arthur Laffer, a director at VerifyMe, Inc. (NASDAQ:VRME), recently acquired a total of 28,000 shares of the company’s common stock, according to a recent SEC filing. The purchases, made on March 10, 2025, were executed at prices ranging from $0.7098 to $0.7099 per share, amounting to a total transaction value of $19,875. The micro-cap company, currently valued at $9.07 million, is trading near $0.74 per share, with InvestingPro analysis suggesting the stock is undervalued.
The acquisition includes two separate transactions of 14,000 shares each. Post-transaction, Laffer directly owns 328,910.825 shares, which includes restricted stock and units set to vest in the coming months. Additionally, he indirectly owns 61,925 shares through Jama Land, LLC, where he serves as a Managing Member. InvestingPro data shows the stock has recently entered oversold territory, with a FAIR financial health score and notably high shareholder yield.
Laffer’s transactions reflect his continued involvement with VerifyMe, a company specializing in computer integrated systems design. For comprehensive insider trading analysis and 12 additional key insights about VRME, visit InvestingPro.
In other recent news, VerifyMe Inc. reported its fourth-quarter 2024 financial results, revealing a challenging period as both earnings per share (EPS) and revenue fell short of expectations. The company posted an EPS of -$0.05, missing the forecasted -$0.01, while revenue reached $7.7 million, below the expected $8.76 million. Despite these setbacks, VerifyMe noted an improvement in its full-year gross margin, which rose to 36% from 32% in 2023. The company also divested its TrustCoast global business as part of efforts to streamline operations. Analysts from Barrington Research raised concerns about the loss of a significant customer, impacting earnings projections for Q1 2025. CEO Adam Stedham emphasized the company’s focus on maintaining a strong balance sheet and strategic capital deployment. VerifyMe’s cash balance stood at $2.8 million at the end of 2024, reflecting a decrease of $300,000 from the previous year. The company remains committed to optimizing its sales strategy and exploring options for growth in its Precision Logistics segment.
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