• Quarterly revenue of $1.8 million, compared to $4.5 million in Q1 2025
• Quarterly gross profit of $1.0 million or 54%, compared to $1.5 million or 33% in Q1 2025
• Net loss of ($0.7) million, compared to ($0.6) million in Q1 2025
• Adjusted EBITDA^((1)) of ($0.1) million, compared to $0.0 million in Q1 2025
• Cash of $3.5 million and working capital of $5.1 million as of March 31, 2026

Lake Mary, FL – May 15, 2026 – BusinessWire — VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”) provides time and temperature sensitive logistics, and brand protection and enhancement solutions, announced today the Company’s financial results for its first quarter ended March 31, 2026 (“Q1 2026”).

Adam Stedham, VerifyMe’s CEO and President stated, “During Q1 of 2026, we fully implemented ProActive services and continued to transition ProActive customers from using our legacy shipping partner to using our new strategic shipping partner.  We also transitioned key Premium customers to our Direct Premium model, allowing us to continue servicing these customers as they continue to ship with our legacy partner.  In addition, we are in the final stages of integrating our technology with our new partner to begin offering our Premium services in Q2 of 2026.  We believe our financial performance in Q1 of 2026 demonstrates the scalability of our model as we achieved improved gross profit margins despite lower revenues.  We are now focused on completing our integrations and growing our revenues by both transitioning legacy customers and adding new customers.”

Key Financial Highlights for Q1 2026:

• Quarterly consolidated revenue of $1.8 million in Q1 2026, compared to $4.5 million for the three months ended March 31, 2025 (“Q1 2025”).
• Gross profit of $1.0 million or 54% in Q1 2026, compared to $1.5 million or 33% in Q1 2025.
• Net loss of ($0.7) million or ($0.05) per diluted share in Q1 2026, compared to ($0.6) million or ($0.05) and Q1 2025.
• Adjusted EBITDA^((1)) of ($0.1) million in Q1 2026, compared to $0.0 in Q1 2025.
• Cash of $3.5 million as of March 31, 2026. On May 11, 2026 cash of $2.1 million received from final payment on loan made in August 2025 to ZenCredit.

__________

(1) Adjusted EBITDA is a non-GAAP financial measure. See “Use of Non-GAAP Financial Measures” below for information about this non-GAAP measure. A reconciliation to the most directly comparable GAAP measure, net loss, is included as a schedule to this release.

 

Financial Results for the Three Months Ended March 31, 2026:

Revenue in Q1 2026 was $1.8 million, compared to $4.5 million in Q1 2025. Revenue for the quarter decreased by $2.7 million, or 60%. The decrease in revenue is primarily due to the loss of ProActive services revenue, as a result of the September 2025 termination of our agreement with our prior carrier partner.

Gross profit in Q1 2026 was $1.0 million, compared to $1.5 million in Q1 2025, a decline of ($0.5) million, or 36%. The resulting gross margin percentage was 54% for the three months ended March 31, 2026, compared to 33% for the three months ended March 31, 2025.  The increase in gross profit percentage results from the mix of ProActive and Premium services provided during the quarter and process improvements implemented to increase ProActive services margins.

Operating loss was ($0.8) million in Q1 2026, compared to ($0.6) million in Q1 2025. The increased loss primarily relates to an increase in legal expenses associated with the Company’s proposed merger recorded in general and administrative expenses and the decrease in gross profit.

Net loss was ($0.7) million in Q1 2026, compared to ($0.6) million in Q1 2025. The resulting loss per diluted share was ($0.05) in Q1 2026 and in Q1 2025.

Adjusted EBITDA**^((1))** in Q1 2026 was ($0.1) million, compared to $0.0 in Q1 2025. Adjusted EBITDA^((1)) is a non-GAAP financial measure. Please see “Use of Non-GAAP Financial Measures” for a discussion of this non-GAAP measure. A reconciliation to the most directly comparable GAAP measure, net loss is included as a schedule to this release.

At March 31, 2026, we had a $3.5 million cash balance and $5.1 million in working capital.

At March 31, 2026, we had 13,581,242 shares issued and 13,119,065 shares outstanding.

https://vrmeinvestor.com/press-releases/verifyme-reports-first-quarter-2026-financial-results/

Onfolio Holdings Inc. (NASDAQ:ONFO) shares declined more than 6% in premarket trading on Monday after the company reported a sharp year-over-year fall in first-quarter revenue, even as management emphasized progress in reducing costs and improving operational efficiency.

Revenue declines as company prioritizes margins

For the quarter ended March 31, 2026, Onfolio reported revenue of $1.87 million, down 34% from $2.81 million in the same period last year.

The company said the decline reflected a deliberate strategy focused on improving margins rather than maximizing short-term sales growth.

Adjusted earnings per share came in at a loss of -$0.45 for the quarter.

Gross profit fell 46% year-over-year to $0.92 million, representing 49% of revenue, compared with gross profit of $1.71 million, or 61% of revenue, in the first quarter of 2025.

Cost reductions tied to AI-focused operating model

Operating expenses declined 30% to $1.75 million from $2.49 million a year earlier, driven primarily by lower selling, general and administrative expenses as the company transitioned toward an AI-driven operating structure.

Despite the cost reductions, net loss widened to $1.92 million from $0.81 million in the prior-year quarter.

The latest quarter included approximately $0.67 million in non-cash losses related to derivative liabilities, along with an additional $0.37 million in other non-cash expenses.

Adjusted EBITDA was negative $0.50 million, compared with negative $0.19 million in the first quarter of 2025.

Cash and cash equivalents totaled $0.84 million at quarter-end, down from $2.18 million as of December 31, 2025.

https://finance.yahoo.com/markets/stocks/articles/onfolio-shares-slide-quarterly-revenue-123309510.html

Real Estate Optimization / Operating Efficiency / Capital Allocation

FORT LAUDERDALE, Fla., May 12, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) ("Vision Marine" or the "Company"), a company specializing in high-voltage marine propulsion and recreational boating solutions through a vertically integrated multi-brand retail platform, today announced that a definitive agreement has been entered into by NVFL Holdings, LLC, an affiliate of the sellers in the Company's acquisition of Nautical Ventures Group Inc. ("Nautical Ventures"), for the sale of the property located at 1400 South Federal Highway in Fort Lauderdale, Florida, for total consideration of up to US$10.0 million. The transaction is expected to generate approximately US$5.0 million in non-dilutive liquidity to Vision Marine pursuant to its existing contractual rights and operating arrangements associated with the Nautical Ventures acquisition, while also reducing annualized operating costs by approximately US$1.2 million.

Subject to customary closing conditions, the transaction is expected to close prior to August 31, 2026. If the sale closes prior to August 31, 2026, the buyer will be entitled to a US$350,000 discount on the final purchase price. Following repayment of indebtedness, transaction expenses and other closing adjustments, it is expected that the transaction will provide approximately US$5.0 million of cash liquidity to Vision Marine. Management believes the transaction represents a significant step toward enhancing liquidity and improving financial flexibility without the transaction itself requiring the issuance of additional equity.

Reducing Fixed Costs While Preserving Market Coverage

The transaction is also expected to reduce annualized fixed operating costs by approximately US$1.2 million while improving the overall efficiency of Nautical Ventures' operating footprint. Nautical Ventures is expected to continue representing the same leading brands and serving the same Florida territory, with management expecting minimal disruption to customers and operations.

The transaction reflects Vision Marine's continued execution of its post-acquisition optimization strategy for Nautical Ventures, focused on streamlining operations, improving capital efficiency, and aligning its physical footprint with higher-performing locations and scalable waterfront operations.

Establishing a Scalable Waterfront Operating Hub

As previously announced, Vision Marine has secured a flagship on-the-water marina in Fort Lauderdale, Anglers Avenue Marine Center, through a long-term lease agreement, designed to serve as a centralized showroom and operational hub for Nautical Ventures. The marina spans approximately 10 acres and includes 115 slips, enabling the consolidation of multiple operating functions into a single high-capacity waterfront location.

https://finance.yahoo.com/markets/stocks/articles/vision-marine-technologies-announces-transaction-120000895.html

• KETAFREE moved closer to a potential summer 2026 approval after the FDA issued mostly minor review comments, and NRx said it has already begun commercial manufacturing at scale. Management believes the product could serve both hospital and ketamine clinic markets, where supply shortages persist.
• NRx said it plans to file an NDA for NRX-100 in Q2, supported by trial data from more than 1,000 patients and real-world evidence from over 65,000 patients. The FDA also indicated it may consider approval based on existing data and broader depression indications, with priority review pathways available.
• The company reported a smaller Q1 net loss of about $1.4 million versus $5.5 million a year earlier, and said it ended the quarter with $6.7 million in cash. NRx also said it raised about $7 million after quarter-end and expects current resources to support operations through at least 2026.
• Interested in NRx Pharmaceuticals? Here are five stocks we like better.

NRx Pharmaceuticals NASDAQ: NRXP said it advanced several regulatory, manufacturing and clinical initiatives during the first quarter of 2026, including progress toward potential approval of its preservative-free ketamine product, KETAFREE, and preparations for an NDA filing for NRX-100.

Founder, Chairman and Chief Executive Officer Dr. Jonathan Javitt said the quarter was “productive” and contrasted the company’s current position with a year earlier, when he said NRx had not yet filed for its first drug approval and had $8.7 million in debt. Javitt said the company is now debt free, has sufficient cash for immediate operating needs and raised $7 million after the end of the quarter. https://www.marketbeat.com/instant-alerts/nrx-pharmaceuticals-q1-earnings-call-highlights-2026-05-18/

LOS ANGELES, May 12, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XWIN, the “Company” or “XMax”) today announced that its ticker symbol will change from “XWIN” to “XMAX,” effective at market open on May 18, 2026. The Company’s common stock will continue to trade on NASDAQ under the new ticker symbol “XMAX.”

The ticker symbol change is intended to further align the Company’s public market identity with the XMax brand and create greater consistency between the Company’s corporate name, market-facing identity, and evolving strategic direction. The XMAX ticker symbol provides a clearer representation of the Company as it continues to advance the next phase of its corporate development, including its ongoing expansion into artificial intelligence technologies.

The ticker symbol change will not affect the rights of the Company’s existing shareholders. No action is required by shareholders in connection with the ticker symbol change. The Company’s common stock will continue to be listed on the Nasdaq Capital Market, and shares of common stock of the Company traded under the current ticker symbol will automatically reflect the new ticker symbol once the change becomes effective.

“This ticker symbol change represents an important step in aligning our public market presence with the XMax brand and the next chapter of our corporate development,” said Xiaohua Lu, CEO of XMax Inc. “As we continue to expand our AI ecosystem, including model infrastructure, API orchestration, and enterprise deployment capabilities, we believe the XMAX ticker symbol better reflects our evolving business strategy and long-term growth objectives.”

https://finance.yahoo.com/news/xmax-inc-announces-ticker-symbol-203000717.html

IQSTEL (NASDAQ: IQST) launched a new subsidiary, IQSTEL Digital Services, to expand from telecom into high-tech, high-margin digital services, including AI, cybersecurity, fintech, and digital health. The unit leverages relationships with over 600 telecom operators reaching about 2.3 billion subscribers globally.

IQSTEL appointed Jorge Enrique Becerra as CEO of the new subsidiary and minority co-owner. According to IQSTEL, his experience includes managing digital portfolios reaching more than 100 million users and building seven-figure annual digital services businesses with gross margins above 40%, supporting a goal of seven-digit annual revenue for IQSTEL Digital Services.

Leveraging access to over 600 telecom operators worldwide whose networks reach approximately 2.3 billion subscribers in aggregate, IQSTEL expands beyond telecom into high-tech, high-margin digital services including AI, cybersecurity, fintech, and digital health

NEW YORK, May 14, 2026 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a global telecommunications and technology company, today announced the formation of IQSTEL Digital Services, a dedicated subsidiary created to accelerate the Company's transformation from a global telecom service provider into a diversified global digital services powerhouse. To lead the new subsidiary, IQSTEL has appointed Jorge Enrique Becerra as CEO.

https://www.stocktitan.net/news/IQST/iqst-iqstel-launches-iqstel-digital-services-subsidiary-and-appoints-5k9wvebkbga5.html

First quarter 2026 revenue increased 9.6% year over year to $29.8 million
Increased 2026 revenue guidance to $165–$170 million

Wilmington, NC, May 14, 2026 (GLOBE NEWSWIRE) -- Off The Hook YS Inc. (NYSE American: “OTH”, or “Off the Hook Yachts”), a vertically integrated marine marketplace and the largest buyer and seller of used boats in the nation, today announced financial results for the quarter ended March 31, 2026. The Company will host a live conference call today at 4:30 P.M. Eastern Time.

“We achieved record revenue of $29.8 million, expanded our national broker network, and continued to build out the infrastructure that we believe positions the Company for continued double-digit growth. Our vertically integrated model—combining brokerage, wholesale inventory acquisition, financing through Azure Funding, and our growing premier brokerage division—continues to differentiate Off the Hook Yachts in the marine industry,” said Brian John, Chief Executive Officer of Off The Hook Yachts.

“Despite what is normally a seasonably slow first quarter, we achieved record results, growing monthly revenue that has continued into the second quarter. We believe Off the Hook is well-positioned to continue accelerating growth in 2026. Early second quarter trends have been encouraging and based on current expectations we are raising our guidance for the full year. We will also continue our focus on building one of the leading platforms in the recreational marine market” added Mr. John.

https://finance.yahoo.com/markets/stocks/articles/o-hook-ys-inc-reports-200500400.html