VerifyMe Board Sees Leadership Change as Laffer Resigns

VerifyMe, Inc. (NASDAQ:VRME) is among the hidden penny stocks to buy now. According to a recent press release and SEC filing, Dr. Arthur Laffer has resigned as a director of VerifyMe, Inc. (NASDAQ:VRME) on Wednesday, effective immediately. This resignation isn’t linked to any disagreement with the company concerning its functions, rules, or practices. David Edmonds will now serve as a member of the audit committee, effective Friday.

During the latest earnings call, the leadership expressed confidence in the company’s recent performance, all of which is due to PeriShip’s focus. Although a 14% decline in PeriShip revenue was noted, the segment witnessed new customer sales and expanded revenues from some existing customers. On top of that, VerifyMe, Inc. (NASDAQ:VRME) is working to build relationships with key freight carriers and adopt a new treasury strategy.

Is VerifyMe, Inc. (VRME) the Cheapest Stock Insiders Are Buying In March?

Recently, VerifyMe, Inc. (NASDAQ:VRME) announced its collaboration with two freight carriers managing most of the non-US Postal Service parcel shipments in the US. This move facilitates the company’s transition from a single-carrier strategy. As cited by the CEO, Adam H. Stedham,

The process of integrating our technology and services with our additional freight carrier will take a couple of months, but the addition of a second carrier further reinforces the confidence we have in organic revenue growth in 2026.

VerifyMe, Inc. (NASDAQ:VRME), based in Lake Mary, Florida, and incorporated in 1999, is a company that provides brand protection and precision logistics solutions. With two main segments: Precision Logistics and Authentication, the company is committed to protecting brands and growing businesses.

While we acknowledge the potential of VRME to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VRME and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.