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VerifyMe Q1 loss widens YOY

VerifyMe Inc. said its normalized net income for the first quarter amounted to a loss of 15 cents per share, compared with a loss of 5 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $947,710, compared with a loss of $164,770 in the prior-year period.

Reported net income came to a loss of $1.5 million, or a loss of 25 cents per share, compared to a loss of $253,300, or a loss of 7 cents per share, in the prior-year period.