Earnings release
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verb inspire - action Source : Verb Technology Company , Inc. August 16 , 2021 16:45 ET VERB Continues SaaS Recurring Revenue Growth Year - Over - Year and Quarter - Over - Quarter in Q2 2021 Filing • SaaS recurring revenue grew 26 % year over year and 10 % sequentially • 3 New ' Hyper Growth ' Products released in Q2 including : 。 verbMAIL video email solution for Microsoft Outlook - Gmail version coming 。 powerful Attribution feature added to verbLIVE creating an affiliate marketing component , increasing total addressable market exponentially 。 PULSE , an AI / BI - based feature set that tracks prospect interactions then educates salespeople while it automates the selling process ⚫ VERB Marketplace [ codename ] , an online destination for livestream shopping , is in active beta testing with multiple retailers NEWPORT BEACH , Calif . and SALT LAKE CITY , Aug. 16 , 2021 ( GLOBE NEWSWIRE ) -- Verb Technology . Company , Inc. ( Nasdaq : VERB ) ( " VERB " or the " Company " ) , the leader in interactive video - based sales enablement applications , including interactive livestream ecommerce , webinar , CRM and marketing applications for entrepreneurs and enterprises , today reported financial and operating results for the second quarter and six months ending June 30 , 2021 . Management Commentary " It's been a very exciting time for us at VERB . Since we last reported in May , we have made several milestone announcements that highlight our solid progress in delivering best - in - class sales - driving technology and applications , " said Rory J. Cutaia , CEO of VERB . " We released verbMAIL for the Microsoft Outlook platform , a revolutionary video email solution that makes our proprietary interactive video technology available to over one billion Outlook users , turning a favorite contact management tool into a favorite sales tool . We announced a major partnership with Market America Worldwide | SHOP.COM , for the deployment of our verbLIVE livestream ecommerce application to over 100,000 distributors globally , and launched it with our Attribution feature throughout Asia , Europe and North America in July . We also announced a similar partnership this quarter with NewAge , Inc. , a direct - to - consumer ( D2C ) sales company , to add up to 600,000 distributors on our platform in 75 countries . " And we introduced PULSE , our newest sales enablement platform feature . It's like a sales coach in your pocket tracking your interactions with your prospects and telling you what to do next to close that sale . " For the second quarter , our SaaS recurring revenue grew 26 % year over year and 10 % from the previous quarter . Our results do not include contributions from any of the recently announced products and partnerships , but we expect these to produce a positive revenue impact in the coming quarters . " We believe that our technology and suite of sales enablement solutions give us a clear competitive advantage and position us to lead the burgeoning high - growth livestream ecommerce sector , which has already seen tremendous success in Asia and which we believe is set to gain ground in the U.S. and other markets . In addition to launching verbLIVE with Market America and multiple sales applications with NewAge , Inc. , we are continuing to build a robust sales pipeline targeting larger businesses that can accelerate product adoption and boost annual recurring revenues .