Earnings release
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verb VERB Reports Record Third Quarter 2021 Results - Digital Revenue Up 30 % Over Q2 2021 November 15 , 2021 • New Client SaaS Contracts Executed in Q3 2021 Represent the Highest Base Contract Revenue Ever Produced in a Single Quarter in Company History • Total Digital Revenue Recognized in Q3 Increased 30 % over Prior Quarter , and Now Represents 81 % of Total Revenue , Up from 64 % Last Year SaaS Recurring Revenue Up 25 % Year over Year and Up 15 % over Q2 • Non - SaaS Digital Revenue Increased 144 % over Q2 and 42 % Year over Year . Combined Revenue Up More than 21 % over Q2 • Launched Professional Sports Vertical , Partnering with Pittsburgh Penguins for Verb Interactive Video Sales Enablement Platform to Drive Ticket Sales and Fan Engagement ; Expects More Professional Sports Team Announcements to Follow NEWPORT BEACH , Calif . and SALT LAKE CITY , Nov. 15 , 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 and shoppable video , webinar , CRM and marketing applications for entrepreneurs and enterprises , today reported financial and operating results for the third quarter and nine months ended September 30 , 2021 . Management Commentary " The third quarter results we report today should be seen as compelling evidence of the significant increase in demand we're experiencing for our products and services and strong validation of our strategy to invest in the accelerated , simultaneous development of what I've referred to previously as our hyper - growth initiatives , ” said Rory J. Cutaia , CEO of VERB . " In our earnings call today I intend to finally share the details of Marketplace and verbTV , which together represent the culmination of hard work by countless dedicated professionals on these multi - year , multi - discipline projects , and the pinnacle of our hyper - growth initiatives , which lay the foundation for the enormous value creation we expect our shareholders to enjoy for years to come . " For insights into our Company , our technological breakthroughs , as well as some of the people behind them , check out a recording of our recent verbLIT Symposium ( Leading Interactive Technology ) that showcases , among other things , our true in - video ecommerce technology . Go ahead and click on the shopping bag you see in the video . verbLIT can be viewed here , " added Mr. Cutaia . Financial Results for Third Quarter 2021