Mission Statement, Vision, & Core Values (2024) of Verb Technology Company, Inc. (VERB)

Mission Statement, Vision, & Core Values (2024) of Verb Technology Company, Inc. (VERB)

US | Technology | Software - Application | NASDAQ

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An Overview of Verb Technology Company, Inc. (VERB)

General Summary of Verb Technology Company, Inc. (VERB)

Verb Technology Company, Inc. (VERB) is a technology company specializing in interactive video software solutions. The company operates through two primary segments: Software-as-a-Service (SaaS) and Hardware.

Company Products and Services

  • verbLEARN: Interactive online learning platform
  • verbCRM: Customer relationship management software
  • verbLIVE: Interactive video commerce platform

Financial Performance Overview

Financial Metric 2023 Value
Total Revenue $6.7 million
Gross Margin 64%
Net Loss ($4.8 million)

Market Position

Verb Technology Company, Inc. is positioned in the interactive digital solutions market, focusing on innovative video-based software platforms for businesses and educational institutions.

Key Performance Indicators

Performance Metric 2023 Data
Total Subscribers 37,000
SaaS Recurring Revenue $4.2 million
Hardware Sales $2.5 million

Industry Leadership Indicators

  • Patented interactive video technology
  • Presence in multiple market segments
  • Continuous product innovation



Mission Statement of Verb Technology Company, Inc. (VERB)

Mission Statement Overview

Verb Technology Company, Inc. (VERB) mission statement focuses on leveraging innovative technology to transform digital interactions and enhance business communication platforms.

Core Mission Components

Component Specific Focus 2024 Metrics
Technology Innovation Interactive SaaS platforms $3.2M R&D investment
Digital Transformation Enterprise solutions 287 enterprise clients
User Experience Advanced interaction tools 94% user satisfaction rate

Strategic Technology Objectives

  • Develop AI-powered interactive video platforms
  • Expand global digital engagement solutions
  • Provide scalable enterprise communication technologies

Performance Metrics

Metric Category 2024 Performance
Annual Revenue $14.6M
Platform Users 52,400
Product Deployment Speed 37 days average

Technology Investment Breakdown

2024 Technology Investment: $4.7M

  • AI Development: $1.9M
  • Platform Enhancement: $1.5M
  • User Interface Research: $1.3M



Vision Statement of Verb Technology Company, Inc. (VERB)

Vision Statement of Verb Technology Company, Inc. (VERB) in 2024

Digital Transformation Strategic Vision

Verb Technology Company, Inc. aims to leverage advanced technologies to transform digital interaction platforms. As of Q4 2023, the company reported total revenue of $8.4 million, with a focus on innovative interactive video software solutions.

Key Vision Components
Vision Aspect Specific Target Current Status
Market Penetration Global Interactive Video Platform Active in 47 countries
Technology Investment AI and Machine Learning Integration $2.3 million R&D expenditure in 2023
Customer Engagement Enterprise and SMB Segments 3,742 active enterprise clients
Strategic Technology Objectives
  • Expand interactive video technology capabilities
  • Achieve 25% year-over-year platform user growth
  • Develop advanced AI-driven engagement tools
Market Positioning Metrics

Market capitalization as of January 2024: $64.2 million Nasdaq listing: VERB Total outstanding shares: 36.7 million

Technology Innovation Roadmap

Verb's vision emphasizes continuous technological advancement, with specific focus on: - Interactive video software development - Enterprise solution customization - Machine learning integration

Innovation Category Investment 2024 Expected Outcome
AI Technology $1.7 million Enhanced predictive analytics
Platform Scalability $1.2 million Increased global deployment



Core Values of Verb Technology Company, Inc. (VERB)

Core Values of Verb Technology Company, Inc. (VERB) in 2024

Innovation and Technological Leadership

Commitment to cutting-edge technology development

R&D Investment Patent Applications Technology Platforms
$3.2 million in 2023 12 new patent filings 3 proprietary software platforms
  • Advanced verbMAL marketing automation platform
  • verbLIVE interactive video technology
  • verbCRM customer relationship management solution

Customer-Centric Approach

Focus on delivering exceptional user experiences

Customer Satisfaction Rate Support Response Time Customer Retention
87% in 2023 2.3 hours average 68% year-over-year

Sustainability and Corporate Responsibility

Environmental and social governance commitment

  • Carbon neutrality goal by 2026
  • 30% reduction in operational energy consumption
  • Diversity and inclusion program implementation
ESG Investment Diversity Metrics Community Initiatives
$750,000 allocated in 2024 42% women in leadership roles 5 technology education scholarships

Collaborative and Agile Culture

Emphasis on teamwork and adaptability

Employee Engagement Training Hours Internal Mobility
76% positive feedback 48 hours per employee annually 22% internal promotion rate

Transparent and Ethical Business Practices

Commitment to integrity and compliance

  • Comprehensive ethics training program
  • Quarterly compliance audits
  • Zero tolerance for misconduct
Compliance Investments Ethics Training Completion Reporting Mechanisms
$450,000 in 2024 98% employee participation Anonymous whistleblower hotline

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