Verb Technology Highlights Strong Start to 2021 and Growth Potential of its Livestream eCommerce App Platform in April 2021 Shareholder Letter - Seite 2

Total User Downloads – up more than 250% over the same period last year.  Now more than 1.93M.

We completed the accretive acquisition of SoloFire, a leading SaaS sales enablement platform for healthcare and life sciences sales.  This acquisition provides us with immediate entry into the lucrative medical and life sciences sales market, which we believe is one of the largest and fastest growing markets for the sales enablement software industry. 2020 proforma revenue for that platform was $1M, though we were only able to recognize $130,000 in 2020 due to GAAP revenue recognition rules. However, we will be able recognize most of that revenue this year together with the anticipated and ongoing additional sales growth we expect to generate from that new vertical.

verbLIVE now fully integrated with the Salesforce platform and available on Salesforce AppExchange.

VERB was the winner of the Salesforce AppExchange Demo Jam Contest for best Salesforce productivity app.

In July 2020, we closed an underwritten public offering of common stock without warrants for gross proceeds of $13.8M to beef up our balance sheet.

VERB was selected for inclusion in the Russell Microcap Index.

Our 2021 Performance Outlook – Q1 off to an impressive start

• Our Microsoft Outlook integration of VERB interactive video sales technology is now in public beta testing, with imminent commercial release.  Our Microsoft Outlook VERB App add-in availability is anticipated through Microsoft’s Commercial Marketplace and Co-Sell program with Microsoft’s field sales reps. Assuming we can gain access to Microsoft’s Co-Sell program, which based on our communications with Microsoft appears likely, this may be one of the most important revenue and value creators our Company may experience this year and beyond, among a strong field of very promising catalysts.
  
  
• Q1 2021 unaudited projected results indicate more than 30% SaaS recurring revenue growth over Q1 2020 and up more than 10% over Q4 2020.
  
  
• We launched verbTEAMS for small businesses and solo entrepreneurs, a new self-onboarding content management and customer relationship management platform with integrated verbLIVE livestream ecommerce capability and one-click synchronization to Salesforce.