OpenWorld, Inc.

verifyme.com

What Do They Do?

Provides predictive logistics services for time- and temperature-sensitive healthcare and food shipments, plus anti-counterfeit services for brand owners.

How Do They Make Money?

For ProActive, clients pay VerifyMe for carrier service and logistics help; Premium shippers use their own carrier for transport and pay the carrier or VerifyMe for monitoring and exception support. Logistics fees are earned when packages are delivered, while brand-protection products are billed when shipped or delivered, depending on the agreement.

revenue

Segment	Share	How money arrives
Proactive Services Sold outright	80% FY2022: 78%	Sold outright
Premium Services Sold outright	19% FY2022: 15%	Sold outright
Brand Protection Services Sold outright	1.0% FY2022: 7.1%	Sold outright

Who Are Their Customers?

Perishable healthcare and food shippers buy logistics support; ProActive clients pay VerifyMe directly, while Premium services may be billed by the carrier or VerifyMe. Brand owners use its anti-counterfeit and brand-protection services.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2024: 16% from one customer

Do Revenues Turn Into Profits?

Not on paper. It lost $4.9M in FY2025, but brought in more cash than it spent: $585K of free cash flow.

Operating income, FY2025

−31% of revenue

▲ +15% (Loss) vs FY2024 (−$4.4M, −18%)

Net income, FY2025

−30% of revenue

▲ +28% (Loss) vs FY2024 (−$3.8M, −16%)

Free cash flow, FY2025

4% of revenue

▼ −32% vs FY2024 ($864K, 4%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −58%; vs $4.5M in Q2 FY2025
Net income: ▲ +74% (Loss); vs −$291K in Q2 FY2025

Proactive services share of revenue vs 84.7% in Q2 FY2025

Aug 14, 2026 Launched Premium services with the new shipping partner The company said it began offering Premium services with its new shipping partner in June.
Aug 12, 2026 Extended the proposed merger's outside date The merger outside date moved from August 31, 2026 to October 31, 2026.
Jun 9, 2026 Revised the share calculation in the proposed merger The merger agreement's fully diluted share definition was revised to include shares issuable under existing Open World agreements.
Apr 17, 2026 Received Nasdaq minimum-bid-price notice Nasdaq gave the company until October 14, 2026 to regain compliance with its $1 minimum bid-price requirement.

Growing. Revenue grew 18.9x in 4 years, from $867K in FY2021 to $16.4M in FY2025, about 109% a year.

Authentication activity The older report described unit-level traceability and consumer engagement alongside anti-counterfeit offerings. The current report says the Authentication segment is not actively pursuing business and continues to serve existing customers.

Revenue over time

Proactive Services Premium Services Brand Protection Services

$50M$25M$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with FedEx, UPS, and DHL

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