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Side-by-side financial comparison of Phoenix Asia Holdings Ltd (PHOE) and VerifyMe, Inc. (VRME). Click either name above to swap in a different company.

VerifyMe, Inc. is the larger business by last-quarter revenue ($5.0M vs $3.8M, roughly 1.3× Phoenix Asia Holdings Ltd). Phoenix Asia Holdings Ltd runs the higher net margin — 16.7% vs -66.7%, a 83.3% gap on every dollar of revenue.

Phoenix Television is a majority state-owned television network that operates Mandarin and Cantonese-language channels serving mainland China, Hong Kong, Macau, and other regions with significant Chinese-speaking audiences. It is headquartered in Shenzhen and Hong Kong and is also registered in the Cayman Islands.

VerifyMe, Inc. is a technology provider specializing in identity verification, anti-counterfeiting, and brand protection solutions. Its offerings include secure authentication tools, supply chain traceability systems, and customer engagement platforms, serving consumer goods, pharmaceutical, and retail sectors across North America and select global markets.

PHOE vs VRME — Head-to-Head

Bigger by revenue
VRME
VRME
1.3× larger
VRME
$5.0M
$3.8M
PHOE
Higher net margin
PHOE
PHOE
83.3% more per $
PHOE
16.7%
-66.7%
VRME

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
PHOE
PHOE
VRME
VRME
Revenue
$3.8M
$5.0M
Net Profit
$631.4K
$-3.4M
Gross Margin
28.5%
41.2%
Operating Margin
19.8%
-68.2%
Net Margin
16.7%
-66.7%
Revenue YoY
-7.4%
Net Profit YoY
-38.4%
EPS (diluted)
$-0.26

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PHOE
PHOE
VRME
VRME
Q3 25
$3.8M
$5.0M
Q2 25
$4.5M
Q1 25
$4.5M
Q3 24
$5.4M
Q2 24
$5.4M
Q1 24
$5.8M
Q4 23
$8.7M
Q3 23
$5.6M
Net Profit
PHOE
PHOE
VRME
VRME
Q3 25
$631.4K
$-3.4M
Q2 25
$-291.0K
Q1 25
$-571.0K
Q3 24
$-2.4M
Q2 24
$-346.0K
Q1 24
$-553.0K
Q4 23
$2.0K
Q3 23
$-930.0K
Gross Margin
PHOE
PHOE
VRME
VRME
Q3 25
28.5%
41.2%
Q2 25
35.2%
Q1 25
33.4%
Q3 24
34.9%
Q2 24
39.1%
Q1 24
39.2%
Q4 23
33.0%
Q3 23
36.5%
Operating Margin
PHOE
PHOE
VRME
VRME
Q3 25
19.8%
-68.2%
Q2 25
-7.1%
Q1 25
-13.3%
Q3 24
-52.8%
Q2 24
-10.0%
Q1 24
-11.2%
Q4 23
0.8%
Q3 23
-15.3%
Net Margin
PHOE
PHOE
VRME
VRME
Q3 25
16.7%
-66.7%
Q2 25
-6.4%
Q1 25
-12.8%
Q3 24
-44.6%
Q2 24
-6.5%
Q1 24
-9.6%
Q4 23
0.0%
Q3 23
-16.6%
EPS (diluted)
PHOE
PHOE
VRME
VRME
Q3 25
$-0.26
Q2 25
$-0.02
Q1 25
$-0.05
Q3 24
$-0.23
Q2 24
$-0.03
Q1 24
$-0.05
Q4 23
$0.00
Q3 23
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PHOE
PHOE
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$1.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.5M
$11.1M
Total Assets
$8.7M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHOE
PHOE
VRME
VRME
Q3 25
$1.5M
Q2 25
Q1 25
Q3 24
$2.6M
Q2 24
$2.9M
Q1 24
$2.8M
Q4 23
$3.0M
Q3 23
$2.9M
Total Debt
PHOE
PHOE
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
$500.0K
Q2 24
$600.0K
Q1 24
$800.0K
Q4 23
$875.0K
Q3 23
$1.0M
Stockholders' Equity
PHOE
PHOE
VRME
VRME
Q3 25
$7.5M
$11.1M
Q2 25
$14.4M
Q1 25
$14.6M
Q3 24
$10.3M
Q2 24
$12.3M
Q1 24
$12.4M
Q4 23
Q3 23
$11.9M
Total Assets
PHOE
PHOE
VRME
VRME
Q3 25
$8.7M
$13.3M
Q2 25
$17.2M
Q1 25
$17.1M
Q3 24
$14.8M
Q2 24
$17.5M
Q1 24
$17.9M
Q4 23
$20.7M
Q3 23
$18.8M
Debt / Equity
PHOE
PHOE
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
0.05×
Q2 24
0.05×
Q1 24
0.06×
Q4 23
Q3 23
0.08×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PHOE
PHOE
VRME
VRME
Operating Cash FlowLast quarter
$243.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHOE
PHOE
VRME
VRME
Q3 25
$243.0K
Q2 25
$710.0K
Q1 25
$-404.0K
Q3 24
$-10.0K
Q2 24
$372.0K
Q1 24
$-60.0K
Q4 23
$843.0K
Q3 23
$-136.0K
Free Cash Flow
PHOE
PHOE
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
$-12.0K
Q2 24
$369.0K
Q1 24
$-62.0K
Q4 23
$840.0K
Q3 23
FCF Margin
PHOE
PHOE
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
-0.2%
Q2 24
6.9%
Q1 24
-1.1%
Q4 23
9.6%
Q3 23
Capex Intensity
PHOE
PHOE
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%
Q4 23
0.0%
Q3 23
0.0%
Cash Conversion
PHOE
PHOE
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
421.50×
Q3 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PHOE
PHOE

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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