Earnings Releases·Oct 26, 2026, 4:30 PM ET

OpenWorld — Third Quarter 2026 Earnings Summary

Q3 2026 revenue is projected between $6.9 million and $7.2 million with a gross margin of 80% to 82%; GAAP net loss is approximately $10.0 million, driven by $11.9 million in non-recurring stock-based compensation and merger-related fees, while Adjusted EBITDA is estimated at $1.7 million to $2.0 million.
No year-over-year comparisons are available as results reflect the post-reverse takeover (RTO) entity following the September 30, 2026, consolidation with VerifyMe, Inc.
Management anticipates significant growth in real-world asset (RWA) adoption, noting revenue from this segment ramped from zero to current levels within three quarters, supported by a scalable, high-margin business model.
Gerard Hernandez was appointed Chief Financial Officer effective October 23, 2026, to oversee finance and investor relations, while final audited results and a conference call are scheduled for November 12, 2026.