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OPNW

OpenWorld Inc. Common Stock

as of 11-13-2026 3:35pm EST

$0.50
$0.04
-7.17%
Stocks Technology EDP Services Nasdaq
Founded: 2023 Country:
Cayman Islands
Cayman Islands
Employees: N/A City: N/A
Market Cap: 74.3M IPO Year: 2013
Target Price: N/A AVG Volume (30 days): 215.6K
Analyst Decision: N/A Number of Analysts: N/A
Dividend Yield:
N/A
Dividend Payout Frequency: annual
EPS: -1.58 EPS Growth: -5.41
52 Week Low/High: $0.40 - $6.69 Next Earning Date: 11-12-2026
Revenue: $16,398,000 Revenue Growth: -32.26%
Revenue Growth (this year): N/A Revenue Growth (next year): 15.79%
P/E Ratio: -6.04 Index: N/A
Free Cash Flow: 585.0K FCF Growth: N/A

Earnings Transcripts

SEC 8-K filings with transcript text

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2026
Q3

Q3 2026 Earnings

8-K

Nov 12, 2026

0001214659-26-014019

EX-99.1

2 ex99_1.htm

EXHIBIT 99.1

Exhibit 99.1

OpenWorld, Inc. Reports 2026 Third Quarter Results; First Quarterly Results as a Nasdaq-Listed Company

Q3 Marked Pivotal Shift to High-Margin RWA Platform

and Major Deal Origination Business

·Real-world assets (“RWA”) revenue increased to approximately $6 million in Q3 2026 from zero in Q3 2025

·Achieved Gross margins of approximately 80%

·Secured $1.1 billion in non-binding letter of intent (“LOI”) signings subsequent to Q3 Quarter-end with definitive agreements and DeFi capital formation now underway

LAKE MARY, Fla., November 12, 2026 — OpenWorld, Inc. (NASDAQ: OPNW) (“OpenWorld” or the “Company”), a technology-powered digital assets and blockchain innovation company focused on real-world asset (“RWA”) tokenization, today reported financial results for the third quarter ended September 30, 2026. The third quarter financial results presented in this press release primarily reflect the operating results of legacy OpenWorld, the accounting acquirer in the reverse takeover transaction with VerifyMe, Inc. (“VerifyMe”) completed on September 30, 2026. The Company's third quarter operating results do not include VerifyMe’s pre-transaction operating results, while the September 30, 2026 consolidated balance sheet reflects the combined entity.

2026 Third Quarter and Nine-Month Highlights

•Revenue was $7.4 million for the quarter ended September 30, 2026, compared with $20.8 million in the prior-year period.

○RWA infrastructure and platform services revenue was $6.4 million in the third quarter and $9.1 million for the nine months ended September 30, 2026, versus zero in both corresponding prior-year periods. Digital assets and capital markets infrastructure, and advisory and onboarding contributed to the balance.

•Gross profit was $6.3 million in the quarter ended September 30, 2026 representing a gross margin of 84%, and was $13.7 million for the nine months ended September 30, 2026, representing a gross margin of 90%. This compares with 77% and 84% gross margins, respectively, in the prior-year periods. The improvement reflects a favorable revenue mix driven by the shift to high-margin RWA business.

•GAAP net loss was $10.2 million, or $0.93 per basic and diluted share, for the quarter ended September 30, 2026, and $16.1 million, or $1.58 per basic and diluted share, for the nine months ended September 30, 2026. Net income and earnings per share were significantly impacted by non-recurring items related to the merger, public listing, and equity compensation (detailed below).

•Adjusted EBITDA (a non-GAAP measure) was $2.3 million in the third quarter of 2026 and $(3.0) million for the first nine months of 2026. This compares to Adjusted EBITDA of $18.0 million and $8.5 million in the corresponding prior-year periods.

•Cash was $4.5 million at September 30, 2026, with positive working capital of approximately $2.6 million.

○Subsequent to quarter-end, the Company completed a $3.5 million registered direct offering.

“Q3 2026 was a defining quarter as we completed our transition to the public markets and accelerated our evolution into a high-margin RWA platform and major deal-origination company,” said Matthew Shaw, Chairman and Chief Executive Officer of OpenWorld.

“Revenue from our RWA business grew from zero a year ago to more than $6 million in the 2026 third quarter and $9 million for the first nine months of the year, while we maintained exceptional gross margins of more than 80%. At the same time, we continue to advance a pipeline of large-scale tokenized financing programs that position OpenWorld at the center of institutional RWA activity in AI infrastructure, energy, and intellectual property.

“We see growing interest in RWA tokenization from some of the largest companies in the world and we expect to make consistent progress on advancing our discussions into definitive agreements. We are off to a strong start with our third quarter revenue growth, strong gross margins, and positive Adjusted EBITDA representing just the starting point for what we believe our business model can deliver.”

Business Evolution, Strategic Pipeline and Recent Developments

·During the quarter ended September 30, 2026, the Company completed the reverse takeover with the predecessor company and began trading on Nasdaq under the ticker “OPNW” on October 1, 2026. The Company is organized around three complementary verticals, Digital Assets & Capital Markets, Advisory & Onboarding (OpenWorld Labs), and OpenWorld Enterprise, with the latter focused on designing, structuring, deploying, and administering enterprise-grade blockchain initiatives across RWAs, sovereign infrastructure, and financial services.

·In October 2026, the Company entered into non-binding LOIs for more than $1.1 billion in proposed tokenized financing programs. These non-binding LOIs illustrate OpenWorld’s model of converting real-world assets - whether physical infrastructure or specialized intellec

2026
Q3

Q3 2026 Earnings

8-K

Oct 26, 2026

0001214659-26-013228

EX-99.1

3 ex99_1.htm

EXHIBIT 99.1

Exhibit 99.1

OpenWorld Provides Preliminary Third Quarter 2026 Estimated Financial Results and Announces Appointment of Gerard Hernandez as Chief Financial Officer

Expected Q3 2026 Revenue of $6.9 Million to $7.2 Million; Gross Margin of 80% to 82%, Net Loss of Approximately $10.0 Million, Inclusive of Non-recurring Stock-Based Compensation and Merger-Related Transaction Fees, and Adjusted EBITDA of $1.7 Million to $2.0 Million

LAKE MARY, Fla., October 26,2026 — OpenWorld, Inc. (NASDAQ: OPNW) (“OpenWorld” or the “Company”) today provided preliminary, unaudited estimated financial results for the third quarter ended September 30, 2026. The third-quarter operating results will reflect OpenWorld's historical operations, rather than those of VerifyMe, Inc. (the “predecessor company”), following the completion of the reverse takeover transaction on September 30, 2026 (the “RTO”). The September 30, 2026, consolidated balance sheet will reflect the combined entities.

Preliminary Third Quarter 2026 Highlights

Based on currently available information, the Company expects to report the following financial results for the third quarter ended September 30, 2026:

Metric Estimated Range

Revenue $6.9 million – $7.2 million

Gross Margin 80% – 82%

Net Loss (GAAP) Including Nonrecurring Stock-Based Compensation and Merger-Related Transaction Fees Approximately $(10.0) million

Adjusted EBITDA (non-GAAP)* $1.7 million – $2.0 million

* Adjusted EBITDA is a non-GAAP financial measure that excludes interest, income taxes, depreciation and amortization, certain nonrecurring stock-based compensation expenses and merger-related transaction fees. See "Use of Non-GAAP Financial Measures" and Appendix A for additional information and a reconciliation to GAAP net loss.

•Revenue: Revenue is expected to be between $6.9 million and $7.2 million, reflecting the Company’s results, reported primarily as OpenWorld.

•Gross margin: Gross margin is expected to be between 80% and 82%, underscoring the Company’s belief in the scalability of its business model.

•Net loss: Approximately $10.0 million, inclusive of approximately $11.9 million in non-recurring stock-based compensation expense and merger-related transaction fees.

•Adjusted EBITDA: Adjusted EBITDA* is expected to be between $1.7 million and $2.0 million, reflecting adjustments for certain non-recurring stock-based compensation expenses and merger-related transaction fees.

“Even as we are in the early stages of scaling operations, our estimated third-quarter financial results demonstrate the strength of OpenWorld’s business model as we move forward as a public company,” said Matthew Shaw, Chairman and CEO of OpenWorld. “Our initial revenue performance, high-margin profile and positive Adjusted EBITDA* provide an excellent indication of the early progress we are making, and we believe we are well positioned to build on this momentum. Considering that our revenue from real-world assets (“RWA(s)”) has ramped to this level within just three quarters from zero at the start of the year, we are confident that the Company has the right strategies to benefit from our expectation of consistent significant growth and adoption of RWAs globally.”

Appointment of Gerard Hernandez as Chief Financial Officer

OpenWorld today also announced that Gerard Hernandez has been appointed Chief Financial Officer, effective October 23, 2026. In this role, Mr. Hernandez will oversee the Company’s finance, accounting, reporting, and investor relations functions as the Company’s operations transition to primarily focus on OpenWorld.

Mr. Hernandez co-founded OpenWorld and has brought more than 15 years

of financial leadership experience across technology, blockchain, and healthcare. He played a key role in the Company's transition to the Nasdaq public markets and most recently served as its Chief Accounting Officer. His extensive Web3 experience includes serving as a Special Council Member of the APE Foundation, the legal and administrative steward of ApeCoin DAO, one of the most prominent decentralized autonomous organizations in the Web3 ecosystem, and as Chief Financial Officer of ThriveCoin, a blockchain rewards and treasury allocation platform. Mr. Hernandez has also held CFO and senior finance leadership roles across large, multi-entity healthcare organizations. He holds CPA designations in both the United States and Canada.

“Gerard brings the financial discipline, public-company perspective and industry expertise we need at this stage of OpenWorld’s growth,” said Matthew Shaw. “We are confident he will play a key role as we continue to execute on our strategy and create value for our shareholders.”

“I am excited to step into the CFO role at such an important time for OpenWorld,” said Mr. Hernandez. “I look forward to working with the team to strengthen our financial foundation and to help the capital markets fully understand and value OpenWorld’s investment

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