OpenWorld revenue falls 58% in first quarter to $3.66 million
Key Facts
OpenWorld reported revenue of $3.66 million in the first quarter ended March 31, 2026, down 58% from $8.73 million in the same period of 2025, according to a company report filed with the U.S. Securities and Exchange Commission. The decline totaled $5.07 million, the report said. The company attributed the drop to slower token-launch activity. The figures put first-quarter performance in the context of a direct year-over-year comparison, with revenue falling by more than half. Available facts do not independently verify the third-quarter revenue range or the appointment of a new chief financial officer, so those details in the initial draft cannot be confirmed.
The company’s audited financial statements show annual revenue of $35,748,499 in 2025, compared with $39,626,473 in 2024, according to the filing with the commission. Revenue for the year was therefore below the prior-year level, extending the decline seen in the first-quarter comparison. The first-quarter figure is a comparison between matching three-month periods, while the annual figures cover two full fiscal years. The available facts do not detail the annual reasons for the difference between 2025 and 2024, while the company linked the first-quarter decline to slower token-launch activity. The annual data therefore do not attribute any additional cause to the decline.
In a corporate development, OpenWorld’s investor relations page said the company and VerifyMe completed their business combination on September 30, 2026. A report filed with the commission had described the transaction as the merger of a newly formed subsidiary created for the deal into OpenWorld, with OpenWorld continuing as the surviving company and becoming a wholly owned subsidiary of VerifyMe upon completion. The filing outlines the expected structure of the merger, while the investor relations page confirms that the business combination was completed on the stated date. The available facts provide no financial details on the deal’s impact or its results after completion. The available sources also do not directly link the combination to the third-quarter revenue outlook cited in the draft.
OPNW shares closed at $1.65 on October 23, 2026, according to EL7 data. Daily closes had fallen from $2.17 on October 19 to $1.98 on October 20, then $1.92 on October 21 and $1.81 on October 22, before ending the latest session at $1.65. This sequence shows closing-price changes over the five specified days and does not establish the high or low during any session. The available facts do not explain the share move or measure the market’s reaction to the company’s announcement. The next results date and details of any subsequent financial guidance are not included in the available information.