OpenWorld Provides Preliminary Third Quarter 2026 Estimated Financial Results and Announces Appointment of Gerard Hernandez as Chief Financial Officer
Key Highlights
- ➤Revenue estimated at $6.9 million–$7.2 million for third quarter 2026
- ➤Adjusted EBITDA estimated at $1.7 million–$2.0 million
- ➤GAAP net loss approximately $10.0 million, including $11.9 million nonrecurring costs
- ➤Gerard Hernandez appointed CFO effective October 23, 2026
- ➤OpenWorld expects to report final third-quarter results November 12, 2026
Expert Statements
Matthew Shaw, Chairman and CEO of OpenWorld
“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”
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.”
Matthew Shaw, Chairman and CEO of OpenWorld
“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.”
Matthew Shaw, Chairman and CEO of OpenWorld
“Gerard brings the financial discipline, public-company perspective and industry expertise we need at this stage of OpenWorld’s growth,”
Matthew Shaw, Chairman and CEO of OpenWorld
“We are confident he will play a key role as we continue to execute on our strategy and create value for our shareholders.”
Gerard Hernandez, Chief Financial Officer of OpenWorld
“I am excited to step into the CFO role at such an important time for OpenWorld,”
Gerard Hernandez, Chief Financial Officer of OpenWorld
“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 thesis.”
LAKE MARY, Fla., Oct. 26, 2026 (GLOBE NEWSWIRE) -- 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.
Based on currently available information, the Company expects to report the following financial results for the third quarter ended September 30, 2026:
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