Verde Resources Q3 Revenue Soars 65,898% on Ergon Licensing Deal
VRDR has more than doubled off its 52-week low of $0.03.
Summary
Verde Resources reported a dramatic turnaround in its Q3 2026 results, with revenue surging by approximately 65,898% year-over-year to $460,005, driven by initial commercial sales of its Verde V24 product. The company also significantly improved its net loss by 55.2% to $(513,060). This positive performance contrasts sharply with the previous 10-Q, which reported a sharp revenue decline and increased cash burn. Crucially, Verde Resources announced a 10-year exclusive North America licensing agreement with Ergon, shifting to an asset-light model for scaling production and distribution. This strategic partnership and the strong revenue growth represent a material change in the company's trajectory, indicating successful commercialization and a viable path forward after previous financial struggles. Traders will be watching for continued execution on the Ergon partnership and further revenue acceleration.
At the time of this announcement, VRDR was trading at $0.07 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $84.4M. The 52-week trading range was $0.03 to $0.19. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.