OpenWorld, Inc. Reports 2026 Third Quarter Results; First Quarterly Results as a Nasdaq-Listed Company
LAKE MARY, Fla., Nov. 12, 2026 (GLOBE NEWSWIRE) --
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
“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
2026 Third Quarter Non-Recurring Cash and Non-Cash Expenses
The reported GAAP net losses for the third quarter and first nine months of 2026 were driven primarily by non-recurring items associated with the reverse takeover, public-company transition, and equity awards granted in connection with the Company’s growth and listing:
Excluding these non-recurring items, the underlying operating performance reflected the contribution of the high-margin RWA business that scaled from zero earlier in the year.
Conference Call
OpenWorld management will host a conference call at 4:30 p.m. ET on Thursday, November 12, 2026. To listen to the audio-only webcast, please use the following link: webcast link. If you would like to participate and ask questions during the call, please register here: registration link. After registering, you will receive an email with dial-in details along with a unique access code required to join the live call.
A replay of the webcast will be available on the Investors section of the Company’s website at Investors | OpenWorld following the call.
Use of Non-GAAP Financial Measures
This press release includes Adjusted EBITDA, a non-GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss) before interest, taxes, depreciation and amortization, further adjusted to exclude certain nonrecurring stock-based compensation expenses and merger-related transaction fees. Management believes Adjusted EBITDA provides useful supplemental information about the Company’s operating performance. Adjusted EBITDA should not be considered in isolation or as a substitute for measures prepared in accordance with U.S. GAAP. A reconciliation of preliminary GAAP net loss to Adjusted EBITDA is included in this press release.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “continue,” “may,” “should,” "will," and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include our engagement in future acquisitions or strategic partnerships that increase our capital requirements or cause us to incur debt or assume contingent liabilities, our ability to enter into definitive agreements or consummate the transactions contemplated by our non-binding term sheets, the highly competitive nature of the industry in which we operate, our brand image and corporate reputation, impairments related to our goodwill and other intangible assets, economic and other factors such as recessions, downturns in the economy, inflation, global uncertainty and instability, the effects of pandemics, changes in United States social, political, and regulatory conditions and/or a disruption of financial markets, our history of losses, our ability to use our net operating losses to offset future taxable income, our ability to manage our growth effectively, our ability to successfully develop and expand our sales and marketing capabilities, risks related to doing business outside of the U.S., our ability to respond to evolving laws related to tokenized securities, retain and develop successors for management, our inability to enter into contracts and arrangements with future partners, and our ability to comply with the continued listing standards of the Nasdaq Capital Market. These risk factors and uncertainties include those more fully described in OpenWorld’s Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of our underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
About OpenWorld
OpenWorld, Inc. (NASDAQ: OPNW) is a digital assets and blockchain technology company. Through its OpenWorld Enterprise platform, the Company provides financial structuring and blockchain infrastructure for the issuance and distribution of tokenized real-world assets to institutional and retail investors. To learn more, visit openworld.dev.
Contacts
Investors: OpenWorldIR@allianceadvisors.com
Media: Aayushi@allianceadvisors.com
Supplemental disclosure of cash flow information.
Cash paid for interest and for income taxes was $nil in both the nine months ended September 30, 2026 and 2025.
Supplemental schedule of non-cash activities.
The Company recognized a $200 thousand subscription receivable related to common stock issued for which consideration had not yet been received. No comparable activity in 2025.