OPNW on Nasdaq

OpenWorld, Inc.

American finance services company that raised $6.1 million in 2023 (SEC Form D). Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerOPNW on Nasdaq1
  • IndustryFinance Services1
  • HeadquartersLake Mary, Florida1
  • Incorporated inNV2
  • Business address801 International Parkway, Fifth Floor, Lake Mary, Fl 327462
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Cash, as defined in the Merger Agreement, of no less than $1 million, and (ii) our common stock having not been delisted from Nasdaq.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

38.5%Gross margin4
-30.9%Operating margin4
-29.9%Net margin4
-32.3%Revenue growth, 20254
-44.6%Return on equity4
$585.0KFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Proactive Services brought in 80% of the revenue OpenWorld, Inc. broke down this way in fiscal 2025.

  1. Proactive Services$13.2M480%down 32% from 2024
  2. Premium Services$3.1M419%down 30% from 2024
  3. Brand Protection Services$156.0K41%down 65% from 2024
Products and services by year
Products and services20242025
Proactive Services$19.4M$13.2M
Premium Services$4.4M$3.1M
Brand Protection Services$441.0K$156.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue61¢$10.1M
  • Research and development0¢$20.0K
  • Other costs32¢$5.2M
  • Income tax7¢$1.1M

Out of $16.4M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending3¢$18.0K
  • Kept or used elsewhere97¢$585.0K

Out of $603.0K of cash from operations.4

Financial statements

Revenue56784$16.4M in 2025+6593% since 2019
0$10.0M$20.0M$30.0M2019: $245.0K$245.0K20192020: $343.0K$343.0K2020+40%2021: $867.0K$867.0K2021+153%2022: $19.6M$19.6M2022+2158%2023: $25.3M$25.3M2023+29%2024: $24.2M$24.2M2024−4%2025: $16.4M$16.4M2025−32%
Gross profit56784$6.3M in 2025+3060% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $200.0K$200.0K20192020: $281.0K$281.0K2020+40%2021: $599.0K$599.0K2021+113%2022: $6.5M$6.5M2022+983%2023: $8.0M$8.0M2023+24%2024: $8.7M$8.7M2024+8%2025: $6.3M$6.3M2025−27%
Operating income56784-$5.1M in 2025+108% since 2019
-$6.0M-$4.0M-$2.0M02019: -$2.4M-$2.4M20192020: -$3.6M-$3.6M2020+47%2021: -$4.8M-$4.8M2021+35%2022: -$3.7M-$3.7M2022−22%2023: -$3.3M-$3.3M2023−11%2024: -$4.4M-$4.4M2024+32%2025: -$5.1M-$5.1M2025+15%
Net income596784-$4.9M in 2025+96% since 2019
-$15.0M-$10.0M-$5.0M0$5.0M2019: -$2.5M-$2.5M20192020: -$5.9M-$5.9M2020+135%2021: $3.6M$3.6M20212022: -$14.4M-$14.4M20222023: -$3.4M-$3.4M2023−76%2024: -$3.8M-$3.8M2024+13%2025: -$4.9M-$4.9M2025+28%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
NET REVENUE$16.4M$24.2M
COST OF REVENUE$10.1M$15.5M
GROSS PROFIT$6.3M$8.7M
Segment management and technology$3.1M$5.5M
General and administrative$3.4M$3.9M
Research and development$20.0K$70.0K
Sales and marketing$967.0K$1.4M
Goodwill and Intangible asset impairment$3.9M$2.3M
Total operating expenses$11.4M$13.1M
LOSS BEFORE OTHER INCOME (EXPENSE)-$5.1M-$4.4M
Interest income (expenses), net$214.0K-$130.0K
Change in fair value of contingent consideration$844.0K
Loss on sale of business-$146.0K
Other expense, net-$49.0K-$2.0K
TOTAL OTHER INCOME (EXPENSE), NET$165.0K$566.0K
NET LOSS-$4.9M-$3.8M
BASIC-$0.39-$0.37
DILUTED-$0.39-$0.37
BASIC12.6M shares10.4M shares
DILUTED12.6M shares10.4M shares

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Leadership

Who has led OpenWorld, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Paul Donfried2015
  2. Thomas Albert Nicolette2016
  3. Norman A. Gardner2017
  4. Scott N. Greenberg2023
  5. Adam H. Stedham2023–now

Chair

  1. Scott N. Greenberg2022–now

President

  1. Norman A. Gardner2006–2007
  2. Thomas Albert Nicolette2016
  3. Keith Goldstein2022–2023
  4. Adam H. Stedham2024–now

Chief financial officer

  1. Scott Alan McPherson2015–2017
  2. James S. Cardwell2018
  3. Margaret Gezerlis2018–2023
  4. Nancy L. Meyers2024–2026
  5. Jennifer L. Cola2026–now

Chief operating officer

  1. Ben Burrell2015
  2. Keith Goldstein2018–2023
2010201520202025
Board members and other officers (25)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerJack Wang named Sep 1, 202351
  • Executive OfficerPaul Ryan named Sep 1, 202351
  • Executive Officer, DirectorPatrick White named Apr 22, 202252
  • DirectorDavid Edmonds named Sep 1, 202351
  • DirectorChristopher Gardner named Apr 22, 202252

Former names

  • VerifyMe, Inc.Aug 17, 2015 to Oct 1, 20262
  • LASERLOCK TECHNOLOGIES INCNov 13, 2000 to Aug 4, 20152

Timeline

  1. Jun 20, 2023New chief executive Adam H. Stedham becomes CEO13
  2. Mar 21, 2023New chief executive Scott N. Greenberg becomes CEO12
  3. Apr 17, 2017New chief executive Norman A. Gardner becomes CEO14
  4. May 31, 2016New chief executive Thomas Albert Nicolette becomes CEO15
  5. Nov 25, 2015New chief executive Paul Donfried becomes CEO16

Filings

380 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 78 major events, 212 insider forms, 9 large holders, 2 private raises, 59 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Oct 14, 2026PRE 14C EDGAR
  3. Oct 13, 2026S-8 EDGAR
  4. Oct 13, 20268-K/A AMENDMENT NO. 2 EDGAR
  5. Oct 9, 20264/A AMENDED STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Oct 9, 20264/A AMENDED STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  7. Oct 8, 20268-K EDGAR
  8. Oct 8, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Oct 8, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  10. Oct 7, 20268-K BEYONDAI EDGAR
  11. Oct 7, 2026SCHEDULE 13D EDGAR
  12. Oct 7, 2026SCHEDULE 13D EDGAR
  13. Oct 6, 2026144 EDGAR
  14. Oct 2, 20268-K/A AMENDMENT NO. 1 EDGAR
  15. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  17. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. Oct 2, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  19. Oct 2, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  20. Oct 2, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR

The 380 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

103 open-market trades by officers, directors and large owners since October 2021: 103 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 10, 2025LAFFER ARTHUR BDirectorBuy28,000$0.71$19.9KForm 4
Mar 10, 2025Stedham Adam HPresident, Precision LogisticsBuy50,000$0.68$34.0KForm 4
Mar 7, 2025Stedham Adam HPresident, Precision LogisticsBuy45,000$0.71$31.9KForm 4
Dec 30, 2024Stedham Adam HPresident, Precision LogisticsBuy22,000$0.71$15.6KForm 4
Dec 17, 2024Stedham Adam HPresident, Precision LogisticsBuy10,000$0.59$5.9KForm 4
Dec 16, 2024Stedham Adam HPresident, Precision LogisticsBuy6,000$0.61$3.7KForm 4
Dec 5, 2024Stedham Adam HPresident, Precision LogisticsBuy5,000$0.62$3.1KForm 4
Dec 4, 2024Stedham Adam HPresident, Precision LogisticsBuy3,000$0.60$1.8KForm 4
Dec 3, 2024Stedham Adam HPresident, Precision LogisticsBuy6,000$0.60$3.6KForm 4
Dec 2, 2024Stedham Adam HPresident, Precision LogisticsBuy5,000$0.66$3.3KForm 4
Nov 13, 2024Stedham Adam HPresident, Precision LogisticsBuy2,000$0.95$1.9KForm 4
Mar 25, 2024LAFFER ARTHUR BDirectorBuy11,095$1.36$15.1KForm 4
Dec 26, 2023Stedham Adam HPresident, Precision LogisticsBuy14,441$1.04$15.0KForm 4
Dec 22, 2023Stedham Adam HPresident, Precision LogisticsBuy1,726$1.04$1.8KForm 4
Dec 21, 2023Stedham Adam HPresident, Precision LogisticsBuy227$1.04$236Form 4
Dec 4, 2023GELLER MARSHALL SDirectorBuy1,100$1.04$1.1KForm 4
Nov 28, 2023GELLER MARSHALL SDirectorBuy1,800$1.02$1.8KForm 4
Nov 28, 2023Stedham Adam HPresident, Precision LogisticsBuy8,436$1.03$8.7KForm 4
Nov 27, 2023Stedham Adam HPresident, Precision LogisticsBuy6,000$1.03$6.2KForm 4
Nov 17, 2023Stedham Adam HPresident, Precision LogisticsBuy993$1.05$1.0KForm 4

All 103 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Gerard Albert Palana HernandezSCHEDULE 13D, 1 filing Oct 7, 202653
  • Matthew Ian ShawSCHEDULE 13D, 1 filing Oct 7, 202654
  • Adam H. StedhamSCHEDULE 13D/A, 3 filings Aug 7, 2026 to Oct 2, 202655
  • Marshall S. GellerSCHEDULE 13D/A, 4 filings Jun 8, 2023 to Aug 26, 202656

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Aug 25, 2023Raised $1.1 million in a private offering of debt Form D: $1.5 million offered in all Form D
  2. Apr 14, 2022Raised $5 million in a private offering of equity Form D: 5 investors so far Form D

Sources

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