RE:Evolv shuts down IPVM's Noise (again) Beasty, let's talk about EVLV's Revenue and Net Income numbers for the last two fiscal years:
| | Increase | 2022 | 2021 |
| | | | |
| Revenue | 73.93% | $41,207,000 | $23,692,000 |
| | | | |
| Net Income | 393.50% | -$53,584,000 | -$10,858,000 |
| | | | |
So Revenues increased by 73.9% but LOSSES increased by almost 400%. EVLV's Financial Statements prove that the more their Revenues increase the more their losses increase. You can't spend your way to profitability. That is not a winning strategy. EVLV is a goner soon unless they change their Marketing strategy.
In summary: The more systems they sell, the more money the company loses.
It gets worse after the company admitted that their system can't detect large knives. WHAT?
It would also help if the company could fix their system to detect large knives but that appears unlikely anytime soon.
We also noticed that EVLV's SP is down 72% in the last two years. What happened eh Beasty?
Why are you ignoring these facts?
While you are trashing XTRA your EVLV is imploding. Sales are going up while losses are exploding higher. That is how KARMA works for bashers like you Beasty.
Smarten up before it's late for you to save yourself from Financial ruin. Don't say you weren't warned.
ROTFL