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Martello Technologies Group Inc V.MTLO

Alternate Symbol(s):  DRKOF

Martello Technologies Group Inc. is a technology company, which provides digital experience monitoring (DEM) solutions to optimize the modern workplace. The Company’s segments include Modern Workplace Optimization and Mitel. The Modern Workplace Optimization segment includes Vantage DX and Legacy Software Products. Mitel includes the Mitel Performance Analytics (MPA) product, software which is developed by it and sold by Mitel to its channel partners and enterprise customers to monitor and manage the performance of Mitel unified communications solutions. e Vantage DX provides Microsoft 365 and Microsoft Teams end user experience monitoring and optimization. It develops software that monitors and optimizes the user’s experience of enterprise cloud communications and collaboration systems to help IT teams. Legacy Software Products, which include Gizmo, iQ, LiveMaps and Domino. It operates in Canada, the United States and Europe, the Middle East and Africa (EMEA).


TSXV:MTLO - Post by User

Comment by baystreetpennyon Jun 30, 2021 11:21am
71 Views
Post# 33473090

RE:RE:RE:RE:RE:RE:RE:RE:Disappointed

RE:RE:RE:RE:RE:RE:RE:RE:Disappointed Steevee, I wouldn't be worried about the reverse split, it just makes no sense for them to do it. The major concern is their modest growth in the next year with decreased profitability and margins. They will not be able to achieve positive cash flows for years. All the previously communicated upside vanished, they are not able to show that they are heading towards the right direction. There's now as much downside. For a company bragging about their high margins (which clearly is decreasing with GSX) and recurring revenue, it's a shame that they are and will be struggling so much to achieve positive cash flows. Their CFO said a year ago that her primary goal was to make the company cash flow positive in the near future. Over a year later, not only they did not take any steps forward towards it, that goal looks even more out of reach after their latest acquisition with decreasing profitability. It's a shame, they are basically just burning investors' money. Steevee and Mikeyrob, you seem like nice persons and I hope you will be able to recover from your losses in MTLO. Truth is that there are better investments elsewhere. What I learned over the years in investing is to not be emotionally attached to a poor performing stock. Even if all the right stars are aligned, this company is still another year away from achieving anything positive. All the best.
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