A Special DayFive years ago today, December 18, 2017, Martello announced the signing of John Proctor as president and CEO. Happy Anniversary! In the announcement, Proctor is quoted, “It is an excellent chance for me to help scale further an already profitable business.."
So, how he has done? Since the company was still private in March 2018, I don`t know revenues and profits for that year. For the subsequent four fiscal years, the company had revenues of $10.3 million, $11.2 million, $16.8 million and $17.5 million and net losses of $5.4 million, $8.2 million, $6.3 million and $8.2 million. For the 6 months of FY2023, it had revenues of $8.0 million and a net loss of $3.4 million.
I wonder if that`s what Terry Matthews expected when he said, “Martello is primed for continued growth and is adding senior leadership experience to ensure they get there”?