more information on the way with Q1 a month away. i think we will see Q2 and Q3 much better results with covid not as big as a factor.
Management commentary:
“A year ago, Memex transitioned our business model to a more digital sales-based approach, and we adjusted our product delivery strategy,” said Memex CEO David McPhail. “We continued to execute against these shifts, resulting in strong year-over-year revenue growth, positive cash flow generation and a net profit. Entering fiscal 2022, we see continued strength and interest as U.S. supply chains seek domestic sources, leading to increased business for many of our customers and prospects. Machine downtime exasperates manufacturers’ abilities to deliver product and thus many are seeking ways to optimize production. Memex has the solution to solve this real and growing problem.”