RE:RE:$71K annual Revenue? Thank you for the follow up Norm. I appreciate the 6 months free subscrption. But in their own words
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Venzee Q4 sales performed above its ambitious 2021 goals of $195,000 MRR and more than 2,000 sold Mesh Connectors™ CHICAGO, Dec. 23, 2021 /CNW/ - Venzee Technologies Inc. (TSXV: VENZ) (OTCQB: VENZF) ("Venzee'' or the "Company"), the artificial intelligence platform for product data, announced today that the Company has exceeded its 2021 targets of $195,000 USD Monthly Recurring Revenue (MRR) and 2,080 sold Mesh Connectors™.
Venzee saw significant revenue gains following the expiration of Mesh Connector™ discount periods and new sales contract wins that pushed the Company past its revenue target for fiscal year 2021."
Does this not lead you to believe that those discount periods ended and they actually received more revenue in Q4 than targeted. Unless their budgeted revenue for Q4 was next to $0, then how did they perform as well as they stated. In their exact words, they pushed past their targeted revenue for 2021. With $67K in revenue, what was their actual revenue target and why on earth would it be so low?
Also, they clearly stated again yesterday they had 500+ mesh connectors. In the above, they stated they had 2080. That is a massive variance. Even if they are in the fee free period, Venzee would still claim these as active mesh connectors. So where did all those extra mesh connectors go?