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Versatile Systems Inc VVVFF

"Versatile Systems Inc and its subsidiaries are engaged in software development and sales of computer software, hardware and system integration services related to wired and wireless mobile business solutions. The company's products and services include field sales system, android dex, management console, service depots, single repairs etc. It has Eastern US, Western US, and VMS-UK geographic segments. The firm derives the majority of its revenues from Eastern US segment."


GREY:VVVFF - Post by User

Bullboard Posts
Comment by Psalm9012on Jan 06, 2015 10:40am
111 Views
Post# 23289376

RE:2014 Financials are out!

RE:2014 Financials are out!It does appear as if the turnaround is in place as the quarter ending Sept. 30 shows a 32% increase in revenue from the same quarter last year and the net loss dropping from $1.2 million to $0.4 million. Perhaps they will be profitable in the next quarter or two. In a competitive field, they are staying on top of things with the Executive Chairman, des Pallieres, turfing the newer CEO after little more than 6 months and taking over the reins himself. In des Pallieres' words, he is moving the business "to further develop a strategy for growth and ... drive towards profitability..." With about 65 million shares, or one-third the float, he has incentive to make it happen. Greg
Bullboard Posts