Venzee Technologies Inc V.VENZ

Alternate Symbol(s): VENZF

Technology Software - Application

Venzee Technologies Inc. (Venzee) operates as an artificial intelligence platform for the transfer of product data between brands and retailers. The Company develops and markets a cloud-based platform that is used by various suppliers and manufacturers from a range of industries to share their product information and inventory updates, in real-time, with their retailers. The Venzee platform allows for transfer of data to a range of retail channels. The Company allows customers to select any number of retail channels from its site to start using Venzee's Mesh Connector platform. It integrates with any content management provider. Venzee offers syndication capabilities that provide enhanced data governance, master data management abilities, and content organization. Venzee's subsidiaries include Venzee Inc. and Venzee Technologies Canada Inc.

TSXV:VENZ - Post by User

Venzee Technologies Inc > Per MD&A Q1 Revenue $ 2 million but per financials $ 8,750

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Comment by Yeppers12on May 31, 2021 8:19pm

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Post# 33300376

RE:RE:Per MD&A Q1 Revenue $ 2 million but per financials $ 8,750

So $8,750 in revenue booked for the quarter. (Not good)

675 mesh connectors gives a ~$2 million run-rate which is also roughly the $195,000 MRR, they're talking about. They have a 4-6 month lag in onboarding.

They've revised their 7.5M (US) run rate down to 2.3M (US) for 2021.
They've revised their 40.5M (US) run rate down to 10.5M (US) for 2022.

I think I also said something about the price going to 9 cents. I'll revise it.
New target 5.5 cents.

Classic case of management over-promising and under-delivering.

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