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Venzee Technologies Inc V.VENZ

Alternate Symbol(s):  VENZF

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

Comment by Midtown007on Jun 01, 2021 8:23am
135 Views
Post# 33301798

RE:RE:RE:RE:RE:Financials

RE:RE:RE:RE:RE:FinancialsI did some more thinking over night, the more I thought about it the more these numbers are not that out of line.   I know we all like to see revenue right out of the gate but the key # that stands out is 675 mesh connectors established by March 31.  I beleive the orignal target was only 500.  Because this is a whole new way of Manufactures hooking up with retailers I can see hoe you may want to offer some incentive to close the sale.

So the majority of these 650 were most likely towards the end of the quarter, add in discounts etc and 30 day billing clycles or even longer then you can start to see why revenue would be not so much in the ist quarter.  Anyways this call in about 5 minutes should ad some colour to what we can expect over the next few quarters.
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