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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 MACNACon May 03, 2022 8:45am
120 Views
Post# 34650447

RE:RE:$71K annual Revenue?

RE:RE:$71K annual Revenue? Thank you for the follow up Norm. I appreciate the 6 months free subscrption. But in their own words 
"Venzee Q4 sales performed above its ambitious 2021 goals of $195,000 MRR and more than 2,000 sold Mesh Connectors™

CHICAGODec. 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? 
 

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