TSXV:ART.H - Post by User
Comment by
WinterBaronon May 19, 2022 11:54am
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Post# 34695549
RE:RE:Fiscal Q1/22
RE:RE:Fiscal Q1/22Agree with your remarks Synthesizer303 and will supplement a little with recent reply from Larry O'Reilly to an email I sent a couple of days ago.
Basically, I was expressing some thoughts regarding ARHT going forward. Happily my experience has always been positive when presenting concerns or questions to the company.
His reply doesn't provide any particular new information.
However, unlike many CEO's at this stage and size of company, Larry does give direct replies when he can and at least responds to shareholders even if he is limited as to what can be shared.
I take that as a very positive indication of the kind of relationship shareholders can expect as ARHT grows.
Larry O'Reilly <larry@arhtmedia.com>
Wed, May 18 at 6:07 p.m.
Thanks Jim for your continued interest and support.
There is a plan that we have put together that will drive significant growth in the coming quarters and years.
We recently completed a major financing raising $10M well above the current market price that will help support this growth. Earlier today we announced revenue growth of 20% on a Q over Q from last year but this is just the start.
We also announced that our WeWork rollout expanded from 16 to 30 locations.
The fact that 82% of our revenues this past quarter were from repeat customers validates the value of our business. We have many big brand names that we work with, and that number is growing, especially now that we have the resources to invest more into sales.
We have a strategic plan that is focused on exponential growth.
We have not given public guidance on revenue so I cannot provide selective disclosure at this time, but we will soon provide an update on where we think revenue will go.
We recently retained an IR firm and are in the process of finalizing the messaging. We will disclose much more in the future when we host a large investor call.
Date to be determined but it is not far away.
The public markets of course are very weak right now for micro cap names but fortunately we have the resources to grow our business according to the plan put in place by our board. Stay tuned and thanks for your support.
Larry
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