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Martello Technologies Group Inc V.MTLO

Alternate Symbol(s):  DRKOF

Martello Technologies Group Inc. is a technology company, which provides digital experience monitoring (DEM) solutions to optimize the modern workplace. The Company's segments include Modern Workplace Optimization and Mitel. The Modern Workplace Optimization segment includes Vantage DX and Legacy Software Products. Mitel includes the Mitel Performance Analytics (MPA) product, software which is developed by it and sold by Mitel to its channel partners and enterprise customers to monitor and manage the performance of Mitel unified communications solutions. e Vantage DX provides Microsoft 365 and Microsoft Teams end user experience monitoring and optimization. It develops software that monitors and optimizes the user’s experience of enterprise cloud communications and collaboration systems to help IT teams. Its Legacy Software Products, which include Gizmo, iQ, LiveMaps and Domino. It operates in Canada, the United States and Europe, the Middle East and Africa (EMEA).


TSXV:MTLO - Post by User

Comment by Mostlyseriouson Feb 14, 2023 9:49pm
82 Views
Post# 35286546

RE:I like how they try and bury this at the bottom

RE:I like how they try and bury this at the bottom I was encouraged go see TM being the first one quoted as it gives an impression that he is finally getting involved more meaningfully in this disaster.  He sounded pretty bullish on thr DX Vantage prospects.

All this encouragement was quashed once I got to understand that quarterly revenue for DX Vantage was a paltry $380k and the decline of legacy business significantly overshadows the growth in DX Vantage.  This product has to grow at least ten times to get to a point where it would be a good company employing a couple of dozen people.  It is beyond comical to cite number of MS Teams users when talking about annualized revenues of about a million bucks.  Less than half a penny per year per user...or just over a buck per user they have on the platform...a dime per month.

Now I am surprised and disappoimted to see TM spwaking out in the news release, followed by JP.  

We need a new generation to take over and give this a shot.  I don't think these veterans get it.  2-2.5 cent stock price does not appear to impress upon them how they are doing.

Frustrating.
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