Comment by
panapple42 on Aug 21, 2024 9:34am
and MTLO is run by an accountant...
Comment by
Mostlyserious on Aug 22, 2024 8:42am
What are you implying about a CPA seemingly north of 50 leading a company operating in a fast-paced technological space?
Comment by
panapple42 on Aug 24, 2024 9:55am
there is no other choice really. He has done what he can with a bad hand. Its not like they can raise $18M again: https://stockhouse.com/news/press-releases/2020/05/29/martello-completes-acquisition-of-gsx-and-related-financing
Comment by
Mostlyserious on Aug 25, 2024 7:26am
An accountant will have a good grasp on the $ numbers. Just not sure how well they are positioned to lead software innovations to fill an underserved and needed tech space. But we will find out. So far the growth in the flagship product is answering the question the way one would have guessed.
Comment by
panapple42 on Aug 30, 2024 3:31pm
0.3 x sales. Almost profitable. needs a magic spark.
Comment by
Mostlyserious on Aug 30, 2024 7:17pm
Yes, another 25% growth or a million per quarter and they are around break even. The only problem is that revenues are declining because the loss of legacy business is greater than the increase in their flagship product. That is trending the wrong way.