Martello Technologies Group Inc V.MTLO

New Press Release - Martello Reports Financial Results for the Fourth Quarter and 2023 Fiscal Year

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./Microsoft-recommended Vantage DX product achieves sustained double-digit quarter over quarter monthly...read article.

[Mostlyserious]

Here's a summary the way I see it. 1.  Mitel relatively stable legacy revenues of $7.2M 2.  Sunsetting legacy product revenues of $7.7M 3.  Vantage DX "key growth business" revenues of $1.25M  - there you have it - "key growth business" constitutes less than 10% of total revenues after so many years. Find me another company like this. 4.  Net loss

[JProctor]

These guys have had years of practice dressing up terrible financials.  Don't be fooled by their pathetic attempt to bury awful results.  These results were bad, really bad.  This company is heading to zero, which is not very far off as it stands already.  

[Mostlyserious]

Opening up detailed financials to even try to comprehend how this outfit incurred a loss of about $25 million would not be worth my time.  All I see is old business apparently generating some positive margins but the result of their strategic focus after several years is $1.6 million in revenues to show for it, about a tenth of total business.  That is enough to see.  It is stunning