Venzee Technologies Inc V.VENZ

Q2 Conference Call

[SpauldingSmails]

Did anyone tune in?

• John still upbeat on hitting year end KPI's. Expected ramp up in Q3/4 of this year.
• Says they're seeing an uptick in 'word of mouth' sales opportunities which he called Network Effect.
• Sales/Ops team better equipped to handle implementations efficiently - large bulk buys were problematic for a small team from implementation speed standpoint.
• Looking to add another KPI that tracks the 'velocity of conversion' on opportunities.
• Turnover/churn is still 0, which is a good thing in a no-contract SAAS model where there is no contract in place.
• Latest partnership dialogue started in 2019, the company tried to find other solutions and ended up coming back to Venzee.

The revenue (and promo 6 mo lag) certainly isn't as high as we'd like and I have an issue with their burn rate. But I'm still optimistic this company has the right management, people, and product in place to deliver. Rome wasn't built in a quarter.

[Nord43]

Thanks for taking the time to update us SS. I appreciate it. Cheers 

[Cgbuddy]

when you burn 1.5 million per quarter but you make 15k in rev that something that doesnt work ...? no im alone to think so ?

[summitking]

About $900k per quarter or $200-$300k/month... hence why John may lose this company because he chose to ignore the financials and only focus on product development.  John needs to explain how revenue will go from $4,500/month to $195,000/month over the next few months.  He says it will but how?

[Cgbuddy]

nice point , he must respect his balance sheet otherwise we are all doomed. many big shark will try buy this at the minimum price. the share will be constantly under down pressure.