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Posted On: 05/01/2021 7:10:26 PM
Post# of 32688
It's been a long time since we rock and rolled
Wanted to be a happy song so people wouldn't read anything negative into my post...
Rory has a conference on the 14th and another one on the 19th
Earning call looks like it's also on the 14th
The train cars are lining up well.
The Outlook integration possibly being released in the next two weeks would be right at or before the earnings call
If Rory says it's going to be released on the next two weeks, then they must already have Microsoft's approval
The MarketPlace possible launching soon. They continue to add to features to the site so no worries about it being 'basic' Got at least 15 customers testing it out and holding VL sessions.
While I'm sure people have mixed feeling about people moving on Verb does have a deep bench. It's funny those idiots on Shutter Island try so hard to spin anything at Verb into a negative.
Jeff Higham is a Senior Vice President of Product and has a ton of experience. He has his own company F3, has done work for Verb for year s and they hired him in and his fellow employees in November. Now why would a guy that has a contract with Verb for years want to be an employee, eh?
With Chad, Julie and Kym all moving on that is considerable savings. Julie's base was $210,000 and was eligible for an annual performance bonus of up to $70,000. Let's say they were all making roughly the same. I doubt it but it makes the math easier. That is $840K/yr less burn.
"In addition, we’ve recently added several product professionals, creating a deeper bench for our product teams, and revamped our entire development team and processes, moving to an agile environment which has not only resulted in a more efficient, effective, rapid, and higher quality development cycle, but also resulted in significant cost savings. These cost savings will help us execute our current plan to reduce our burn and drive aggressively toward cash flow positive status through a reduction in operating expenses quarter over quarter, coupled with higher topline revenue generation."
This paragraph is what you want to see. No way to spin it into a negative because it is all positive.
The major development must be complete and now you can outsource ongoing support and enhancements and control your overhead spend.
I can see they converted a product person awhile ago and promoted her.
They hired a product designer in march. They converted another product designer in January and now has the little Product Design Lead so I assume a promotion. I am seeing others that got promoted over the last year which is a good thing to see.
They hired a Director of Demand Generation & Account Based Marketing in April
He looks like he has a lot of great marketing experience
Rory's appearance on ZINGERNATION Power Hour already got 1,276. Who knew they are working on a Google integration. I a surprised disgruntled ex employee didn't mention it. But why would he mention anything positive?
The new customer NewAge is a nasdaq listed company. What you may not know is NewAge acquired ARIIX last year along with four additional companies in the e-commerce and direct selling channels. The NewAge contract is like adding 6 companies. Their app already has 10,000 downloads and I hear it's going well.
Do you know how many distributors Newage has. You might want to sit down when you find out. This is a huge customer for Verb. Might be one of the largest if not the largest.
The Q1 numbers seem solid and you'll get a feel for the rest of the year as well be more then a 1/3 into it. The next two weeks should be interesting, drive a lot of excitement and more awareness for our company.
A lot going on. These are just some examples off the top of my head. There are more.
Ooh yeah, ooh yeah
Ooh yeah, ooh yeah
Wanted to be a happy song so people wouldn't read anything negative into my post...
Rory has a conference on the 14th and another one on the 19th
Earning call looks like it's also on the 14th
The train cars are lining up well.
The Outlook integration possibly being released in the next two weeks would be right at or before the earnings call
If Rory says it's going to be released on the next two weeks, then they must already have Microsoft's approval
The MarketPlace possible launching soon. They continue to add to features to the site so no worries about it being 'basic' Got at least 15 customers testing it out and holding VL sessions.
While I'm sure people have mixed feeling about people moving on Verb does have a deep bench. It's funny those idiots on Shutter Island try so hard to spin anything at Verb into a negative.
Jeff Higham is a Senior Vice President of Product and has a ton of experience. He has his own company F3, has done work for Verb for year s and they hired him in and his fellow employees in November. Now why would a guy that has a contract with Verb for years want to be an employee, eh?
With Chad, Julie and Kym all moving on that is considerable savings. Julie's base was $210,000 and was eligible for an annual performance bonus of up to $70,000. Let's say they were all making roughly the same. I doubt it but it makes the math easier. That is $840K/yr less burn.
"In addition, we’ve recently added several product professionals, creating a deeper bench for our product teams, and revamped our entire development team and processes, moving to an agile environment which has not only resulted in a more efficient, effective, rapid, and higher quality development cycle, but also resulted in significant cost savings. These cost savings will help us execute our current plan to reduce our burn and drive aggressively toward cash flow positive status through a reduction in operating expenses quarter over quarter, coupled with higher topline revenue generation."
This paragraph is what you want to see. No way to spin it into a negative because it is all positive.
The major development must be complete and now you can outsource ongoing support and enhancements and control your overhead spend.
I can see they converted a product person awhile ago and promoted her.
They hired a product designer in march. They converted another product designer in January and now has the little Product Design Lead so I assume a promotion. I am seeing others that got promoted over the last year which is a good thing to see.
They hired a Director of Demand Generation & Account Based Marketing in April
He looks like he has a lot of great marketing experience
Rory's appearance on ZINGERNATION Power Hour already got 1,276. Who knew they are working on a Google integration. I a surprised disgruntled ex employee didn't mention it. But why would he mention anything positive?
The new customer NewAge is a nasdaq listed company. What you may not know is NewAge acquired ARIIX last year along with four additional companies in the e-commerce and direct selling channels. The NewAge contract is like adding 6 companies. Their app already has 10,000 downloads and I hear it's going well.
Do you know how many distributors Newage has. You might want to sit down when you find out. This is a huge customer for Verb. Might be one of the largest if not the largest.
The Q1 numbers seem solid and you'll get a feel for the rest of the year as well be more then a 1/3 into it. The next two weeks should be interesting, drive a lot of excitement and more awareness for our company.
A lot going on. These are just some examples off the top of my head. There are more.
Ooh yeah, ooh yeah
Ooh yeah, ooh yeah
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