you forgot the second half, pal ;-) By comb
Post# of 33005
(Total Views: 433)
Posted On: 07/11/2019 6:12:34 PM
Re: adirondackhi #15994
you forgot the second half, pal 
[...]
By combining our technology with that of Sound Concepts, the company we acquired while simultaneously closing a $20M equity raise with participation from over 40 institutional investors, as well as completing an uplist to Nasdaq, we now have a leading SaaS application, providing us with the opportunity to dominate the enormous direct sales industry. In Q-1 2019, on a combined basis, we grew SaaS revenue 40% over Q-4 2018, finishing Q-1 with approximately $4M; placing us on an annual revenue run-rate of $16M.
Throughout that entire process, and over the course of the last 18 months, we had more than our share of naysayers with their own agendas saying we’d never complete the Sound Concepts acquisition, we’d never close the $20M equity raise, and we’d never uplist to Nasdaq, among other things they said we’d never be able to do. As I said then and as I say now, don’t underestimate my resolve or the resolve of the Company.
But we’ve also had more than our share of loyal, dedicated supporters, to whom we remain very grateful.
The lawsuit, as I mentioned above, is just the latest challenge we face and will overcome. While to the uninformed and inexperienced, it may seem daunting, and that’s what they want you to think and feel, the allegations are entirely without merit, belied by the facts and documents, and we will vigorously defend it.
We are now experiencing the greatest growth in the history of the Company, our value-creation opportunity has never been stronger, nor has the strength of our team that continues to execute our plans and objectives with ferocity and ever-increasing velocity.
As you have come to expect from us, we will keep you informed about this meritless lawsuit, as well as all other things happening at Verb, as we continue to build a world-class, industry-leading company, the success of which, every single one of us can be proud to have played a part.
Best regards,
Rory J. Cutaia, CEO
[...]
By combining our technology with that of Sound Concepts, the company we acquired while simultaneously closing a $20M equity raise with participation from over 40 institutional investors, as well as completing an uplist to Nasdaq, we now have a leading SaaS application, providing us with the opportunity to dominate the enormous direct sales industry. In Q-1 2019, on a combined basis, we grew SaaS revenue 40% over Q-4 2018, finishing Q-1 with approximately $4M; placing us on an annual revenue run-rate of $16M.
Throughout that entire process, and over the course of the last 18 months, we had more than our share of naysayers with their own agendas saying we’d never complete the Sound Concepts acquisition, we’d never close the $20M equity raise, and we’d never uplist to Nasdaq, among other things they said we’d never be able to do. As I said then and as I say now, don’t underestimate my resolve or the resolve of the Company.
But we’ve also had more than our share of loyal, dedicated supporters, to whom we remain very grateful.
The lawsuit, as I mentioned above, is just the latest challenge we face and will overcome. While to the uninformed and inexperienced, it may seem daunting, and that’s what they want you to think and feel, the allegations are entirely without merit, belied by the facts and documents, and we will vigorously defend it.
We are now experiencing the greatest growth in the history of the Company, our value-creation opportunity has never been stronger, nor has the strength of our team that continues to execute our plans and objectives with ferocity and ever-increasing velocity.
As you have come to expect from us, we will keep you informed about this meritless lawsuit, as well as all other things happening at Verb, as we continue to build a world-class, industry-leading company, the success of which, every single one of us can be proud to have played a part.
Best regards,
Rory J. Cutaia, CEO
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