Interesting notes from fins “Over the last few
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Posted On: 11/19/2019 9:24:19 PM
Interesting notes from fins
“Over the last few years, our management team has implemented aggressive strategic plans that are now bearing fruit. In 2016, we were experiencing multiple organizational challenges including the inability to achieve profitability from operations as well as shrinking market share due to increased competition. We are proud that we have successfully grown our company in three short years from $8 million in annual revenue as of the end of 2016 to nearly $60 million in 2018. Revenues through the first nine months of 2019 exceeded $58 million.”
“We are working daily to put the appropriate procedures in place to meet the standards and transparency required of a NASDAQ listed company. We pledge that transparency will be a major focus for us moving forward. We hope to be fully GAAP-compliant with audited financials starting in year 2020. We continue to consult with financial experts on improving our debt position, limiting dilutive financings and improving our level of financial reporting.”
“Over the last few years, our management team has implemented aggressive strategic plans that are now bearing fruit. In 2016, we were experiencing multiple organizational challenges including the inability to achieve profitability from operations as well as shrinking market share due to increased competition. We are proud that we have successfully grown our company in three short years from $8 million in annual revenue as of the end of 2016 to nearly $60 million in 2018. Revenues through the first nine months of 2019 exceeded $58 million.”
“We are working daily to put the appropriate procedures in place to meet the standards and transparency required of a NASDAQ listed company. We pledge that transparency will be a major focus for us moving forward. We hope to be fully GAAP-compliant with audited financials starting in year 2020. We continue to consult with financial experts on improving our debt position, limiting dilutive financings and improving our level of financial reporting.”
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