Some more info for investors... This time on ve
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Posted On: 04/28/2022 11:01:01 AM
Some more info for investors...
This time on verbLIVE 2.0
A couple of things Direct Sales customers wanted was the ability to have multiple presenters and to save videos. Shouldn't be a surprised to investors at Rory mentioned it in the Q3 earnings call.
In the Q4 the company said this...
"Several months ago, we began developing what we call verbLIVE 2.0, specifically for the Direct Sales industry. The result is that we now have a backlog of tens of thousands of sales reps, many of whom served as beta testers for us, waiting anxiously now for the release of verbLIVE 2.0, which is on track for commercial release this summer."
Having been around software development my whole life and knowing even when the biggest companies say 'this summer', they really mean next summer as stuff takes way longer. So I was thinking, Fall would be really, really, really nice.
Guess that, I hear Verb LIVE 2.0 is coming much sooner. I 'think' I remember hearing June, but someone else can comment on what they heard. Bottom like is, it sound like it's not next year or even Fall.
Best part...
Price tag $4.95/mo and there are companies waiting for it
Let's take a very low end estimate and say if it was only 10K users, that still would be $600K a year. 100K would be $6M
The nice thing is, it shares the same video technology with Market in regards to the functionality. Lower cost to maintain, add new features, etc.
This time on verbLIVE 2.0
A couple of things Direct Sales customers wanted was the ability to have multiple presenters and to save videos. Shouldn't be a surprised to investors at Rory mentioned it in the Q3 earnings call.
In the Q4 the company said this...
"Several months ago, we began developing what we call verbLIVE 2.0, specifically for the Direct Sales industry. The result is that we now have a backlog of tens of thousands of sales reps, many of whom served as beta testers for us, waiting anxiously now for the release of verbLIVE 2.0, which is on track for commercial release this summer."
Having been around software development my whole life and knowing even when the biggest companies say 'this summer', they really mean next summer as stuff takes way longer. So I was thinking, Fall would be really, really, really nice.
Guess that, I hear Verb LIVE 2.0 is coming much sooner. I 'think' I remember hearing June, but someone else can comment on what they heard. Bottom like is, it sound like it's not next year or even Fall.
Best part...
Price tag $4.95/mo and there are companies waiting for it
Let's take a very low end estimate and say if it was only 10K users, that still would be $600K a year. 100K would be $6M
The nice thing is, it shares the same video technology with Market in regards to the functionality. Lower cost to maintain, add new features, etc.
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