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Re-reading of the transcript will show what is incorrect on this summary.
Happy reading!
AGP and Litchfield are professional stock analysts. Their valuations are based on hard work and professionalism. If their recommendation is to buy VERB, then one can bet that there is a very valid reason to listen to them! Below shows the typical DD that stock analysts do for each stock they evaluate. It is quite impressive!
"What is a Stock Analyst?
A stock analysts is a person—typically employed by a large bank, investment firm or analysis company—who devotes his/her life to learning and making predictions about a company and its future performance.
Stock analysts sift through company reports and filings, talk to company management, probe customers and competitors and basically do whatever they can to find out if a company is healthy and growing or sick and shrinking. Because this is incredibly demanding work, stock analysts typically only monitor one or two companies at a time."
I agree.
The attempt to degrade the stock & CEO isn't working as planned, and now there appears to be covering going on before the earnings call later today to discuss the record annual growth that VERB has achieved.
Like I said before, I would put my believe in the experts (stock analysts).
What is a Stock Analyst?
Full year SaaS recurring revenue up 82%.
The analysts must have seen some really good things to give such a high buy rating, and SP projection. Perhaps things just didn't happen as fast as they thought? Only indicates to me what is yet to come for the analysts to be so positive on VERB. They would know more than anyone else outside the company what to expect concerning VERB's growth.
I stand by my post and would believe recommendations from the experts over anonymous posters any day, thank you. LMAO!
Financial Results
Year Ended December 31, 2020
Total Digital revenue was $6.5 million, an increase of 53% from the previous year
Total SaaS recurring revenue (a component of total Digital revenue) was $5.1 million, an increase of 82% from the previous year. SaaS recurring revenue as a percentage of total Digital revenue was 79%, compared with 66% for the previous year
Total revenue was $10.0 million, an increase of 10% from the previous year, but also reflecting the Company’s strategic change in revenue mix with a substantially higher percentage of its revenue coming from its digital applications business
Cost of revenue was $4.8 million, a decrease from $4.9 million for the previous year
Gross margins increased 22% over previous year
Research and development expenses were $7.9 million, an increase of 84% from the previous year. The increase was attributable to the development of verbLIVE and enhancements to verbCRM and VERB’s core platform to facilitate native integrations with Salesforce, Microsoft, and other channel partners
General and administrative expenses were $20.5 million, an increase of 39% from the previous year, reflecting non-cash stock-based compensation expense of $6.1 million and labor-related costs to support growth, as well as expenses related to the acquisition of SoloFire
Cash totaled $1.8 million as of December 31, 2020, compared with $983,000 on December 31, 2019.
Show me a company that doesn't try to put a positive spin on PRs. LMAO!
Those are the facts!
Facts are a stubborn thing.
Ouch for shorters.
Lol, I guess this is back to being just a rumor again. LMAO!
https://gofile.io/d/fhwZgj
"This upload does not exist"
Evidently, I'm not the only one that thinks the SEC is investigating this stolen video.
Really, Hundreds of thousands of dollars is nothing to sneeze at by any means.
Again, nonsense.
No need to post a link to a site that I already have, but thanks for reminding everyone where they may also file a complaint.
Materiality was already shown in the video, and was supposedly one of the reasons the link to the video was not previously posted.
TenKay was right, Rory does have stubble! OMG, why hasn't there been a PR on his stubble?
I believe that former VERB employee was just trying to spread childish rumors. The SEC will be investigating that former employee and their friends that they supposedly gave the stolen video to now that the SEC has been notified. Thanks to TenKay for confirming that I had the correct link to the SEC.
Post the video, or a link to it if you think it’s not a childish rumor and that it exists...
Very easy and simple, yet the video or link to it can't be provided.
Must be a rumor then...
Why do you think there has been no proof of the video that some are referring to that supposedly exists, even after it was said that the proof would be shown this past week along with other rumored information?
Once again, all talk, no proof, just childish rumors.
Like I mentioned before, based off of lies, misinformation, attempted stock manipulation from those not associated with the company wanting to gain financially or from former employees wanting to do harm. Anyone can find information as to why the SEC might get involved (if they already haven't based on previous complaints ).
Still no facts provided...
It's been well over 1 week and not 1 single link, or video to back up all this nonsensical hearsay.
Should be quite easy if it were true.
Ah! I guess it's because it's not true.
Just a childish rumor like I suspected.
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