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Revenue, so far for 2019 is 3.55 million... and that's essentially only for 2 qrtrs.
Annualized that's over 7 million. The actual value of the NOL is 14 million, soo what is the value here. Yes, we have a deficit, but clearly that is coming down.
Guess Geordan does know what he's doing, so stay tuned.
These 2 paragraphs wraps up everything really nice!
"We are pleased to report a solid full quarter of results demonstrating the strong ongoing Service 800 and Path UX businesses that were acquired during the first half of 2019," commented, Geordan Pursglove, Beyond Commerce's Chief Executive Officer. "Our efforts to re-energize the sales engines at both Service 800 and PathUX has paid off in sequential revenue growth. We are now in midst of initiating cross-sell opportunities, introducing new products and expanding their markets. We expect these initiatives to drive growth over the next few quarters. Additionally, we remain in active and discussions and negotiations with several acquisitions and expect to make announcements on such over the next few months."
Pursglove, added, "On the corporate front, our team has been extremely active with our attorneys and accountants in strengthening our balance sheet. We are extremely proud of the significant improvement in shareholder equity to a $5.0 million deficit. This puts us in much better position to achieve our 2020 goals of closing additional acquisitions and pursuing an uplist to a national exchange. All of our successful efforts are reflected in the fact that our corporate overhead and operations have been self-sustaining over the past six months, as we have not had to go back to the capital markets to raise money. We look forward to closing out the year strong and improving our business and capital markets positioning in 2020."
Beyond Commerce Reports Record Third Quarter 2019 Results
Sequential Revenue Growth of 38% to $1.8 Million
Significant 68% Improvement in Shareholder Equity to a $5.1 Million Deficit
Key Financial Highlights for Q3 2019:
Revenues increased to $1.8 million, a 38% sequential increase from Q2 2019
Gross margin of 58%
Total assets of $9.7 million
Total shareholders' deficit of $5.1 million, a significant improvement from $15.8 million deficit at the end Q2 2019
Key Business Highlights for Q3 2019:
Service 800 recognized bioMérieux with award for 20 years of steady commitment to customer experience excellence
Service 800 awarded contract from Thermo Fisher Scientific initial multi-month pilot program
Management Commentary
https://www.otcmarkets.com/stock/BYOC/news/Beyond-Commerce-Reports-Record-Third-Quarter-2019-Results?id=246421
Yep, that's 1 of 2 things I forgot to highlight. 1.8 mill that quarter!
Revenue is really only for 2 quarters, so that yields a yearly revenue of over 7 million!
Love the market cap we're at now
I'd agree... here was a good summary:
Q/Q revenue growth of 40%.
Q/Q operating cost increase of only 20% (1+1, starting to equal 3)
last Q non-operation EXPENSE of $4.53M
this Q non-operation INCOME of $2.37M
last Q net loss $5.17M
this Q POSITIVE NET INCOME OF $1.80M!!!!
$BYOC from my quick glance...
— RemoraOTCean (@RemoraOTCean) November 14, 2019
Q/Q revenue growth of 40%.
Q/Q operating cost increase of only 20% (1+1, starting to equal 3)
last Q non-operation EXPENSE of $4.53M
this Q non-operation INCOME of $2.37M
last Q net loss $5.17M
this Q POSITIVE NET INCOME OF $1.80M!!!! https://t.co/ifxiI0ZJGu
If the stock hurts, se...
However, Just like the other stock where promises are being kept, so will it be for BYOC.
Geordan and co has to be quiet, so as to not screw up all the progress they've made, some of which has been filed to communicate to the public... and all the other stuff they've been working on behind the scenes. It's a lot of work.
Differences to that stock is BYOC had shady past management, then pumping/ supporting by some peeps, then George unexpectedly passing, "some" dilution in order to buy S800, heavy shorting, selling by known peeps/ group with sheep following exit, then because of a note & discover after all that, more dilution which actually gets a lot of liabilities off the books.
To sum that all up, I would imagine the worst is behind us and hopefully Geordan will over deliver.
Meanwhile, Geordan and team working tirelessly to grow organically and inorganically.
Should get interesting with company and stock, stay tuned.
Well, next week is when the next quarterly filing us due and I'd venture we'd hear more then. Plans change, nobody really knows yet... well somebody does somewhere.
Curious gut wrenching action though
Brand New website: https://beyondcommerceinc.com
Must have just been released, as it's a little slow to come up and navigate.
Appears ready for more info to get uploaded as plans get executed and acqs added, imo.
I was going to respond at some point, but we all know it's pointless and smart investors know this anyway about the BYOC to Pathux terms.
I guess it helps to actually read filings, imagine that.
As it was explained to me, the stall agreement terms were set up like that to get the smart Pathux guys working for BYOC, getting new clients earlier, and ultimately to delay paying those guys for a few months.
My guess to do this is for achieving 2 quarters of filings, proving financing capability after ceasing to be a shell; then pay them, along with the other acquisitions.
Have to wait and see.
Yep, noticed that myself, although I'd say not as aggressive for nearly 2 months. Where ya been?
Otcx on the bid too, lol
Seems like the legit tickers are a lot like this and take time like a real business is suppose to do(cough cough). Of course, most don't have the CEO passing while the interesting stuff hadn't even started yet.
Perhaps this was actually pumped way to early and pumped "against" the wishes of that same CEO, and the current CEO/ management. Anyway, mute point now.
Will see what the filing says here in 3 weeks, which is prolly the reason for action recently. Typical Shenanigans
Well, OTCX is not the company, if that's what your getting at.
There's been no material news, so what is the reason for the rise & volume?
No doubt it's super cheap and primed for a pop, but I'll wait for results after end of day for what's going on.
That's what those shares were valued at, when issued. Duh.
The shares were sold at a much higher pps.
Then CEO passes, which led to widespread panicking, shorting, then more massive dumping. Yes, there was some conversion of debt and yes, its takes more shares at a lower pps to convert it. Duh.
MMs and others knew this and capitalized on it, is what it is, or a gift perhaps.
When BYOC produces material events, will there be positive opinions here, lol. While I find the 160 million info discredited and funny, the negative opinions each day is hilarious, as well.
Real business takes time, no sense it worrying about the day to day. The common otc mentality of "I want it now" doesn't apply to BYOC.
I've seen nothing but positive progress and updates, and any negatives makes sense for the state of the business; and more importantly, gearing up for the future plans and growth.
If you can't wait for progress to be made, then this is not the stock for you. They have come a long way considering where BYOC came from and from past shady management and having little money outside of their own pockets. This was a shell nonetheless.
PPS is cheap considering what BYOCs plan is.
OCTX is not BYOC diluting, it's most likely MMs trying to scare some or some other retail DB hedging. OTCX is definitely not acting like before.
Clearly no one is selling.
However, we'd love some trips here... pretty please.
/Hands Praying/
Yep I noticed that. OTCX has been acting different lately, as well. He bounces all over the place and in different share amounts. Before he would get hit, then move up on ask, plus bids would get hit practically in thier full amounts, not with little amounts here & there.
OTCX doesn't necessarily have to be dilution, as different brokers can route thru them, such as interactive brokers, so I have been told. Idk
No selling here is very nice to see, as well
Lol, saying the same thing for 18 months... that's a good one!!! Right back at ya on that one....buhahahaha.
While I can agree PPS is based what the company is doing and communicating, including a CEO passing away, it's also a function of the market, people following other people, and yes manipulation and heavy shorting. Shorting a stock, is very well known in this industry and on big boards... and in fact investors trade based off the amount of shorting exclusively.
Long term play for me, always has been and I can wait a very long time for the plan and vision to come thru. But these next few quarters are going to be interesting. No worries.
We'll see in BYOC
Let's see what things look looking like when the next BYOC filing comes out, to see if we have a failed business, lol.
Most likely there prolly will be other news before that, we'll see.
Of course If there wasn't value here, then why are some folks still here, lol
Been here awhile too.
BYOC
Now that you mention all that HT, reading all that is helpful in understanding BYOC history...since reading is helpful, as you say. If you actually read some of it, as I know you said you had issues reading the S-1 and other filings to a certain someone, it mentions a lot about proprietary software, algorithms, and patents.
So perhaps they needed a platform/ application to role out the software to achieve validity. Now they have S800, some smart PathUX guys, along with Issues and Answers acqs and other acqs they've identified. Clearly they have something to convince owners of these acqs, investment banks such as Boustead & Maxim, corporate and securities council Lucosky Brookman, etc to help and assist BYOC.
So maybe not having a platform/ application to launch software is why APAI is defunct, idk. Does it really matter anymore? Idk
Also, perhaps BYOC gave George and the team a better chance to role out the proprietary software, along with a very nice NOL to help reduce taxes once the company is generating revenue and cutting expenses, ultimately carving a path to a successful business and build value.
Naturally, these things take time. But another full quarter is done, which will help the validity and achieving non dilutive funding.
Thanks on digging up some old information that may or may not be relevant, but it does connect dots.
All imo
I should ask the same for you actually, buhahaha
Agreed, but the SEC is proposing something in an attempt, I guess that's why they are leaving comments open on that web page for 60 days.
My point is none of that matters for BYOC, plus long term, the company has a long term plan of getting out of the otc and into a higher exchange. It's just a legit business takes time and there are not eyes on BYOC yet to realize how cheap this is.
A pump n dump with the CEO dying, that is quite an interesting kind of manipulation!
How the heck could they pull that off?...I'm sure the SEC will investigate this to no end, imo.
Good thing is BYOC doesn't fall into that category, since they are full reporting company.
No doubt the SEC will implement something. One of the various things they are trying to crack down is manipulation and fraud.
I found this particularly interesting and is quite relevant, on investopedia.
https://www.investopedia.com/terms/s/stockbasher.asp
Geordan and BYOC accused of lying, lol. They may be accused of not giving out too much information because they are acting like a real company that is SEC and FINRA compliant, and they dont really want to go to jail. Who does?
Plus, as junk otc stocks can't be traded anymore, perhaps some may come over to legit current reporting companies such as BYOC...https://www.sec.gov/news/press-release/2019-189
Fact: https://www.otcmarkets.com/stock/BYOC/disclosure
They have only submitted 1 quarter of filings after ceasing to be a shell. Let's be patient and let Geordan and company work on reducing expenses, while simultaneously growing organically and via acquisitions.
https://mobile.twitter.com/IncByoc/with_replies
Good, honest replies here = patience is key
Well, ALPS is still not active on L2 and OTCX is only sitting on the ask and no longer dumping to bid for awhile.
It's odd and acting somewhat like a cap from going up?
The dilution some are calling is clearly at a minimum.
Wow, "I couldn't have said it better myself" on BYOC.... oh wait
Cheers
Considering there's very little otc companies that actually turn a profit, I'd say they have done fine.
Let's also give Geordan and the BYOC team some time to reduce debt, reenergize the operations, and get things looking better.
One quarter after ceasing to be a shell and so harsh on them.
Lol and smh
That makes no sense and contradicts what the recent quarterly filing says. You are wrong in your statement.
BYOC
Considering this industry and what Qualtrics was going to IPO at, S800 was bought at a zero (0) multiple!
Let's just say for chits and giggles, that the 1st 4 acqs equal to and increase in short time, to revenues of 20 million.
Add a 5X multiple and a SS reduction to 750 million, that yields a market cap of 100 mill, and share price of 13 cents.
If they execute their plan, eventually market capitalization and evaluations will matter. It's a laugh right now.
Agreed and also believe management has a plan to not lose track of the negatives when a roll up strategy is being executed.
Since some here like to overly exaggerate on the negatives, I found this link a good combination of both cons and pros of acquisitions.
Imo, Geordan and team have a full plan for negating the negatives and making this a success, quarterly filings are key going forward.
https://investmentbank.com/pros-and-cons/
Everything has all been put in front of investors via BYOC filings, so no misleading there, sorry but you're wrong.
Go to otcmarkets under BYOC and disclosure of filings, it's all there.
And you may be right or wrong with people buying thinking that was the bottom, who knows. That's speculation and opinion.
No doubt some left after George passed away, but the bulk of the reason we are this low is because of massive shorting, imo. And yes, because of shorting and massive selling by a group, this low pps requires the company to convert with more diluted shares. BYOC has to work with what they got and thier own timeframes. They could have possibly done all this over a longer period of time, and not diluted as much... and guess what, the pps might gotten down this low with that route, as well.
As I will say again, over 1 million worth of discover shares went somewhere before George passed. For the sake of not really knowing what that entities ave is, let's just say that million dollars worth of shares is now worth 50k. My guess is that entity is in the know, and they are aware of the future value here. Not only that, but somebody was buying otcx shares as we came down in pps.
I personally feel there is a lot of things that happened behind the scenes and things are taking place and plans being executed. Geordan and team are after milestones and for the love of god people, these things take time in the business world with a lot of paperwork, lawyers, accountants, meetings, travelling, etc. The future state and some key events are a moving target.
While I'm not happy with a certain group for selling and believe there is a reason, everyone still needs to hone up to thier own trades, at what point is it on you if you held? Just saying. I'm fine in my position and my plan going forward, to each their own.
Letting the company execute here is requiring patience, all while we sit here waiting twiddling our toes.
All, imo
Lots of opinions here on BYOC and Geordan, why don't we all wait and see what happens here and what gets executed.
Patience and I got lots of it, buhahaha
This is your opinion after only 1 quarter filing after the company ceased to be a shell after making their 1st acqs? That is quite a feat to lose shell status and become a real life company, and its naturally expensive.
Dilution...some, but a LOT of Discovers shares (over 1 mill$) were grabbed earlier this yr
Any dilution for the following, imo:
1: pay down debt after S800 acq or other debt
2: pay for more acqs
All of which is likely needed to secure traditional financing & move quicker now going forward.
Why don't we leave opinions out for another quarter or 2 while Geordan and the team works hard to set this up for future success and to implement thier plan. Seems reasonable and is my plan.
If anybody thinks they can do better than Geordan as CEO, I think Geordan and the directors would love to see an application to review for the position, if you think you can do better.
But since he has been here since day 1 next to his father, and prolly has been the one preparing and submitting the filings, and knows the plan and has all the contacts, I doubt anyone can do better to speed things up.
Patience
Well, I knew there would be high short vol today, lmao on the MMs games!
17,616,062!!
https://www.volumebot.com/?s=byoc